The fate of the 11Street (11st) platform hangs in the balance as its planned Initial Public Offering (IPO) becomes uncertain, leading to speculations of a potential sale. The inability to complete the IPO within the timeline promised to investors has led SK square to consider divestment as an altern
SK ecoplant, an environment and energy firm, has secured a contract to provide solid oxide fuel cells (SOEC) to a data center power supply system under construction in Singapore by GDS, China’s largest data center development and operation company.On September 4, SK ecoplant announced its contract w
Coupang Play, the fastest-growing OTT service in Korea, has completed its executive reinforcement within the engineering organization and is accelerating its efforts to enhance the product experience. The executives appointed by Coupang Play are Rohit Puri, Head of Engineering, and Sekwon Choi, Head
Seoul Sisters participated in KCON LA 2023 and, at the same time, they are actively targeting the US market. Seoul Sisters, who are targeting the global market starting with Amazon, plan to accelerate their entry into the US mainland by expanding offline channels after KCON LA 2023.Seoul Sisters has
A lot of attention is being paid to whether ARM, a British fabless company and subsidiary of SoftBank, which is led by Chairman Masayoshi Son, will be able to succeed in going public in the United States with support from major global companies such as Samsung Electronics, Apple, and Intel.According
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.2Q23 review: Booking of mostly one-off costs already knownAmorepacific posted 2Q23 consolidated sales of KRW945.4bn (flat YoY) and operating profit of KRW5.9bn (positive swing YoY). Sales came in line with
The demand for high-performance memory semiconductors essential for AI chips is experiencing explosive growth due to the escalating demand for AI chips among global tech companies involved in the cloud server business. Consequently, there are high expectations for the upcoming business prospects of
As Japan has set a national goal of “Semiconductor Leadership Recovery,” it is pouring a significant investment into semiconductor company Rapidus. However, Rapidus has recently run into an “emergency to secure profitability.” The company set a goal to mass-produce advanced 2-nanometer semiconductor
Medytox announced on July 19 that it has signed a supply contract with Vietnamese local distributor PCVN for Neuraderm. PCVN, with over 500 hospitals and spas across Vietnam as its main points of sale, is a medical device and cosmetics distributor that supplies its own brands and partner company pro
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.We now expect Amorepacific to post consolidated operating profit of KRW50.3bn (positive swing YoY) on sales of KRW988.2bn (+5% YoY) for 2Q23, falling short of our previous forecasts by a wide margin. While
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.YLAB is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Schooled, Reality Quest, and Study Group on NAVER Webtoon. Some of these stories are set in a share
Nvidia’s stock price has nearly doubled since the beginning of the year due to the artificial intelligence (AI) craze. Therefore, the U.S. semiconductor company surpassed US$1 trillion (about 1,275 trillion won) in market capitalization at the close of trading on June 13 (local time), becoming the s
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
TmaxSoft, a leading system software company, announced on June 1 that it has been selected as a partner for Amazon Web Services' “AWS ISV Accelerate Program.”The AWS ISV Accelerate Program is a co-sales program for companies that provide solutions running on or integrated with the AWS cloud. Par
Following China, the United States has also cut back on Korean semiconductor imports.Korean semiconductor exports to the United States fell 68.6 percent year on year in April, according to a report on the characteristics and implications of Korea’s semiconductor demand structure released by the Bank
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.As the global number-one satellite antenna provider, Intellian Tech enjoys sound earnings growth in line with global VSAT market expansion. Its earnings growth should accelerate further going forward
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Nasmedia registered an earnings shock for 1Q23 on heavier-than-expected damage to core business earnings amid an economic slowdown. Reflecting such, we lower our TP to W30,000, but stick to a Buy ra
A number of high-profile mergers and acquisition (M&A) deals were made in the entertainment industry recently. Kakao and HYBE's investment in SM Entertainment is a recent good example.Korean showbusiness companies are partnering with blockchain platforms for metaverse platforms or the non-fungib
According to its first-quarter earnings report filed with the U.S. Securities and Exchange Commission (SEC) on May 10, Coupang reported sales revenue of US$5.53 billion in the first quarter of 2023. The figure represented an increase of 13 percent from the same period of 2022.“The reason why Coupang
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 operating profit meets expectationsClio Cosmetics posted consolidated operating profit of KRW5.2bn (+44% YoY) on sales of KRW75bn (+14% YoY) for 1Q23, meeting our estimate and the market consensus. Sa