Kolon Life Science has licensed out its osteoarthritis cell gene treatment TG-C, also known as Invossa, to a new biotech company in Singapore in a deal worth up to 720 billion won.The company announced on April 13 that it has signed a 723.4 billion won (US$587.18 million) technology export contract
Large business groups, including Samsung, Hyundai Motor, and Lotte, have tripled their investment in venture companies in 2021 through their venture capital arms. Starting from Dec. 30, holding companies will be allowed to set up their venture capital companies. About 10 business groups including LG
The authors are analysts of Shinhan Investment Corp. They can be reached at jinmyung.lee93@shinhan.com and cgh815@shinhan.com, respectively. -- Ed. 3Q21 OP exceeds consensus at KRW77.3bn (-25% QoQ)Industries posted operating profit of KRW77.3bn (-25% QoQ) for 3Q21, exceeding the consensus estimate o
Kolon Group has partnered with the Korea Institute of Science and Technology (KIST) to develop core technologies for hydrogen production and storage, next-generation secondary batteries, and drug delivery systems.“Until now, we have used expensive rare metal as catalysts in electrolyzing water to pr
Japanese semiconductor material manufacturer JSR has recently acquired Oregon-based EUV photoresist manufacturer Inpria, whose share in the global EUV photoresist market is more than 90 percent. The photoresist is a material essential for semiconductor manufacturing processes.South Korea is a powerh
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 H2 Mobility+ Energy Show confirms: 1) growing participation in the hydrogen industry; 2) an acceleration in product price declines thanks to the introduct
LG Chem announced on Sept. 7 that it has developed, a cover window for foldable IT devices that can be folded inward and outward.Real Folding Window is hard like glass but flexible like plastics, the company said. It developed the new cover window by using a specially developed coating agent.Cover w
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 3Q21 OP to reach an all-time high of KRW10.5bn (+27% QoQ)Kolon Plastics is expected to post record-high earnings for 3Q21 at sales of KRW118.4bn (+18% QoQ) and operating profit of KRW10.5bn (
Kolon Industries signed a memorandum of understanding MOU with gr3n of Switzerland on Aug. 26 to forge a partnership in PET waste recycling business.The Swiss company has developed technology to drastically reduce the energy and time required to convert PET waste into high-purity raw materials using
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 3Q21 OP to surge by 191% YoY to KRW83.5bnWe now expect Kolon Industries to post operating profit of KRW83.5bn (+191% YoY) for 3Q21. The industrial materials division should record operating p
Ten South Korean business groups (Hyundai Motor, SK, Lotte, POSCO, Hanwha, Hyundai Heavy Industries, GS, Doosan, Hyosung and Kolon) are planning to launch their hydrogen enterprise council on Sept. 8.The purpose of the council is to accelerate the formation of the domestic hydrogen industry ecosyste
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2Q21 OP exceeds consensus at KRW103.6bn (+50% QoQ)Kolon Industries posted operating profit of KRW103.6bn (+50% QoQ) for 2Q21, topping market expectations of KRW90.7bn. The industrial material
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2021 OP to reach post-2012 highs at KRW322.2bn(+111% YoY)We now expect annual operating profit to reach the highest level seen since 2012 at KRW322.2bn (+111% YoY) in 2021. The industrial mat
The Japanese government implemented export restrictions targeting South Korea on July 4, 2019. Since then, South Korean companies have successfully reduced their dependence on industrial materials, components and equipment imported from Japan.The Ministry of Trade, Industry and Energy announced on J
Kolon Industries will double its output of aramid fibers (brand name: Heracron), which are a high-strength material that is five times stronger than steel and can withstand high temperatures of 500 degrees Celsius.The company announced on June 24 that it will ramp up its annual output from 7,500 ton
Kolon Industries has developed an advanced hydrocarbon resin that has a dramatically improved adhesion power. The company will enter the global high-value hydrocarbon resin market with this and other new products.Kolon Industries announced on June 21 that it has expanded its hydrocarbon resin produc
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2Q21 OP to reach post-2Q12 highs at KRW91.7bn (+149% YoY)We now expect Kolon Industries to report operating profit of KRW91.7bn (+149% YoY) for 2Q21, reaching post-2Q12quarterly highs. The in
Kolon Industries will supply key parts of the hydrogen fuel cells that will power Hyundai Motor's new hydrogen car Nexo.The company signed a contract with Hyundai Motor Group on June 16 to supply water control devices to various hydrogen vehicles, including the new Nexo to be released in 2023. W
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2021 OP to rebound sharply to KRW294.6bn (+93% YoY)We expect industrial materials to drive a steep upturn in operating profit at Kolon Industries to KRW294.6bn (+93% YoY) in 2021. Operating p
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. Oil refining: Ample upside potentialOil refining market conditions are expected to rebound in 2H21 on recovery in demand amid increasing distribution of COVID-19 vaccines. We are seeing favor