The Overseas M&A Investment Support Council consisting of Korea Development Bank, the Export-Import Bank of Korea, and NH Nonghyup Bank, has decided to give US$3 billion in loans to SK Hynix for the chipmaker’s global investment by 2025.The Financial Services Commission (FSC) announced on Jan. 19 th
Financial authorities reaffirmed on Jan. 12 that the ban on short selling will be lifted on March 15 as scheduled.Previously, the Financial Services Commission (FSC) sent a text message to reporters on the night of Jan. 11, saying that the temporary ban on short selling, which was introduced due to
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Amid little recovery in international passenger demand, even domestic passenger demand fell (-38% y-y) in December. We believe the industry is passing the trough. In terms of cargo, cargo volume reac
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.In November, international passenger demand fell 97% y-y, but domestic passenger demand climbed 2% y-y. While domestic passenger demand is expected to remain sluggish in December due to an escalation
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed. Admittedly, the emergence of Internet-only banks providing new financial services has had some impact on traditional banking players. But, a so-called catfish effect (a term describing how gro
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. With KAL’s decision to take over Asiana now official, the air transportation industry’s competitive landscape is beginning to reshape. From a mid/long-term perspective, competitive intensity is expe
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Thanks to sound air cargo market conditions, KAL remains able to generate operating cash flow. We expect the firm to enjoy M/S expansion on the back of business downsizing at domestic and overseas p
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. In August, international and domestic passenger demand continued to trend downwards, falling 97% y-y and 7% y-y respectively. But, cargo volume upped 1.2% in response to brisk cargo demand on US rou
The Financial Services Commission, which decided on Aug. 27 to extend its stock short selling ban, said on Aug. 30 that the extension is a temporary measure to respond to the impact of COVID-19 and this point will be adequately explained to foreign investors so that their negative view can be minimi
The author is a strategist of NH Investment & Securities. He can be reached at dongkil.noh@nhqv.com. – Ed. Short selling ban mitigates selling pressure On Mar 13, the FSC decided to place a temporary (Mar 16~Sep 15) ban on short selling of Kospi, Kosdaq, and Konex-listed stocks. Having trended upwar
The Financial Services Commission (FSC) announced on Aug. 18 that it would adopt a recovery and resolution plan (RRP) for major financial companies in order to protect financial markets from their insolvency and minimize public funds to be provided for them. Specific action plans regarding the RRP a
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. In July, both international and domestic passenger demand continued to trend downwards, falling 97% y-y and 10% y-y, respectively. However, cargo volume displayed steady demand, a scenario that shou
The ruling Democratic Party of Korea has tabled an amendment to the Insurance Business Act to compel Samsung Group’s insurance subsidiaries to sell their shares in Samsung Electronics. The Financial Services Commission (FSC) made an official announcement in favor of the amendment on July 30, causing
Financial Services Commission Chairman Eun Sung-soo remarked on July 29 that the temporary short selling ban scheduled to end in mid-September this year can be extended if necessary in that the ban was initiated in relation to the COVID-19 pandemic and the pandemic is still going on.Earlier, the com
Financial Services Commission Chairman Eun Sung-soo remarked on July 29 that Asiana Airlines is eligible for the key industry stabilization fund of the South Korean government.“The committee in charge will deliberate if HDC Hyundai Development Co. does not acquire the airline and the airline applies
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. In June, international and domestic passenger demand continued to trend downwards, decreasing 98% y-y and 24% y-y, respectively. On the cargo side, only Korean Air displayed steady demand. Although
The Financial Services Commission remarked on June 18 that some details and schedules related to insurance companies’ mandatory reserves may have to be adjusted with the introduction of IFRS17 postponed from 2022 to 2023.The introduction has been postponed from 2021 to 2022 and then to 2023. Under t
Financial Services Commission Chairman Eun Sung-soo said on June 11 that the temporary short selling ban scheduled to end in September this year can be extended or ended with some system improvement.“The ban can be repealed after some system improvement although it is slated to be repealed in Septem
Low-cost carriers’ business conditions are continuing to deteriorate unlike those of full-service carriers, which are increasing their cargo transport volumes. It is said that restructuring in the LCC industry is imminent in the wake of COVID-19.According to industry sources, South Korean LCCs are l
Financial Services Commission Chairman Eun Sung-soo said on May 28 that the government’s 40 trillion won key industry stabilization fund launched that day is no preferential treatment for certain companies and non-beneficiaries such as SsangYong Motor Company and low-cost carriers can be given finan