The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We expect Studio Dragon’s consolidated 3Q22 OP to meet consensus. In addition to the sustaining of strong quarterly earnings thanks to the airing of episodes on captive channels, from October, glob
The authors are analysts of Shinhan Investment Corp. They can be reached at sokang@shinhan.com and kimaram@shinhan.com, respectively. -- Ed. 3Q22 preview: Deregulation of web board games and upturn in sales of existing gamesNeowiz is expected to earn operating profit of KRW8.2bn (positive swing YoY,
Coupang’s logistics subsidiary Coupang Fulfillment Service (CFS) has appointed Ryan Brown, vice president of environment, health and safety at Coupang, as its CEO of environment, health and safety.CFS now has four CEOs, including Um Sung-hwan, CEO of human resources, Jeong Jong-cheol, CEO of legal a
Samsung ranked sixth in the list of the world’s 50 most innovative companies for 2022 selected by Boston Consulting Group (BCG), a global management strategy consulting firm. BCG announced the standings on Sept. 15.Since 2005, BCG has been selecting innovative companies based on a survey of 1,500 gl
Coway Co. unveiled its latest home health appliances at IFA 2022 on Sept. 2. The exhibition featured 22 innovative home appliance products, including 14 air and 8 water purifiers.The main highlight of the exhibition, however, is the highly-esteemed Coway Airmega air purifiers that are now available
Coway Co. will unveil its next lineup of home health appliances for the European market at IFA 2022 in September. The trade show, held in Berlin, is the largest of its kind in Europe for consumer electronics and home appliances. Coway is returning to Berlin for the first time since 2019 as IFA retur
Samsung SDS announced on Aug. 25 that it will take part in the Migration to Post-quantum Cryptography (PQC) project hosted by the National Cybersecurity Center of Excellence (NCCoE), part of the National Institute of Standards and Technology (NIST) of the United States, as the only Korean company al
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We lower our TP on Contentree to W52,000, reflecting valuation de-rating amid concerns over slowed subscriber growth at downstream clients. But, we adhere to a Buy rating, noting both expectations
Qualcomm signed a US$4.2 billion contract with GlobalFoundries on Aug. 8 to increase its chip purchase. The size of their contracts increased to US$7.4 billion and the additional contract is for GlobalFoundries to produce in New York chips designed by Qualcomm for 5G transceiver, Wi-Fi, automotive a
A total of 136 Chinese and Hong Kong and 124 U.S. enterprises put their names on this year’s Fortune Global 500 list. This is the first time that the former exceeded the latter in number, although the top two on the list are Walmart and Amazon. The list also includes 47 Japanese enterprises.Walmart
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The memory semiconductor downcycle is expected to intensify in 3Q22. That said, SEC should outperform its competitors on both the arrival of peak seasonality for IT sets and the IT giant’s effective p
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We lower our TP on Studio Dragon to W100,000 in reflection of valuation de-rating amid concerns toward downstream industries. But, we maintain a Buy rating, noting stable growth in terms of both se
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Memory supply-demand improvement is likely to be delayed due to macroeconomic factors. Demand for smartphones and PCs is sluggish. Demand related to data center investment is likely to fall somewhat i
SK ecoplant announced on June 22 that it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The company plans to develop eco-friendly digital solutions and platforms to realize "The Zero City" in cooperation with AWS. The Zero City is a circular economy model based
LG CNS announced on June 14 that it has become a Premier Tier Services Partner of Amazon Web Services (AWS) and will further strengthen collaboration with the global cloud computing platform.An AWS Premier Tier Services Partner is the most experienced partner and recognized as a leader in its respec
SK Innovation will invest US$30 million (about 38 billion won) in Amogy, a U.S. company specializing in ammonia-based fuel cell systems, the company announced on June 14.The two companies signed a memorandum of understanding (MOU) on an investment contract and technical cooperation in San Jose, Cali
Amazon Web Services (AWS) announced on June 13 that Samsung SDS, LG CNS and SK Shieldus are its security competency partners for last year, that is, satisfied the highest level of security requirements in AWS last year.At its media briefing on June 13, AWS also stressed the importance of the joint r
Samsung Electronics ranked 22nd among companies listed on stock markets around the world in terms of market capitalization. The company's ranking fell by seven notches from a year ago as its stock price failed to rebound.Global accounting company PricewaterhouseCoopers (PwC) recently released th
Samsung Electronics vice chairman Lee Jae-yong is expected to attend the Allen & Company Sun Valley Conference scheduled for July. He is expected to attend the conference for the first time in six years and visit the United States for the first time since November last year.According to industry sou
Samsung ranked sixth in a survey of the top 100 most reputable brands in the United States for 2022. Among foreign companies included in the list, which was disclosed by Harris Poll, Samsung took up the highest spot.Samsung scored 80.5 to place sixth, up 25 notches from a year ago. Trader Joe, an or