The combined capacity of renewable energy facilities in South Korea topped 30 GW this year. This is desirable in terms of reducing the use of fossil fuels to achieve carbon neutrality.One problem is that renewable energy sources do not guarantee constant power generation in all hours and weathers, a
The Ministry of Land, Infrastructure and Transport announced on Dec. 1 that foreigners owned 0.26 percent of South Korea’s territory at the end of the first half of this year. It is 260,747,000 square meters in area and 32.455 trillion won in appraised value.In six months, the ratio increased by 0.5
The Ministry of Land, Infrastructure and Transport announced that a self-driving mobility service was launched in Jeju on Nov. 3.The service on the coastal roads near the airport of the island and in and around its Jungmun Tourist Complex is free until next year. The same service is scheduled to be
GXC, a leading global solution of the video game industry, has launched Round Ventures, its new US$40 million plus venture fund focused on investing in early stage games startups. The fund will invest in promising video game developers and video game related companies to help fuel their growth while
A Korean Air passenger plane with 162 passengers on board deviated from the runway at Cebu International Airport in the Philippines on Oct. 23. Korean Air said no one was hurt in the accident, which was caused by a brake system failure.The Korean Air flight KE631 veered away from the runway, overran
The Ministry of Trade, Industry and Energy announced on Sept. 29 that a 12.5 mW green hydrogen demonstration project would be launched in Jeju. According to the ministry, a total of 62 billion won will be invested in the project, which is scheduled to end in March 2026.The goal of the project is to
Both large and non-large companies are increasing their cash holdings in a hurry with economic conditions deteriorating.Major enterprises are postponing investments while selling real estate assets. KAL Hotel Network sold its Jeju KAL Hotel for 95 billion won in August, when Mando sold its Pangyo Gl
Korea's first air taxis are expected to offer their services on Jeju Island in 2025. K-UAM Dream Team Consortium, consisting of SK Telecom, Korea Airports Corp. and Hanwha Systems, are planning to provide a commercial urban air mobility (UAM) service on Jeju Island three years later.The consorti
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Daedong Corp has invested in smart farm and smart mobility businesses in addition to its farm equipment business. The company is forecast to evolve into a full-fledged smart farm player, backed by
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Jeju Air’s liquidity woes have eased on an inflow of advance deposits and borrowings amid a rebound in passenger demand. However, its earnings recovery is likely to be slower than previously expected
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY, target price of KRW50,000 We maintain BUY and TP of KRW50,000 on Shinhan FG given the following:(1) Consolidated NP rose 11.3% YoY despite a KRW299bn increase in provisions in 1H22 (KRW224.5bn as
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. A passenger demand recovery continued in June. Despite the near-term demand rebound, concerns toward a mid/long-term slowing in demand are placing downward pressure on share prices. With the demand r
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Considering its net cash holdings, stakes in subsidiaries, and real estate assets, we view ESTsoft’s recent share price drop as being excessive. The firm’s AI and metaverse businesses, inclu
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Acquisition of 54.9% stake in Jin Air positive— Korean Air has decided to purchase a 54.9% stake in Jin Air from its parent Hanjin KAL. While the lofty price tag (at a premium to recent closing price) and
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Full-fledged demand recoveries are underway for all routes except China routes. From July, the international passenger demand recovery is expected to accelerate. Although cost burden is in play due t
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. In April, nationwide pre-sales volume totaled 14,000 units, with a subscription ratio of 10:1. Although pre-sales volume declined m-m, unsold pre-sales volume
LG U+ will launch the urban air traffic (UAM) business by banding together with Kakao Mobility and GS Caltex. They will compete with consortiums formed by SK Telecom and KT for participation in the K-UAM Grand Challenge (K-UAM GC), a UAM project launched by the Korean government.The consortium forme
The author is an analyst of Shinhan Investment Corp. She can be reached at inhae.ji@shinhan.com. -- Ed. Japan accounted for a large portion of inbound/outbound travel before the pandemicJapan plays a key role in Korea’s tourism/leisure industry as the starting point of the global fandom for K-pop an
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In March, nationwide pre-sales volume amounted to 18,000 units, with a subscription ratio of 22:1. Most of the pre-sales volume was concentrated in Seoul/neighboring areas and regional metropolit
People Power Party lawmaker Han Moo-kyung said on April 18 that the Sangmyung Wind Farm in Jeju produced 706 kg of hydrogen for 61 days by using 45,443 kwh of electricity.“In other words, 64.3 kwh of electricity was used to produce 1 kg of hydrogen,” she said, adding, “Given that the wholesale elect