Minister of Trade, Industry and Energy Lee Chang-yang made a remark in a national strategy development meeting to sharpen the Korean secondary battery industry’s competitiveness. At the meeting on April 20, presided over by President Yoon Suk-yeol, Lee laid out a bold and surprising plan, saying tha
Pernod Ricard Korea, the Korean unit of the wine and spirits company Pernod Ricard, has been operating annual digital campaigns since 2020 as a means to promote responsible drinking. The company has been working to provide consumers with simple tips for responsible drinking that can be easily practi
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.At GS Retail, convenience store OP likely slid y-y in 1Q23, affected by one-off high-base effect related to self-testing kits. However, consolidated earnings should show significant improvement thanks t
Huawei kicked off its 20th annual Global Analyst Summit (HAS) today in Shenzhen. The summit was attended by more than 1,000 industry analysts, financial analysts, key opinion leaders, and media representatives from around the world, who gathered to discuss the status of the ICT industry, including d
The author is an analyst of Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Top-line growth continues for a second straight monthRecovering sharply from the impact of an earlier-than-usual Lunar New Year holiday in January, top-line growth continued across the board in Ma
While an inheritance dispute has broken out between members of the owning family of LG Group, LG’s stock prices were shaken as an activist fund made a surprise appearance as a major shareholder.On April 12, LG closed at 93,500 won (US$71.18), posting a 9.48 percent (8,100 won) increase. Institutiona
The author is an analyst of Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Paid subscribers growing at a fast rateDearU Bubble, the global fan community platform operated by Dear U, is seeing rapid growth in the number of paid subscribers. The figure increased 26% QoQ from 1.7m
Errors occurred in Samsung Pay, a simple payment service for Samsung Galaxy users, causing inconvenience to consumers.“A software error occurred during an app update process,” Samsung Electronics said.According to industry sources on March 30, complaints that Samsung Pay was not running were posted
As a gateway to Korea, Incheon is a city open to the world as it boasts both Incheon Port and Incheon International Airport. It is growing into a world-class city with a population of 3 million, including wide plains and mountains, the sea, and numerous islands large and small. Business Korea conduc
Samsung Electronics is paying keen attention to the impact of phone-based payment service Apple Pay on the simple payment market following its launch in Korea. This is because the Apple iPhone’s share may grow in the Korean smartphone market as Apple Pay will compete with Samsung Pay, which has appe
As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition is heating up between Korean and Chinese shipbuilders about which is taking more shipbuilding orders. Until now, Korea has been leading the high value-added eco-friendly ship market, but Chinese shipbui
The following are excerpts from an interview with Myeong Seong, CEO of SK Earthon, about the company’s plans to become a “carbon neutral company” after 40 years of leading the Korean resource development industry.Q: Through an interview at CES 2023, you remarked that this year SK Earthon is going to
Samsung Electronics announced on Feb. 23 that it has secured a standardized 5G non-terrestrial networks (NTNs) modem technology for direct communication between smartphones and satellites.The company plans to integrate this technology into the company’s Exynos modem solutions, accelerating the comme
Hanwha Aerospace announced on Feb. 22 that it has invested a total of US$17.8 million in Fortem Technologies together with Lockheed Martin of the United States through a simple agreement for future equity (SAFE).A SAFE is an agreement between an investor and a company where the investor provides a c
With the launch of Apple Pay in Korea imminent, Naver Pay and Samsung Pay which rank first in the online and offline payment markets, respectively, are forging an alliance, signaling a seismic change in the simple payment market in Korea.Samsung Pay services will become available at online merchants
Apple Pay is about to enter the South Korean market, and the possibility is increasing that Samsung Electronics may turn Samsung Pay into a paid service.The financial authorities recently said that Apple Pay fees of 0.1 percent to 0.15 percent can be imposed on not only consumers and stores but cred
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed.Korea Shipbuilding & Offshore Engineering: Massive net losses on unfavorable FX effects— KSOE posted 4Q22 K-IFRS consolidated revenue of KRW4.94tn (+10.9% YoY) and OP of KRW117.1bn (TTB YoY; 2.4% OPM). — Revenue m
Pluglink, an electric vehicle (EV) charging platform, announced on Feb. 7 that it signed an investment agreement with KDB KIAMCO, the largest alternative asset manager in Korea, for a total of 15 billion won for EV charger assets.Pluglink, acknowledged for its specialty in finance, introduced altern
Samsung Biologics, a leading contract development and manufacturing organization (CDMO), has received the Sustainable Markets Initiative’s Terra Carta Seal, the company announced on Jan. 11.The Terra Carta Seal, launched at COP26 by His Majesty King Charles III when he was Prince of Wales, recognize
The authors are analysts of Shinhan Securities. They can be reached at krpark@shinhan.com and mw.choi@shinhan.com, respectively. -- Ed. 4Q OP to miss market expectations at KRW701.9bn (-24% QoQ)We now expect POSCO Holdings to post sales of KRW19.6tr (-7.6% QoQ) and operating profit of KRW701.9bn (-2