Cleveland Avenue, a prominent Chicago-based venture capital firm specializing in investments within lifestyle consumer brands and pioneering technology companies that positively disrupt large and growing markets, hosted CA Tech X Asia in collaboration with Shinsegae at The Devil's Door in Seoul toda
YG Entertainment’s stock price is plummeting amid a rumor that the company will fail to re-sign Blackpink member Lisa.At 10:57 a.m. on Sept. 15, YG Entertainment was trading at 73,700 won per share, down 8,000 won (9.79 percent) from the previous day. Foreigners and institutions were selling.Earlier
Authorities of the Korean Intellectual Property Office (KIPO) will crack down on fake Blackpink merchandise for fans present at the local Blackpink concert.KIPO said it will crack down on counterfeit merchandise related to the girl group at the “Blackpink World Tour Finale Concert,” which will be he
Recent data shows that South Korea’s top revenue-generating corporations have collectively invested a total of 4.5 trillion won (US$3.38 billion) in stakes in other companies, including ventures and startups, over the past 2 years and 6 months. The sector that received the highest concentration of i
YG Entertainment announced on Sept. 5 that the mobile game based on girl group BLACKPINK’s brand, “BLACKPINK The Game,” saw its OST “THE GIRLS” rise to #1 on the iTunes song chart in 30 countries.BLACKPINK released THE GIRLS on Aug. 25. The song carries a message about a courageous and independent l
Fundamental solutions such as shared growth of content and platforms and global distribution of videos and films are needed in order to improve the competitiveness of the Korean media industry, which is facing a crisis due to the rise of global over-the-top (OTT) service providers such as Netflix. T
Samsung Electronics and LG Electronics have expressed differing views on microLED TVs, super-premium large TV models priced at over 100 million won. While Samsung pinpoints microLED as its next strategic display, LG points out its limitations, emphasizing the growth potential of Organic Light Emitti
A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
Korean entertainment agency Attract has succeeded in securing investment from Singapore’s Evergreen Group Holdings.The company announced on Aug. 31 that it has received a major investment from Evergreen Group Holdings. The exact amount of the investment has been kept under wraps.Evergreen Group Hold
Samsung, along with SK, Hyundai, and LG, the four major conglomerates, are set to rejoin The Federation of Korean Industries after a hiatus of 6 years and 8 months.According to industry sources on Aug. 20, Samsung, after taking into consideration the recommendation for a “conditional rejoining” from
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Earnings hit a new high in 2Q23JYP Entertainment set new record-high earnings with sales of KRW151.7bn (+124% YoY) and operating profit of KRW45.7bn (+88% YoY) in 2Q23. Both sales and operating profit f
With the rapid paradigm shift towards electric and autonomous vehicles, the demand for advanced high-performance semiconductor products has surged, moving away from legacy processes.According to industry sources on Aug. 13, competition is intensifying in the automotive semiconductor market for proce
As the transition from Liquid Crystal Displays (LCD) to Organic Light Emitting Diodes (OLED) in vehicle displays is expected to take place, K-Display, holding over 90% market share, has solidified its position, while Chinese competitors are engaging in pursuit.According to industry sources on Aug. 9
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.We anticipate the unveiling of specifics regarding Kakao’s AI business model from October. The expansion of advertising in open chat and the Friends Tab should be a key point in the firm’s earning
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We raise our TP on SM Ent to W170,000. With the full-fledged launch of the SM 3.0 era, the frequency of the firm’s new releases has increased, and sales volume per album is on the rise. Accordingly,
It has been found that the foreign ownership percentage of top market capitalization stocks has increased this year. Notably, foreign investors have extended their financial commitments into the domains of defense and construction.According to data released by the Korea Exchange on Aug. 2, the numbe
Kakao Entertainment announced on Aug. 1 that it has integrated the roles of Kakao Entertainment America and SM Entertainment USA to launch a new corporation.The new corporation will oversee the overseas advancement and development of new intellectual property (IP) for artists from both companies. It
KB Kookmin Bank has announced its participation as a title sponsor in co-hosting SMTOWN LIVE 2023 with SM Entertainment in Jakarta, Indonesia.“SMTOWN LIVE 2023 SMCU PALACE @JAKARTA with KB Bank” will be held on Sept. 23 at 6:30 p.m. (local time) at the Gelora Bung Karno Main Stadium in Jakarta, Indo
Foreign investors showed a substantial net sell-off of approximately 1.35 trillion won (US$1.06 billion) in the equity market. Despite the foreign selling pressure, the market experienced a slight uptick, primarily driven by robust net buying from individual investors.According to Korea Exchange on
The investigation into allegations of stock price manipulation during Kakao’s acquisition of shares in SM Entertainment is gaining momentum.Financial Supervisory Service (FSS) Chairman Lee Bok-hyun met with reporters at a Shinhan Card event held at Shinhan Card's headquarters in the Jung distric