SK Telecom announced on June 2 that it has signed a contract with Myanmar’s National Cyber Security Center (NCSC) to provide cyber security solutions and consulting services aimed at improving Myanmar’s prevention and defense against cyber security threats.As an agency under the Ministry of Transpor
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Samsung Electronics (SEC) has announced plans for NAND investment at Pyeongtaek line 2. We expect the investment to contribute favorably to the performance of semicon equipment firms from 2H20 into 20
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. While capacity expansion plans have been trimmed down on both an oil price plunge and the hampering of global economic activities (amid Covid-19), demand for major products appears relatively solid,
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. The Korean government has announced its economic policy direction for 2H20, promoting in earnest Korea’s version of a Green New Deal—key initiatives are to include green infrastructure, energy effic
The South Korean government announced its economic policies for the second half of this year on June 1 and economists pointed out that the policies lack fundamental elements to revive the private economic sector.“The policies focus on fiscal spending rather than deregulation and the government is pl
In the first five months of this year, South Korean investors’ stock trading value reached over 1,700 trillion won and the South Korean government’s securities transaction tax revenue increased a lot to 4.3 trillion won or so, which amounts to about two-thirds of the average for the past six years.S
LG Household & Health Care announced on June 1 that it finalized a deal with global pharmaceutical company GlaxoSmithKline on May 29 to acquire the business rights for Physiogel in the Asian and North American markets for 125 million pounds (about 190 billion won). The company signed the contract on
LG Electronics announced on June 1 that it has signed a patent licensing agreement with Millet of Germany, a leading European home appliance maker, in addition to GE Appliance of the United States.Under the deal, Millet will produce and sell robot vacuum cleaners based on LG Electronics' patente
Doosan Group said on June 1 that it can resolve the liquidity crisis of Doosan Heavy Industries & Construction Co. as the creditors have decided to provide an additional 1.2 trillion won liquidity support to the ailing subsidiary. “We express our gratitude for the creditors’ support,” it added.In la
The big three Korean shipbuilding companies — Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries — have signed an LNG carrier construction deal worth 23.6 trillion won with Qatar Petroleum (QP), a state-run oil company of Qatar, Reuters reported on
The South Korean government announced a series of reshoring promotion plans on June 1. According to the plans, a business income tax cut will be applied to companies reshoring by domestic business place expansion whereas the same tax cut has been applied to those reshoring by reducing a place of bus
The Ministry of Trade, Industry and Energy announced on June 1 that South Korea’s exports totaled US$34.86 billion last month, down 23.7 percent from a year ago, with the average daily exports falling 18.4 percent year on year to US$1,621 million.South Korea posted a trade surplus of US$440 million
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. NAVER launched NAVER Plus Membership on June 1 and plans to introduce NAVER Bankbook within the month. The new services are expected to strengthen the lock-in effect in commerce based on the NAVER Pa
SsangYong Motor Co., part of India's Mahindra Group, announced on June 1 that the company sold a total of 8,286 units in May 2020 -- 7,575 units in domestic sales and 711 in exports.SsangYong’s new bookings in May jumped by over 50 percent month-on-month thanks to strengthened sales promotions,
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed.Impressive growth of Kakao CommerceKakao Commerce shows an impressive growth. Talk Gift, which started off as an in-app e-commerce marketplace where users can purchase gift coupons, has added a wide r
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. The domestic cosmetics industry is rising. Believing that companies which have undertaken proactive restructuring will see their earnings rebound going forward, we recommend Cosmax as our industry top
The author is an analyst of NH Investment & Securities. He can be reached at tedoh@nhqv.com. -- Ed. Amid the spread of Covid-19, humans have become the objects of fear. For companies, concerns towards shutdowns triggered by employee infections linger, and for employees, face masks are becoming as im
Global online travel agencies (OTAs), including Booking.Com, Agoda, Expedia and Trip.Com, have submitted to the Korea Fair Trade Commission (FTC) corrective measures for the abuse of their superior position in the market against Korean lodging companies.These companies were investigated by the FTC f
South Koreans were found to have 3.9 credit cards on average last year. According to a survey carried out by the Credit Finance Association, the number of credit cards in circulation in Korea totaled 110.98 million as of the end of 2019, up 5.92 million from a year earlier. This figure means that th
SK Telecom announced on May 31 that it generated a total of 1.871 trillion won worth of social value last year, which is an 8.3 percent increase from the 1.727 trillion recorded in 2018. Based on the "Double Bottom Line Management," which pursues both economic value and social value, SK Group has be