New investments in venture startups plunged by one third in the first half of the year. The number of startups that received big investments plummeted.According to startup investment information platform TheVC, startups and SMEs received 2.819 trillion won (US$2.160 billion) in investment in the fir
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The Fed’s June pause was a move to slow hikes down to 12.5bp. A July FOMC rate hike seems inevitable. However, the July hike may be the last given the steep decline in core service prices and shrinki
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We expect FILA Holdings to report consensus-missing 2Q23 results, affected by widening losses at the US business. Although design commissions and royalties should remain stable, we trim our earnings
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Although SK Biopharm’s operating losses likely narrowed q-q in 2Q23, we believe that COGS-to-sales ratio returned to the previous high level, and SG&A expenses likely upped q-q on clinical costs. How
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.We believe that SEC’s earnings are primed to improve from 3Q23 on both industry-wide production cuts and inventory restocking demand. The pace of technology catch-up for HBM and DDR5 technologies is to
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.It is currently a key period for NCSOFT to make modifications and improvements to TL in order to address player complaints. Global beta tests scheduled for August/September could be an important i
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.2Q23 preliminary results: Better-than-feared earnings from MX Samsung Electronics disclosed preliminary 2Q23 results at company-wide operating profit of KRW0.6tr (continued loss QoQ) on sales of KRW60tr (-6
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.2Q23 earnings to miss consensus at operating loss of KRW26.6bnE-Mart is expected to have seen an operating loss of KRW26.6bn (widening loss YoY) on sales of KRW7.24tr (+1.3% YoY) in 2Q23, falling
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm’s 2Q23 OP is to miss consensus due to R&D cost reflection in the quarter. Our annual R&D cost projection remains intact. Believing that concerns towards Saemaul Geumgo (bank) regarding th
Overseas construction orders for Korea-based companies hit the highest level in five years in the first half of 2023. Hyundai E&C led the way, winning a US$5 billion plant project in Saudi Arabia late last month.Overseas construction orders to Korea totaled US$17.3 billion in the first half of 2023,
Korea and China are set to compete in the battery industry in Southeast Asia with high growth potential. Korean companies are investing heavily in Indonesia, Thailand, Malaysia, and Vietnam, the four largest electric vehicle markets in Southeast Asia. China, which has been blocked from entering Nort
As Korean battery companies such as LG Energy Solution, Samsung SDI, and SK on head to the United States, they are faced with an unexpected problem –- the emergence of a local labor movement. They are pressuring Korean battery companies over wage negotiations. If the situation becomes prolonged, it
The Korean government will push for an amendment to an executive decree to allow foreign companies to receive cash support for alternative investments other than investments in the construction of new factories or the expansion of existing factories and the creation of jobs. General Motors (GM) and
SK Group has launched all-directional support for the success of Korean Arts Week in New York City where it is participating as the main sponsor.According to the SK Supex Pursuit Council on July 9, SK Group is implementing various support measures for the success of Korean Arts Week, which will be h
GS25, a Korean convenience store giant operated by GS Retail, has failed to enter the Malaysian market.According to 1conomynews, a Korean media outlet, on July 9, GS25 chose Malaysia as the third country in its overseas expansion after Vietnam and Mongolia, and announced its strategy to introduce lo
U.S. President Joe Biden has announced his intention to attend the groundbreaking ceremony for Hanwha Q CELLS’ solar module plant in Dalton, Georgia, according to a local newspaper.Biden made the announcement when he spoke about his economic policies during a visit to the Flex LTD Plant in West Colu
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h
“Made in China” is making its mark in the Korean market, not only with solar power components but also in a variety of future-oriented products such as electric buses, drones, and robots.According to data submitted to Han Moo-kyung, a lawmaker of the People Power Party, by the Korea Energy Agency on
LS ELECTRIC is establishing its first North American production base in the state of Texas in the U.S. This move comes as demand for distribution systems, an essential power infrastructure for factories, is rapidly increasing. This is due to Korean companies in the semiconductor, automobile, seconda
According to the POSCO Group on July 9, non-steel sectors accounted for 58% of total sales last year, outstripping the sales of steel, which had been the group’s cash cow.POSCO Group’s non-steel business enhancement began with the acquisition of the Hombre Muerto salt lake in Argentina in 2018. Afte