Samsung Electronics narrowed its market share gap with Taiwan's TSMC in the global foundry market in the second quarter of 2020, according to market research firm TrendForce.Samsung's market share reached 18.8 percent in the second quarter, up 2.9 percentage points from the previous quarter.
The Ministry of Trade, Industry and Energy announced on June 14 that it is going to establish a fund for hydrogen economy development.The fund will be run as a part of the government’s 505 billion won New Energy Industry Fund launched in 2016. The size of the fund is estimated at 34 billion won or m
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. On June 12, the Ministry of Science and ICT cleared SKT to phase out its 2G services, provided that 2G service users are catered to in the process. According to the Korea JoongAng Daily, the following fa
Hyundai Motor Co. and ELEKTRA have launched a collaborative art exhibition, “HYUNDAI X ELEKTRA: METAMORPHOSIS,” which highlights creative ways of imagining individual and societal transformations in a post-pandemic world. The exhibition at Hyundai Motorstudio Seoul runs from June 15 to Sept. 20. It
Samsung Electronics has released the 2020 edition of its Sustainability Report. The latest version of the report, which has been published annually since 2008, offers a comprehensive look at the outcomes of corporate sustainability management activities that took place throughout 2019.With the relea
The South Korean government has decided to lower reinsurance market entry barriers for more competition.The current Insurance Business Act regards reinsurance as a part of non-life insurance. As such, the same regulations are applied to both despite the fact that reinsurance is different from car in
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Downgrade to HOLD but maintain target price of KRW25,000We maintain our TP for Hankook Tire & Technology at KRW25,000 but downgrade our rating from BUY to HOLD because the stock climbed 29.2% since our rat
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. Upturn in TV demand follows recovery in IT product demandDemand for personal computers (notebooks, tablets, and desktops) surged with a growing number of people
The author is an analyst of NH Investment and Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Amid the Covid-19 pandemic, F&F’s online sales have risen. With outdoor activity set to rise as an alternative to overseas travel this year, the firm’s athleisure brand Discovery should benefit gr
The author is an analyst of NH Investment and Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Hotel Shilla’s DFS sales slightly recovered in May on the Korea Custom Service’s decision to allow DFS inventories to be distributed in the domestic market as well as overseas markets via internat
The author is an analyst of NH Investment and Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Being a leading retail franchise operator, GS Retail is to benefit from higher structural unemployment amid industry automation and a global economic slowdown. GS Retail’s 2Q20 earnings should com
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Retail franchise operators are to benefit from a Covid-19-induced rise in structural unemployment. DFS players’ earnings are to be buoyed by eased cost burdens (on rent cuts for IIA DFS operators) a
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. We estimate Samsung Electronics’ 2Q20 OP at W5.65tn (-12% q-q). Affected by Covid-19 and delayed reflection of one-off gains at the display division, the firm’s 2Q20 earnings are likely to arrive slug
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. 2Q20 consolidated OP forecast at KRW41.3bn (+289.7% YoY)Hite Jinro’s operating profit will likely continue on a steep YoY growth track through 2Q20 after exceeding market expectations by more than KR
LG Uplus announced on June 11 that it has signed a contract with Taiwan's largest telecommunication company, Chunghwa Telecom, to export 5G VR content.Chunghwa Telecom is the fourth foreign telecom operator to import LG Uplus’s 5G content, with the other three bing China Telecom, Hong Kong Telec
Korea’s COVID-19 diagnostic kits have led the world to pay attention to K-Bio's capabilities. At the same time, they prompted hackers to attack Korean bio companies.The primary target of foreign hackers is Korean companies that produce COVID-19 diagnostic kits. Hacking attempts have also been ma
The birth of the world's first quantum security 5G phone powered by a quantum random number generator (QRNG) chipset dates back to 2016 when SK Telecom's Quantum Lab made a sudden proposal. The Galaxy A Quantum smartphone debuted in May this year after four years of development efforts by SK
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY and raise target price to KRW13,000We maintain BUY and raise our TP by 18% to KRW13,000 (derived with residual income valuation) for Partron. Our TP (12.3x implied P/E; 10.9x 12m fwd P/E) reflects: (
In the wake of the novel coronavirus crisis, South Korea’s automobile exports were halved in May compared to the previous year. Car exports fell below 100,000 units for the first time in 17 years.According to the data released by the Ministry of Trade, Industry and Energy on June 11, automobile expo
Lotte Corp., the holding company of South Korea’s Lotte Group, announced on June 11 that it has bought shares of Lotte Food owned by Hotel Lotte and Busan Lotte Hotel to provide liquidity to the two hotel affiliates.Lotte Corp. acquired 154,436 shares of Lotte Food held by Hotel Lotte and Busan Lott