The tender for eBay Korea, the third-largest e-commerce company in Korea, has narrowed down to a two-runner race between traditional distribution rivals -- Lotte and Shinsegae.Lotte Shopping and Shinsegae E-Mart submitted letters of intent to acquire eBay Korea in a tender held on June 7.Lotte Shopp
South Korean defense companies are expanding overseas marketing for more new business opportunities.For example, Hanwha Defense is making preparations with Oshkosh Defense to win the 54 trillion won OMFV project of the United States. Candidate selection is scheduled for next month and Hanwha Defense
The Bank of Korea is planning to initiate a central bank digital currency (CBDC) experiment in August this year. The central bank recently disclosed its proposal request form for the experiment along with the fact that Samsung SDS is the consultant for the form.Under the circumstances, it is pointed
SKC announced its plan to build a copper foil plant in Europe last week. Now it is reportedly considering building another plant in Georgia, the United States.SKC has started a review on building a copper foil plant in the United States. It is expected to undertake the review in earnest after the si
SKC in charge of the secondary battery material business in SK Group will build a copper foil plant in Georgia of the United States. When the plant opens, SK Group will complete a vertical integration from electric vehicle batteries to materials in the United States.SKC is considering building a cop
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Construction 120: Seoul mayor’s reconstruction/redevelopment measures (1) Seoul Mayor Oh Se-hoon is expected to actively announce reconstruction and redevelopment measures for the remainder of hi
SK Bioscience announced on May 24 that it will receive up to US$173.4 million in additional funding from the Coalition for Epidemic Preparedness Innovations (CEPI) for the Phase 3 clinical trial of the COVID-19 vaccine candidate GBP510, which was jointly developed with the Institute for Protein Desi
Hanmi Pharmaceutical announced on May 18 that it will produce GX-19N, a candidate material for a COVID-19 vaccine under development by Genexine. The contract is worth 24.5 billion won.Hanmi Pharmaceutical will produce the vaccines using the production formula transferred by Genexine and supply them
LG Group will jump into the development of artificial superintelligence (ASI), a new type of artificial intelligence that doesn’t just mimic or understand human intelligence and behavior but surpasses the capacity of human intelligence and ability.The LG AI Research Institute of LG Group announced i
With a Korea-U.S. summit slated for May 21, the four largest Korean business groups have announced plans to invest more than 40 trillion won in the United States.The biggest investment project is Samsung Electronics' construction of a new foundry plant that will cost US$17 billion. Candidate sit
The Ministry of Food and Drug Safety refused to approve the Phase 3 clinical trial for GC Pharma's COVID-19 drug candidate. “The company failed to come up with proven therapeutic effects,” the ministry commented on May 11. Chong Kun Dang suffered a similar failure two months ago.Under the circum
SK Engineering & Construction will hold an extraordinary general shareholders' meeting at its headquarters in Seoul on May 21 to change its corporate name to SK ecoplant Co.In October 2020, the builder filed an application with the Seoul Central District Court for the temporary registration of t
Citibank Korea is planning to sell its retail finance arm as a whole in withdrawing from the South Korean consumer banking market. The bank is currently collecting letters of intent via the M&A team of Citigroup and Citigroup Global Market Securities Korea.According to industry sources, the disposal
The United States is considering sharing its intellectual property rights on COVID-19 vaccines with other countries. Under the circumstances, the possibility of mass vaccine production in South Korea is drawing attention. However, it is pointed out that the goal requires manufacturing facilities and
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Most of Korea’s large-sized construction players released their 1Q21 results last week. We expect 2Q21 to show similar earnings flows as those in 1Q21. Also believing that real estate policy mome
J.P. Morgan recently mentioned the possibility of Samsung Electronics’ another M&A deal. According to it, the candidates include NXP, Texas Instruments and Microchip Technology, which are running manufacturing facilities in the United States.NXP has been mentioned for years as an M&A target of Samsu
The auction of two sites in Arizona ended without a bid on April 21. The two sites were expected to house Samsung Electronics’ new semiconductor manufacturing plant in the United States, but Samsung Electronics and other companies did not participate in the tender.One of the sites is located in Good
Following a recent semiconductor meeting at the White House, competition is heating up among U.S. states to attract Samsung Electronics' semiconductor plant worth US$17 billion. So far, Texas is considered the most likely candidate. But Arizona, which recently attracted new investments from glob
NH Investment & Securities said in its report on April 20 that Moderna is planning to set up subsidiaries in South Korea, Japan and Australia this year and a South Korean company is likely to produce COVID-19 vaccines on a contract manufacturing basis if the subsidiary in South Korea is established.
Citigroup announced on April 15 that it would discontinue its retail finance business in South Korea in 17 years. Details of the market withdrawal are yet to be determined.The most likely exit strategy is to sell the retail finance arm as a whole, which will result in the highest price possible. Acc