Dowoo Insys, a small company which began supplying glass for Samsung's new foldable phone Galaxy Z Flip, has suffered financial problems for the past 10 years despite its ownership of a core technology. The company holds 17 related patents thanks to its colossal effort for technology development
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and chanoo9549@shinhan.com, respectively, -- Ed. Earnings forecasts for 1Q20 will need to undergo downward adjustment with the COVID-19 outbreak causing disruption in production and decline in consumptio
The KOSPI took a nose dive once again. The U.S. government's stimulus package drove the New York Stock Exchange up on March 9, but it was not enough to ease investors' anxiety in the Korean stock market. Rather, a surge in the number of confirmed COVID-19 cases in the United States caused fo
Foreign investors dumped South Korean stocks worth a total of 987.6 billion won on March 10 after their largest net selling in the KOSPI market, 1,321.5 billion won, recorded the previous day. On March 10, South Korean institutional investors purchased a large amount of shares in the market.This mon
The Korea Financial Investment Association announced on March 9 that the money market fund (MMF) balance jumped to 147,804.2 billion won on March 5 after breaking the 140 trillion won mark for the first time in history on Feb. 6. Short-term floating funds are continuing to increase along with the vo
The Korea Composite Stock Price Index (KOSPI) dropped 4.19 percent to close at 1,954.77 points on March 9, showing a decline of over 4 percent for the first time since Oct. 11, 2018.On March 9 alone, the aggregate value of the stock market plunged by 57.5 trillion won and that of the Korea Securitie
The spread of COVID-19 is affecting South Korean financial companies’ global business by limiting personnel movements. For example, Shinhan Financial Group indefinitely postponed business trips to Europe with regard to its startup accelerator program Shinhan Future’s Lab.Until recently, the CEOs of
Hot money in the South Korean stock market totaled an all-time high of 124,090.6 billion won at the end of last month with a month-on-month increase of 8,766.3 billion won. This has to do with the supplementary budget the South Korean government recently prepared and expectations that the Bank of Ko
Market research firm FnGuide said on March 8 that a total of 36 KOSPI-listed companies posted a cash dividend yield of 5 percent or more last year and the number of such companies doubled in one year. During the same period, a total of 458 companies paid dividends, including 23 that paid their first
Short selling surged in the Korean stock market in February due to the spread of COVID-19 infections. Short sellers such as foreign investors may have made a fortune, stock market experts say.The average daily short selling volume in the KOSPI market hit 595.9 billion won in March, KRX Short Selling
Bond yields are falling rapidly as investors are flocking to safe assets with the spread of COVID-19 raising the possibility of a global economic recession.The three-year government bond yield closed at 1.078 percent on March 6, down 2.6 basis points from a week ago, after dropping to 1.01 percent l
The Bank of Korea announced on March 2 that South Korean institutional investors’ foreign currency-denominated securities investment balance reached US$326.3 billion at the end of last year, up 22.9 percent from a year earlier.“Their demand for foreign bonds and stocks increased with interest rates
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. We expect sales of game companies to increase in line with a likely decrease in outdoor activities amid the Covid-19 outbreak. With new lineups resting, sales of existing games should continue to
The South Korean stock market is facing a shock comparable to that it experienced during the global financial crisis in 2008.The Korea Composite Stock Price Index (KOSPI) dropped from 2,242.17 points on Feb. 17 to 1,987.1 points on Feb. 28, falling below 2,000 points in about six months. The KOSPI 2
2019 was a fruitful year for the Incheon Free Economic Zone (IFEZ) as it exceeded its foreign direct investment (FDI) attraction goal by as much as 43 percent. Yet IFEZ needs to change its FDI attraction strategy this year as the South Korean government has abolished or reduced incentives for FDI an
Foreign investors are reducing their shareholdings in the South Korean stock market in the wake of COVID-19.According to Korea Exchange, they posted a net selling of no less than 887 billion won in the KOSPI market on Feb. 26. The daily net selling volume hit an 80-month high that day and their net
The Korean economy is hit hard by global COVID-19 infections that gripped the world. Two of the world's top three credit rating agencies lowered their forecasts for Korea's economic growth in 2020 to the 1 percent range, and some institutions did not rule out the possibility of Korea’s growt
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Last week, we attended Hyundai Glovis’s US NDR. In light of cost competitiveness, we expect the PCC division to see 3PL sales growth, M/S expansion, and profitability improvement in 2020. CKD sales
The Korea Composite Stock Price Index (KOSPI) dropped 3.87 percent to close at 2,079.04 points on Feb. 24, dipping below 2,100 points for the first time since Dec. 10 last year and showing the steepest daily decline in about 16 months. Likewise, the Korea Securities Dealers Automated Quotation Index
ERB, attracted $ 1 billion of investment from McKINLEY Investment, LLC. USA., starts to expand its market. Starting with Singapore, decided to target Thailand and Vietnam market. McKINLEY Investment, LLC. USA., is not widely known to the general public, mainly by establishing business partnerships w