The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. With Covid-19 continuing to spread, domestic passenger demand is slowing and yields are falling. In contrast, air cargo demand remained solid in July. In 3Q21, LCCs are expected to continue raising c
Korea Development Bank is under fire regarding the sale of Daewoo Engineering & Construction (Daewoo E&C).The labor union of Daewoo E&C is set to stage a strike in protest of KDB Investment’s poor handling of the sale process. Together with the Financial Services Commission (FSC), KDB is looking int
The National Assembly and the government of South Korea are accelerating the institutionalization of the cryptocurrency industry. The National Policy Committee of the National Assembly is currently deliberating on four cryptocurrency-related bills for controlling cryptocurrency businesses and protec
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Due to the recent resurgence in Covid-19, expectations towards a passenger demand recovery are being somewhat dampened. But, the mid/long-term direction for the recovery remains intact. Passenger dem
Although Korean Air has finalized its post-merger integration (PMI) plan after confirmation by Korea Development Bank (KDB), the timing of the integration is being delayed as the Fair Trade Commission (FTC) has extended its schedule for a review of its merger with Asiana Airlines.The FTC recently ex
The Financial Services Commission Chairman Eun Sung-soo said on July 1 that the commission would consider introducing an approval or registration system for cryptocurrency exchanges."The commission will examine the idea of introducing an approval system for coin exchanges, although there is no unifi
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. While there are concerns that rising raw material costs could erode COGS-to-sales ratios at constructors, we consider such worries as being somewhat overblown, noting that raw materials represent
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Cargo yields are on the rise again amid prolonged strong cargo volume. In April, airline passenger numbers turned upwards in response to low-base effects (y-y). With the Korean government saying it w
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Mirae Asset Securities reported 1Q20 NP close to its historic-high level, and the firm’s promissory note issuance proposal has been approved. The company’s valuations are appealing as its shares pric
Citibank Korea held a board meeting and discussed how to withdraw from the South Korean retail finance market. It examined the feasibilities of retail finance arm disposal as a whole, partial disposal, scale-down, and so on along with whether those violate the current law.The financial authorities a
The Financial Services Commission has decided to designate Lucentblock, a fintech startup, as an innovative financial service under a financial regulatory sandbox. The commission made the decision in a regular meeting on April 14. Under a regulatory sandbox, financial service providers can test out
Financial authorities will launch a full-fledged investigation into allegations that Hyundai Motor executives traded stocks using undisclosed information related to potential cooperation in Apple’s self-driving car project.The Korea Exchange had conducted a review of the allegations since February a
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Last month, IIA’s international cargo volume hit a record high. Also in March, domestic passenger demand recovered up to 94% of the 2019 average. Concerns over a re-proliferation of Covid-19 have rai
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Over 2H21~2023, the air trans industry should see an ongoing recovery of passenger demand. Amid industry restructuring, we suggest focusing on airlines with the ability to expand M/S. Believing that
The governance structure of Taekwang Group is being shaken as the Financial Services Commission (FSC) told former Taekwang Group chairman Lee Ho-jin, who is the largest shareholder in Goryo Savings Bank with a shareholding of 30.5 percent, to sell his shares.The FSC told him in December last year to
Korea Exchange has launched an investigation into the allegations that Hyundai Motor Co.’s executives earned illegal gains in trading the company’s stock by using undisclosed information regarding the Apple car project.Korea Exchange's Market Monitoring Committee assigned the case to inspectors
The Securities and Futures Commission of the Financial Services Commission announced the result of its short selling investigation on Feb. 24, imposing a fine of 685 million won on 10 foreign securities companies for having violated relevant rules between January 2018 and July 2019.Some of the compa
Financial authorities have expressed their intention to look into the allegation that Hyundai Motor Group executives took unfair profits using undisclosed information with regard to Apple's development of self-driving electric vehicles."If there is a problem, we will take proper action,” said Eu
Whether to extend the ban on short selling will be decided in February. The ban is slated to come to an end on March 15. Controversy is heating up over the resumption of short selling amid opposition from politicians and individual investors who assert that short selling only gives advantages to for
Financial Services Commission Chairman Eun Sung-soo remarked on Jan. 18 that the expiration of the temporary short selling ban scheduled for March 15 is yet to be finally determined.“The decision is to be made at the commission’s nine-member committee meeting and no one in the commission can conclus