With Cho Hyun-sik, the advisor of Hankook & Company and the eldest son of the tire maker’s honorary chairman, preparing to take over the leadership in collaboration with MBK Partners, Cho Yang-rae, the honorary chairman of Hankook & Company, is once again offering support to Chairman Cho Hyun-bum, t
The Korean government has decided to lower Korea’s import dependence on 185 key items for semiconductors, secondary batteries, automobiles and shipbuilding to 50% by 2030. As of last year, Korea’s import dependence averaged 70%, with some items exceeding 90%.The Ministry of Trade, Industry and Energ
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Amid the process of Lotte Rental expanding its used car rental business, its used car sales volume has decreased. But, its sales and OP growth should sustain in 2024 on both export expansion and brand
WASHINGTON—In advanced industries such as computers and electronics, motor vehicles, and machinery and equipment, South Korea’s economy is 77 percent stronger than the relative global average, ranking second behind only Taiwan, according to a new report from the Information Technology and Innovation
Asiana Airlines will weigh passengers on its domestic flights for 10 days from Dec. 12 to 21. According to the airline, this complies with regulations of Ministry of Land, Infrastructure, and Transport and is aimed at ensuring safe operations.At the Departure Gate of Gimpo Airport’s Domestic Termina
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
Data reveals that 60% of all private equity funds recorded deficits. Despite an increase in both the total number of private equity funds and their assets under management, the growing number of companies operating in the red indicates an accelerating polarization in the private equity market, accor
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.Mirae Asset Life’s share price is moving strong in response to majority shareholders’ share purchasing activity. However, it is unclear as to how long these purchase effects will last.Share price ener
Global EV battery usage continued to enjoy double-digit growth this year despite concerns that the growth of the EV market will slow down.The total usage of batteries in battery electric vehicles, plug-in hybrids, and hybrid vehicles registered in various countries from January to October this year
In the third quarter, as the global NAND flash market saw a slight increase in sales, major companies also reported growth in revenue. Samsung Electronics maintained its lead with the number one market share, while SK hynix climbed from third to second place.Market research firm TrendForce reported
The Organic Light-Emitting Diode (OLED) emissive material market is projected to exceed US$2.4 billion by 2028, with China expected to account for a significant 44% of this growth.According to market research firm UBi Research on Dec. 4, the market for emissive materials used in OLEDs is anticipated
It has been revealed that the outstanding corporate loans of the five major commercial banks in South Korea have surged by over 65 trillion won since the beginning of this year. With the government and financial authorities seeking to restrain household loans, there is increasingly intense competiti
HiteJinro has announced its foray into the U.K. market by launching two types of fruit liqueurs in 88 Sainsbury’s stores, Sainsbury’s Online, and Ocado, as reported on Nov. 28. The company’s soju exports to the U.K. have seen a significant average annual growth rate of about 73% over the past three
The proportion of young adults aged 19 to 34 living alone surpassed 20 percent as pf 2020, more than three times the rate 20 years ago. The unmarried rate among young adults, which stood at 54.5 percent in 2000, has skyrocketed to 81.5 percent in just two decades. Consequently, it is anticipated tha
The number of venture companies with annual revenue exceeding 100 billion won (US$76.8 million) last year reached the record high of 869, the highest figure in history. The growth rate also set a new record, achieving an unprecedented 17.6 percent increase, or 130 companies, compared to the previous
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
The acquisition battle for South Korea’s largest shipping company HMM has narrowed to a competition between Dongwon Group and Harim Group.According to investment banking (IB) sources on Nov. 23, HMM’s bondholders, including Korea Development Bank (KDB), Korea Ocean Business Corporation, and the sell
Samsung Electronics recently presented a number of memory strategies to prepare for the “AI Big Bang” era at the Investors Forum 2023 in Hong Kong.The company aims to dominate the automotive memory market by 2025, with plans to roll out AI-related products starting next year. The AI market is expand
Samsung Electronics has been ranked among the top five global brands for the fourth consecutive year.The Korean tech giant took fifth place in the world with a brand value of US$91.4 billion. This is a 4 percent jump from 2022, according to the Global 100 Brands released by Interbrand, a global bran
The average wages of employees belonging to the “Big 3” shipyards in South Korea -- HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean -- have increased by approximately 15% in the past year. Particularly noteworthy is Hanwha Ocean, where the average wage surged by around 12 mil