The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com. -- Ed. Non-face-to-face consumption in the online channel has increased since restrictions have been placed on public gatherings to tackle the COVID-19 outbreak. The pandemic has also changed consumptio
The South Korean government announced on June 3 this year’s third supplementary budget plan totaling 35.3 trillion won, a record high in the nation's history.The government will submit the plan to the National Assembly for approval on June 4. It is the first time since 1972 that the government e
The authors are analysts of NH Investment & Securities. They can be reached at hyundong.lee@nhqv.com and jangjaeho@nhqv.com, respectively. -- Ed. The amendments (passed in Jan 2020) to Korea’s three major data privacy laws are to offer a major business opportunity for data plays. Strong earnings gro
The authors are analysts of NH Investment & Securities. They can be reached at hyundong.lee@nhqv.com and jangjaeho@nhqv.com, respectively. -- Ed. Mainly offering fintech platform-based corporate finance solutions, Webcash has been enjoying healthy earnings growth over the recent years. Of note, the
LG Electronics and LG U+ have joined AI One Team, an industry-academic consultative body formed by KT, Hyundai Heavy Industries Group, the Korea Advanced Institute of Science and Technology (KAIST), Hanyang University, and the Electronics and Telecommunications Research Institute (ETRI). The two com
Hyundai Motor Co. unveiled on June 3 the design of its upcoming New Santa Fe, an SUV that the company calls the ultimate family adventure vehicle.Hyundai said the New Santa Fe is developed to offer a premium experience while meeting the needs of an entire family. It said the redesigned fourth-genera
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Backed by rising demand for non-face-to-face services, strong PC sales are expected to continue going forward. With the advent of Wi-Fi 6, sales related to networking chipsets are climbing. Due to the
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. GnCenergy’s emergency generator domain (its core business) is achieving brisk sales growth amid significant expansion of IDC investment. Also, high-margin orders at the firm’s biogas power plant b
South Korea has been relegated to fifth place in terms of the amount of investment in Vietnam.The amount of foreign direct and indirect investment made in Vietnam until May 20 this year reached US$13.89 billion, down about 17 percent from the same period of 2019, according to Vietnam's Ministry
A third-party shareholder alliance seeking to acquire control of Hanjin Group announced on June 2 that the alliance’s two key members, Bando E&C and KCGI, an activist private equity fund, additionally purchased a 2.49 percent stake in Hanjin KAL, the holding company of Hanjin Group.Grace Holdings, a
The South Korean government has decided to resume the process of filing a complaint with the World Trade Organization against Japan’s export restrictions. The process was temporarily halted in November 2019.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced on June 2 that it will fi
President Moon Jae-in has accepted U.S. President Donald Trump's invitation to a G7 meeting. Amid the hegemonic rivalry growing between the United States and China, the South Korean government appears to be leaning toward the former, a staunch ally based on a security alliance.Moon had a 15-minu
A novel breakthrough treatment for Parkinson’s disease has been discovered by a Korean American scientist, Kim Kwang-soo. Professor Kim and his team have successfully found a way to treat Parkinson’s disease, which has been known to be incurable, by reprogramming a patient’s own cells.The Korea Adva
While the 21st National Assembly has not been launched yet, the ruling Democratic Party of Korea (DPK) is preparing to amend the Commercial Act to provide for multiple derivative actions and cumulative voting, signaling that it will introduce anti-corporate bills in earnest.The business community ex
Hit hard by the COVID-19 pandemic, South Korea’s gross national income (GNI) per capita is showing a steep decline after seeing a downward trend since last year. The country celebrated its GNI per capita topping the milestone figure of US$30,000 for the first time in 2017.According to Gross National
The author is an analyst of Shinhan Investment Corp. He can be reached at hyunwook.kim@shinhan.com. -- Ed. In the midst of internal changesSeAH Besteel is Korea’s largest special steelmaker with domestic market share of over 40% as of 2019. The company is expanding nonferrous metal and special steel
The author is an analyst of Shinhan Investment Corp. He can be reached at hyunwook.kim@shinhan.com. -- Ed. The global steel industry suffered sharp increases in feedstock prices and decline in demand sparked by US-China trade disputes in 2019. With the COVID-19 pandemic further weighing down on mark
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 2020 sales forecast at KRW925.7bn (+19.9% YoY)For 2Q20, SK Materials is expected to report earnings improvement on increased capacity utilization of semiconduct
Presidents of Samsung Group affiliates gathered together on June 1 to find a solution to labor-management relations.The group invited Moon Sung-hyun, chairman of the Economic, Social and Labor Committee, to give a lecture on healthy labor-management relations to the CEO at the Samsung Human Resource
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