As SK Innovation announced the separation of its battery business during the Story Day event on July 1, evaluations of its future corporate value are mixed.Concerns are growing that the value of SK Innovation may fall as the company announced a detailed plan to spin off its battery business division
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Disclosure of corporate governance reports, an objective evaluation indicator for governance structure, is becoming more smoothly entrenched in Korea. In keeping, we expect the Korean market to
SK Innovation’s electric vehicle (EV) batteries show unrivaled safety. The company has thus far shipped out about 270 million battery cells that can power approximately 2.5 million EVs, but its batteries have not caused any fire up until now. Lee Jon-ha, head of SK Innovation’s Cell Development Cent
Hyundai Engineering announced on June 14 that it has signed an EPC contract worth 100 billion won with Novi Potok, a Russian private oil company, to build gas treatment facilities including LPG separation facilities in Orenburg, Russia.In June, Dennis Parsler, governor of Orenburg, and the head of H
With China controlling more than 70 percent of the world's rare earth production, a research institute suggested that Korea, like the United States and the European Union, build its own rare earth supply chain as soon as possible to reduce its reliance on China.A neodymium magnet (NdFeB) is one
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Having turned to rise in 2H20, new housing starts and elevator installations should continue to grow in response to government policies aimed at expanding housing supply. Accordingly, Hyundai
Hana Bank will spin off its blockchain-based cross-border payment service platform.The bank decided at an extraordinary shareholders' meeting on May 31 to create a subsidiary specializing in global digital financial platform services and transfer its Global Loyalty Network (GLN) business.The sep
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. KT carrying out active M&As in areas where it lacks competitivenessWe favorably view KT’s aggressive non-telecom business expansion drive, a change that began happening in earnest following the i
SK Innovation is revving up efforts to expand its presence in the global electric vehicle (EV) battery market. Although SK Innovation has to pay 2 trillion won to LG Energy Solution to settle a legal battle, it has already won orders worth 130 trillion won."As SK Innovation has succeeded in making a
Citibank Korea is planning to sell its retail finance arm as a whole in withdrawing from the South Korean consumer banking market. The bank is currently collecting letters of intent via the M&A team of Citigroup and Citigroup Global Market Securities Korea.According to industry sources, the disposal
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. BH Flex’s 1H21 earnings are being hampered by a widened sales portion for domestic customers’ low-margin smartphones, inefficient production line operations, and North American customer mix deteri
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. LGI’s 1Q21 earnings beat consensus by a wide gap. We anticipate full-year 2021 OP growth of 111% y-y on lofty logistics business earnings and a rebound in commodity prices. After the expected s
A significant change is anticipated in large corporations’ labor-management relations as office workers at LG Electronics, Hyundai Motor Group, Kumho Tire, and so on are forming their own unions to separate themselves from existing unions led by manufacturing workers. This trend was triggered in Jan
Lotte Chemical has become the first Korean petrochemical company to launch a project to develop carbon dioxide capture and utilization technology (CCU) using gas separation membranes. The move is aimed at responding to regulations on greenhouse gas emissions and reducing the cost of purchasing carbo
The author is an analyst of Shinhan Investment Corp. She can be reached at heeyeon.lim@shinhan.com. – Ed. Improvement in key operating indicators to continueHanwha General Insurance has been showing clear improvement in all major operating indicators since 2H20. The company's long-term risk loss
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. We expect LGI’s 1Q21 earnings to meet consensus. Full-year 2021 OP is set to surge 46% y-y, backed by ongoing robust logistics business earnings and a rebound in commodity prices. Going forward
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. LGI’s 4Q20 earnings beat consensus. In 2021, the firm should see OP growth of 36% y-y, backed by ongoing strong logistics business and a rebound in raw material prices. Going forward, we look t
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Korea’s National Assembly has passed the three ‘fair economy’ bills. Due to pre-emptive governance reforms and exemptions to the regulations, the actual impact on corporate governance structure
Following SK Group which announced its entry into the hydrogen value chain business ranging from production to distribution to supply, POSCO is also reportedly considering entering the hydrogen supply business, raising a prospect that the domestic hydrogen economy infrastructure can get into its str
LG Group has accumulated about 10 trillion won in cash over the past four years, analysts say. They say that with the separation of LG Group advisor Koo Bon-joon with some affiliates from LG Group, the cash will be used in merger and acquisition (M&A) for LG Group chairman Koo Kwang-mo's "New LG