The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY; TP raised 4.8% from KRW620,000 to KRW650,000 We reiterate BUY on CJCJ and raise our TP by 4.8% from KRW620,000 to KRW650,000. We have revised up 2021-23E NP (attributable to controlling interest
The U.S. government is assisting biosimilar manufacturers so that drug prices can be lowered. Under the circumstances, South Korean biosimilar developers are expected to be able to benefit.The U.S. Food and Drug Administration announced on July 28 that Mylan’s biosimilar Semglee is now interchangeab
Samsung Electronics beat Intel and recorded the biggest sales in the global semiconductor industry in about three years. Industry watchers say that the former, which has approximately US$100 billion in cash on hand, is likely to increase its M&A investment to remain ahead of the latter.In the second
Korea Water Resources Corp. (K-Water) is expanding its investment to develop ultrapure water (UPW) production technology, the foundation for the semiconductor industry. K-Water has set the goal of overtaking Japan, the world's leader, by leading technological innovation in all areas of ultrapure
The Ministry of Trade, Industry and Energy announced on Aug. 1 that South Korea’s exports totaled US$55.44 billion last month, up 29.6 percent from a year ago. It is an all-time high since records began in 1956 and the previous high is US$55.12 billion, which was recorded in September 2017. Last mon
The Ministry of SMEs and Startups announced on July 28 that domestic venture investment totaled 3,073 billion won in the first half of this year, up 85.6 percent from a year ago. It is a record high half-year figure and equivalent to 71.4 percent of the figure recorded last year.The investment showe
The rise of the 5G standalone (SA) mode and the opening of 5G frequencies to corporations is bringing much attention to the world's first 10-gigabit 5G alliance between Qualcomm and Samsung Electronics.The 5G SA mode started in Korea in July. 5G networks will also be opened to companies. On July
The Chinese government’s industry-wide regulations are even affecting the South Korean stock market by causing stock prices to fall in China and Hong Kong. Related domestic ETFs and stocks are moving down in the wake.KOSPI fell 0.91 percent to close at 3,224.95 points on July 26. Foreign and institu
SK Inc. will pay an interim dividend of 1,500 won per share, the largest amount since it started to distribute an interim dividend in 2018.The company made the decision in a board meeting on July 21. The total amount of the interim dividend payout is 79.3 billion won, up about 50 percent from 52.8 b
The Ministry of Trade, Industry and Energy announced on July 21 that its power semiconductor commercialization project that started in 2017 has led to 39 billion won in sales so far.The project is scheduled to end in 2023 and the government is planning to invest a total of 83.6 billion won in the pr
Campaign Asia-Pacific and Nielsen announced on July 20 that Samsung topped their Asia's Top 1000 Brands list for this year. The 18-year-old list shows consumer preferences in 14 Asia-Pacific countries, and Samsung took the top spot for the 10th consecutive year this year."Samsung Group is the bi
Korean companies in South Africa, which were damaged by arson and looting last week, have begun to count on the cost and bring the situation under control.LG Electronics announced on July 19 that it will figure out the exact extent of the damage to its Durban TV plant before discussing its next step
An increasing number of South Korean companies are aiming to repeat the success of Coupang after it made a successful debut on the New York Stock Exchange in March this year.SoftBank chairman Masayoshi Son is increasing his investment in South Korean startups after his successful investment in Coupa
Social disorders in South Africa are spreading like wildfire after the detention of former president Jacob Zuma. Under the circumstances, Samsung Electronics and LG Electronics are suffering serious damage.According to industry sources, thieves broke into Samsung’s warehouses in KwaZulu-Natal on Jul
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Newtree’s 2021 Ever Collagen sales are estimated at W240bn. The company’s product diversification efforts are proving successful with the healthy performance of new brand Master Biom, for which so
The authors are analysts of Shinhan Investment Corp. They can be reached at shawn1225@shinhan.com and jhwon@shinhan.com, respectively. – Ed. 2Q preview: Slow recovery in OTC vs. visible growth in ETC/exportsWe now expect Dongkook Pharmaceutical to post consolidated sales of KRW145.3bn (+4.7% YoY) an
Hanmi Science, the holding company of Hanmi Pharmaceutical Group, aims to become a regional vaccine hub company based on its massive mRNA vaccine production capacity.The World Health Organization (WHO) is moving to establish a vaccine hub in each region of the world. Hanmi Science sees the project a
Market research firm CEO Score recently analyzed the top 500 South Korean enterprises with regard to patent registration from January 2016 to June 10 this year. According to the firm, a total of 141,752 patents were registered by 345 out of the 500 in that period.Samsung Electronics topped the list
South Korean pharmaceutical and biotech companies licensed out 12 technologies in the first half of this year. For reference, the number was five in the first half of 2020 and 17 in 2020 as a whole.The combined size of the contracts is at least 6,258.7 billion won, with the figures of LG Chem and in
The Ministry of Science and ICT announced on June 24 that it is planning to invest 23.5 trillion won in national R&D projects next year, including 2.48 trillion won in the biotech and healthcare, future car and system-on-chip industries. This annual budget plan will be sent to the Ministry of Econom