As demand for clean energy is expected to soar in the post-COVID-19 era, Korean business groups are investing massively in hydrogen-related businesses.Hyundai Motor, Hanwha, GS, Doosan and Hyosung Groups are leading corporate investment in hydrogen. The Korean government also plans to foster 500 spe
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Initiate coverage with BUY and target price of KRW110,000 We initiate coverage of KT&G with a BUY rating and TP of KRW110,000 (13.1x 12m fwd implied P/E, 1.87x P/B). We estimate 2019-22 CAGR OP of 4.6%. Our D
Hanwha Group appointed Kim Dong-kwan, the eldest son of group chairman Kim Seung-yeon, the president of Hanwha Solutions on Sept. 28. The junior Kim had been a vice president and head of the Strategy Division of the company. The group appears to be speeding up father-to-son management succession.The
Hyundai Motor has confirmed its plan to commercialize hydrogen trucks in the U.S. market in 2022. Amid growing suspicions surrounding the technological prowess of U.S. hydrogen carmaker Nicola, Hyundai Motor seems to be making a quick move to dominate the North American hydrogen commercial vehicle m
The market has showed mixed responses to Nikola, a U.S. hydrogen electric car startup nicknamed “a second Tesla." Some call Nikola an “innovative company" but others view it as “an intricate fraud built on dozens of lies.” These opposite reactions are making Korean companies including LG Chem and Ha
The prosecution is likely to determine soon whether to indict Samsung Electronics vice chairman Lee Jae-yong. Samsung Group’s concerns are mounting as the indictment will hinder its new business creation and investment in the semiconductor industry.The group has undergone a number of investigations
The Seoul Central District Prosecutors' Office requested an arrest warrant for former Kolon Group chairman Lee Woong-yeol on charges of violating the Pharmaceutical Act, fraud and breach of trust.The prosecution has been investigating allegations surrounding Invossa K, a gene therapy drug for os
Samsung Electronics vice chairman Lee Jae-yong's arrest warrant has been rejected, but whether a committee of external experts will be convened to determine his indictment will be decided on June 11. A citizen prosecutorial committee convenes in the day to decide on whether to transfer Lee’s cas
The authors are analysts of KB Securities. They can be reached at jeff.kim@kbfg.com and goun.whang@kbfg.com, respectively. -- Ed. Seoul Central District Court rejects prosecutors’ request for arrestThe Seoul Central District Court rejected South Korean prosecutors’ request to arrest SEC Vice Chairma
The Seoul Central District Court said on June 4 that it will review the arrest warrant for Samsung Electronics vice chairman Lee Jae-yong at 10:30 a.m. on June 8.The court's decision on whether to arrest Lee is expected to come out late in the day or early next morning.The court will also review
Prosecutors investigating suspicions surrounding the merger of Samsung C&T and Cheil Industries and the succession of Samsung Group’s management control requested on June 4 an arrest warrant for Samsung Electronics vice chairman Lee Jae-yong.The Seoul Central District Prosecutors' Office filed a
Samsung Electronics vice chairman Lee Jae-yong has asked the Seoul Central District Prosecutors’ Office to convene an investigation deliberation committee in relation to his investigation regarding the merger between Samsung C&T and Cheil Industries and management succession. Accordingly, his indict
Mirae Asset Group announced on May 21 that it has submitted its answer and counterclaim to Anbang Insurance’s claim in a suit filed by the Chinese insurer over a US$5.8 billion hotel deal.In the answer document submitted to the Delaware Equity Court in the United States on May 20 (local time), Mirae
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. 1Q20 consolidated OP misses consensus at KRW315bn (-9.5% YoY)KT&G posted consolidated sales of KRW1.18tr (-0.6% YoY) and operating profit of KRW315bn (-9.5% YoY) for 1Q20. Sales came in line with our
While financial crimes through voice phishing are still rampant, Samsung Card has succeeded in developing a detection system for voice phishing using machine learning techniques. Although there has been a fraud detection system (FDS) using artificial intelligence (AI) technology, Samsung Card has be
BMW Korea has effectively won an administrative lawsuit it has filed against the 62 billion won (US$53 million) fines imposed by the Korean government for its fabrication of emission certification documents or its failure to report changes in emission test reports.The Seoul Administrative Court told
Europe has an ancient cheese-making scene that is considered one of the richest and most original in the world. Its numerous milk-based traditional specialties are unique treasures that encapsulate the excellence of European food and agriculture. They are renowned not only due to their variety, qual
The dispute settlement committee of the Financial Supervisory Service (FSS) has told banks to compensate investors in their derivatives-linked fund (DLF) products for up to 80 percent of the losses. The reimbursement rate is the highest since the Dong Yang fiasco in 2014.The FSS said on Dec. 5 that
Korea’s cryptocurrency industry is making all-out efforts to build an anti-money laundering (AML) system to comply with the recommendations of the Financial Action Task Force (FATA) that go into effect in June 2020.The inter-governmental watchdog asks cryptocurrency exchanges and virtual asset servi
The nation has been split into two groups, and the conflict and confrontation between them are getting worse without being addressed by politics as a system. The President is at the center of the conflict and division, and the politics of division in the streets is taking the place of systemic party