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
As Samsung Electronics vice chairman Lee Jae-yong strengthened his control of Samsung Group by inheriting a stake in Samsung Life Insurance from his late father Lee Kun-hee, attention is focusing on the amendment bill to the Insurance Business Act now pending at the National Assembly. If the bill is
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Prior to the introduction of the HPS, concerns are likely to remain in play over lackluster orders. However, fuel cell market growth forecasts for 2022 remain unchanged thanks to the planned introduc
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. We expect recovering orders from major clients to be reflected in Hojeon’s earnings from 2Q21. The firm forecasts a further jump in global orders and improvement in OPM led by an amendment to the
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Fuel cell demand is set to pick up over the mid/long term, supported by the coming adoption of HPS. Doosan Fuel Cell is developing new products, including SOFCs and maritime industry fuel cells. We i
The Korea Institute for International Economic Policy (KIEP) said in its report on April 13 that the Office of the United States Trade Representative complained about the Telecommunications Business Act amendments of South Korea to block the mandatory in-app payment policies of app market operators
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Alton Sports turned around in 2020 after five years of losses. The company can meet diverse B2C client needs based on its stellar manufacturing capabilities. It now produces bikes for the Seoul Ci
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Jin Air boasts the highest level of liquidity among domestic LCCs. We expect the firm to play a central role in the merger of KAL and Asiana’s LCC subsidiaries. We upgrade our rating to Buy and raise
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Starting with the launch of two new games in the last week of March, NCSOFT’s 1H21 new game momentum is beginning to ignite.Not long until firm dominates top-three spots in game sales rankings- W
The Financial Services Commission voted in favor of the revised enforcement decree to the Act on Reporting and Using Specific Financial Transaction Information on March 16. The amendment scheduled to become effective on March 25 is to detail virtual asset businesses’ anti-money laundering duty.Accor
Democratic Party of Korea lawmaker Yang Kyung-sook tabled an amendment to the Adjustment of International Taxes Act on March 5 to prevent tax evasion by high-income YouTubers and the like by forcing them to report their income exceeding 500 million won.These days, an increasing number of individuals
Google Korea is considering halving its app fees with the National Assembly of South Korea putting pressure on it with an amendment to the Telecommunications Business Act, which is to prohibit Google’s mandatory in-app payment policy.Last year, Google Korea announced that content apps on Google Play
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. On Feb 22, NCSOFT’s share price declined 6.2% on news of regulations regarding probability-based items. However, out of self-regulation, NCSOFT has been disclosing its loot box odds since 2015. C
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Given the needs for enormous initial investment, technological means to overcome geographic specificity, economies of scale, and rapid progress, the participation of KEPCO and its power generatio
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. − The government is considering amending the Telecommunications Business Act so that foreign entities can own more than 49% of major Korean telcos’ shares. The proposed amendment is currently und
Democratic Party of Korea lawmaker Park Yong-jin tabled an amendment to the Financial Investment Services and Capital Markets Act early this month so that securities companies entrusted with short selling must establish computerized short selling systems and the Financial Services Commission must ac
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Further changes in governance structure neededIn the past, SK Group was controlled by Chairman Chey Tae-won through his ownership in SK C&C, which in turn held the controlling stake in SK Holdings, t
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. We believe that KEPCO’s earnings stability has been secured via the restructuring of the electricity tariff system, a change which has taken three years. Also, if the amendment to the Electricity
The Ministry of Employment and Labor adopted an amendment to the Act on the Employment of Foreign Workers on Dec. 15 so that the reentry limitation applied to foreign workers is shortened from three months to one month.At present, a foreign worker in South Korea can work for up to 58 months and the