Ottogi has been sustaining sales with overseas revenues exceeding 270 billion won in 2021.Ottogi is expanding its global operations and developing products suitable for different countries’ characteristics. In particular, Ottogi’s Soft Cheese Ramen is being exported to over 60 countries and is widel
HK inno.N announced on July 10 that it has formally launched K-CAB (Tegoprazan), a new drug for gastroesophageal reflux disease, in Indonesia.The Indonesian product name is TEZA, and Kalbe, a large pharmaceutical company in Southeast Asia, is responsible for local marketing and distribution.Kalbe ac
Propelled by the acceleration of the next generation of K-Beauty players, South Korea’s cosmetic exports have surpassed 10 trillion won for two consecutive years.According to the Ministry of Food and Drug Safety on July 6, domestic cosmetic companies’ exports last year were 10.2751 trillion won (US$
The Korea Water Resources Corporation (K-water) announced that it held the 4th General Assembly of the Asia Water Council (hereinafter referred to as AWC) at the K-water Songsan Global Education and Research Center in Hwaseong, Gyeonggi Province on July 6, to discuss solutions to Asia’s water issues
As the trend of de-sinicization rises across industries in Korea, Altasia is emerging as an alternative to China.The Korea Chamber of Commerce and Industry (KCCI) released the results of its study on changes in the global trade structure and countermeasures on July 5, revealing that 14 Asian countri
Taiwan has proposed forging a Northeast Asian cruise federation to the South Korean government.The Korean Ministry of Oceans and Fisheries held a closed-door meeting in Taiwan last month with the Taiwanese port industry, including Taiwan International Ports Corporation (TIPC) and International Cruis
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Reflecting concerns toward intensifying competition in the domestic liquor market, we lower our TP on Lotte Chilsung. But, considering both an anticipated earnings uptrend following consolidation of ea
The International Monetary Fund (IMF) has warned of possible corporate debt distresses in Asian countries, singling out Korea as becoming one of the most vulnerable if high interest rates persist.In its report on corporate debt in Asia on May 29, the IMF aggregated by country the percentage of total
The Indo-Psacific Economic Framework (IPEF), a U.S.-led economic cooperative formed to counter China, has released its first significant result: a supply chain agreement involving 14 participating countries. The main aspect of this agreement is a joint response by the participating nations to supply
Samsung Electronics is expected to hold its new smartphone model unpacking event in Korea. The company is speeding up the diversification of its Asian strategy amid a U.S.-China trade conflict and sluggish demand for information technology (IT) products in China, which has led to a companywide decli
The European Union (EU), currently reviewing the merger of Korean Air and Asiana, has once again expressed a negative opinion.According to Korean Air and other sources on the 18th, the EU Commission released an examination report the day before, stating concerns about price increases and service qua
Korea Midland Power (KOMIPO) said that it explored the Philippine power market with nine excellent partners for three days from May 2 to 4.KOMIPO’s market development team held a technical seminar and a one-on-one purchase consultation session with officials from FDC Power Plant under Filinvest Grou
Korea Agro-Fisheries & Food Trade Corporation announced on April 25 that 124 South Korean restaurant companies entered 35 overseas markets with 141 brands and 3,833 stores in the second half of last year. Compared to the same period of the previous year, the numbers of companies, brands and stores i
An increasing number of governments are controlling the supply of EV battery minerals such as lithium and nickel.The examples include Chile. The Chilean government announced on April 20 that its lithium industry would be nationalized. Chile has the largest lithium reserves and is the second-largest
Several A330 aircraft owned by Korean Air made emergency landings on three occasions in the second half of last year for reasons such as engine problems. This time, it caused inconvenience to passengers again. The aircraft was carrying about 200 passengers, nine crew members, and two captains.Accord
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.In the first month of the game’s global launch, Com2uS has enjoyed strong sales of Summoners War: Chronicles. The key is to be whether this initial hit has staying power in the global market.Summon
Daewoong Pharmaceutical announced on March 14 that its product Fexuclue (ingredient name: fexuprazan HCl), a treatment for gastroesophageal reflux disease, obtained a drug license from the Agencia Nacional de Medicamentos, or ANAMED, under the Chilean Public Health Institute on Feb. 20.This marked t
The weight of overseas orders to Korean construction companies is shifting from the Middle East, a traditional strong source of contracts, to Asia.According to the International Contractors Association of Korea on Feb. 22, Asian orders were the largest at about US$12.2 billion among total overseas o
KT announced on Feb. 28 that it signed a memorandum of understanding (MOU) on forging a strategic partnership in developing the DX business in the Philippines with Converge ICT Solutions, a Philippine Internet Service Provider (ISP), at MWC 2023 Spain on Feb. 27.A ceremony was held in honor of the s
Korea Aerospace Industries (KAI) will export 18 FA-50 light fighters worth 1.2 trillion won to Malaysia. The Korean defense contractor is rapidly entering the Southeast Asian market as it has already exported the fighters to Indonesia, the Philippines and Thailand.KAI signed a US$920 million contrac