The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on CJCJ to W430,000. Believing that the company has passed the bottom in terms of earnings, we see now as being a dip-buying opportunity from a turnaround perspective. A strengthening i
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.System overhauls and law amendments led by MOTIE are to invigorate the securitization of assets within industrial complexes. Fixed assets within industrial complexes (eg, water treatment centers
South Korea needs to strengthen its import-export trade with the United States through the Foreign Military Sales (FMS) program in order to become one of the top four global defense export powers, according to a Korea Institute of Industrial Economics and Trade (KIET) report titled “Recent Trends an
TSMC, the No. 1 global foundry player, is reportedly unable to meet Nvidia’s demand for artificial intelligence (AI) chip packaging. As demand for AI chips continues to explode, it remains to be seen if Samsung Electronics, considered the most technologically advanced player among latecomers, will e
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.H.PIO recorded quarterly-high earnings in 2Q23 on the back of an earnings turnaround at its main business and earnings growth at subsidiaries. Led by new brand launches and cash utiliztion, the compan
Pernod Ricard Hong Kong Limited has unveiled Ballantine’s 21YO Artist Edition in collaboration with celebrated Korean artist Noh Sangho exclusively in Global Travel Retail across the APAC region.This artist edition is rooted in the campaign slogan of Ballantine’s, "Time Well Spent," which emphasizes
A new service has been launched to help passengers board domestic flights using only a PASS application on their smartphones, eliminating the need for physical identification and paper boarding passes.On Aug. 7, SK Telecom, KT, LG Uplus, and the Korea Airports Corporation jointly announced the launc
On July 28, Doosan Enerbility completed a continuous 240-hour operational test of its first domestically produced gas turbine engine with 270 MW output and initiated commercial operation at the Gimpo Combined Heat and Power Plant operated by Korea Western Power (KOWEPO). Through this achievement, KO
The Federation of Korean Industries (FKI) has selected Ryu Jin (65), the Chairman of the Poongsan Group, as its next chairman.According to a press release issued on Aug. 6, the FKI stated, “At the upcoming extraordinary general meeting on Aug. 22, the FKI is planning to change the organization’s nam
An analysis has emerged indicating that LG Energy Solution’s market share is catching up with CATL in the battery market, excluding China, for the first half of this year.According to SNE Research on Aug. 7, LG Energy Solution maintained its top position in terms of market share in the global batter
BlackRock, the world’s largest asset management company, has decided to reduce its paid-in capital by 62 percent in its Korean subsidiary, BlackRock Investment Management. This strategic move comes two years after the company sold its mutual fund business, reflecting an intent to optimize its cost s
Following the implementation of the U.S.’s Inflation Reduction Act (IRA), the target market for Korea-made battery materials is rapidly reorganizing, with anode materials, known as the “heart of the battery,” being representative. From January to July this year, the global export scale of South Kore
On Aug. 7, Lotte Energy Materials announced its plan to build a smart factory in Spain to produce high-end copper foil with a completion target of 2025. The company will invest 560 billion won and produce high-end copper foil for electric vehicle batteries at an annual scale of 30,000 tons.Initially
Samsung Electronics solidified its position as the global market leader in the second quarter of this year by selling over 50 million smartphones. Despite widening the sales gap with Apple, Samsung’s profits from smartphone sales were dwarfed by Apple’s, earning them a critique that they “offer less
With superior image quality compared to Liquid Crystal Display (LCD) TVs, the Organic Light Emitting Diode (OLED) TV market, having entered a robust growth phase, is seeing a rise in ultra-large models, those 70 inches and above. This trend reflects the growing preference in the TV market for ultra-
Korea Development Bank (KDB), which has been pushing for the merger of Korean Air and Asiana Airlines, has started reviewing alternatives such as the sale to a third party, assuming the failure of the merger process. This move is interpreted as the initiation of “Plan B” after the merger between the
Hana Financial Group announced on Aug. 2 (local time) that it has signed a business agreement with State Bank of India (SBI) for global business expansion. The State Bank of India is India’s largest state-owned commercial bank with branches in 25 regions worldwide, including the U.S. and China.The t
KB Kookmin Bank announced that it has received final approval from the Ministry of Commerce in Cambodia for the launch of the integrated commercial bank “KB PRASAC BANK PLC.”KB Kookmin Bank received a permit for the launch of an integrated commercial bank through the merger of two overseas subsidiar
Woori Bank announced on Aug. 6 that it entered into a strategic alliance on Aug. 4 with BuildBlock, a U.S. real estate investment platform company, to provide comprehensive real estate investment services.BuildBlock is a Korean startup headquartered in Silicon Valley and was selected as a promising
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.2Q23 review: Booking of mostly one-off costs already knownAmorepacific posted 2Q23 consolidated sales of KRW945.4bn (flat YoY) and operating profit of KRW5.9bn (positive swing YoY). Sales came in line with