The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.Started as a textile product manufacturer, DI Dongil has been striving steadily to diversify its business areas. In line, the values of its subsidiaries and assets are projected to be highlighted once
Lee Jae-Yong, Chairman of Samsung Electronics; Chey Tae-Won, Chairman of SK Group; and the heads of other top 10 Korea-based conglomerates are projected to visit Saudi Arabia next month.According to industry sources on Sept. 14, Won Hee-ryong, minister of land, infrastructure, and transport, is cons
Last month foreign investors experienced a net outflow of US$1.7 billion (2.26 trillion won) from their investments in domestic stocks and bonds, marking the first time in 7 months since January that such a substantial withdrawal has occurred. Both stocks and bonds saw capital leaving the market dur
The development of next-generation network (6G) commercialization technology and core components, with a budget of 440 billion won, is set to begin in earnest next year. Further, there’s an ambition to demonstrate pre-6G technology by 2026 and secure 30% of the 6G international standard patents, aim
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.US government and Fed seek to bring down inflation without a recessionThe US Fed is seeking to stabilize inflation at lower levels without a recession in hopes of avoiding a repeat of the 1970s. It has rai
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Spiking real interest rates undermine fiscal sustainability. The US government will try to pace its spending and ease supply pressures through the TGA account. However, investors have no incentive to
On Aug. 9 (local time), the U.S. federal government made a decision to regulate American capital investment in China’s advanced technology sector. This marks an escalation of the economic battle between the U.S. and China, expanding its front from trade and technology to the investment domain. This
The semiconductor battle between the United States and China is escalating. The U.S. has imposed sanctions on semiconductor exports to China, citing threats to national security, to which China responded by blocking exports of key semiconductor minerals. The U.S. is now considering restricting even
KT&G Corporation(“KT&G” or the “Company”) (KRX:033780), South Korea’s leading tobacco manufacturer, today announced financial results for the second quarter ended June 30, 2023. The Company also shared its robust shareholder return program, including interim dividend and share cancellation.For the 2
In the first six months of this year, the net issuance of Korean Paper denominated in foreign currencies by domestic residents, excluding the government, amounted to US$13.3 billion. This marks a significant increase compared to the previous year’s annual net issuance of US$11.4 billion. Furthermore
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.Due to a reported breach of Genians’ NAC solution, investor sentiment towards the firm has worsened, resulting in a share price plunge. However, no damage has been confirmed, and related business impa
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.July MPB meeting confirms BOK is in a bind, unable to raise or cut ratesThe Bank of Korea (BOK) unanimously decided to keep the base rate unchanged at 3.50% at the July Monetary Policy Board (MPB) meeting.
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Lowered expectations for US rate cuts, strong external headwinds for 3Q23US Treasury yields are unlikely to move lower in 3Q. The Silicon Valley Bank crisis and the ensuing financial market unrest that tri
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.SK Inc is expected to maintain solid fundamentals as a ‘professional value investor’ by reinforcing its new growth portfolios centered upon four major businesses and by strengthening shareholder
As Korean battery companies such as LG Energy Solution, Samsung SDI, and SK on head to the United States, they are faced with an unexpected problem –- the emergence of a local labor movement. They are pressuring Korean battery companies over wage negotiations. If the situation becomes prolonged, it
Bank of Korea Governor Lee Chang-yong had a surprise meeting with Pan Gongsheng, the current Chinese Communist Party Committee Secretary and head of the People's Bank of China (PBC) on July 3 ahead of U.S. Treasury Secretary Janet Yellen’s visit to China. The PBC actively publicized the meeting
The Korean government has requested the United States expand the list of recognized countries for battery minerals in connection with the electric vehicle tax credit in the Inflation Reduction Act. It also asked for clarification on the meaning of “foreign entities of concern (FEOCs)” from which bat
As the Korean insurance industry’s performances have improved this year, shareholders have much anticipation for an increase in dividends but insurers are hesitant to specify their dividend policies. This is because the introduction of the new accounting standard, IFRS17, and the new employee benefi
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.[US] Solid fundamentalsWe believe there is a possibility that the current Fed funds rate cycle may proceed differently from the ones seen in the past, due to the following reasons: 1) the US economy is now