In the market on Dec. 6, there is a stark difference in perspectives regarding the public acquisition of Hankook & Company by MBK Partners, the largest private equity fund in South Korea. Some view it as “an intervention for the normalization of corporate value,” while others perceive it as “a hosti
HiteJinro has announced its foray into the U.K. market by launching two types of fruit liqueurs in 88 Sainsbury’s stores, Sainsbury’s Online, and Ocado, as reported on Nov. 28. The company’s soju exports to the U.K. have seen a significant average annual growth rate of about 73% over the past three
The number of venture companies with annual revenue exceeding 100 billion won (US$76.8 million) last year reached the record high of 869, the highest figure in history. The growth rate also set a new record, achieving an unprecedented 17.6 percent increase, or 130 companies, compared to the previous
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.Although the Covid-19 pandemic has ended, it has impacted global policies and life patterns. Anti-globalization has accelerated, and the new Cold War has deepened, with regional wars erupting. While drama
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.YG Ent posted consensus-meeting 3Q23 results. Viewing the firm’s current share price as already fully reflecting concerns toward an entertainment firm, we advise investors to focus on outweighing up
With the decision to select the host of the 2030 World Expo only 20 days away, Korean companies that have been making all-out efforts to support Busan’s bid are making a last-ditch effort to help the Korean port city punch its ticket to host the World Expo in 2030 on Nov. 28 (local time).According t
ULTRA Korea will return in 2024 to celebrate its 10th anniversary, taking place at Paradise City in Incheon, South Korea on Friday, June 7 - Sunday, June 9, 2024.The announcement comes on the heels of news of the festival’s new 3-year home at Paradise City - the expansive entertainment concept venue
The Financial Supervisory Service (FSS) has forwarded its indictment recommendation to the prosecution, targeting Kakao and Kakao Entertainment Corporation in connection with their alleged involvement in the stock manipulation case of SM Entertainment.Following his summons for questioning, Kim Beom-
During his six-day state visits to Saudi Arabia and Qatar, President Yoon Suk-yeol secured business contracts totaling $202 billion (27.3 trillion won). With these trips, he concluded his diplomatic rounds with the “Big 3” Middle Eastern countries, which began with a visit to the United Arab Emirate
Financial Supervisory Service (FSS) Chairman Lee Bok-hyun has announced that the agency will actively consider punishing Kakao Corp. for alleged Kakao Corp. stock price manipulation by its founder Kim Bum-soo and employees. If Kakao Corp. is fined for violating the Capital Markets Act, it may lose i
Former Kakao Chairman Kim Beom-soo appeared before the Financial Supervisory Service (FSS) in connection with allegations of market manipulation involving SM Entertainment stock prices.The FSS’ Capital Market Special Judicial Police have notified former Chairman Kim to attend the FSS as a suspect by
As Bae Jae-hyun, the head of Kakao’s investment division, who is suspected of manipulating SM Entertainment’s market price, has been arrested, the Financial Supervisory Service’s special law enforcement police plan to transfer Bae to the prosecution for further investigation.On Oct. 19, the FSS stat
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.LGE achieved market share expansion and margin improvement based on its competitiveness in the home appliance market. It also posted record-high profit margins at the VS division, exceeding expecta
MBK Partners’ Chairman Kim Byung-ju’s best-selling novel “Offerings” is set to be adapted into a film.Hollywood’s Anonymous Content will co-produce the movie with Anthology Studios, established by Director Kim Ji-woon and Actor Song Kang-ho.According to the entertainment industry’s esteemed media ou
LG Electronics aims to increase the installation count of its webOS, the operating system that powers LG Smart TVs, from the current 200 million to 300 million by 2026 worldwide. In line with this, the company will invest 1 trillion won over the next five years in content and services to transition
Cleveland Avenue, a prominent Chicago-based venture capital firm specializing in investments within lifestyle consumer brands and pioneering technology companies that positively disrupt large and growing markets, hosted CA Tech X Asia in collaboration with Shinsegae at The Devil's Door in Seoul toda
YG Entertainment’s stock price is plummeting amid a rumor that the company will fail to re-sign Blackpink member Lisa.At 10:57 a.m. on Sept. 15, YG Entertainment was trading at 73,700 won per share, down 8,000 won (9.79 percent) from the previous day. Foreigners and institutions were selling.Earlier
Authorities of the Korean Intellectual Property Office (KIPO) will crack down on fake Blackpink merchandise for fans present at the local Blackpink concert.KIPO said it will crack down on counterfeit merchandise related to the girl group at the “Blackpink World Tour Finale Concert,” which will be he
Recent data shows that South Korea’s top revenue-generating corporations have collectively invested a total of 4.5 trillion won (US$3.38 billion) in stakes in other companies, including ventures and startups, over the past 2 years and 6 months. The sector that received the highest concentration of i
YG Entertainment announced on Sept. 5 that the mobile game based on girl group BLACKPINK’s brand, “BLACKPINK The Game,” saw its OST “THE GIRLS” rise to #1 on the iTunes song chart in 30 countries.BLACKPINK released THE GIRLS on Aug. 25. The song carries a message about a courageous and independent l