The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.The recent deterioration in the supplementary capital funding environment is unfavorable for insurers with relatively poor capital adequacy. However, in the long term, the post-IFRS17 landscape looks a
The author is an analyst of Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.1Q23 preview: Update effects and cost reductionDevsisters is expected to have recorded operating income of KRW49.6bn(-18.3% YoY, +1.2% QoQ) and operating loss of KRW6.1bn (TR YoY, RR QoQ, operating margin o
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We lower our TP on Nasmedia by 22% to W35,000 on downwardly adjusted earnings estimates to reflect weaker profitability due to increased structural costs. However, we maintain a Buy rating, foreseein
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.Given improving memory supply-demand conditions, memory makers are to resume capacity investment from 2H23. TES is also to benefit from inclusion of foundry equipment in its memory-oriented equipment po
In 2022, R&D investments by the three major Korean battery companies -- Samsung SDI, LG Energy Solutions, and SK On -- exceeded two trillion won for the first time ever.Their R&D investments rose by 576.2 billion won (US$444.3 million) or 35.7 percent to 2.1871 trillion won (US$1.6866 billion) in 20
According to China’s state-run Xinhua News Agency on April 13, President Xi visited LG Display’s factory and the R&D center for electric vehicle Aion under China’s Guangzhou Automobile Group (GAC) as part of a tour of Guangzhou in Guangdong Province of China on April 12.The Chinese political leaders
On April 13, POSCO International announced a new vision for the first time after its integration with POSCO Energy at the Songdo Convensia in Incheon. Under the vision of Green Energy & Global Business Pioneer, the company aims to increase its current market capitalization from 3.8 trillion won to 2
Incheon International Airport Corporation announced on April 13 that Americans and South Koreans were the nationalities most frequently found carrying dangerous articles at the airport for the past 51 months.Specifically, the number of cases of Americans carrying such articles was 201 in 2019, 204 i
DRAM and NAND flash spot prices are rebounding after Samsung Electronics’ recent production cut announcement. Still, an industrywide recovery is rather unlikely in the first half of this year.Market research firm DRAM eXchange announced on April 13 that the 16Gb DDR4 2666 DRAM spot price was US$3.24
The Korea Fair Trade Commission fined Qualcomm 1.0311 trillion won (US$795.03 million) in 2017 for market dominance abuse and unfair transactions. On April 13, the Supreme Court of South Korea finalized its ruling that the penalty was legitimate.The penalty was imposed on Jan. 20, 2017. At that time
Coway, the “Best Life Solution Company," has received the Red Dot Award 2023 for the 17th consecutive year, acknowledging the company’s unwavering exceptional design. The three award-winning products include the Air Purifier (AP-3522E/F) and Skin Plus Water Softener (BB-17), which stand out for intu
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.We lower our TP on LGI on a reduction in earnings forecasts to reflect likely weaker-than-expected 1H23 sales and cost increase, as well as yield issues for new modules. However, we recommend overwe
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.While sluggish economic conditions were inescapable in 1Q23, we note that KakaoTalk is to be reorganized in 1H23. This initiative, along with anticipated ad market recovery, should spur sales growt
South Korea’s international trade environments are changing rapidly. Its trade deficit reached the highest level in history last year and its export and import environments are deteriorating in relation to China, trade protectionism, energy sources, and raw materials.Last year, its coal, oil and gas
The Incheon Port Authority recently decided to prefer port operators use domestic cranes and announced that this policy would be immediately applied to its operator selection procedures.Likewise, the Busan Port Authority is planning to rule out foreign cranes regarding docks to be put into operation
Intel Foundry Services and ARM announced that they would cooperate for mobile chip production and, in the long term, in the automotive, IoT, data center, and aerospace fields.Intel is currently increasing investment in the foundry sector and the cooperation with ARM is expected to boost its competit
CJ Bioscience, an affiliate of CJ CheilJedang, announced on April 13 that it would present a poster of the results of preclinical trials on CJRB-101 at the American Association for Cancer Research (AACR) 2023, one of the world’s top three cancer societies. CJRB-101 is a new drug candidate (pipeline)
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