Korea Hydro & Nuclear Power (KHNP) and the British Embassy in Korea announced on April 11 that they have signed a net zero partnership MOU on carbon neutral cooperation such as to create a clean hydrogen ecosystem.British Secretary of State for Energy Security and Net Zero Grant Shapps, visiting Kor
The author is an analyst of Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.1Q23 operating profit to fall short at KRW145bnSK Innovation is expected to have recorded operating profit of KRW145bn (positive swing QoQ) in 1Q23, missing the market consensus of KRW341.7bn. The r
The author is an analyst of Shinhan Securities. He can be reached at krpark@shinhan.com -- Ed.1Q OP likely short at consolidated KRW155bn, standalone KRW163bnWe now expect Korea Zinc to report operating profit of KRW154.6bn (+46.6% QoQ) on a consolidated basis and KRW162.8bn (+4.2% QoQ) on a standal
LG CNS and Microsoft will strengthen their strategic collaboration to accelerate AI and cloud-based digital transformations (DX) and expand their business cooperation.To this end, the two companies held a top management meeting (TMM) at Microsoft’s headquarters in Redmond, Washington with the partic
Hyundai Mobis recorded orders worth US$4.65 billion (approximately 5.7 trillion won) from overseas automakers in 2022.This is a record-breaking achievement as it has not only exceeded its original target by 25 percent, but also nearly doubled from the previous year. This impressive growth is attribu
An announcement of a cut in memory production by Samsung Electronics which had previously stuck to a policy of no artificial production cuts has widened its gaps with SK Hynix and Micron, both of which are Samsung Electronics’ competitors in the memory industry, industry analysts say. Samsung Electr
The Korea Fair Trade Commission has ordered Google to pay a penalty of 42.1 billion won (US$31.8 million) for having hindered mobile game launches on One Store, a domestically launched app market and an alternative to the Google Play Store.According to the commission, Google provided incentives for
The Bank of Korea kept the key rate at 3.5 percent on April 11. It explained that preventing a further recession and financial instabilities is more important than stable consumer prices as of now and it is too early to predict any rate cut although it has been kept at that level twice.“At present,
The Korea Customs Service announced on April 11 that car exports from South Korea totaled US$1.513 billion for the first 10 days of this month, up 64.2 percent from a year ago. In this period, the sector’s trade surplus was US$1.05 billion and auto parts exports increased 6.7 percent year on year to
Portuguese Prime Minister Antonio Costa met South Korea with Hanwha Group Vice Chairman Kim Dong-kwan and SK Hynix Vice Chairman Park Jung-ho.The prime minister and the vice chairman of Hanwha discussed cooperation in the energy sector. The group’s business models in this sector include renewable en
bereum, a company specializing in heat-killed lactic acid bacteria postbiotics, and Dx&Vx, a bio-health care company, signed an MOU on April 5th. Through this agreement, the two companies plan to target the microbiome market by conducting joint research, such as analyzing not only lactic acid bacter
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Earnings at Samsung C&T have leveled up thanks to stable earnings at the construction division, brisk growth at the bio division, and the resolution of Covid-19 effects. Based on this, Samsung C&
Several A330 aircraft owned by Korean Air made emergency landings on three occasions in the second half of last year for reasons such as engine problems. This time, it caused inconvenience to passengers again. The aircraft was carrying about 200 passengers, nine crew members, and two captains.Accord
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.As an IT solutions provider, Tomato System mainly focuses on IT systems and UI/UX solutions. Margin improvement is in progress, backed by sales growth for high value-added solutions products.
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.NHN’s dominance in the web-board game market is strengthening, and we also favorably view ongoing sales growth at firm’s payment services & ads arm and its technology domain. Marketing cost reducti
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.We expect both NAVER’s share price and its earnings to turn around from 2Q23. Although the firm’s 1Q23 earnings will likely arrive sluggish, we believe they will mark the bottoming out point. Adver
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With solid demand on main routes, FSCs outperformed LCCs in terms of traffic demand in March. We advise taking advantage of dip-buying opportunities, amid a likely improvement in demand on both mid/lo
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Top-line growth likely continued in 1Q23 at Handsome thanks to imported brands. However, profitability should arrive somewhat flat due to greater new brand launch-related expenses. As the leading dom
Daewoo E&C’s overseas business is on a sharp rise. Last year, the Korea-based global contractor posted overseas sales of close to 2.8 trillion won, which accounted for 27 percent of the builder’s total sales.According to industry sources on April 10, Daewoo E&C posted sales of 2.7792 trillion won (U
Separators for electric vehicle batteries are drawing much attention as a key material that must be produced in North America under the U.S. Inflation Reduction Act (IRA). As the United States has no separator manufacturing plant yet, SK IE Technology (SKIET)’s advance into North America is gaining