Major KOSPI-listed companies, i.e. those with 10 trillion won or more in assets or a high proportion of foreign investment, must disclose important information in English starting next year.The Financial Services Commission and the Korea Exchange revised rules on March 29 to phase in mandatory discl
Korean battery companies breathed a sigh of relief after examining the detailed guidelines of the IRA released by the U.S. Treasury Department on March 31 (local time). This is because according to the guidelines, they will be able to continue their current processes and still receive subsidies unde
Hyosung Heavy Industries recently announced that it achieved 3.5101 trillion won (US$2.6752 billion) in sales and 143.2 billion won (US$109.1 million) in operating profit in 2022 thanks to a surge in global demand for power generation equipment. This represented an increase of 23.1 billion won (US$1
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.We expect LGE to post sound 1Q23 results on cost reduction effects. Full-fledged earnings expansion looks possible in 2H23 alongside expected stronger demand and decreased automotive electronics cos
Huawei released its 2022 Annual Report on March 31. The company reports steady operations throughout 2022, having generated CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen investment in R&D, with an annual expenditure of CNY161.5 billion in 2022, repres
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.In Jan 2023, the number of unsold apartments nationwide was 75,359. After having dropped to as low as 13,842 units in Sept 2021, the figure has now broken the previous record high (2013) in just 16
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Global Tax Free is the domestic leader in the domestic refund agency market. It improved its P/L structure during the Covid-19 crisis by slimming workforce. An earnings turnaround is expected
The author is an analyset of NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.H.PIO specializes in health functional food manufacturing and brand marketing. Denps, a premium brand, is expanding its product portfolio focusing on vitamin products. In addition to its solid main bu
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Although quarterly operating losses have continued since 1Q22, the launch of new games not only in Korea but also overseas (especially in China upon gaining publishing rights from China’s National
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.LG Corp is expected to strengthen its business portfolio, using its net cash holdings of W1.6tn for M&As and CVC establishment. Over the mid/long term, we expect share buybacks to continue. DPS s
The South Korean Supreme Court's final ruling in 2019 in favor of those forced to labor during the Japanese occupation led to a serious deterioration of Korea-Japan relations.To improve relations with Japan despite public opposition, President Yoon Suk-yeol formulated a proposal for third-party
Hyun Jeong-eun, chairwoman of Hyundai Group, lost the final lawsuit against Schindler Group, a multinational elevator company and Hyundai Elevator's second-largest shareholder.The Supreme Court of Korea announced on March 30 that it upheld a lower court ruling in favor of some of the plaintiffs
At the beginning of 2023, the three major Korean battery makers have been cruising with high growth rates compared to the previous year. However, as Chinese companies showed explosive growth, LG Energy Solution was pushed down to third place.According to SNE Research on March 30, total batteries in
Errors occurred in Samsung Pay, a simple payment service for Samsung Galaxy users, causing inconvenience to consumers.“A software error occurred during an app update process,” Samsung Electronics said.According to industry sources on March 30, complaints that Samsung Pay was not running were posted
Trade, Industry and Energy Minister Lee Chang-yang met with the CEOs of Japanese high-tech materials companies ins Seoul on March 30 to discuss more mutual investment and cooperation.There, Toray Advanced Materials said that it is considering increasing investment in South Korea regarding high-perfo
The United Kingdom is expected to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) on March 31. With China, Taiwan, Ecuador, Costa Rica, Uruguay, and other countries expected to join it, the members are trying to determine how to negotiate with China and Taiwan.The 11 members
Foreign direct investment (FDI) in South Korea reached a record high of US$30.45 billion last year. The Ministry of Trade, Industry and Energy had a meeting with 10 foreign-invested companies on March 30 to discuss how to further improve investment environments.In the meantime, the Korea Chamber of
The Korea Customs Service announced on March 30 that exports of instant noodles hit an all-time high of US$862 million last year, up 12 percent from a year earlier.The exports have broken the previous record every year since 2014. The exports were US$147 million in January and February this year, up
The semiconductor industry and business community welcome the so-called K-Chips Act, which was passed by the National Assembly plenary session on March 30.According to the amendment to the Act on Restriction of Special Taxation, the tax deduction rate for capital investment in national strategic ind
SK On, a battery arm of the SK Group, will go ahead with having an IPO in 2025 at the earliest. In order to protect the shareholder value of SK Innovation, its parent company, SK On, has also come up with a plan to minimize opposition from existing shareholders by studying the possibility of an exch