Coway Co., Ltd., the “Best Life Solution Company,” today reported financial results for the first quarter of 2023.“Coway maintained stable sales revenue and operating profit throughout the first quarter,” said Soon Tae Kim, Coway’s Chief Financial Officer. "Despite the challenges posed by a global e
After the outbreak of the U.S.-China trade conflict, in the U.S. imported semiconductor market, the share of Chinese-made semiconductors shrank by one-third while that of Taiwanese-made products has doubled over the past four years. That of Korean-made chips inched up a bit as well.China’s share of
The author is an analyst for Shinhan Securities. He can be reached at ldh@shinhan.com -- Ed.1Q23 review: Fixed cost burden from project delaysKorea Aerospace Industries posted sales of KRW568.7bn (-11% YoY) and operating profit of KRW19.4bn (-51% YoY) for 1Q23, falling far short of the consensus est
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.1Q23 falls short at an operating loss of KRW21.7bn (RR QoQ)SKC posted an operating loss of KRW21.7bn (continued loss QoQ) for 1Q23, faring worse than market expectations for a KRW2.9bn loss. Sales
The author is an analyst of Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.OP beats consensus by 30% for a second straight quarterSamsung Engineering posted consolidated sales of KRW2.5tr (+17.1% YoY, - 13.8% QoQ) and operating profit of KRW225.4bn (+29.2% YoY, +5.1% QoQ) for
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Samsung Engineering’s 1Q23 earnings far exceeded consensus, thanks to an improved COGS-to-sales ratio at the non-hydrocarbon division. Although the lack of new orders for overseas projects is somew
Korea Agro-Fisheries & Food Trade Corporation announced on April 25 that 124 South Korean restaurant companies entered 35 overseas markets with 141 brands and 3,833 stores in the second half of last year. Compared to the same period of the previous year, the numbers of companies, brands and stores i
Lotteria, a Korean hamburger franchise that opened in Korea in 1979, is focusing on expanding to overseas markets. The company is considering entering neighboring Singapore and Malaysia to capitalize on its success in the Vietnamese market where the Korean hamburger giant has enjoyed significant gro
On April 13, POSCO International announced a new vision for the first time after its integration with POSCO Energy at the Songdo Convensia in Incheon. Under the vision of Green Energy & Global Business Pioneer, the company aims to increase its current market capitalization from 3.8 trillion won to 2
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Moving ahead, SKC is set to benefit production mix improvement (following the operation of its Malaysian plant), new customer acquisition, and concrete plans for capacity expansion in North America.
Several A330 aircraft owned by Korean Air made emergency landings on three occasions in the second half of last year for reasons such as engine problems. This time, it caused inconvenience to passengers again. The aircraft was carrying about 200 passengers, nine crew members, and two captains.Accord
The United Kingdom is expected to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) on March 31. With China, Taiwan, Ecuador, Costa Rica, Uruguay, and other countries expected to join it, the members are trying to determine how to negotiate with China and Taiwan.The 11 members
SK Group Chairman Chey Tae-won visited China to attend the Boao Forum, which is sometimes called the Asian version of the Davos Forum.According to industry sources on March 28, Chairman Chey will participate in the Boao Forum held in Boao, Hainan Province of China for four days from March 28 to 31.
The Korea Institute for Industrial Economics and Trade said in its report on March 27 that the global defense and arms procurement budgets are estimated to increase by US$2 trillion and US$600 billion from 2023 to 2032, respectively.“Another arms race is ongoing across the world after the outbreak o
POSCO International has identified carbon capture and storage (CCS) as a future growth driver and started to seriously develop the business. To this end, in February the company launched a CCS Business Promotion Team under its Energy Business Division to speed up its CCS business.The reason behind P
SK Inc. announced on March 16 that it signed a contract to sell all of its stake in Turo, a peer-to-peer (P2P) vehicle-sharing platform, for US$67.5 million (approximately 88.1 billion won).SK Inc. aims to wrap up the transaction within the first half of this year by selling its holdings to existing
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Shares trading at P/E of 7x, lowest since 2003We maintain BUY on Coway but cut our TP by 11% to KRW80,000. Despite steady earnings and a diverse business portfolio, the stock has been struggling due to the
The weight of overseas orders to Korean construction companies is shifting from the Middle East, a traditional strong source of contracts, to Asia.According to the International Contractors Association of Korea on Feb. 22, Asian orders were the largest at about US$12.2 billion among total overseas o
The following are excerpts from an interview with Myeong Seong, CEO of SK Earthon, about the company’s plans to become a “carbon neutral company” after 40 years of leading the Korean resource development industry.Q: Through an interview at CES 2023, you remarked that this year SK Earthon is going to
The central banks of South Korea and Indonesia extended their 10.7 trillion won (US$8.24 billion) currency swap agreement on March 6. The new contract period is until March 6, 2026.The two countries signed their first currency swap agreement in 2014 and extended it in 2017 and 2020.At present, South