Over the past five years since 2018, Samsung has reduced the number of its overseas subsidiaries by approximately 100, whereas Hanwha has increased its number by more than 400, leading the group with the most overseas entities. Particularly, Samsung has actively reduced 22 of its subsidiaries in Chi
On July 3, CJ Logistics announced that it has signed a strategic partnership memorandum of understanding (MOU) with the 7th global container shipping company, Japan’s Ocean Network Express (ONE).Through this business agreement, both companies have agreed to actively cooperate in providing competitiv
Korea’s largest shipping company HMM has acquired a second-hand large bulk carrier on the M&A market. The shipping company has started to diversify its business with its record operating profits in 2022, analysts say.Korean shipping company HMM acquired a Newcastlemax dry bulk carrier from Germany’s
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We raise our TP on SK Innovation to W250,000. Key indicators for the oil refining industry are showing strength. Profitability is to strengthen in 2H23 thanks to a gradual improvement in battery earn
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We raise our TP on S-Oil to W96,000. Key indicators for the oil refining industry, including oil prices and refining margins, remain robust. We advise more focusing upon an anticipated strengthening
The trend of collaborations between domestic and foreign enterprises of various sizes to achieve success in new drug development is on the rise. Such collaborations are viewed within the industry as a potential model for “Korean-style Open Innovation” in the pharmaceutical and biotech sectors.Accord
Petroleum product exports by Korea’s four major oil refiners increased for the second consecutive year in the first half of 2023.The Korea Petroleum Association reported that petroleum product exports from the country’s four largest refiners (SK Energy, GS Caltex, S-OIL, and HD Hyundai Oilbank) tota
The food and beverage industry in South Korea is witnessing the tremendous influence of K-pop girl groups, gaining immense popularity globally.According to industry sources on July 24, the girl group NewJeans holds a truly exceptional impact among various distinguished girl groups in the country. Se
HK inno.N Corp. announced on July 24 that its new drug for gastroesophageal reflux disease, K-CAB (active ingredient: Tegoprazan), has been granted product approval by Peru's National Medicines Authority (DIGEMID) on July 21.In 2018, the company inked a contract with “Laboratorios Carnot,” a lea
The author is an analyst for NH Investment & SEcurities. HE can be reached at yk.choi@nhqv.com -- Ed.Key indicators in the refining industry are strong. Refining margins and aromatics product spreads are above the historical averages. In 2H23, solid refining margins should continue amid limited room
The Net International Investment Position (NIIP) as a percentage of Gross Domestic Product (GDP), which indicates Korea’s ability to make international payments, stood at 46.3 percent last year, showing an increase of nearly 10 percentage points in just one year. This growth was driven by the expans
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
The Asian Development Bank (ADB) has revised down its forecast for South Korea’s economic growth rate this year from the previous 1.5% to 1.3%. The figure is lower than the projections of the Organization for Economic Co-operation and Development (OECD) and the International Monetary Fund (IMF), bot
Hyundai E&C announced that it has signed an agreement with Boryspil International Airport in Ukraine on July 14 (local time) for an airport expansion project. The signing ceremony took place in Warsaw, Poland, attended by Won Hee-ryong, minister of land, infrastructure and transport; Park Sun-ho, ch
NH NongHyup Bank announced on July 16 that it held an opening ceremony for its Noida Branch in India on July 13 (local time).More than 100 people, including Kim Yong-gi, vice president of NH NongHyup Financial Group; Chang Jae-bok, South Korean Ambassador to India; Awasthi, CEO of the Indian Farmers
Korean oil refiners’ refining margins averaged US$4 per barrel in the second quarter of this year. That represented a drop of more than half from the previous quarter and a drop of more than 80 percent from the same period last year. Their second-quarter operating profits are also expected to shrink
Korea has ranked third in Asia in the global biopharma resilience index rankings in 2023. This represented a drop of two notches from 2021 when the COVID-19 pandemic was rampant. In the global rankings of 22 countries, Korea dropped sharply from 7th place to 12th over the same period. The decline wa
KB Financial Group announced on July 12 that it has selected 10 domestic startups that will grow into the next-generation “global unicorn companies” for KB Starters Singapore.Startups selected for KB Starters Singapore will receive consulting services on matters necessary for local market entry, suc
Qoo10, a company established in Singapore by Ku Young-bae, the founder of Gmarket, is set to acquire Interpark Commerce and WEMAKEPRICE, both domestic open market and direct overseas purchasing companies. The Fair Trade Commission announced that it has approved the business merger in which Qoo10 acq
As the trend of de-sinicization rises across industries in Korea, Altasia is emerging as an alternative to China.The Korea Chamber of Commerce and Industry (KCCI) released the results of its study on changes in the global trade structure and countermeasures on July 5, revealing that 14 Asian countri