LOTTE BIOLOGICS announced that they have signed a Memorandum of Understanding (MOU) with Roche Diagnostics, the diagnostic division of the global healthcare leading company Roche Group, to cement their cooperation in the Contract Development and Manufacturing Organization (CDMO) sphere.This MOU, sig
Coway Co., Ltd., the “Best Life Solution Company,” today reported financial results for the second quarter of 2023."We’ve successfully sustained steady growth through global market expansion, innovative product offerings, and strategic marketing efforts, despite difficult market circumstances," comm
The four major Korean business groups -- Samsung, S.K., Hyundai, and LG -- have begun to return to the Federation of Korean Industries (FKI).Ahead of the FKI’s extraordinary general assembly on Aug. 22, Samsung will hold a compliance committee meeting to discuss rejoining the organization. Other gro
On June 30, 2022, Samsung Electronics became the first company in the world to start volume production of chips via a 3-nm foundry procedure.The 3-nanometer era is expected to create a big change in the semiconductor market over the next decade. The 3-nm era will bloom in earnest with 3-nm chips pow
Samsung Electronics will announce a new vision for system semiconductors at the Samsung Tech Day 2023 to be held this October. The Korean semiconductor giant will flesh out its plans to develop and produce “semicon humanoids,” or more human-like robots, with human sensory functions such as smelling
The trade surplus of US$2.44 billion in the first half of this year is largely attributed to a substantial inflow of dividend income from abroad, amounting to US$1.59 billion. This analysis points to the expansion of overseas direct investments by companies that had previously heavily relied on key
In June, the trade surplus reached its highest level in a year, marking a successful achievement of two consecutive months in surplus. Nevertheless, the ongoing recession-induced surplus persists, with imports continuing to decline more substantially than exports.On Aug. 8, the Bank of Korea (BOK) r
The National Pension Service (NPS) has invested in a remarkably large amount of real estate in the Americas and Europe over the past three years, increasing its portfolio by over 60 percent during that time. During the same period, it increased its total amount of overseas real estate investments by
Hanwha Group has been designated as the 26th global defense company. Its revenue for the past year amounted to US$4.38123 billion (approximately 5.65 trillion won). LIG Nex1 and Korea Aerospace Industries (KAI) have also ascended in the ranks, securing the 52nd and 56th positions, respectively. This
Following its robust performance in the first quarter, Hyundai Motor Group has once again established itself as the leading entity in terms of operating profit in South Korea during the second quarter. However, despite this success, the group is currently grappling with a persistent issue of being s
Pernod Ricard Korea announced that it will open its world’s No. 1 Irish whisky Jameson ‘Distillery on Tour,’ a pop-up space recreating the essence of the Jameson Distillery in Dublin. The pop-up will run until August 23 in the atrium on the first floor of Seoul’s landmark Lotte World Mall.Distillery
Over the past five years since 2018, Samsung has reduced the number of its overseas subsidiaries by approximately 100, whereas Hanwha has increased its number by more than 400, leading the group with the most overseas entities. Particularly, Samsung has actively reduced 22 of its subsidiaries in Chi
Despite a global rush of major companies reshoring, South Korea uniquely trails its competitors in encouraging businesses to return, with the growth in returning companies remaining slow. Despite recent government efforts to encourage reshoring, assessments indicate that it is still insufficient.Acc
The validation of “LK-99,” which claims to be the world’s first room-temperature, ambient-pressure superconducting material, continues in the international academic community.On Aug. 8 (local time), the Cohesive Material Theory Center (CMTC) at the University of Maryland announced through social med
Convenience store GS25 and food company Ourhome, who participated in the 25th World Scout Jamboree held in Saemangeum, Jeollabuk-do, have come under fire for their poor management.According to industry sources on the 8th, Ourhome, who operated the catering and concession stands, food trucks, etc., a
LG Energy Solution announced on August 8th that it has established a joint venture with Huayou Cobalt Co., China's top cobalt producer, creating the first Sino-Korean battery recycling company in China. The contract signing ceremony for the joint venture was held at Huayou Cobalt Co.’s headquart
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.KT shares performed sluggishly in 1H23, affected by concerns towards the absence of a CEO and the government’s telecom company regulations. We expect that business normalization and earnings growt
The outline of SK Group’s hydrogen business, one of its future growth drivers, is gradually becoming visible. However, as the hydrogen business is in its early stages, it may take a considerable period of time for the Korean business group to turn a profit.SK Group has recently begun its hydrogen bu
Samsung Electronics and SK hynix will showcase next-generation memory solutions at the world’s largest flash memory semiconductor event in the United States.The two Korean companies will participate in the Flash Memory Summit 2023, which will be held at the Santa Clara Convention Center on Aug. 8-10
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP on HHS to W60,000. However, considering the value of its cash equivalents and equity holdings, the firm’s EV points to significant undervaluation.Lower TP to W60,000We lower our TP for