A former CEO of Samsung Electronics who once ran the company’s’ Chinese operations has moved to a Chinese semiconductor company, causing concern about an outflow of the Korean semiconductor industry’s high-quality human resources.According to news reports, former Samsung president Jang Won-gi was re
The authors are analysts of KB Securities. They can be reached at jeff.kim@kbfg.com. -- Ed. The NASDAQ hit 10,000 points for the first time ever on June 10, reaching 10,020 (+0.67% DoD). The recent run for the tech-heavy index has been driven by: (1) U.S. Fed’s continuation of liquidity expansion; (
The authors are analysts of KB Securities. They can be reached at hyejung.jung@kbfg.com and seongjin.kang@kbfg.com, respectively. -- Ed. Initiate coverage for KEPCO KPS and KEPCO E&CWe initiate coverage on KEPCO KPS (051600/BUY/KRW38,000 TP/11.1x P/E) and KEPCO E&C (052690/HOLD/KRW17,000 TP/23.7x P/
The authors are analysts of KB Securities. They can be reached at hyejung.jung@kbfg.com and seongjin.kang@kbfg.com, respectively. -- Ed. I. Domestic Market for Nuclear Power Plants to Shrink1. Construction to begin downward trajectory in 2024KEPCO E&C revenue will be largely curtailedThere will be n
The authors are analysts of Shinhan Investment Corp. They can be reached at kimkuyri@shinhan.com and minseo.cho@shinhan.com, respectively. -- Ed.Green Plus specializes in high-tech greenhouses with its vertically-integrated business structure covering the entire process from design and materials to
The authors are analysts of Shinhan Investment Corp. They can be reached at minseo.cho@shinhan.com and kimkuyri@shinhan.com, respectively. -- Ed. Agtech = Agriculture + TechnologyAgtech refers to the application of cutting-edge tech in agricultural food production. The need for agtech is growing on:
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. China’s BaoSteel has pushed up its domestic flat product distribution prices for July. While distribution inventories and local steelmakers’ steel inventories are depleting, we believe that the ir
Korean researchers have developed technology that can produce and supply high-purity hydrogen stably and economically by utilizing current urban LNG supply networks.The Korea Institute of Energy Research (KIER) announced on June 10 that it has developed a high-purity hydrogen production unit that ca
LG Chem announced on June 10 that it has recently signed a conditional contract with China's chemical materials company Sansan to transfer its LCD polarizer business for US$1.1 billion.LG Chem said that some product groups such as LCD polarizers for automobiles will be excluded from this sale as
Samsung Electronics vice chairman Lee Jae-yong's arrest warrant has been rejected, but whether a committee of external experts will be convened to determine his indictment will be decided on June 11. A citizen prosecutorial committee convenes in the day to decide on whether to transfer Lee’s cas
A COVID-19 case was confirmed in a research lab building of Samsung Electronics’ Suwon Campus. The company closed down the building and ordered the 1,200 employees of the research center to work from home.The patient was a woman in her 50s who works for a company that cleans the Smart Manufacturing
Creditors of Asiana Airlines demanded on June 10 that HDC Hyundai Development disclose conditions for its takeover of the ailing airline, after the potential buyer called for renegotiations of the takeover terms, citing the devastating impact from the COVID-19 pandemic."We welcome HDC Hyundai Develo
Samsung Electronics announced on June 11 that it has received UL’s Zero Waste to Landfill validation of Gold level and above for all of its global semiconductor operation sites.This signifies that Samsung’s semiconductor sites in South Korea, the U.S. and China meet the requirement of more than 95-p
The Ministry of Justice is planning to amend the Commercial Act and enterprises are expressing concerns over adverse effects such as intervention in management by speculative capitalists. The purpose of the revision is to introduce audit committee member appointment separate from directors selected
The Korea Fair Trade Commission is planning to amend the Monopoly Regulation and Fair Trade Act to allow the prosecution to launch investigations into collusion such as price fixing and bidding collusion on its own. Under the current act, the prosecution can investigate such activities only at the r
The authors are analysts of NH Investment & Securities. They can be reached at j.ko@nhqv.com and soohong.cho@nhqv.com, respectively. -- Ed. European governments have expressed their willingness to expand the xEV market via a variety of support policies. Expecting strong growth in the European xEV ma
The Ministry of Employment and Labor is planning to amend the Trade Union and Labor Relations Adjustment Act so that laid-off workers and unemployed persons can become union members. The Korea Employers Federation, the Korea Federation of SMEs, the Korea International Trade Association, and the Fede
Hanwha Group is actively responding to climate change by expanding its Solar Forest campaign.The group and social enterprise Tree Planet launched the social contribution campaign in 2011 in order to expand forests. They started from desertification prevention in Tujiin Nars located in Selenge, Mongo
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The web-board game market is expected to show robust growth in 2020, helped by: 1) web-board game launches at Apple’s App Store; 2) rising web-board game demand in line with increasing time spend
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Kakao’s platform competitiveness is strengthening. Having fared well even during the pandemic, its digital ad, commerce, fintech, content, and mobility businesses should enjoy even faster growth