The National Assembly has recently chosen not to pass an amendment to the Hydrogen Economy Promotion and Hydrogen Safety Management Act. This is already affecting many South Korean enterprises.One of them is Hyundai Motor Group, a hydrogen vehicle industry leader. The South Korean government is plan
The Strategy and Finance Committee of the National Assembly passed an Income Tax Act amendment on Nov. 29. According to the amendment, taxation on capital gains from cryptocurrency transactions will start on Jan. 1, 2023 instead of Jan. 1, 2022. The bill was passed despite the Economy and Finance Mi
The National Defense Committee of the National Assembly deferred the adoption of three Military Service Act amendments at its meeting on Nov. 25. The amendments are to allow an alternative military service for well-known popular artists.This means the seven BTS members will be enlisted. They submitt
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Currently relying mainly upon fossil fuel, KEPCO is converting over from fossil fuels to renewable energy to help achieve carbon neutrality. By 2030, KEPCO pl
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. The Three Laws of Fair Economy have started to come into effect sequentially since end-2020, but given pre-emptive corporate governance restructuring and regulatory exceptions, external changes
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. MOLIT is aiming to strengthen the publicness of urban redevelopment projects by limiting the upper limit of the private profit rate to 10%. At this juncture, it is difficult to predict the mid/lo
Shareholders of SK Innovation approved on Sept. 16 the company's plan to split off its battery and oil exploration and development (E&P) businesses.In an extraordinary meeting held at SUPEX Hall, SK Seorin Building in Seoul, shareholders also passed several agenda items, including partial amendm
The National Assembly of South Korea passed the latest amendment to the Telecommunications Business Act on Aug. 31. The purpose of the amendment is to prevent an app market operator from forcing a certain way of payment in relation to a mobile content provider, delaying mobile content examination wi
The Legislation and Judiciary Committee of the National Assembly passed an amendment to the Telecommunications Business Act on Aug. 25. The bill is to prevent forced in-app payment in app markets. Once the National Assembly adopts the bill at the next regular session, it will become the first case i
The National Assembly has recently passed a bill designed to prevent attempts to get a drug license in an illegal way.The amended Pharmaceutical Act is called the “Medytox Case Prevention Act,” as it is intended to prevent the recurrence of the Medytox case. Medytox obtained a license for its botuli
People Power Party lawmaker Hong Suk-joon announced on July 20 that foreigners’ land ownership in South Korea increased from 190,550,794 square meters in 2011 to 253,346,774 square meters in 2020.The lawmaker pointed out that Chinese in particular are increasing their ownership very rapidly. Accordi
An amendment to the Telecommunications Business Act has been sent to the Agenda Coordination Committee of the National Assembly. The ruling Democratic Party of Korea is aiming to pass the bill before October, when Google’s mandatory in-app payment policy is scheduled to become effective.At present,
Large securities firms with equity capital of more than three trillion won will be allowed to provide loans to their overseas affiliates. The restrictions on loans to overseas affiliates have been a factor that undermined Korean securities firms’ competitiveness against their overseas rivals. The ne
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. We believe that renewable energy policy momentum will renew strengthening from 2H21. In the case of Korea, revisions to hydrogen energy-related legislation and the announcement of ‘Roadmap 2.0’ for h
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. An amendment has been proposed for the Hydrogen Act. A legal foundation will be laid for the mandatory production and usage of clean hydrogen. We expect to se
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Construction 120: Seoul mayor’s reconstruction/redevelopment measures (1) Seoul Mayor Oh Se-hoon is expected to actively announce reconstruction and redevelopment measures for the remainder of hi
The South Korean government will provide more than 1 trillion won for the expansion of 8-inch foundry facilities. It has also decided to abolish regulations concerning the foundry industry step by step.Announcing a strategy to make Korea a semiconductor powerhouse” on May 13, the government said it
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. NCSOFT’s Trickster M has been confirmed for release on May 20, and Blade & Soul 2 is expected to launch in June. Having taken a few hits from a variety of issues, NCSOFT’s share price should soon
The Seoul Metropolitan Council has passed an amendment to the ordinance on towing illegally parked shared e-scooters.Under the amended ordinance, which passed on May 6, a device left in a no-parking zone will be towed at the operator's expense of 40,000 won (US$36) if it is not collected within
As Samsung Electronics vice chairman Lee Jae-yong has become the largest shareholder of Samsung Life Insurance, attention is focusing on the amendment bill to the Insurance Business Act now pending at the National Assembly.The passage of the bill can not only undermine Samsung Group's governance