Hana Bank said on June 10 that it has successfully issued US$600 million worth of ESG bonds.The bank’s ESG bonds are a combination of green bonds and social bonds. They are the first US dollar-denominated public offering bonds that the bank issue since it issued US$600 million worth of public offeri
National Pension Service (NPS) and Korea Investment Corporation (KIC) decided to make a joint investment of US$600 million in GLP Capital Partners’ US$2 billion fund for investment in the logistics and real estate sectors.The assets under management of NPS and KIC amount to 860 trillion won and 205
Naver and Kakao have acquired North American web novel content platforms, starting a full-scale web content platform war.Naver announced on May 11 that it has completed the acquisition of the world's largest web novel platform "Wattpad." The company’s board of directors decided to acquire Wattpa
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. Spurred by the Covid-19 crisis, Samsung Biologics has successfully shortened the period from technology transfer to sales recognition. Going forward, we predict that this period will also be chopped
Clarkson Research reported on March 10 that orders for 92 new ships equivalent to 2.82 million CGT were placed worldwide last month and South Korean shipbuilders won those for 43 ships adding up to 1.56 million CGT.“The orders include seven very large crude carriers and five A-Max tankers, all of wh
Daewoo Shipbuilding & Marine Engineering announced on Feb. 16 that it signed a contract with a European shipowner to supply four container ships.The total value of the contract is 486.3 billion won and the ships will be delivered by September 2023.This year, Daewoo Shipbuilding & Marine Engineering
Samsung Heavy Industries announced on Feb. 4 that it has won an order for two 13,000-TEU container ships worth 230 billion won from a client in Oceania. The vessels will be delivered sequentially starting in the first quarter of 2023.The new ships are eco-friendly vessels featuring a selective catal
Incheon Free Economic Zone (IFEZ) Authority announced on Feb. 2 that it has established a comprehensive plan to attract US$600 million in foreign direct investment (FDI) in 2021.In order to attain its goal, IFEZ Authority has set up three major strategies and 15 tasks. The three major strategies are
Naver announced on Dec. 20 that it will acquire a 100 percent stake in the world's largest web novel platform Wattpad for about US$600 million.Wattpad is the world's largest social storytelling platform where more than 90 million users spend 23 billion minutes per month. More than 1,500 work
The South Korean government is planning to increase the scale of the Economic Development Cooperation Fund (EDCF) to 3.4 trillion won this year, 3.6 trillion won in 2022 and 3.8 trillion won in 2023. At least 60 percent of the fund is scheduled to go to Asian countries.The scale is planned to reach
South Korea put up a good fight in exports of flagship items such as semiconductors and automobiles despite the COVID-19 pandemic. The nation also fared well in exports of new growth engines such as bio-health, hydrogen and electric vehicles.The Ministry of Trade, Industry and Energy said on Dec. 8
The Federation of Korean Industries predicted on Dec. 3 that South Korea would become the world’s fifth-largest exporter in seven years. Two years ago, South Korea reached US$600 billion in exports behind the United States, Germany, China, the Netherlands, France and Japan.According to the federatio
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. In terms of financing cost, the US government’s debt burden has fallen 9% y-y. For now, we judge that economic concerns warrant more attention than debt increase, believing that additional fiscal st
The international division of labor in the electronics and information and communications technology (ICT) sectors is cracking as U.S.-China disputes are becoming more and more intense. With the two superpowers raising their barriers by making astronomical investments, South Korean companies are bei
Mirae Asset Management announced that its U.S. ETF operator Global X listed an exchange-traded fund (ETF) investing in global telemedicine and digital health-related companies on NASDAQ on July 30 (local time).Telemedicine is rapidly expanding after the spread of the COVID-19 virus. This sector is e
The authors are strategists of NH Investment & Securities. They can be reached at tedoh@nhqv.com and julie.cho@nhqv.com, respectively. – Ed. New policy measures required, as effects from current Covid-19 relief schemes are to fade after JulyA number of emergency measures put in place under the CARES
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. The size of the Republican-controlled Senate’s additional stimulus package will likely be smaller than that proposed by House Democrats (US$3.4tn). Given concerns over a reduction in subsidies (from
Shinhan Financial Group and Hana Financial Group will join hands with Carlyle Group of the United States to invest in global infrastructure.Shinhan Alternative Investment Management Co. and Carlyle Co., Ltd. are to establish US$600 million Shinhan-Carlyle Infra Credit Fund on July 13. The fund will
SK Engineering & Construction (E&C) announced on July 7 that it has signed an engineering service agreement with Uzbekistan's state-run oil and gas corporation Uzbekneftegaz (UNG) for a US$600 million project to modernize Bukhara Oil Refinery. The contract value is US$7.2 million.SK E&C and UNG
The authors are strategists of NH Investment & Securities. They can be reached at tedoh@nhqv.com and julie.cho@nhqv.com, respectively. -- Ed. US real economy looks to have hit bottom, but full-fledged recovery yet to materializeThe New York Fed’s Weekly Economic Index (WEI) arrived at -11.5% at end-