The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.In the first month of the game’s global launch, Com2uS has enjoyed strong sales of Summoners War: Chronicles. The key is to be whether this initial hit has staying power in the global market.Summon
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.SFG is facing the double whammy of a shrinking market and weak 1Q23E earnings. We believe that it is time to expand shareholder return via a share buyback/retirement program.Lower TP, but maintain as t
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Since the announcement of guidelines for security tokens by the financial authorities, securities companies have been actively engaged in forming STO consortiums. In the process, issuance companies h
The author is an analyst of Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed. Upward revision of long-term guidance eases peak-out concerns The boom in the auto industry can be confirmed by looking at the data released each month. Recent numbers regarding sales volume, sales mix,
The Korean e-commerce market is facing another big change. With Coupang’s dominance solidifying with its quarterly surplus, Qoo10, which owns Tmon and Interpark Commerce, took over WeMakePrice, reorganizing the Korean e-commerce market.According to sources in the Korean e-commerce industry on April
While Samsung Display filed an OLED panel patent infringement lawsuit against U.S. component makers, BOE, the largest display company in China, is attracting attention as the U.S. International Trade Commission (ITC) has decided to launch an investigation of BOE. Samsung Display took this action to
SeAH Steel announced on April 6 that it completed the installation of 24-inch stainless welded steel pipe (STS steel pipes) pipe manufacturing facilities for the first time in Korea and will begin volume production of STS steel pipes in earnest. The Korean steelmaker plans to become a strong player
Hyundai Motor’s electrified model IONIQ 6 was honored as “the World Car of the Year” at the 2023 World Car Awards. With this included, Hyundai Motor took home the World Car of the Year Prize for two consecutive years following last year’s IONIQ 5.At the 2023 World Car Awards, the organizing committe
AI semiconductors developed by Korean fabless startup Rebellions outperformed those from global semiconductor giants such as Nvidia and Qualcomm in performance tests.MLPerf AI semiconductor test results released by ML Commons, a non-profit organization on April 6 (local time) showed that the AI semi
SK C&C announced on April 6 that it signed an MOU with US venture capital firm Storm Ventures to discover startups with promising global technologies related to the B2B technology business and cooperate in business.The MOU signing ceremony, held at SK-u Tower in the Bundang district of Seongnam in G
Although Daewoo Shipbuilding & Marine Engineering (DSME) was sold off to Hanwha Group last year, approval from the Fair Trade Commission is being delayed due to opposition from a competitor which is not a foreign company but HD Hyundai Heavy Industries, a Korean company.After Hanwha Group reported t
Prestige whisky of Pernod Ricard Korea, Royal Salute, was honored as the double-crown awardee in the whisky category of the ‘2023 Korea Wine & Spirits Awards’. Moreover, with craft bourbon whiskey Rabbit Hole and single pot still Irish whiskey Redbreast, new releases from last year to meet diversifi
The author is an analyst of Shinhan Securities. He can be reached atldh@sinhan.com -- Ed.1Q23 preview: Exports of K9 howitzers, merger of Hanwha MunitionsWe now expect Hanwha Aerospace to post sales of KRW1.76tr (+28% YoY), operating profit of KRW108.5bn (+63% YoY), and operating margin of 6.2% (+1.
The Exynos is an in-house AP of Samsung Electronics, but it was not used in the Galaxy S23 series launched this year. This is because the Galaxy S22 series for 2022 was embroiled in the game optimization service (GOS) controversy last year. The GOS lowers the performance of Galaxy devices when playi
Samsung Electronics will develop a graphics processing unit (GPU) optimized for a next generation version of its in-house mobile application processor (AP) Exynos. While strengthening ecosystems centered on the Exynos, the Korean semiconductor giant will focus on developing GPUs that determine smart
People Power Party lawmaker Yoo Kyung-jun remarked on April 6 that the Incheon International Airport is supposed to have 1,890 security guards but was understaffed by 390 as of the end of March.The airport has recently revealed serious security vulnerabilities. On March 26, two people from Kazakhsta
The Ministry of Trade, Industry and Energy announced on April 6 that foreign direct investment (FDI) in South Korea was US$5.63 billion on a report basis in the first quarter of this year, up 3 percent from a year ago. The actual investment in that period was US$3.38 billion, down 28 percent year on
Korea Investment Corporation (KIC), a sovereign wealth fund established by the South Korean government, recently changed its rules and policies so that it can invest in South Korean companies’ foreign subsidiaries.This change is because South Korean companies’ cross-border M&As are increasing and th
The Financial Supervisory Service (FSS) and the prosecutor’s office are investigating Kakao and Kakao Entertainment over allegations that they hindered a tender offer by market price manipulation during the SM Entertainment control dispute in February.The case began on Feb. 16 during HYBE’s tender o
The Ministry of Science and ICT announced on April 6 that the private and public sectors would invest at least 160 trillion won (US$121 billion) until 2027 in battery, semiconductor and display R&D.According to the government, the investment is divided into 156 trillion won (US$118 billion) from the