Deputy Prime Minister Hong Nam-ki remarked on June 4 that the government would handle the conflict between accommodation sharing and traditional accommodation services within this year.According to him, the government is going to provide assistance so that the two sectors can make mutual concessions
The Financial Supervisory Service announced on June 4 that Samyang Holdings, which is the holding company of Samyang Group, posted a total profit of 58.1 billion won last year, including 35.9 billion won derived from internal transactions. The ratio was 61.8 percent in 2019 and approximately 40 perc
Shinhan Bank and Hana Bank have signed an agreement with the African Export-Import Bank (Afreximbank) to participate in a US$1 billion (1.2 trillion won) syndicated loan.The two banks’ joint participation in a syndicated loan is the first case of cooperation between Shinhan Financial Group and Hana
Consumers will be able to receive exchanged foreign currencies at home via parcel delivery service or at parking lots. Also, consumers will be allowed to withdraw money transferred from overseas via automated teller machine (ATM) at any time of the day.Deputy Prime Minister and Finance Minister Hong
Hydrogen vehicles, which have been one of the three new industries the Moon Jae-in administration has promised to nurture, have been left out in the Green New Deal. Government subsidies for eco-friendly vehicles that were originally included in the third supplementary budget have been limited to ele
SK Group’s business conditions are deteriorating due to COVID-19 and downturns in industries such as oil refining, chemical, energy, telecom and semiconductor.The group’s consolidated cash flow from operating activities totaled 994.8 billion won in the first quarter of this year whereas it amounted
The author is an analyst of NH Investment & Securities. He can be reached a t jaemin.ahn@nhqv.com. -- Ed. Following a tepid 2019, 5G effects are to start being seen in earnest this year. Thus, having declined over the past few years, sector OP should finally enter a growth cycle from 2H20.Telecom se
SK Global Chemical announced on June 3 (Korean standard time) that it has completed the acquisition of the high functional polymer business from French company Arkema. It announced in October 2019 that it would acquire Arkema’s polymer business assets for 335 million euros (about 439.2 billion won).
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and ym.ko@shinhan.com, respectively. -- Ed. Weak IT product sales on COVID-19 and concerns over inventory levels at clientsThe impact of the COVID-19 pandemic on sales of IT products has been confirmed.
The author is a columnist. -- Ed. Surviving the coming economic tsunamiNot only the media and social networking sites but also universities, expert groups, and consulting companies are warning that an economic tsunami is approaching. I see countless messages warning me to prepare for this and get re
Prosecutors investigating suspicions surrounding the merger of Samsung C&T and Cheil Industries and the succession of Samsung Group’s management control requested on June 4 an arrest warrant for Samsung Electronics vice chairman Lee Jae-yong.The Seoul Central District Prosecutors' Office filed a
The Korean Iron and Steel Association (KOSA) is holding a steel modular architecture design contest for university students from June 1 to Nov. 5.Modular architecture is a construction technique where most of the construction processes are completed at the factory and minimum work, such as assemblin
POSCO announced on June 3 that it has installed artificial reefs made of slag off the coast of Ulleung Island under a sea forest cultivation program launched to mark National Ocean Day (May 31).Earlier in May, POSCO installed 100 Tritons and 750 Triton blocks underwater and fostered a sea forest rea
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. We believe that the F&B industry’s normalization trend will sustain in 2H20 on the back of rising demand, stabilizing raw material prices, and an easing in promotional activities. In addition, growth
Finance Minister Hong Nam-ki said on June 4 that the government will foster the urban air transportation industry and commercialize urban air mobility (UAM) services based on drones in 2025. "We will enact a special law and lift regulations to foster the air transportation industry," Hong said at a
Samsung Electronics announced on June 4 that it has opened a virtual lighting exhibition where a range of up-to-date news about Samsung lighting solutions will be available to manufacturers, supply chain partners and end users, 24 hours a day, seven days a week.The new online booth provides a platfo
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. LCD panel prices are expected to decline in 2Q20, rise in 3Q20, and fall in 4Q20, likely exhibiting volatility in the process. Having continued to deploy a strategy aimed at strengthening their technol
Samsung Electronics vice chairman Lee Jae-yong has asked the Seoul Central District Prosecutors’ Office to convene an investigation deliberation committee in relation to his investigation regarding the merger between Samsung C&T and Cheil Industries and management succession. Accordingly, his indict
A research team of undergraduates of Daegu Gyeonbuk Institute of Science & Technology (DGIST) has discovered bacteria that can biodegrade plastic within the bodies of insects. This discovery is anticipated to trigger studies related to biodegradation of plastic that can contribute greatly to environ
The U.S. International Trade Commission (ITC) has delayed a preliminary ruling on a dispute between Meditox and Daewoong Pharmaceutical over the source of botulinum toxin strains from June 5 (local time) to July 6.The ITC ruling has been delayed by one month as the additional evidence submitted by D