The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Concerns over the economic slowdown and acquisition of Poshmark have already been reflected in NAVER’s share price. It is time to seek a rebound in terms of strengthened business competitiveness.
CHIVAS, a global whisky brand representing Pernod Ricard Korea, announced on Jan. 11 that it will open its two months pop-up store CHIVAS REGAL GIL in Apgujeong Rodeo until Feb. 26.One of the outstanding parts of this experience pop up is the relay performance of top artists every Friday - Giriboy,
The Korea Exchange announced on Dec. 11 that foreign investors recorded a net selling of 56.7 trillion won in KOSPI from January 2020 to Dec. 8, 2022, when domestic individual investors recorded a net buying of 131.2689 trillion won in the same market.The net selling by foreign investors was approxi
Apple Pay is set to debut in Korea early next year, eight years after its launch in the United States. Hyundai Card has signed an exclusive contract with Apple Inc. to introduce the mobile payment service in early 2023.As the introduction of Apple Pay to Korea has begun its countdown, Samsung Pay an
Samsung Electronics Co. and NAVER Corp. announced on Dec. 6 a wide-reaching collaboration to develop semiconductor solutions tailored for hyperscale artificial intelligence (AI) models.The two companies intend to pool their hardware and software resources to dramatically accelerate the handling of m
South Korea and Saudi Arabia held their first housing cooperation forum on Nov. 29. It was hosted by the Ministry of Municipal and Rural Affairs of Saudi Arabia and the Ministry of Land, Infrastructure and Transport of South Korea and attended by the heads of the ministries and more than 200 entrepr
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The year 2022 has been tough for Korean Internet and game companies. However, we forecast that these stocks will attempt a rebound going forward. Expecting a return of more reasonable consumption
Saudi Arabian Crown Prince Mohammed Bin Salman Al Saud is scheduled to visit South Korea on Nov. 17 and 18. The purpose of his visit is to seek investors and companies to join the Neom City project.The project is to build a low-carbon smart city in desert and mountain areas near the Red Sea. The tot
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY, target price of KRW250,000 We maintain BUY and TP of KRW250,000 on Naver. In 3Q22, focus defending OPM via cost efficiency despite difficult operating conditions. Also, Naver has been aggressive
ArkData has registered Ark for CDC, a real-time heterogeneous data replication solution, and Ark for FR, a file replication solution, on Kakao i Cloud Marketplace.The Marketplace registration allows customers who need data replication on Kakao i Cloud to get the service efficiently in a monthly subs
Naver, which once climbed to the third place by market capitalization in the Kospi market, has been pushed out of the top ten.On Oct. 27, Naver came in 11th with a market cap of 26,411.9 billion won. On the previous day, it stood at 10th place.As Naver fell out of the top 10, all internet companies
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY but cut target price 28.6% to KRW250,000 We cut our TP by 28.6% (KRW350,000→KRW250,000) on Naver. We revise down 2022E/2023E OP by 7.7%/13.3% to reflect M&A-driven changes in structural mix (i.e.
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Fire at SK C&C’s Pangyo data center shuts down KakaoTalk, other key platforms— On Oct 15, a fire broke out at 3:33 p.m. at SK C&C’s Pangyo data center (building A’s electrical room, sublevel three).— The data
The unprecedented shutdown of KakaoTalk messenger app that occurred on Oct. 15 clearly exposed the problems of a platform monopoly. The shutdown of the widely used mobile messenger app did not end with the suspension of about 20 related Kakao services. Other companies and government agencies that us
The combined market capitalization of the top 30 Korean business groups has plunged by about 300 trillion won since the end of last year. Samsung Electronics’ market cap fell by 28 percent, while Naver and Kakao, leading growth stocks, saw their market value cut in half.The aggregate market value of
LG CNS has forged a Global Platinum Authorized Channel Partnership with Unity Technologies, the world's top 3D platform company, to cooperate in the metaverse business.The platinum level is a qualification granted only to partners that have many digital transformation (DX) experts, operate speci
The Korea Exchange announced on Sept. 25 that the aggregate market value of KOSPI and KOSDAQ dropped approximately 620 trillion won in just one year.The indices closed at 2,290 and 729.36 points on Sept. 23, respectively. KOSPI dropped 30.7 percent compared to its all-time high, 3,305.21, recorded o
Corporate tracker Leaders Index announced on Sept. 12 that BlackRock is the foreign PEF with the largest shareholding in the top 500 South Korean enterprises in terms of sales.According to the announcement, the 500 enterprises include 73 with a PEF shareholding of at least 5 percent and the 73 consi
The Korea Fair Trade Commission has disclosed the shareholding data on 76 major business groups, each with a total asset of at least five trillion won, and their 2,886 subsidiaries.According to the data released on Sept. 7, the groups include 10 ownerless groups, which have 180 subsidiaries. In the
The Korean won-U.S. dollar exchange rate surged last month, led by the Fed’s hawkish stance. The rate topped 1,350 won in about 13.5 years on Aug. 29 before closing at 1,362.6 won on Sept. 2.Still, foreign investors recorded a net buying of 3.9837 trillion won in the South Korean stock market last m