Samsung Electronics is expected to announce its U.S. investment plan next month. The investment in the United States and Pyeongtaek, South Korea is estimated to exceed 50 trillion won.The investment for the company’s second foundry in the United States is estimated at US$17 billion. Samsung Electron
Korean shipbuilders are in the final stage of negotiations on a US$4.6 billion offshore plant construction project.Brazil's state-run oil company Petrobras are reportedly having last-minute negotiations on the price of two floating production storage and offloading (FPSO) units with two Korean s
LG Energy Solutions will announce its plan to set up its second joint venture electric vehicle (EV) battery plant with GM on April 16 (local time).Earlier in March, LG Energy Solution announced that it was promoting a second battery plant with GM. The US$2.3 billion battery plant will be built in Te
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. EV battery shipments to Hyundai Motor to commenceOn Apr 12, the Electronic Times reported that Samsung SDI has begun developing next-gen cylindrical batteries for Hyundai Motors’ seven new HEVs. The two parties h
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Unlike when housing supply measures were announced on Feb 4, the upcoming by-elections (Apr 7) are unlikely to lead to significant sector share price adjustments. Likely weak 1Q21 earnings due to
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The major candidates in the Busan mayoralty by-election are in sharp conflict over nuclear power policy. In addition, discussions are underway whether the EU
Ringle English Education Service Co. (Ringle), a member company of Born2Global Centre that provides 1:1 video English lessons with native-speaking tutors from prestigious U.S. and U.K. universities, has secured US$8.9 million in investments.The potential of Ringle, which is currently in the process
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Business diversification is underway at construction companies based on ample cash liquidity secured via strong housing business over the past five years. During lulls in real estate-related news
The Korea Exchange announced on March 29 that a total of 39 companies whose fiscal year ends in December failed to obtain an unqualified audit opinion in their FY2020 audit reports submitted by March 26.The 39 companies are divided into seven KOSPI-listed and 32 KOSDAQ-listed companies. In KOSPI, JW
Jeil Pharmaceutical is stepping up efforts to develop new medicines. Onconic Therapeutics, a subsidiary specializing in new drug development, raised about 27.5 billion won through a capital increase in January and February to finance clinical trials of its new drug candidates.Jeil Pharmaceutical fou
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Both housing pre-sales and housing division revenue figures are set to expand in 2H21. Policy momentum stemming from real estate supply expansion should strengthen gradually in line with the unfo
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. With regards to Yuan’s Lazertinib, the two key issues for 2021 are to be: 1) phase II trial results for the SAVANNAH study; and 2) phase I brain metastasis data for the CHRYSALIS study. Yuhan is to r
Yuyu Pharma announced on March 17 that it would develop a new stroke drug with the University of California, Los Angeles (UCLA).This is the second joint research project of the university and Yuyu. Their first project, launched early this month, is to develop a multiple sclerosis drug.In the second
GC LabCell said on March 15 that its subsidiary Artiva licensed out its CAR-NK technology to the multinational pharmaceutical company MSD for US$1.88 billion in January. This contract applies only to three types of solid cancers. This is the second largest license-out deal for NK technology. CAR-NK
Korean e-commerce companies are moving to forge new alliances against Coupang.Naver, which started as an Internet search company and expanded its scope to news, content, finance, and shopping, has forged a strong alliance with Shinsegae Group, a Korean distribution and retail giant. The two companie
SK Innovation reacted strongly on March 16 to LG Energy Solution’s attempt to expand its presence in the U.S. electric vehicle (EV) battery market by taking advantage of the recent U.S. International Trade Commission’s ruling.The ITC ruled last month that SK Innovation misappropriated EV battery tra
The authors are analysts of Shinhan Investment Corp. They can be reached at shawn1225@shinhan.com and jhwon@shinhan.com, respectively. – Ed. Completion of Phase I clinical trial of Eylea biosimilar in KoreaAlteogen announced on March 5 that it has completed Phase I clinical trial of the Eylea biosim
GC Pharma announced on March 4 that it will support Moderna and the South Korean government in the distribution of 40 million doses of COVID-19 Vaccine Moderna, Moderna’s vaccine candidate against COVID-19, to support South Korea’s aim of providing vaccines to the public in a timely manner, subject
Hanmi Pharmaceutical has failed to receive approval for its anti-cancer substance "Oraxol" from the U.S. Food and Drug Administration (FDA).Hanmi Pharmaceutical licensed out Oraxol technology to Athenex, a U.S. pharmaceutical company, in 2011. Athenex said on March 1 (local time) that it has receive
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. As expected, 2021 apartment pre-sales are proceeding aggressively, backed by: 1) government and by-election candidate policies aimed at boosting housing supply; and 2) a real estate market boom t