The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) escalated tensions in February by adding an additional six Chinese companies to its blacklist, following the earlier inclusion of eight companies. With these new additions, the Biden administration has now blacklisted a total of
The author is an analyst for Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.1Q24 OP to meet consensus in the absence of major one-offsSamsung E&A is expected to have registered sales of KRW2.5tr and operating profit of KRW197bn in 1Q24 in line with the market consensus. Sales
After enduring difficulties in the first quarter, major Korean entertainment companies have been aggressively marketing themselves. They are also changing their consumer bases, shifting from a profit structure that relies on core fans to target light fans, those who consume music lightly.According t
Thanks to the rise in TSMC’s stock price, the market capitalization gap between the Taiwanese and South Korean stock markets has widened to its largest extent in at least 21 years since 2003.According to Bloomberg, the market capitalization of the Taiwan Stock Exchange Capitalization Weighted Stock
The proportion of foreign investors in the KOSPI market has risen back to the 35 percent range. With expectations of a recovery in the semiconductor industry, a key focus of the government’s “Corporate Value-Up Program,” foreign investors are seen actively opening their wallets.According to the Kore
Shinhan Securities has announced that the proportion of overseas stocks in accounts held by minor investors recorded 20.6 percent as of March 27, which is significantly higher than the proportion in accounts held by all individual investors, which stands at 7.6 percent.The proportion of overseas sto
During the first quarter, foreign investors net purchased nearly 15.8 trillion won (US$11.66 billion) worth of domestic stocks, marking the highest level ever recorded since relevant data collection began.According to the Financial Supervisory Service on April 8, foreign investors net purchased 5.10
Foreign investors are shedding their holdings in secondary stocks in each industry and concentrating on the top stocks. With the resurgence of confidence in the semiconductor sector, they are buying both the top and secondary stocks in the semiconductor industry, but their interest seems to be focus
Recently, it has been observed that the market capitalization of POSCO Group and Eco Group has evaporated by over 20 trillion won within a month due to the deteriorating performance of the secondary battery industry in the domestic stock market.According to the Korea Exchange on April 7, the combine
Domestic individual investors have surpassed the milestone of holding over 113 trillion won in overseas stocks, marking a historic high. With the KOSPI index rising by 3 percent in the first quarter of this year, major foreign markets such as the United States and Japan surged by over 10 percent, de
On April 3, both the KOSPI and KOSDAQ indices began trading with declines of over 1 percent.With foreign capital inflows continuing throughout the year, the market capitalization share in the securities market has been steadily increasing. There are expectations that the optimism surrounding the gov
Hanwha Group’s acquisition of Australian defense company Austal has hit a snag. The challenge arose because Austal indicated that obtaining approval for the acquisition from Australian and U.S. authorities would be difficult, effectively rejecting the proposal.According to Reuters on April 1 (local
Samsung Electronics is set to reveal its “dream memory,” three-dimensional (3D) DRAM, in 2025, marking a first in the semiconductor industry. The move is seen as Samsung reigniting its “technology gap” in the high bandwidth memory (HBM) market where it has previously lost ground to SK hynix.Accordin
The price of Samsung Electronics stock has risen by 4 percent, reaching the 85,000 won (US$63) mark for the first time in about three years. This means its market capitalization has surpassed 500 trillion won.On April 2, Samsung Electronics concluded trading at 85,000 won, marking a 3.66 percent inc
OCI Holdings has begun reconsidering the expansion of its North American solar power module production line, which it has promoted as one of its core businesses for the future.According to industry sources, OCI Holdings’ Texas subsidiary Mission Solar Energy has begun to reconsider the expansion of
Korea’s inheritance tax is too high compared to G7 countries, leading to the Korea discount (the undervaluation of the Korean stock market) and discouraging investment, according to a proposal to adjust it to a reasonable level in this year’s tax law revision.“Over the past 30 years, G7 countries ha
Align Partners, which conducted an activist campaign against JB Financial Group, has succeeded in placing two directors on the board. This marks the first instance of a shareholder-proposed director being included in a South Korean financial company.At the 11th regular shareholders’ meeting of JB Fi
A recovery in the influx of Chinese group tours into South Korea is becoming noticeable. Chinese tourists to South Korea have passed the pre-COVID-19 level and are getting closer to the level where they peaked in the past. New momentum in China’s recovering economy is also something that can help se
Last year, insurance companies recorded a net profit exceeding 13 trillion won (US$9.68 billion), marking a record high performance in history.According to the “2023 Insurance Company Management Performance” report released by the Financial Supervisory Service on March 26, the combined net profit of
Samsung Electronics and SK hynix have both reached new record highs simultaneously. Samsung Electronics share price has recovered to 80,000 won (US$60) in approximately two years and three months, while SK hynix’s market capitalization approaches 130 trillion won. Expectations are rising for Samsung