LG Chem announced on April 13 that it has signed a joint research and development agreement with North American eco-friendly fuel company Gevo to commercialize bio-propylene by 2026.Gevo possesses the source technology necessary for production of sustainable aviation fuel (SAF) and bioplastics with
The author is an analyst of Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.2023 tax revenue shortfalls raising expectations for an extra budget in 2HKorea’s tax revenue for the year to February came in lower by more than KRW15tr on a YoY basis, due to weaker contribution from inco
SK IE Technology (SKIET) announced on April 13 that President and CEO Kim Chul-jung visited Poland from Oct. 10-13 (local time) to inspect SKIET’s separator production plant in Poland and met with local government officials to discuss cooperation.Kim made his first stop at SKIET Poland’s Plant 1. Th
Korea National Railway announced on April 13 that it participated in the International Standards Summit 2023.The corporation checked the latest technology trends such as the application status of OpenBIM and IFC 4.3 and BIM asset management in the railroad field by participating in the International
Coupang Inc. announced on April 13 that its patent portfolio has grown by more than 80 percent year-on-year as of 2022. The Korean e-commerce giant has been steadily increasing its patent portfolio in various fields such as logistics, shopping, and information security.In 2022, Coupang registered ab
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.As in February, the March pre-sale market showed variation in sales interest by site. Despite a difficult market environment, pre-sales proved relatively solid for sites with a high portion of asso
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Policy to expand the number of NPPs is appearing rapidly in Europe and the US. Backed by the introduction of SMRs, this movement is on track for further acceleration.EU energy market for first week
While an inheritance dispute has broken out between members of the owning family of LG Group, LG’s stock prices were shaken as an activist fund made a surprise appearance as a major shareholder.On April 12, LG closed at 93,500 won (US$71.18), posting a 9.48 percent (8,100 won) increase. Institutiona
LG Energy Solution and Samsung SDI differed on a timeline for commercializing all-solid-state batteries which are considered to be the next generation of batteries. While LG Energy Solution believed that it was difficult to commercialize all-solid-state batteries even by 2030, Samsung SDI made it cl
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.While the current interest rate, exchange rate, and regulation environment appears unfavorable, HFG’s share price is excessively undervalued.External environment uncertain, but share price excessively
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Given likely higher orders this year, Philoptics should enjoy sound earnings both at subsidiary Philenergy (rechargeable battery stacking equipment) and its core business (display laser cutting equi
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Following the successes of Eversoul and ArcheAge War, Kakao Games no longer needs to prove its competence as a publisher. Ares (scheduled to be released in June) and Goddess Order (2H23) are both a
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.With the release date for Lies of P fast approaching, full-fledged marketing is to begin in May. Anticipation towards the new title should build in the run up to its launch, favorably impacting Neo
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.For 1Q23, Kiwoom should report a significant jump in retail-related revenue, thanks to active stock trading by individual investors. In addition, PF provisioning should prove limited. Expecting it to
The foreign currency debts of LG Energy Solution, SK On, and Samsung SDI are increasing rapidly due to their multiple overseas plant construction projects.Specifically, that of LG Energy Solution was 9.5392 trillion won (US$7.2615 billion) at the end of last year, when those of Samsung SDI and SK On
The IMF said in its report on April 11 that South Korea, Sweden, Belgium, and France are currently the most vulnerable in terms of household debt.According to the organization, South Korean households’ debt-to-income ratio amounted to 13.4 percent in the second quarter of 2022, second only to Austra
South Korean President Yoon Suk-yeol visited Kia’s EV plant in Hwaseong on April 11. The next day, the government announced that a tax credit of 35 percent would be provided for EV-only plants as well as semiconductor manufacturing facilities in South Korea.“We are revising the Act on Restriction of
The Nikkei reported on April 12 that Russia’s semiconductor imports totaled more than US$1.07 billion after the outbreak of the war in Ukraine, approximately 290 percent of its pre-war semiconductor imports. Imports from the United States accounted for about 70 percent of the imports and the imports
Bizmodeline is claiming that Apple Pay infringed upon its patent. It is an intellectual property company that owned more than 1,500 patents at the end of last year.According to the company, the payment method of Apple Pay infringes upon its patent applied for in 2005. According to the patent, a user
Renault Korea announced on April 12 that its operating profit was 184.8 billion won (US$140 million) last year after losing 8.1 billion won (US$6.2 million) in 2021. The company’s sales increased 25.96 percent to 4.862 trillion won (US$2.706 billion) in 2022.Likewise, GM Korea turned black last year