The author is an analyst for Shinhan Securities. He can be reached at snowKH@shinhan.com -- Ed.2Q23 earnings surprise with OP of KRW52.7bn (+83% YoY)Hyundai Autoever registered operating profit of KRW52.7bn (+83% YoY) on sales of KRW753.9bn (+20% YoY) in 2Q23, an earnings surprise that beats our est
During the middle of July, South Korea witnessed a consecutive two-month rise in its foreign exchange reserves, reflecting an increase of US$350 million. This surge can be attributed to the upward valuation of foreign currency assets against the backdrop of a weakened U.S. dollar, particularly again
The rise of Poland as a prominent hub for Eastern European electric vehicle battery and defense industries has positioned it as a strategic focal point for domestic and international corporations. The recent collaboration with Ukraine’s reconstruction efforts has also attracted attention from domest
After their head-to-head competition in a next-generation naval escort ship contract, HD Hyundai Heavy Industries (HHI) and Hanwha Ocean are shifting their focus. There’s keen interest about whether they will work together to win tens of trillions of won of submarine procurement projects.According t
SPC Group’s Paris Baguette has announced that it has been ranked 37th in the “Top Global Franchises” selected by the U.S.-based business magazine “Entrepreneur” in 2023.Entrepreneur, a business magazine representing the U.S. alongside Forbes and Fortune, recently announced the top 200 global brands
On July 3, CJ Logistics announced that it has signed a strategic partnership memorandum of understanding (MOU) with the 7th global container shipping company, Japan’s Ocean Network Express (ONE).Through this business agreement, both companies have agreed to actively cooperate in providing competitiv
OSSTEM IMPLANT is scheduled for delisting from the KOSDAQ market on Aug. 14, marking an end to its 16-year presence since its market debut in 2007. The orderly liquidation period will span from Aug. 3 to Aug. 11.On Aug. 2, the Dentistry Investment consortium, formed by MBK Partners and Unison Capita
In 2Q 2023, LG Household & Health Care (LG H&H Co., Ltd) reported 1.8tr won in sales (-3.0% yoy), 158bn won in operating profit (-27.1% yoy).The Company sales decreased mainly due to Beauty’s 8% yoy decline, while HDB and Refreshment sales grew slightly yoy. Operating profit for the Company decrease
KT&G Corporation(“KT&G” or the “Company”) (KRX:033780), South Korea’s leading tobacco manufacturer, today announced financial results for the second quarter ended June 30, 2023. The Company also shared its robust shareholder return program, including interim dividend and share cancellation.For the 2
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We raise our TP on SM Ent to W170,000. With the full-fledged launch of the SM 3.0 era, the frequency of the firm’s new releases has increased, and sales volume per album is on the rise. Accordingly,
The average age of employees at Hyundai Motor and Kia Corp. is on the rise. More than half of the employees are over the age of 50, but less than one in 10 are in their 20s. In this situation, their labor unions are demanding that the retirement age be extended, raising concerns that the demand will
The business of separators, one of the core materials of batteries, is flying high as demand for batteries has climbed. Separators are one of the four main elements that make up a battery, along with anode materials, cathode materials, and electrolytes.The global separator market is expected to grow
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Backed by Eversoul, ArcheAge War, and Ares, Kakao Games is continuing to produce new-lineup successes in 2023. Earnings at the firm are believed to have bottomed out, and the share price has falle
As Saudi Arabia urges Korean companies to participate in investments in the future city project NEOM with a total project cost of US$500 billion (about 645 trillion won), expectations for large-scale orders are growing in the Korean construction equipment industry including Doosan Bobcat, HD Hyundai
Korean battery makers are changing their production targets even as they are building plants. This is in response to the rapidly growing demand for batteries. Spurred on by support from North American countries, battery makers are increasingly changing production plans for plants that are barely com
Pernod Ricard Korea announced that it will host the Ballantine's Single Malt Glenburgie Pop-up Store, titled "Ballantine’s Single Malt Glenburgie: Unveiling Centuries Old Secrets," at Shinsegae Department Store Centum City in Busan until August 10 (Thursday).Themed "Unveiling Centuries Old Secre
The automotive display market is expected to grow at an average annual rate of 7.8 percent and exceed 16 trillion won in 2027, according to a new report.The Korea Display Industry Association forecast in its Automotive Display Value Chain Analysis Report on Aug. 2 that the automotive display market
Samsung Electronics has raised the mid- to long-term bar in the robotics business, one of its future growth drivers. The company has begun a full-scale review on how to develop a humanoid robot that walks on two feet like a human.According to industry sources on Aug. 2, Samsung Electronics has recen
KG Mobility has returned to profitability for the first time in seven years with its best-ever first-half performance in the first half of this year. The automaker gave credit for its popular Torres model, which showed brisk sales.KG Mobility announced on Aug. 2 that it sold 65,145 units in the firs
It has been found that the foreign ownership percentage of top market capitalization stocks has increased this year. Notably, foreign investors have extended their financial commitments into the domains of defense and construction.According to data released by the Korea Exchange on Aug. 2, the numbe