The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Much like former Chair Volcker, Fed Chair Powell is faced with the task of reducing liquidity to fight inflation. The difference lies in the available monetary policy tools. We expect Powell to acce
The GSM Association is planning to call for global content providers such as Netflix and YouTube to share network investment costs.These days, big tech companies are facing increasing pressure, especially in Europe, with regard to communication infrastructure costs and this has to do with the fact t
The United States has ended its steel tariff disputes with Japan as well as the European Union. Steel exports from the two regions to the United States are expected to increase, adversely affecting South Korean steelmakers.According to Reuters, the United States will apply a zero tariff to Japanese
Huawei’s P50 Pocket foldable smartphone, which was launched in late 2021 to compete with Samsung Electronics' Galaxy foldable phones, appears to have display problems.Some users of the Huawei product are experiencing display cracks or screen blackout in less than a month after beginning to use t
Samsung Electronics is expanding its presence in the global 5G equipment market. Following the start of 5G services in the United Kingdom, Samsung’s 5G network business is expected to gain momentum with the launch of 5G services in the United States.Vodafone’s British subsidiary launched the first c
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Fed QT is likely to increase the TB 10yr term-premium by 37.5bp. Noting this, if the FF rate is hiked four times this year, then QT will have to be increased further to prevent a long-short TB yield
The Korea Enterprises Federation expressed its objection to the passage of a bill for worker directorship in the public sector, claiming that the same bill should not be applied to the private sector.“Worker directorship is not suitable for domestic economic systems and will hinder corporate decisio
Fire broke out in a recalled Kona electric vehicle that underwent a battery replacement last year, embarrassing the vehicle's producer, Hyundai Motor Co.The fire department has launched an investigation into the cause of the fire, and the industry's attention is focused on it.According to th
KakaoPay CEO Ryu Young-joon is facing severe criticism after his stock option exercise. Although he apologized, more and more people are opposed to him becoming a co-CEO of Kakao, which is scheduled for March, and calling for his resignation.On Dec. 10, the eight KakaoPay executives including Ryu so
An increasing number of governments are calling into question app market operators’ in-app payment policies. Under the circumstances, Apple in particular is raising its voice against the governments. According to experts, this is because Apple’s in-app payment fee revenue amounts to more than 30 tri
Unionized Samsung Electronics employees are calling the company’s new personnel management systems into question. The new systems are to expand the roles of group and team leaders in evaluating the performance of employees.The Federation of Korean Metal Workers’ Trade Unions held a press conference
Google is taking advantage of the loopholes of the revised Telecommunications Business Act, while Apple is not responding at all to the law.According to industry sources, Google’s new payment policy becomes effective on Dec. 18 and then users can choose between Google’s in-app payment and third-part
The authors are economists of Shinhan Investment Corp. They can be reached at chee@shinhan.com. – Ed.2022 outlook for US monetary policy: 1) Lower inflation in 1H vs. higher 2HOne of the key issues in the financial markets lately has been an early tightening of monetary policy in the US. We looked i
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. We maintain a Neutral stance on the machinery sector. Industrial demand from China has turned downwards, and demand from DMs (including the US and Europe) is slowing gradually. Higher logistic
Coway announced on Nov. 15 that it has obtained the customer satisfaction management system (ISO 10002) certification from the Korea Management Registrar for the third consecutive year.The ISO 10002 certification means that the company is internationally recognized for providing the services that me
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The COP26 draft has been disclosed. Global countries will be asked to raise their targets for reducing greenhouse gas emissions (vs 2020 levels). China has pu
Urea solutions are becoming harder and harder to come by in South Korea, and some Chinese news outlets are claiming that China can use urea solutions in order to put pressure on South Korea. They are also claiming that China has to take legal action against Samsung Electronics and SK Hynix for their
The number of foreigners covered by the national health insurance of South Korea exceeded 1.2 million this year and the number of dependents registered by them is close to 200,000. Under the circumstances, a YouTube video posted by a Chinese woman is causing controversy.According to this video, the
The South Korean government and some local politicians are claiming that South Korea should become a part of the MSCI World Index. Under the circumstances, short selling is drawing attention. This is because the current partial short selling ban must be lifted for South Korea to become a part of the
Civic groups held a press conference on Oct. 20 and claimed that McDonald’s Korea has yet to pay a wage of 50 billion won to its 15,000 or so part-time workers.“The amount includes 14 billion won related to changing clothes and the rest is because the company undercalculated their working hours as c