Hyundai Motor Co. is revving up its efforts to penetrate the Association of Southeast Asian Nations (ASEAN) market based on its Indonesian plant, which started operating last year.Hyundai Motor Manufacturing Indonesia (HMMI) rolled out 82,416 units in 2022, according to the Indonesian Automobile Man
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. We cut our 4Q22 earnings estimates for The Nature Holdings, considering the warmer-than-usual weather conditions of November. But, we recommend loading up on the company’s shares upon share-price c
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Sales in both Korea and China likely fell short of consensus in 4Q22 due to warm weather and lockdown effects, respectively. In 1Q23, driven by pent-up demand in China, investors should focus on F&
LG Chem announced on Jan. 10 that its electrostatic coating plastic material (product name: LUCON TX5007) is used for the front fenders of Mitsubishi Motors’ three types of sports SUVs -- the Outlander, the Delica D:5 and the RVR.A front fender is an exterior part on the side of a car. It covers the
Hyundai Engineering has built a community center in Ahangaran, a city in Uzbekistan, and donated it to the local community, the company announced on Dec. 26.The company held a ceremony to mark the donation of the community center, which was built on the premise of a sports school in Ahangaran. The e
As we approach another new year with COVID-19 in tow, the pandemic still weighs on businesses and organizations of all sizes. The last three years have been a reminder of the need for agility and resilience in business leadership along with a willingness to engage on a global scale. These attributes
Hyundai Motor Group (HMG) is expected to rank third, the highest ever, in sales in the European automobile market in 2022.The Korean automotive group started to export cars to Europe in 1977. For the first time since then, it is expected to overtake France’s Renault Group in the European market.HMG
Hyundai Motor Group announced on Dec. 15 (local time) that it has established Hyundai Energy Indonesia, a battery pack production corporation, completing its battery value chain in Indonesia. Ground will be broken for the company's battery packing plant in the first half of 2023.Hyundai Motor Gr
Hyundai Motor Group and SK On will build a joint venture battery plant in Georgia of the United States. The plant, scheduled to be completed in 2025, will supply batteries for Hyundai Motor and Kia brand electric vehicles (EVs) in the United States.According to Georgia Governor Brian Kemp’s office,
Major Japanese and German automakers such as Toyota and BMW are jumping into the hydrogen-powered vehicle market, which is dominated by Hyundai Motor Co.Toyota will introduce the second-generation model of the Mirai, a hydrogen car, to the Chinese market in December. It plans to use about 100 units
Korea Tobacco & Ginseng Corporation(KT&G) has built an elementary school in Nonkeo, Vientiane of Laos, together with the Sharing Culture and Arts Association, and held a ceremony to mark the completion of the school on Dec. 1.KT&G has been promoting the construction of an elementary school in Nonkeo
As the shortage of automotive semiconductors gradually eases, the five Korean automakers posted sales growth in November. In domestic sales, they had mixed results, but in overseas markets, they all enjoyed increased sales.Domestic auto sales in November totaled 127,157 units, up 3.2 percent from th
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Sales growth for October proved robust thanks to increased external activities. Currently, convenience stores continue to show positive effects from inflation, but fashion sales growth at department s
Chevrolet’s Trailblazer, a compact sports utility vehicle (SUV) produced by GM Korea, was the No. 1 passenger car exported from Korea in October.The Trailblazer, along with its sibling model Buick Encore GX, sold 17,958 units overseas in the month of October, claiming first place among passenger car
Hyosung TNC participated in Internationale Fachmesse für Sportartikel und Sportmode Munich (ISPO Munich) 2022, the world’s largest outdoor and sportswear exhibition held in Munich, Germany from Nov. 28 to 30.At this year's exhibition, Hyosung TNC presented MIPAN Regen Ocean, a recycled nylon fib
FILA Holdings Corp., which operates the global sports brand, FILA, announced on Nov. 8 its reorganization of key global teams, heralding a shift in marketing and design leadership.The new structure aims to strengthen the company’s organizational capabilities in order to successfully execute its five
Hyundai Motor Co. and Kia Corp. announced on Oct. 18 that they will set aside a combined total of 2,904.4 billion won in provisions in the third quarter to prepare for recalls related to Theta GDI engines.The figure breaks down into 1,360.2 billion won for Hyundai Motor and 1,544.2 billion won for K
Samsung Electronics has forged a partnership with leading international original development manufacturing (ODM) companies such as Atmaca, HKC, and Tempo to enable non-Samsung smart TV models to use Tizen OS.New TVs from Bauhn, Linsar, Sunny, Vispera, and other brands will be available in Australia,
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. F&F’s consolidated 3Q22 OPM likely reached 30%, helped by brisk domestic casual/sports sales and the recognition of sales in advance for F/W exports to China. In 4Q22, earnings momentum remains val
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. With Chuseok falling early this year, both online and offline sales rose y-y in August. By business type, department stores maintained the highest growth rate, with the apparel category showing partic