The author is an analyst of NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com. -- Ed. According to media reports, the Egyptian defense industry has agreed to local production of the FA-50. If all Egyptian jet trainers are replaced, exports of about 100 units are expected, and K
LG Chem has completed its acquisition of AVEO Oncology, a U.S. biopharmaceutical company focused on oncology, in an all-cash transaction with an implied equity value of US$571M on a fully diluted basis, the company announced on Jan. 19.“We are excited to complete LG Chem’s acquisition of AVEO, which
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed.Maintain BUY but lower target price We maintain BUY but cut our TP to KRW16,500 from KRW17,500 for LGU to reflect a change in COE (8.45%→9.12%). Our investment points include improved B2B earnings visibil
State University of New York Korea (SUNY Korea) held the Fall 2022 commencement ceremony on Dec. 16 at the IGC Auditorium. A total of 61 students from five different departments (Computer Science, Technology and Society, Mechanical Engineering, Applied Mathematics and Statistics, and Business Manage
Kumho Tire announced on Dec. 6 that it has obtained a silver medal from Ecovadis, a global ESG evaluation agency. The tire company has also won an overall B+ rating from the Korea Institute of Corporate Governance and Sustainability (KCGS).Ecovadis is an ESG evaluation platform in France. It is used
Samsung Electronics has promoted a female executive to president for the first time in its history. Lee Young-hee was promoted to president of global marketing for the company's Device eXperience (DX) division. She was previously head of the Global Marketing Center of the DX division.She is the
SK Incheon Petrochem, the Ministry of Agriculture, Food and Rural Affairs and Nhabgroup have started a working-level discussion on a pilot project to build an eco-friendly livestock industry model.The first meeting was held at the Livestock Environment Management Institute in Sejong City on Nov. 11.
Daewoong Pharmaceutical will launch a phase 1 clinical trial of a new drug for autoimmune diseases in the United States. It is a first-in-class medication in the autoimmune disease family that simultaneously inhibits two enzymes involved in immune cell activation. The clinical trial on 72 patients i
Democratic Party of Korea lawmaker Park Yong-jin asked the National Policy Committee of the National Assembly on Nov. 7 to help revise the Insurance Business Act. Ruling and opposition party lawmakers in the committee are discussing whether to handle the matter at their meeting scheduled for next we
As Samsung Electronics Chairman Lee Jae-yong’s declaration of a new Samsung vision is imminent, stock analysts are putting forward various scenarios regarding Samsung Group's governance reform. Some experts even suggest that Lee may push for a group holding company by spinning off Samsung Electr
Aekyung Industrial and SK Chemicals have been slapped with a combined fine of 110 million won for falsely advertising that their humidifier disinfectants containing toxic substances were safe and harmless.SK Chemicals and Aekyung Industrial developed humidifier sterilizers containing CMIT/MIT ingred
The Ko-World Hackathon in Dubai was held in Dubai, the United Arab Emirates (UAE), from Oct. 11-13. Korea Polytechnics' Seoul Gangseo Campus hosted the anti-hacking competition with the sponsorship of the Dubai royal family. Until last year, this annual competition had been held by Korea Polytec
People Power Party lawmaker Lee Jong-seong remarked on Oct. 11 that the number of national health insurance subscribers who are dependents decreased from more than 20.06 million to 18.09 million from 2017 to 2021 and to 17,937,000 until July this year.“However, the number of foreign dependents incre
People Power Party lawmaker Park Soo-young said on Oct. 4 that a South Korean special purpose company recently sold its offshore wind power development project in the Saemangeum area to a Thai company by signing a US$50 million stock sale agreement.According to the lawmaker, the total area of the pr
The police are reportedly investigating Il-Yang Pharmaceutical for allegedly exaggerating the results of clinical trials on its COVID-19 treatment in order to push up its stock price.The Financial Crime Investigation Unit of the Seoul National Police Agency have reportedly launched an investigation
Corporate tracker Leaders Index said on Sept. 27 that Samsung Group is the South Korean business group where the owner family has the largest amount of stock-secured loans.“As of Sept. 23, the family’s total loans were 1.8871 trillion won with 20.2 percent of its subsidiary stocks provided as collat
Global liquor company Pernod Ricard Korea announced on Sept. 20 that it will hold an ‘Accor Bar Exchange’ promotion with global hotels affiliated with the ‘Accor’ hotel chain.The ‘Accor Bar Exchange’ promotion will showcase the talents and creativity of Accor Hotel bartenders and will be held at Fai
Samsung Electronics vice chairman Lee Jae-yong is staying in London for business meetings. He is predicted to attend the funeral of the late Queen Elizabeth II.Samsung Electronics began to expand its business in the U.K. market in 1984. The company has been very close to the British royal family sin
Dulwich College Seoul (DCSL) announced today that it held an event for students and their parents to experience traditional culture in celebration of Chuseok.With all parents invited, it was the school's largest cultural event in three years since COVID-19. It was especially meaningful for famil
Attention is focusing on Samsung Group’s governance structure reform after Samsung Electronics (SEC) vice chairman Lee Jae-yong’s recent reinstatement.At present, Lee and his family members own 17.97 percent and 31.31 percent of Samsung C&T, respectively. They indirectly govern Samsung Life Insuranc