On Dec. 18, Korea Development Bank (KDB) and the Korea Ocean Business Corporation (KOBC) announced the selection of the Pan Ocean-JKL consortium as the preferred bidder for the acquisition of the management rights of HMM, the largest ocean container shipping company in South Korea. After negotiation
Coway Co., Ltd., the “Best Life Solution Company,” announced that it is on the ‘2023 Dow Jones Sustainability Asia Pacific Index (“DJSI Asia Pacific”)’ for the 11th consecutive year. Of the 609 evaluated companies worldwide, only 156, the top 25.6%, were selected, and only 36 companies from South Ko
LIG Nex1 is actively expanding its presence in the defense markets of Africa, Europe, and North America, following its success in the Middle East.According to defense industry sources on Dec. 13, LIG Nex1 made its inaugural participation at the “Egypt Defense Expo (EDEX) 2023,” the largest event of
WASHINGTON—In advanced industries such as computers and electronics, motor vehicles, and machinery and equipment, South Korea’s economy is 77 percent stronger than the relative global average, ranking second behind only Taiwan, according to a new report from the Information Technology and Innovation
Hyosung Advanced Materials has been newly included in the 2023 Dow Jones Sustainability Indices (DJSI) Korea.The DJSI is a global sustainability management assessment index published annually by S&P Global Switzerland, the world’s largest financial information provider.Companies incorporated into th
Mirae Asset Global Investments announced on Dec. 5 the listing of two new Exchange Traded Funds (ETFs) on the Korea Exchange: the “TIGER U.S. Tech TOP10INDXX (H) ETF (472160)” and the “TIGER U.S. Tech TOP10 Bond Mixed ETF (472170).”The TIGER U.S. Tech TOP10INDXX (H) ETF invests in the top 10 market
"NPCore," a specialized artificial intelligence-based cybersecurity solutions company led by CEO Han Seung Chul, has been awarded the "Top Exporter of One Million Dollars" by the Korea International Trade Association. The company has continuously challenged itself to expand into overseas markets, wi
Five major banks in South Korea are suspending the sale of equity linked securities (ELS) linked to the Hong Kong Hang Seng China Index (HSCEI). This decision comes in response to the substantial decline in the HSCEI, heightening the potential for principal losses.KB Kookmin Bank has announced a tem
Amid the continued positive trend in automotive exports, the export amount index has turned upward for the first time in 13 months, riding on the recovery in the semiconductor market. Due to the decline in international oil prices, the import amount index has experienced eight consecutive months of
On Nov. 28, Hyosung TNC announced a major overhaul of its textile brands, including the rebranding of its high-performance fiber brand CREORA and its eco-friendly fiber brand regen.This restructuring aims to consolidate its 65 textile brands into two primary categories, CREORA and regen, to enhance
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
As the Hong Kong Hang Seng China Index (HSCEI) has experienced a sharp decline, it has led to substantial capital losses of over 40 percent in Equity Linked Securities (ELS) products based on this index. In response to the significant risks in the trillions of won facing HSCEI-linked ELS, the Financ
Korea has only 0.5 percent of the world’s specialized AI talent. Out of 30 countries, Korea placed only 22nd in AI talent retention.The Federation of Korean Industries (FKI) released a report on AI Talent Acquisition Strategies and Implications for Korea, the United States and China on Nov. 20. The
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.When will global bio indices bottom out? Even if the rankings of the two largest pharmas have changed amid robust sales growth, the S&P500 Healthcare Index has continued to slide this year. We view t
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Over 2021~2023, Korean shipbuilders have landed target-beating new orders. With sufficient order backlogs under their belt, they have raised newbuilding prices to reflect higher costs, and accordingl
President Yoon Seok-yeol has announced a prohibition on short selling until fundamental reform measures are established.During his address at the Cabinet meeting held at the Blue House in Yongsan on Nov. 14, President Yoon Seok-yeol stated, “To prevent further damage, we will prohibit short selling
HYOSUNG ADVANCED MATERIALS has been sued by Ascend Performance Materials of the United States for allegedly violating a raw material purchase contract.According to the Financial Supervisory Service’s Electronic Disclosure System on Nov. 9, HYOSUNG ADVANCED MATERIALS disclosed that it had been sued b
Research has shown that Seoul’s urban competitiveness ranks 7th among 48 major cities worldwide.The Mori Memorial Foundation’s Institute for Urban Strategies held a press briefing on Nov. 9 and announced the 2023 Edition of the Global Power City Index (GPCI). This survey, which began in 2008, is now
The Shanghai Containerized Freight Index (SCFI), which reflects the freight rates for container ships worldwide, has reached its highest levels of the year. However, the substantial decrease in freight rates in comparison to the previous year is having a negative impact on HMM’s profitability.Accord
On Nov. 7, the second day of the complete ban on short selling, the KOSPI index fell by 2.33 percent, and the KOSDAQ index dropped by 1.80 percent.Even on the second day of the government’s complete ban on short selling, controversy continues in the securities market.According to financial authoriti