LG Chem and LG Energy Solution are building a battery ecosystem that goes beyond simple battery manufacturing and covers everything from materials to recycling of battery waste.LG Chem announced on Dec. 21 that it will make a 24-billion-won equity investment in Jae Young Tech, a battery recycling co
As we approach another new year with COVID-19 in tow, the pandemic still weighs on businesses and organizations of all sizes. The last three years have been a reminder of the need for agility and resilience in business leadership along with a willingness to engage on a global scale. These attributes
Apple Pay is set to debut in Korea early next year, eight years after its launch in the United States. Hyundai Card has signed an exclusive contract with Apple Inc. to introduce the mobile payment service in early 2023.As the introduction of Apple Pay to Korea has begun its countdown, Samsung Pay an
If the labor unions of Hyundai Heavy Industries Group's three shipbuilding affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries -- start a joint strike on Dec. 13 as announced, it will cost the group 9 billion won a day, analysts say.The labor uni
SK On signed a memorandum of understanding (MOU) with SK Signet, a company specializing in electric vehicle (EV) chargers, on Nov. 24 to promote a charger-based battery diagnosis service.The two companies plan to introduce a service next year allowing customers to check remaining battery life and ch
The authors are analysts of Shinhan Investment Corp. They can be reached at heeyeon.lim@shinhan.com and tyc@shinhan.com, respectively. – Ed. Meritz Financial Group to wholly own 2 key subsidiariesMeritz Financial Group announced in a regulatory filing on November 21 that it has decided to: 1) wholly
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Cheil Worldwide posted 3Q22 OP of W93.1bn, breaking its quarterly record-high on a preemptive response to industry changes. Earnings growth proved strong across all divisions thanks to expansion of
KT announced on Oct. 17 that it will take the wraps off next-generation internet solutions at Network X 2022, a global telecommunication exhibition to be held in Amsterdam, the Netherlands, from Oct. 18 to 20 (local time).KT will introduce an intelligent control-based micro optical line terminal (OL
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Fire at SK C&C’s Pangyo data center shuts down KakaoTalk, other key platforms— On Oct 15, a fire broke out at 3:33 p.m. at SK C&C’s Pangyo data center (building A’s electrical room, sublevel three).— The data
The unprecedented shutdown of KakaoTalk messenger app that occurred on Oct. 15 clearly exposed the problems of a platform monopoly. The shutdown of the widely used mobile messenger app did not end with the suspension of about 20 related Kakao services. Other companies and government agencies that us
Coway Co. was named a “Winner” for three home appliance products at Good Design Award 2022.The Good Design Awards, hosted by the Japan Institute of Design Promotion (JDP), is one of the most prestigious international design competitions, alongside the iF Design Award, Red Dot Design Award, and IDEA.
Lotte Chilsung Beverage announced that it will launch full-scale overseas marketing activities for Soonhari with the endorsement of K-pop artist Jennie, a member of Blackpink.Under the campaign slogan of “Be Happy Soon, Soonhari,” the company implemented a minimal and simple design renewal of the bo
The author is an analyst of Shinhan Investment Corp. He can be reached at kw.eum@shinhan.com. -- Ed. Sharpest profit growth expected in 2023 if forex stabilizesHana Financial Group is the most sensitive to forex conditions among listed Korean banks. Although its exposure to foreign currency assets h
Leading mobile payment providers across Asia announced on Sept. 26 an integration of Alipay+ cross-border digital payment solutions in South Korea in an effort to jointly promote cashless travel in the country.Users of e-wallets including AlipayHK, GCash (the Philippines), Touch ‘n Go (Malaysia), an
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Major education companies enjoy strong economic moatWe maintain a Positive rating on the domestic education industry.1) Solid market share enjoyed by existing education companies should serve as a
HUAWEI CONNECT 2022, Huawei's 7th annual flagship event for the global ICT industry, began on Sept. 19 in Bangkok. The theme of this year's event is "Unleash Digital," gathering over 10,000 ICT industry leaders, experts, and partners from around the world to explore how to more effectively u
With connectivity emerging as a hot topic at IFA 2022, the largest consumer electronics show in Germany, LG Electronics announced on Sept. 1 that it will enhance the connectivity of its ThinQ application to provide a differentiated experience that goes beyond Samsung Electronics’ device connection p
EOFlow Co., a provider of wearable drug delivery solutions, announced on Aug. 12 that its European partner, A. Menarini Diagnostics (‘Menarini’) will officially launch its tubeless, wearable, and disposable insulin pump “EOPatch” in Europe on Sept. 1, 2022.EOPatch is one of the only two fully dispos
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. GS Retail has announced strategies to improve profitability through restructuring rather than top-line growth. Given that the current share price is lower than that before the recent M&A, now could be
If China attacks Taiwan, the world’s wealth will be reduced by US$2.61 trillion (about 3413 trillion won), the Nihon Keizai (Nikkei) Shimbun reported on Aug. 2. It said that the West will impose sanctions on China like those on Russia, and China, as well as all countries that trade with China, will