The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.In 2024, global automotive demand should continue to recover, but growth momentum is set to slow y-y. Although demand has yet to return to pre-pandemic levels (95mn units), a significant portion
La French Tech Seoul, in collaboration with the French-Korean Chamber of Commerce and Industry (FKCCI), successfully concluded the Tech4Good Tour 2023 in Seoul on the 10th, following a week-long exploration of the Korean market with a delegation of innovative startups and SMEs from France. The trans
In anticipation of the scheduled launch of a bitcoin spot exchange-traded fund (ETF) early next year, institutional investors have been actively engaging in trading, according to recent analysis.Korbit Research Center under the domestic cryptocurrency exchange Korbit revealed this information throug
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Sales at Dentium slowed in 3Q23 amid economic downturn in China and logistics issues in Russia. Although revenue growth should rebound in major regions in 4Q23 (a peak season), ultimately, the result
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.International passenger traffic climbed 11% m-m in October on the back of holiday season effects, with demand arriving strong for all routes except China. Air cargo volume also strengthened. However,
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Classys’s 3Q23 OP exceeded consensus, reaching W24.7bn. The firm’s is still in a re-rating phase, led by an increasing equipment sales portion both domestically and internationally. Costs are expecte
Korean intermediate goods exporters have been entering Vietnam in large numbers after exiting the Chinese market for several years. But the share of Korean intermediate goods has been on the decline in the Vietnamese market since 2017. This is because Chinese intermediate products are rapidly replac
This summer, the country has seen an unusually high number of landslides due to concentrated heavy rainfalls. In 2023, the nationwide damage from landslides amounted to 2,410 cases with 458 hectares of land lost, resulting in 15 fatalities. Business Korea had a detailed conversation with Choi Byeong
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm delivered consensus-beating OP of W57.5bn for 3Q23, helped by both a higher drug (manufactured by Hanmi) sales portion at Hanmi (non-consolidated) and decreased Beijing Hanmi SG&A expense
Pernod Ricard Korea is delighted to announce that Champagne Perrier-Jouët, which transforms nature into art, has launched its new global campaign "Fill your world with wonder " and entered into a partnership with French actress and director Mélanie Laurent.Since its inception, Perrier-Jouët has cons
Despite being the hot topic in the domestic market in the first half of this year, the shares of POSCO Group’s associated companies are currently experiencing a simultaneous downturn. Along with secondary battery-related companies such as EcoPro, share prices have undergone a correction, resulting i
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
Global startup event Come Up 2023, hosted by the Ministry of SMEs and Startups and managed by the Korea Startup Forum (KSF), will be held for three days from Nov. 8 at Dongdaemun Design Plaza (DDP) in Seoul.Minister Lee Young emphasized that this event aims to globalize and serve as a growth platfor
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
Chinese companies’ share in the European electric vehicle (EV) battery market is sharply rising. Concurrently, Korean battery companies, which have been strong players in the European market, have seen their share on the decline, losing ground to their Chinese competitors.According to market researc
In the third quarter, LG Display reported an operating loss of 662.1 billion won (US$489 million), marking the sixth consecutive quarter of losses. However, it is showing an improvement in its performance by reducing its deficit compared to the first quarter of this year, where it had an operating l
An ironic situation unfolds as foreign investors are rapidly withdrawing their investments from the domestic stock market, while the foreign ownership percentage of the total market capitalization on the KOSPI hits a 20-month high.According to the Korea Exchange on Oct. 22, the foreign ownership rat
The European Union (EU) will boost global infrastructure projects to counter China’s Belt and Road Initiative.The EU will host the Global Gateway on Sept. 25 and 26. Leaders from more than 20 countries, including Bangladesh, Senegal, Namibia and Moldova, will attend the event, Bloomberg reported on
The author is an analyst for NH Investment & Securities. He can be reached at hzl.lee@nhqv.com -- Ed.We lower our TP on ContentreeJoongAng to W16,000, reflecting both declines in broadcasting peer multiples and the continued sluggish performance of theaters. However, we adhere to a Buy rating. With
President Yoon Suk-yeol will visit Saudi Arabia and Qatar on a four-day, six-night state visit starting on Oct. 21. This will mark the first time a Korean head of state has paid a state visit to Saudi Arabia and Qatar.President Yoon will arrive in Riyadh, the capital of Saudi Arabia, on Oct. 21 (loc