Hanwha Engineering & Construction is redoubling its efforts for environmental, social and corporate governance (ESG) management by expanding green energy development.Last year, the company built a 76 MW wind farm in Yeongyang County and a 25 MW wind farm in Jeju. The construction of an 88 MW wind fa
Kumho Tire announced on Jan. 21 that it has recently received KC certification for its tire sensor module and wireless communication device that connects the module to the vehicle’s on-board information system.KC certification is a mandatory certification scheme in Korea for all electrical and elect
Hyosung T&C announced on Jan. 20 that it will supply “Regen Jeju,” an eco-friendly fiber, to world-class outdoor brand North Face.Hyosung T&C announced on Jan. 20 that it has signed a memorandum of understanding (MOU) with Jeju Special Self-Governing Province, Jeju Development Corp., and Youngone Ou
The number of South Korean LCCs is predicted to decrease from eight to three this year.As of the end of last year, a total of eight LCCs (Jin Air, Jeju Air, T’way Air, Air Busan, Air Seoul, Eastar Jet, Fly Gangwon and Aero K Airlines) were doing business in the market. Jin Air, Air Busan and Air Seo
Korean Air notified the competition authorities of nine countries, including the Korea Fair Trade Commission, of its acquisition of Asiana Airlines on Jan. 14. The same notification is scheduled to be given to seven more countries within this month.Once Hanjin Group acquires Asiana Airlines, its dom
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. In 4Q20, Orion’s OP likely upped 7.9% y-y even amid y-y high-base effect and weaker-than-normal Lunar New Year holiday effects. Noting strengthening fundamentals and market share expansion at home and
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Amid little recovery in international passenger demand, even domestic passenger demand fell (-38% y-y) in December. We believe the industry is passing the trough. In terms of cargo, cargo volume reac
A naming ceremony for LNG-powered ships HL Echo and HL Green is scheduled for Dec. 11. The vessels are South Korea’s first LNG-powered ocean-going ships.Each of the ships is a 180,000 ton mineral carrier that is approximately 292 meters in length and 45 meters in width and has an average navigation
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.In November, international passenger demand fell 97% y-y, but domestic passenger demand climbed 2% y-y. While domestic passenger demand is expected to remain sluggish in December due to an escalation
Doosan Heavy Industries & Construction (DHIC) has recently signed a memorandum of understanding with Korea South-East Power Company (KOEN) for the promotion of offshore wind farms in Korea.The two companies agreed to cooperate on the 2GW offshore wind farm projects being developed by KOEN in Gyeongi
Korea Gas Corp. (KOGAS) has succeeded in transferring LNG between LNG carriers in the middle of the sea. KOGAS has become the first company in the world to conduct LNG bunkering at sea using a ship to ship (STS) method.KOGAS said on Nov. 26 that it has completed an "STS LNG shipment test" for trial
Doosan Heavy Industries & Construction will build a system to produce hydrogen with wind energy in Jeju Island.The company announced on Nov. 25 that it has signed an agreement with Jeju Energy Corp. to verify green hydrogen production, storage and utilization technologies. Green hydrogen refers to h
AIA Life has launched ‘AIA Vitality Best-Fit Insurance,’ a product featuring 32 essential coverage combinations designed to meet the varying needs of individual customers across their life stages.AIA Vitality Best-Fit Insurance is AIA Life’s first “modular” insurance product, which means customers c
The Ministry of Land, Infrastructure and Transport and Statistics Korea announced on Nov. 16 that land owned by foreigners increased from 71,575 lots (190,550,794 square meters) to 147,483 lots (248,666,253 square meters) from 2011 to 2019 and the official price of the land rose from 24,995.7 billio
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Orion, CJCJ, Nongshim, Samyang Foods, Pulmuone, and KT&G are being aggressive in entering overseas marketsThe domestic F&B companies that are aggressive in entering overseas markets include Orion, CJC
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Hotel Shilla’s 3Q20 results beat consensus thanks to large resellers’ steady orders and an increased portion of individual resellers. The turnaround should continue in 4Q20 on the greater portion of
Democratic Party of Korea lawmaker Jo O-seop said on Oct. 22 that Korea Airports Corp. (KAC) has purchased a total of 13 drones since 2016 for the purpose of aviation safety facility inspection, training, and so on, all of those have been supplied by DJI, and the Chinese company has had information
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. In September, sales and OP at Orion rose 12% and 5% y-y, respectively. From 2H20, y-y high-base effect is to pick up somewhat, but the firm’s earnings should remain solid, considering the trend toward
Selling fresh produce from an island to the whole nationIn 1995, when then-33-year-old Kim Jeong-yeol started his fruit and vegetable farm on Korea’s Jeju Island, he had a lot to learn. Jeju was his home, so he knew his way around. But his parents had run a factory and he was completely new to farmi
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. In August, international and domestic passenger demand continued to trend downwards, falling 97% y-y and 7% y-y respectively. But, cargo volume upped 1.2% in response to brisk cargo demand on US rou