The Federation of Korean Industries announced on Oct. 14 that South Korean shipping companies’ freight space totaled 80,583,000 DWT in January last year, seventh-largest in the world with a share of 3.9 percent.Greece came in first, followed by Japan, China, Singapore, Hong Kong and Germany. South K
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. In September, international passenger traffic climbed 47% y-y, continuing the recovery trend. Cargo traffic recorded an all-time high in terms of average tons per day. We look to a rapid demand recov
LS Cable & System announced on Oct. 6 that it was selected as the preferred bidder for the 200-billion-won submarine cable project by CSBC-DEME Wind Engineering (CDWE), an offshore wind farm construction company in Taiwan.The submarine cables to be supplied by LS Cable and System will be used for Ha
The Korean Fair Trade Commission (FTC) has turned out to be the only one among the fair trade watch dogs in six countries that has not yet completed the first phase of the review regarding the merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME).Among the
M&As in the global semiconductor industry are showing signs of regression. The potential shrinkage of the M&A market is because more and more governments are regarding the industry as a key part of national security. Samsung Electronics is aiming to sign a major M&A deal within three years, but its
Democratic Party of Korea lawmaker Youn Kwan-suk said on Sept. 26 that some governments are opposed to Korean Air’s acquisition of Asiana Airlines for the possibility of restriction of market competition.The deal must be approved by the governments of South Korea, the United States, China, Japan, th
SPC Group announced on Sept. 23 that it has opened a Paris Baguette branch at ION Orchard, one of the top shopping malls in Singapore.The ION Orchard branch is located on the first basement floor of ION Orchard, a complex shopping mall located in Orchard, a cultural center and downtown area of Singa
KB Kookmin Bank announced on Sept. 23 that it has signed a memorandum of understanding (MOU) on investment banking (IB) with Lloyd Banking Group of the United Kingdom.The MOU allows KB Kookmin Bank to jointly invest in real estate syndicated loans to be arranged by Lloyd Banking Group. The two compa
Ookla announced on Sept. 23 that this year’s global average mobile and high-speed Internet speeds are 107.5 Mbps and 55.1 Mbps, up 31.9 percent and 59.5 percent year on year, respectively.According to it, South Korea’s high-speed and mobile Internet speeds exceed the global averages by a margin of a
Taiwan made an official application on Sept. 22 for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is likely to lead to opposition from China.The Taiwanese government has had talks with CPTPP members since last week. According to it, Taiwan has ma
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Thanks to a rising vaccination rate, the transition to a period of coexistence with Covid-19 is now being discussed. Given this trend, we expect casino accessibility to rebound moving ahead. Recove
Samsung Electronics and Intel are making large-scale investments in the foundry sector in a bid to challenge the dominance of TSMC.Samsung Electronics is close to finalizing the site selection for its new US$17 billion foundry in the United States. The investment plan was officially unveiled in May.
Hyundai Motor will suspend the operation of its plant in Asan, South Chungcheong Province, from Sept. 9 to 10 due to a semiconductor shortage. The plant, which rolls out the Grandeur and the Sonata, also stopped operating in July and August due to the construction of electric vehicle lines. Hyundai
Hyundai Engineering & Construction Co. (Hyundai E&C) has won an exclusive contract for the redevelopment of Show Tower, a landmark office building in central Singapore. The construction budget amounts to US$220 million.Hyundai E&C announced on Sept. 6 that it has received a letter of award (LOA) fro
South Korean Trade Minister Yeo Han-koo had an online meeting with Minister of Trade and Industry of Singapore Gan Kim Yong on Sept. 6, saying that South Korea would make an official announcement this month on its accession to the Digital Economy Partnership Agreement.The agreement is a digital trad
SPC Group announced on Aug. 30 that it has opened the seventh Shake Shack store in Singapore at Gardens by the Bay, a nature park in the central region of the city state.The new store is located in front of the Flower Dome at Gardens by the Bay, the world's largest botanical garden (greenhouse)
The Financial Services Commission announced on Aug. 25 that investors in the South Korean stock market can invest in Chinese ETFs starting from Aug. 27.Previously, ETF registration and sale by domestic financial investment companies have been limited to those raised in OECD member states, Hong Kong
Mirae Asset Group is considering investing an additional 300 billion won in Impossible Foods, a U.S. startup specializing in alternative meat. The group has already invested 180 billion won in Impossible Foods on two occasions in March and August 2020. If the Korean financial group invests an additi
SK Hynix, which is in the process of acquiring NAND flash business unit from Intel, established 12 corporations abroad in the first half of 2021 to expand its NAND flash business.The new corporations were established in 10 countries, which are the United States, Canada, Mexico, the United Kingdom, I
The global direct investment in the 10 member states of the ASEAN amounted to US$731 billion in 2016 to 2020, when that in China was US$698.9 billion. In that period, the investments in the ASEAN and China increased 30.4 percent and 10.4 percent compared to 2011 to 2015, respectively.The Federation