The author is an analyst for Shinhan Securities. He can be reached at byeongsu.kim@shinhan.com -- Ed.Leading IT service provider for the finance industryITeyes is an IT service provider founded in 2012, which saw its business grow along with rising demand for building workflow management systems fro
Nvidia’s stock price has nearly doubled since the beginning of the year due to the artificial intelligence (AI) craze. Therefore, the U.S. semiconductor company surpassed US$1 trillion (about 1,275 trillion won) in market capitalization at the close of trading on June 13 (local time), becoming the s
On the 50th anniversary of World Environment Day, Huawei and IUCN highlighted smart solutions for supporting effective and fair management and governance of protected and conserved areas, and the growing importance of technology in tracking threatened species and protecting their natural habitats.Hu
KT, the South Korean telecommunications giant, announced that it will host an exhibition for domestic ICT innovation companies at Viva Technology 2023 (VivaTech), Europe's largest startup exhibition held annually. The company aims to assist these firms in their entry into the European market.The
TmaxSoft, a leading system software company, announced on June 1 that it has been selected as a partner for Amazon Web Services' “AWS ISV Accelerate Program.”The AWS ISV Accelerate Program is a co-sales program for companies that provide solutions running on or integrated with the AWS cloud. Par
Intel will open a data center development lab in Seoul. The U.S. tech giant will strengthen cooperation with Samsung Electronics and SK hynix, which provide next-generation DDR5 memory.According to industry sources, Intel announced at Intel Vision 2023 in Taiwan on Jan. 24 that it will establish an
Competition authorities in Korea and other major countries have approved the merger of Microsoft and game maker Activision Blizzard, accelerating the 90 trillion won (US$68 billion) merger of the gaming giant that has dragged on for one year and four months. If the merger is finalized, it is expecte
The Lounge, a luxury destination on the uppermost floor of Park Hyatt Seoul, presents the 2023 Bingsu Selection. Featuring Cherry, Honey Gold, Persimmon, and Mango varieties, this year’s bingsu menu offers epicurean relief from the early summer heat.Cherry Bingsu, recommended by Executive Chef Baek
Following China, the United States has also cut back on Korean semiconductor imports.Korean semiconductor exports to the United States fell 68.6 percent year on year in April, according to a report on the characteristics and implications of Korea’s semiconductor demand structure released by the Bank
The author is an analyst for Shinhan Securities. He can be reached at yk.cho@shinhan.com -- Ed.1Q23 review: Growth led by China demandCosmax NBT posted operating profit of KRW1.5bn (+101.1% YoY) on sales of KRW80.4bn (+2.3% YoY) for 1Q23, missing our estimate of KRW2.2bn. The parent recorded a 6.8%
Huawei, which has been hit hard by the U.S. ban on semiconductor equipment exports to China, made a winning move by entering the digital transformation (DX) business in the industrial field.The Chinese IT giant held the Huawei Asia-Pacific Partner Conference 2023 in Shenzhen, China, on May 17 (local
Huawei kicked off its Asia Pacific Partners Conference 2023 in Shenzhen, bringing together over 1,200 of its partners from more than 10 countries and regions to explore ways to seek new growth and win the future. Huawei also hosted an APAC partners alliance launch ceremony during the event.Asia-Paci
A number of high-profile mergers and acquisition (M&A) deals were made in the entertainment industry recently. Kakao and HYBE's investment in SM Entertainment is a recent good example.Korean showbusiness companies are partnering with blockchain platforms for metaverse platforms or the non-fungib
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Earnings at NHN continue to rebound following the 2Q22 OP bottom of W5.2bn. We expect 1Q23 to establish the OP basement of 2023, as the firm’s strategy focused on recovering profitability takes sh
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Weighed upon by market concerns toward absence of CEO, KT’s share price has now dropped more than 20% from its previous peak. But, related uncertainties should be eliminated gradually through BOD
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Backed by an accelerated digital transformation, mid/long-term growth prospects at Hyundai Autoever’s strategic businesses remain valid. The firm is beefing up: 1) its smart mobility capabilitie
Samsung Electronics received a jury verdict to pay about 400 billion won in compensation in a U.S. semiconductor patent infringement lawsuit. Earlier, Korea Hydro & Nuclear Power (KHNP) was blocked from exporting Korean nuclear power plants to Eastern Europe due to a property rights infringement law
Samsung Electronics Chairman Lee Jae-yong is finalizing the schedule to meet Apple CEO Tim Cook and Google CEO Sundar Pichai during his visit to Silicon Valley during a business trip to the United States that will last until mid-May. It is analyzed for the purpose of envisioning Samsung’s future bus
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.Nvidia products were the top performers in the recent AI benchmark MLPerf. Nvidia's dominance of the AI computing market is likely to continue thanks to both product performance and its platform eco
Huawei kicked off its 20th annual Global Analyst Summit (HAS) today in Shenzhen. The summit was attended by more than 1,000 industry analysts, financial analysts, key opinion leaders, and media representatives from around the world, who gathered to discuss the status of the ICT industry, including d