Standard & Poor's (S&P), an international credit rating agency, said on June 8 that it has granted the ‘AA’ rating and ‘Stable’ outlook to U.S. dollar-denominated senior unsecured bonds to be issued by Korea Electric Power Corp.The planned bonds will be issued as part of KEPCO's US$3 billion
Shinhan Financial Group will provide a total of 85 trillion won in loans and investment over the next five years to support a Korean version of the New Deal. The figure represents a 21 trillion won increase from the 64 trillion won that the group initially set aside to support innovative businesses.
The Indonesia Jawa Thermal Power Plant Construction Project has passed a preliminary feasibility study by the Korea Development Institute (KDI), allowing Doosan Heavy Industries & Construction to promote a 1.6 trillion won worth power generation project that it won in March last year.The Jawa power
Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 8 that it has won an order for two 360,000-square-meter LNG-barges from a Russian client for about 901.3 billion won.An LNG-barge is a floating LNG terminal in the sea. It is a facility that receives and stores LNG from icebreaking LN
The authors are analysts of KB Securities. They can be reached at yc.baek@kbfg.com and se18190@kbfg.com, respectively. -- Ed. No. of registered EVs up 20.3% MoM in MayIn May, the no. of registered EVs (BEVs + PHEVs) in Germany climbed to 12,333 units (+20.3% MoM/+56.1% YoY) from 10,253 in April (-48
The Korea International Trade Association and the chamber of commerce in the "Mekong Five" countries, including Thailand, Vietnam, Myanmar, Laos, and Cambodia, jointly held an online meeting on June 2 to discuss the establishment of the Korea-Mekong Business Council.KITA and the chamber of commerce
Hyundai Mobis will boost overseas orders with various untact marketing activities as part of its response to changes in the global economy and social environment in the post COVID-19 era, the company said on June 8. “Hyundai Mobis is focusing on three types of untact marketing: virtual tech fairs, o
The Korea Financial Investment Association announced on June 8 that the total net assets of overseas investment funds reached an all-time high of 199.07 trillion won at the end of last month and increased by more than 12 trillion won in two months. The principal at the end of May was 194,849.7 billi
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. We advise paying attention to the growth potential of the EV battery market. Recently, governments around the globe have expressed their willingness to expand the EV market via a variety of EV support
Controversies surrounding reverse discrimination are rising in relation to IKEA. The multinational furniture retail company is not subject to mandatory holidays unlike local major supermarkets despite the fact that it is actually a supermarket rather than a furniture store.The Korea Furniture Associ
Anxieties caused by the spread of the novel coronavirus are fueling sales of Bukwang Pharm’s oral sterilizing agent Hexomedine (component name: chlorohexidine).Hexomedine is a solution used to relieve inflammation in the mouth or for sterilization after periodontal surgery in dentistry. In addition,
The Ministry of Employment and Labor announced on June 8 that the jobseekers allowance payment totaled 1,016.2 billion won last month, up 33.9 percent from a year ago, with the number of jobseekers allowance applicants increasing 32.1 percent to 111,000. The figures are the largest May figures since
Risks surrounding Samsung Electronics vice chairman Lee Jae-yong are affecting the company’s position in the global semiconductor industry. The prosecution recently requested an arrest warrant for him regarding the merger between Samsung C&T and Cheil Industries and his management succession. The re
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Positive expectations drive stock price up 9.5% DoDBH stock price soared 9.5% DoD (vs. June 3 close @ KRW18,350) on expectations of (1) likely benefits to come from a North American client’s launch of its flagshi
The author is an analyst of Shinhan Investment Corp. He can be reached at sejonghong@shinhan.com. -- Ed.2Q20 consolidated OP forecast at KRW28.9bn (+0.4% YoY)We expect Innocean Worldwide to report consolidated gross profit of KRW141.5bn (+13.8% YoY) and operating profit of KRW28.9bn (+0.4% YoY) for
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Short-term overshooting of US long-term TB yields is in the cards given both aggressive supply of liquidity and the perception that Covid-19 crisis has passed its peak. Nonetheless, economic conditi
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Production of parts related to Sony’s PS5 starts this week. We expect the PS5 to contribute to semiconductor industry earnings improvement in 2H20. Within the memory industry, NAND demand improvement
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. The key impacts of the Covid-19 crisis on the domestic securities industry are being seen at IB, trading, and retail businesses. With Kiwoom standing as the chief beneficiary of a recent rapid rise i
Samsung Electronics and LG Electronics have ended their dispute over ads about their TV products.The Fair Trade Commission said on June 5 that it has stopped a review process on the complaints that the two electronics companies filed against each other."We have decided to end the review process as t
HDC Hyundai Development chairman Chung Mong-kyu is garnering attention as the June 27 deadline for the acquisition of Asiana Airlines is approaching.HDC Hyundai Development signed a stock purchase agreement (SPA) with Kumho Industrial Co. in December 2019 to take over the ailing airline. This contra