The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.BOK in a bind, unable to raise or cut ratesConsumer price inflation slowed down to 2.7% YoY in June, falling to 2% levels for the first time since September 2021. Contribution to CPI growth by category cam
Korea Investment Corporation (KIC) President Jin Seung-ho said in an interview with Bloomberg on June 20 that the state-run investment company will dial up its proportion of alternative investments to 25 percent of its assets under management by 2025.“I think that our portfolio is very diverse,” Jin
Korea’s stock market has been removed from the MSCI Developed Markets Indexes’ watch list of candidates for inclusion in the index. The country’s hopes for inclusion in the indexes have been marking time for nine years.On June 11, MSCI classified South Korea as an emerging market as it released its
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.Some adjustments to Hyundai M&F’s capital and capital ratios appear unavoidable given financial authorities' IFRS17 guidelines. But, we view a recent correction in the firm’s share price as being
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.At end-May, we held an NDR for SAMG Ent with domestic institutional investors. Overall, feedback was positive regarding the firm’s steep domestic sales growth. SAMG Ent is also emphasizing the pote
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.Along with continued high sales growth for casino monitors, a full-scale earnings turnaround at Tovis’s automobile display division is set to start from 3Q23. The recent acquisition of GloquadTech, an
Beginning in 2025, a game of battery chicken is anticipated to kick off among South Korean firms like LG Energy Solution, SK on, and Samsung SDI, and Chinese companies such as CATL. This comes as a result of major companies' factory expansions that are projected to manufacture around 50% more ba
Superior Essex (SPSX), a U.S. wire company under the LS Group, has successfully raised approximately 200 billion won (US$150 million) through a pre-IPO via a domestic private equity fund (PEF).SPSX has signed a contract with SK Securities' subsidiary, SKS Credit, an exclusive private equity fund
LG Chem has announced its sales plan for its three new growth drivers for 2030.On May 16, Vice Chairman Shin Hak-cheol stated during the keynote speech at the Bank of America's 2023 Korea & Global EV/EV Battery Conference, held for foreign institutional investors at the Grand Hyatt Seoul, that t
Pulmuone announced on the 16th that its first-quarter revenue for this year rose 12.2% compared to the same period last year to 730 billion won (US$545 million), driven by the expansion of its food service distribution business and the growth of its U.S. subsidiary. Operating profit also increased 1
Ahead of the start of a mandatory environmental, social, and governance (ESG) disclosure system in Korea, the Korean business community has called for a slowdown in the pace of the introduction of the system. They argue that if the mandatory ESG disclosure system scheduled for 2025 is pushed forward
Shinhan Financial Group Chairman Jin Ok-dong has embarked on his first overseas investor relations (IR) trip since taking office to attract investment from Japanese institutional investors and serve as a bridgehead to promote private economic exchanges between Korea and Japan. The trip will last fro
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 analysts of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.At Celltrion Healthcare, 1Q23 OP should arrive in line with consensus at W63.6bn. Significant sales growth was confirmed for all major items in US prescription data for March. Although one-off cost i
A Goldman Sachs report evaluated that the Yoon Suk-yeol government’s reorganization of capital market policies to expand shareholder rights and interests and strong winds of shareholder activism in the Korean stock market are positive in resolving the Korea discount which undervalues the Korean stoc
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. STO market to facilitate expansion of conventional financial marketOn Feb 5, financial authorities announced their STO guidelines, intending to complement the existing financial regulatory sandbox
The South Korean government announced on Feb. 7 that South Korea’s foreign exchange market would be further opened in the second half of next year.According to the announcement, foreign financial institutions located abroad can participate in the market. At present, institutional trading and transac
The Korea Exchange announced on Feb. 1 that foreign investors’ net buying in KOSPI was approximately 6.5495 trillion won last month. For reference, their net selling was more than 1.87 trillion won in the previous month.This has to do with a fall in the Korean won-U.S. dollar (KRW-USD) exchange rate
SK Hynix has successfully issued U.S. dollar-denominated bonds worth US$2.5 billion, including the memory semiconductor industry's first sustainability-linked bonds (SLBs) worth US$1 billion.The company conducted demand forecasting on Jan. 10 regarding the bond issuance. Orders totaled US$15.4 b
The domestic corporate bond market in the first week of this year showed institutional subscriptions of no less than 11.8 trillion won for a planned issuance of 970 billion won.Four companies (KT, emart, POSCO and LG U+) conducted the demand forecasting in that period. Institutional subscriptions at