Hyosung TNC released Creora Bio-Based Black, a black edition of Creora Bio-Based and Creora Regen Black, a black edition of Creora Regen. Creora Bio-Based is a bio spandex product and Creora Regen is a recycled spandex product.Creora BioBased Black is the world’s first bio-spandex made from corn ext
Korea Hydro & Nuclear Power (KHNP) announced on April 10 that it has achieved the highest rating of “Green” in the World Association of Nuclear Operators (WANO)’s assessment of KHNP’s Operational Experience. This makes KHNP the first to achieve the highest rating for eight consecutive years among 16
KOGAS announced on April 10 that it signed a business agreement with JERA, a global energy company with the world’s largest LNG purchasing power, as a follow-up to the Korea-Japan summit on April 7.JERA, established in 2015 as a joint venture between Japan’s Tokyo Electric Power Company and Chubu El
KEPCO announced that its CEO Cheong Seung-il met with Vice President Raquel Peña and Energy Minister Antonio Almonte of the Dominican Republic to discuss cooperation in the power industry between the two countries at Lotte Hotel’s Conference Room in Seoul on April 7.Since 2011, KEPCO has won four di
LS Group Chairman Koo Ja-eun has embarked on his first overseas business trip since taking office. The Korean business group has chosen electric vehicles as its future growth driver and is in full swing to reorganize its power infrastructure-oriented group into high-growth businesses such as batteri
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced on April 11 that it will expand its Bar World of Tomorrow, professional training on sustainable bartending that has mainly been conducted in Seoul to people working in the hospitality industry on Jej
The author is an analyst at Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.1Q23 review: Semiconductors swing to loss, solid earnings from MXSamsung Electronics posted preliminary operating profit of KRW0.6tr (-86% QoQ) on sales of KRW6.3tr (-11% QoQ) in 1Q23, missing the consensus
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The U.S. economy is returning to its normal structure where people have to work to consume. Artificial demand based on excess savings should eventually ease. We expect the Fed to freeze the FF rate af
The author is an analysts of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.At Yuhan, 1Q23 non-consolidated and consolidated OP likely came in at respective W14.6bn (beating consensus) and W13.3bn (missing consensus). We anticipate consolidated earnings improvement after com
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Samsung Biologics should log non-consolidated 1Q23 OP of W180.1bn, with W150bn in 1H23 sales to be deferred to 2H23 due to delayed sales recognition. Our annual estimates remain intact. In 1Q23, raw m
The author is an analysts of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.At Celltrion Healthcare, 1Q23 OP should arrive in line with consensus at W63.6bn. Significant sales growth was confirmed for all major items in US prescription data for March. Although one-off cost i
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Despite slowing demand, LGE achieved sound earnings that far exceeded our estimates thanks to efficient inventory management and cost reductions. The firm’s shares remain attractive, with a full-fle
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.We raise our 2025 OP forecast by 77% to reflect tax credit estimates under the AMPC program. Further US capacity additions by automakers are expected within the year, which should benefit LGES.Raise
A truly postbiotic product containing only postbiotics, which consumers have been eagerly awaiting in their interest in a healthy life, is about to be released in pharmacies.Based on a SCI-level paper by bereum Co., Ltd., formerly known as BeRM, a pharmacist academic symposium was held at Baropharm
The Bank of Korea announced on April 7 that South Korea’s current account deficit was US$520 million in February this year. In January, the deficit was US$4.21 billion, the largest since records began in 1980. In February, the first two-month current account deficit was recorded in 11 years.That mon
The United States is putting more pressure on companies in the EV battery industry to rely less on China. Most South Korean companies in the industry are regarding the pressure as both a challenge and an opportunity.This is because they have diversified their material supply sources for years. For i
Tesla’s aggressive price cuts are making Hyundai Motor Group grapple more in increasing its sales in the U.S. electric car market. The company is faced with the prospect of losing U.S. Inflation Reduction Act (IRA) subsidies while its competitors seem to be gaining momentum.On April 9, Tesla cut its
Amid rising oil prices, the supply burden from China (in play since Sep 2022) is now easing. Moving ahead, demand for fuel oil for transportation is expected to improve, and refining margins should remain solid.Expect solid refining margins, centering on transportation fuels such as gasoline and jet
The author is an analyst of NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We raise our TP on LG Chem from W900,000 to W1,000,000, upwardly revising our operating value estimate for LGES now that it reflects earnings for Advanced Material Production Credit (AMPC). Also bodin
The author is an analyst of NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We expect SK Innovation to report disappointing earnings for 1Q23. However, with both utilization rate and production yield improving at SK On, once again, we look forward to profitability improvement