The large-scale imports of Chinese-made vehicles and batteries is expected to have a significant impact on the domestic car market and parts industry in Korea. The increase in Chinese imports can be attributed to competitive pricing, driven in part by rising raw material costs.Experts argue that whi
South Korea and Japan are set to resume their regular financial supervision meetings, or shuttle meetings, that had been suspended since 2017. Financial Services Commission (FSC) Chairman Kim Joo-hyun plans to visit Japan in early October to discuss expanding financial exchanges. This development co
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
Samsung Heavy Industries has completed the shutdown of its local production subsidiary in China, Samsung Heavy Industries Ningbo Co., Ltd. This move comes as cost competitiveness in China has weakened due to reduced productivity and rising labor costs, eliminating the need for manufacturing faciliti
Hyundai Motor has started the process of selling its Chongqing factory in China, which has been non-operational for over a year. This is the second such move after it sold its Beijing 1 factory in 2021. Hyundai also plans to halt operations and prepare for the sale of its Chengzhou factory, one of t
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Kolmar Korea’s 2Q23 results showed its best-ever quarterly earnings. It booked OPM of 16% on a surge in domestic sun care product orders, economies of scale from higher productivity, and category di
The Chinese government has decided to virtually fully permit overseas group travel for its citizens for the first time in over three years since the onset of the COVID-19 pandemic. Consequently, Chinese group tourism to South Korea will resume after more than six years, unlocking the travel restrict
The validation of “LK-99,” which claims to be the world’s first room-temperature, ambient-pressure superconducting material, continues in the international academic community.On Aug. 8 (local time), the Cohesive Material Theory Center (CMTC) at the University of Maryland announced through social med
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm delivered consolidated 2Q23 OP of W33.2bn, slightly below consensus, affected by: 1) the reflection of a major portion of R&D expenses; and 2) a temporary drop in the portion of merchandi
Negative views of China grew among people in high-income countries, a survey has found. In the United States, Japan, and Australia, the percentage of respondents with negative views of China exceeded 80 percent. In South Korea, it was more than 10 percentage points higher than when the survey was co
Chinese banks that have entered the Korean market have faced a wave of sanctions from the Financial Supervisory Service (FSS) for breaching reporting obligations.The simultaneous sanctions imposed on Chinese banks are considered unusual, demonstrating the financial authorities’ determination to take
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
NH NongHyup Bank announced on July 16 that it held an opening ceremony for its Noida Branch in India on July 13 (local time).More than 100 people, including Kim Yong-gi, vice president of NH NongHyup Financial Group; Chang Jae-bok, South Korean Ambassador to India; Awasthi, CEO of the Indian Farmers
Vietnamese authorities have initiated an investigation into the concert organizers of the girl group Blackpink’s world tour, which is set to stop by Hanoi on July 29. The investigation was prompted by suspicions raised over a map posted on the organizer’s website that showed a line similar to the “N
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm’s 2Q23 OP is to miss consensus due to R&D cost reflection in the quarter. Our annual R&D cost projection remains intact. Believing that concerns towards Saemaul Geumgo (bank) regarding th
As the trend of de-sinicization rises across industries in Korea, Altasia is emerging as an alternative to China.The Korea Chamber of Commerce and Industry (KCCI) released the results of its study on changes in the global trade structure and countermeasures on July 5, revealing that 14 Asian countri
Since the full implementation of China’s Hallyu (Korean Wave) Ban in 2016, it has been revealed that a total of 46 Chinese subsidiaries of South Korean corporations have been sold or liquidated. The total revenue scale of these companies is approaching 20 trillion won.On July 5, CEO Score, a corpora
Bank of Korea Governor Lee Chang-yong had a surprise meeting with Pan Gongsheng, the current Chinese Communist Party Committee Secretary and head of the People's Bank of China (PBC) on July 3 ahead of U.S. Treasury Secretary Janet Yellen’s visit to China. The PBC actively publicized the meeting
Analysis suggests that Korean Air will be handing over 49 airport slots (rights to land and take off at specific times) to China as part of its approval process for the corporate merger with Asiana Airlines. The Chinese competition authority, fearing a monopoly, demanded the return of coveted slots
Tony Blinken, the U.S. Secretary of State who is currently visiting China, has announced that he met with President Xi Jinping of China and reached an agreement on the stabilization of U.S.-China relations.From June 18 to 19, Secretary Blinken had a two-day schedule during which he sequentially met