Mirae Asset Global Investments, through its ETF subsidiary Global X Hong Kong, announced on Oct. 30 that it will commence trading of the “Global X Hang Seng TECH ETF” on the Shanghai and Shenzhen stock exchanges starting Nov. 6.The Global X Hang Seng TECH ETF is an ETF that tracks the Hang Seng Tech
Specialized organizations have predicted that the impact of China’s graphite export control will be resolved within three months. This is because there have been similar cases in the past and it is difficult for China to consume all the graphite produced in China alone. However, South Korean battery
Following the pandemic, South Korea remained in the middle to lower range in terms of growth rates among advanced economies. However, it ranked higher in terms of price stability indicators. This suggests a ‘trade-off’ between investment-led growth expansion and tight fiscal policy.According to the
China’s leading memory semiconductor company, Yangtze Memory Technologies Company (YMTC), has been reported as successfully developing and mass-producing 232-layer 3D NAND flash. According to South China Morning Post (SCMP) on Oct. 27, semiconductor analyst firm TechInsights revealed in a report on
In the third quarter (July-September) of this year, the Korean economy continued to grow thanks to a recovery in exports and consumption in the private sector. However, uncertainties surrounding outlooks on growth for the fourth quarter have increased with consumer and business sentiment deteriorati
There seems no end in sight in the growth of Korea’s trade deficit with China. This is due to a significant drop in Korea’s exports of high-tech products such as semiconductors and displays to China.Korea’s exports and imports from China reached US$91.6 billion and US$107.3 billion, respectively, in
The KOSPI index has fluctuated amid consecutive adverse developments, returning to its January levels. Compared to the annual high of 2,667.07 on Aug. 1, it has declined by 13.7 percent.On Oct. 26, the KOSPI index closed at 2,299.08, marking a 2.17 percent decline, while the KOSDAQ index concluded a
Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Sales of the recently released smartphones of LGI’s main North American customer may prove slower than initially expected. In line, we lower our earnings forecasts and TP. However, considering both
The top 13 countries in global greenhouse gas (GHG) emissions account for 70 percent of all GHG emissions. As global GHG emissions continue to rise, it will be difficult to reach the 2030 Nationally Determined Contribution (NDC) target, many experts expect.The Federation of Korean Industries (FKI) s
Medytox announced on Oct. 24 that it has withdrawn its application to China’s National Medical Products Administration (NMPA), which was filed in 2018 for the import of its Meditoxin product (export name: Neuronox). Instead, the company will actively push for its entry into the Chinese market with i
China’s move to control exports of graphite, a key raw material for secondary batteries, beginning from the end of the year has put the Korean battery industry on alert. The Korean industry is more than 90 percent dependent on China for graphite. This means that it is a real challenge for the indust
A video of a worker urinating on raw materials at a Tsingtao Beer plant in China has raised questions about whether the video will make a change in the imported beer market in Korea.“Korea is highly concerned about food hygiene and has some anti-China sentiments, so the video is bound to give the ne
Financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have uncovered allegations of stock manipulation related to a Chinese company, hereinafter referred to as Company A, which is listed on the KOSDAQ in South Korea. These allegations s
Amid tensions between the U.S. and China, domestic businesses are growing increasingly anxious as China includes graphite, a crucial component for secondary batteries, in its export control list. This move towards controlling not just gallium and germanium but also graphite by China in the second ha
On Oct. 22, SPC Group announced that Paris Baguette has surpassed 500 outlets worldwide.Paris Baguette has been on a roll, opening stores consecutively in places like Pennsylvania, New York, and New Jersey in the U.S.; Toronto, Canada; and Shanghai, Beijing, and Xi'an in China since last month. This
The European Union (EU) will boost global infrastructure projects to counter China’s Belt and Road Initiative.The EU will host the Global Gateway on Sept. 25 and 26. Leaders from more than 20 countries, including Bangladesh, Senegal, Namibia and Moldova, will attend the event, Bloomberg reported on
On Oct. 19, POSCO announced the completion of an automotive coated steel plate production and sales factory in Hebei Province, China. This is a joint venture with the Hesteel Group with an annual capacity of 900,000 tons.In May 2021, POSCO’s board of directors approved the establishment of a joint v
It is expected that domestic petrochemical companies engaged in the oil refining business will achieve an improvement in their performance in the third quarter. After incurring significant losses in the second quarter, the oil refining sector is anticipated to generate profits due to the upward tren
McKinsey introduced the content of its report, “Koreas Next S-Curve,” to international media outlets at Shilla Hotel in Seoul on Oct. 19. In the report, the company proposed three pillars of reorganization, transformation, and construction and eight action items for Korea’s economic renaissance.McKi