The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. It looks highly likely that the BOK will both lower its growth forecast to the low 0%-range and cut the benchmark rate. In addition, noting the significant expansion of the third supplementary budge
The author is an analyst of NH Investment & Securities. He can be reached at hyundong.lee@nhqv.com. -- Ed. Innowireless enjoyed strong 1Q20 earnings growth on increased investment in 5G networks. In 2H20, expanding global (Japan/US/Europe) 5G investment and the arrival of a small cell supply cycle s
The South Korean government decided to promote frontloaded investment to help cash-strapped businesses at the 4th Emergency Economic Council Meeting held on April 8. The government itself will frontload its investments worth more than 3.3 trillion won in the first half, as well as provide an over 14
KT Corp. announced on April 8 that it has signed a memorandum of understanding (MOU) with Taiwan’s Far EasTone Telecommunications Co. Ltd. (FET) for collaboration in 5G services and digital content development.The Korean telecom company said that the signing ceremony was conducted online due to the
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. If the average Dubai crude price remains at US$30/bbl until end-1H21, KEPCO’s OP should recover to W3.7tn in 2020 and W7.4tn in 2021. Since power generation costs have declined following the rece
Global e-commerce platform Cafe24 is providing online store integration to three e-commerce markets Halfclub, Ogage, and Bori Bori through its "Multimarket Management" service.The newly connected markets each have distinctions in the fashion retail industry. Halfclub houses 4,000 brands on its platf
Cafe24 is expanding its sales channel offerings that e-commerce sellers can integrate with their online stores. Global e-commerce platform Cafe24 said on Sept. 4 that the Wemakeprice and Melchi Shopping online marketplaces were added to the list of sales channels offered through its Total Market Man
The Ministry of Trade, Industry and Energy said on Sept. 3 that South Korean companies are likely to take a serious hit from Japan’s export curbs with regard to nine import items.“When it comes to the nine items, South Korean companies are fully dependent on Japanese suppliers and finding an alterna
The government plans to issue Korea Treasury Bonds (KTBs) worth approximately 5.7 trillion won next month through auctions.The Ministry of Strategy and Finance announced on June 27 its plans for KTB issuance in July 2019 and results for KTB issuance in June. It will issue 3-year KTBs worth 1.15 tril
Global investment banking (IB) companies headquartered in Hong Kong, including J.P. Morgan, are visiting South Korea for talks with South Korean financial companies before the official auction for NXC Corp. starts. They are discussing a financing structure with local financial companies as the sale
Four foreign banks operating in Korea have been fined about 700 million won (US$618,921) for allegedly fixing prices in trading foreign derivative products worth more than 600 billion won (US$530.50 million) with South Korean conglomerates. The Fair Trade Commission (FTC) announced on Jan. 20 that i
A shortage in helium supply has been bringing difficulties to various industries, including the semiconductor, medical device, and so-called “root” industries."Even if you are willing to pay twice the normal price, you will have difficulty buying helium," said an official of the Korea High Pressure
Samsung Life Insurance, South Korea's biggest life insurer, plans to sell its property assets to raise capital. The insurer’s move is a response to the planned introduction of the IFRS 17 Insurance Contracts in 2021 and the financial regulator’ push to raise the risk weights for the stocks and r
Korea’s three mobile carriers have called on the government to provide support, such as tax benefits and easing the network neutrality rules, for commercialization of 5G services that is expected to cost up to 20 trillion won (US$18 billion) of investment over the next five years.While promising to
POSCO ICT announced on July 8 that the company would supply unmanned cranes and a crane control system to the continuous casting mill and hot rolling mill of Shougang Jingtang United Iron & Steel in Hebei Province, China.Global companies such as Schneider in Germany and Danieli in Italy participated
The dispute over high labor costs of Macquarie Korea Infrastructure Fund (MKIF), which makes a profit from its investment in 12 private sector-funded infrastructure projects, is escalating.The controversy was triggered by Platform Partners Asset Management Co. (PPAM), a Korean activist institutional
As the prosecution denied an arrest warrant for KT chairman Hwang Chang-gyu, KT could ease risks stemming from the absence of the CEO. The prosecution orchestrated an additional investigation, but it is unlikely that the police will apply for an arrest warrant again.The Special Investigation Departm
As the 5G frequency auction has ended, people’s attention is shifting to from which companies Korea’s three mobile carriers will buy equipment to build their 5G networks.In the telecommunication industry, a prospect is strengthening that the three mobile carriers will choose Huawei’s equipment as it
The frequency auction for fifth-generation (5G) networks has come to an end only two days after bidding started. While there were concerns that the final aggregate contract price could be excessively high due to a high starting price, which was set at 3.28 trillion won (US$2.97 billion), the actual
The advent of the next-generation 5G mobile telecommunication era is making Korean companies become increasingly vigilant against Huawei, a Chinese telecommunication company. Huawei is stepping up its efforts to expand its business in Korea. It is seeking to land orders for 5G telecom network equipm