Global semiconductor companies expanding their investments in South Korea have rolled up their sleeves to attract the country’s semiconductor talent. As the United States tightens its technology controls on China, global semiconductor companies have significantly increased their investments in South
LX Semicon, a fabless company under LX Group, a conglomerate which was previously part of the LG group, is currently considering delegating the production of next-generation display driver ICs (DDIs) to the Samsung Electronics Foundry semiconductor contract manufacturing division. The collaboration
South Korea’s monthly trade balance has successfully turned into a surplus for the first time in 16 months. This has been a result of a decrease in imports due to a drop in international oil prices amid the strong performance of car exports. Expectations for an export surplus in the second half of t
Samsung Display has filed a patent infringement lawsuit in the U.S. against Chinese display manufacturer BOE. As technology infringement from China intensifies, spreading to appliances, smartphones, and now displays, Samsung Display has decided to take a firm stand.According to the industry on July
Shinhan Bank announced on June 30 that its Vietnamese branch, Shinhan Bank Vietnam, signed a business agreement with BC Card on June 29 to jointly advance the card acceptance business.Through this agreement, the Vietnam and Indonesia branches of BC Card, a subsidiary of KT, will work with Shinhan Ba
The city of Busan announced on the morning of June 27 (local time) that it has signed a friendship and cooperation agreement with the Liverpool City Metro Region, a well-known British port city where the Beatles were born.Busan Mayor Park Heong-joon and Steve Rotheram, the inaugural Metro Mayor of t
The announcement by CJ Logistics and the Korea Maritime Institute (KMI) of their plans to establish large-scale logistics centers in U.S. cities like Chicago and New York has captured significant attention from the local American press.Between June 28 and 30, several local media outlets noted the jo
Samsung SDI announced on June 30 that it had obtained a carbon footprint certification from Carbon Trust.The Carbon Trust is an accreditation body established by the U.K. government in 2001 to address climate change and carbon reduction. It evaluates the greenhouse gas emissions produced throughout
The Korea Gas Corporation (KOGAS) is set to participate in a US$7 billion (9.2 trillion won) gas development project in Mozambique, Africa.The project, dubbed the Mozambique Area 4 Coral North Floating Liquefied Natural Gas (FLNG) project, is a follow-up to the Coral South FLNG, which KOGAS had prev
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Marshalling profits from its E&P division, LXI is continuing its eco-friendly transition. Uncertainties over the NPS’s exclusion of coal projects from its investment portfolio should ease gradua
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Boosting our earnings estimates for 2024 and beyond to reflect improved earnings visibility amid a gradual sector recovery, we raise our TP for PI AMC. We also note attractive strategic synergies w
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Lotte Rental recently held an IR event hosted by its CEO. The firm announced a new used car rental business, overseas business expansion plans, and shareholder returns targets, and presented mid/long-t
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.A key client’s GAA process is expected to reach the mass production stage in 2024, in turn benefiting Soulbrain. Also to benefit its earnings is an expected improvement in semiconductor supply/demand c
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.With another earnings season to begin in July, and with a semi-peak season for ad and commerce having begun, we examine whether Internet firms have achieved q-q earnings growth in 2Q23. Although g
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Rapid recovery in inbound traffic from countries other than ChinaAccording to monthly traffic data released on June 29, inbound travelers recorded around 870,000 people in May. Amid upbeat expectations
The author is an analyst for Shinhan Securities. He can be reached at kw.eun@shinhan.com -- Ed.2Q23 earnings previewKB Financial Group is expected to post net profit of controlling interest of KRW1.33tr for 2Q23, meeting the market consensus. Margins are likely to come in strong as in the previous q
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, today announced positive results from its Phase II clinical trials in infants of its 21-valent pneumococcal conjugate vaccine candidate, ‘GBP410’ (also known as SP0202), evaluating i
Japanese tourists accounted for the lion’s share of foreign visitors to Korea in May this year.Approximately 867,000 foreign tourists visited Korea in May, up 399 percent from the same month of 2022, according to the Korea Tourism Organization on June 29.By country, Japanese tourists posted the larg
Discussions on a minimum wage hike for 2024 were put to high gear as the labor community, which had walked out of a plenary meeting of the Minimum Wage Committee to protest the government’s repression of labor and the appointment of workers as members of the committee, returned to the deliberation t
“Sub-culture games” made by Korean game publishers are faring well in Asian markets. Subculture games are games that highlight Japanese anime-style girl characters and are targeted at specific groups of enthusiasts. Korean subculture games are gaining in popularity in China after Japan, so it remain