As the sole company with a comprehensive portfolio in the naval industry, Hanwha Ocean contributes to strengthening the Republic of Korea’s naval power by leveraging world-class vessel and submarine construction capabilities.Starting with the delivery of the patrol vessel “Anyang” to the Republic of
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP meets consensus at KRW84.3bn (+12.3% YoY)Lotte Chilsung Beverage posted operating profit of KRW84.3bn (+12.3% YoY) on sales of KRW830.4bn (+5.9% YoY) in 3Q23, meeting the consensus estima
Samsung Display filed a complaint with the U.S. International Trade Commission (ITC) against China’s BOE, the world’s largest liquid crystal display (LCD) panel maker and Samsung Display’s largest display competitor. Samsung Display claims BOE stole its technology. This is separate from an ongoing p
For more than 60 years, Korea had not made it to U.S. Billboard charts, but starting with Psy’s Gangnam Style in 2012, K-pop’s presence on the charts has been growing with BTS, BlackPink, and Nujins making their splashes.As K-pop’s status has changed, so has the number of foreigners visiting Korea.
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.If excluding one-off labor costs, AmorePacific met 3Q23 consensus. Due to the slow recovery of Sulwhasoo in China, earnings growth at the firm is likely to remain flat in 4Q23. However, we see justi
The operating profit of Hyundai Motor Group’s 11 listed companies in the third quarter of this year increased by more than double compared to the same period last year.According to the Financial Supervisory Service’s electronic disclosure system on Nov. 1, the 11 listed companies within Hyundai Moto
POSCO International’s overseas gas exploration project has received a warning. The U.S. government has announced sanctions against the Myanma Oil and Gas Enterprise (MOGE), which holds a stake in the gas project operated by POSCO International, citing civilian oppression by the Myanmar military regi
On Oct. 31, Korea Hydro & Nuclear Power (KHNP) signed a nuclear decommissioning cooperation agreement with Kinectrics, a Canadian nuclear engineering firm, at Kinectrics’ headquarters in Toronto.The agreement will enable the dispatch of domestic technical personnel to overseas nuclear decommissionin
The Financial Supervisory Service (FSS) will set up a special short-selling investigation group to crack down on illegal short selling. The team will conduct full investigations into all short-selling transactions by global investment banks (IBs) since May 2021, when short selling was partially reop
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
The National Pension Service (NPS) Investment Management has announced on Oct. 30 that the cumulative return on its funds for the first eight months of this year stands at an impressive 10.27 percent. This represents a significant increase of 0.54 percentage points compared to the return rate of 9.7
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
The recent revelation of illegal short selling by global investment banks (IBs) and a plunge in the stock market are fueling a debate on a total ban on short selling of all listed stocks. “We will improve all systems from scratch,” Financial Services Commission (FSC) Chairman Kim Joo-hyun said in re
Investor concerns are growing within the overseas real estate fund market as even prime overseas office buildings with low vacancy rates are showing investment losses. Particularly, as the maturity dates of real estate funds established from 2018 to 2021 are set to continue, warning signs are also o
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
Amid growing global attention on the Middle East due to an armed conflict between Israel and the Palestinian militant group Hamas, the number of overseas subsidiaries established by large Korean companies has surpassed 110 in major Middle Eastern countries, according to a survey.The Korea CXO Instit
Amid the rising value of the U.S. dollar and the subsequent selling off to capitalize on profits, residents’ foreign currency deposits decreased by nearly $100 billion last month, marking a continuous decline for the second month in a row. Consequently, the foreign currency deposit balance shrank to
Medytox announced on Oct. 24 that it has withdrawn its application to China’s National Medical Products Administration (NMPA), which was filed in 2018 for the import of its Meditoxin product (export name: Neuronox). Instead, the company will actively push for its entry into the Chinese market with i
The Venture Business Association announced that it hosted a Deutsche Telekom Magenta Management Meet-Up event in collaboration with Deutsche Telekom on Oct. 20 in the Gangnam district of Seoul.Deutsche Telekom, headquartered in Germany, is Europe’s largest telecommunications company, serving approxi