Technology exports from the domestic pharmaceutical and biotech sector totaled eight cases in the first quarter of this year. The scale of the five open contracts is 2.169 trillion won (US$1.643 billion). In the first quarter of last year, the figures were six and 2.174 trillion won (US$1.647 billio
Porsche sold 2,966 cars in South Korea in the first quarter of this year, the largest Q1 sales volume since the launch of Porsche Korea in 2014. In February, the sales volume was 1,123, fifth behind those of BMW, Mercedes-Benz, Audi, and Lexus. Porsche Korea’s sales volume has more than quadrupled i
The New York Times reported on April 8 that the CIA may have wiretapped the South Korean government related to arms support for Ukraine.According to the report, the U.S. government examined the possibility of supplying shells to Ukraine via South Korea. The South Korean government’s stance is that i
Samsung Electronics announced on April 7 that its first quarter operating profit plunged about 96 percent year over year. It was the first earnings shock in 14 years since 2009. The company changed its stance of making no artificial production cuts as its operating profit in the first quarter (Janua
U.S. Vice President Kamala Harris visited Hanwha Solutions’ plant in Georgia, which has become a symbol of the economic cooperation between the United States and Korea in the energy sector.On June 6 (local time), Vice President Harris toured Hanwha’s solar module plant in Dalton, Georgia and a nearb
Shinhan Bank announced on April 6 that its Cambodian subsidiary, Shinhan Cambodia Bank, was named Most Innovative Digital Bank in Cambodia at the GBO Awards 2022 organized by Global Business Outlook.Being honored as Most Innovative Digital Bank is significant for Shinhan Cambodia Bank as it has beco
The author is an analyst of Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Demand for MLB brand on a fast recovery in ChinaF&F is expected to have recorded consolidated sales of KRW499.4bn (+14% YoY) and operating profit of KRW149.8bn (+11% YoY) in 1Q23, picking up pace of growth
The author is an analyst of Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 results to disappoint due to weak duty-free earningsWe now expect LG H&H to post consolidated operating profit of KRW156.1bn (-11% YoY) on sales of KRW1.61tr (-2% YoY) for 1Q23, missing market consensu
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Shinsegae International’s 1Q23 earnings are likely to fall far short of consensus due to the exit of major imported fashion brands. Although a slide in annual earnings at the imported fashion busines
The author is an analyst of Shinhan Securities. He can be reached at keonhyeong.ha@shinhan.com -- Ed.Causes of recurring liquidity crises since the COVID-19 outbreakPolicy responses to the collapse of Silicon Valley Bank (SVB) have helped to calm market fears. The SVB crisis, which came close to tri
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on Orion to W170,000. With its high competitiveness confirmed both on the domestic front and in major overseas markets, the firm’s profitability is primed to start strengthening towards
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP on CJCJ to W460,000. But, viewing concerns towards likely sluggish 1H23 earnings as already being baked into the firm’s current share price, we stick to a Buy rating.Lower TP to W460,000
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.During its 1Q23 earnings release, SEC announced that it intends to cut memory output considerably, which will positively impact supply-demand conditions. We expect earnings to begin to rebound in earnes
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