LG Energy Solution was listed on KOSPI on Jan. 27. Its initial stock price did not reach twice the IPO price. Its closing price fell more than 15 percent from the initial price.LG Energy Solution’s public offering price stood at 300,000 won. The subscription competition rate at institutional investo
KGC Ginseng Corp. (KGC) has released a world map of best-selling CheongKwanJang Red Ginseng products by country.China takes the lion’s share in the overseas red ginseng market. Like Korea, China has a Lunar New Year culture, so ginseng sales in January and February exceed more than 20 percent of ann
Osstem Implant, South Korea's top dental implant manufacturer, announced on Jan. 3 that it has sued its employee, identified by his surname Lee, for embezzlement. The estimated amount of the embezzlement is 188 billion won, which amounts to 91.81 percent of the company’s equity capital of 284.7
The South Korean government has prepared a new technology protection strategy.At present, a government approval is required for an enterprise with a national core technology to sell 50 percent or more of its stake to a foreigner. According to the new strategy, the percentage is 30 percent or more in
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. We expect Korean ramen makers to enjoy an earnings rebound next year, as the full-fledged effects of domestic price hikes kick in. Domestic ramen companies have been expanding their distribution netwo
The South Korean government announced a new technology protection strategy on Dec. 23. The national strategy is a combination of those that have been separately implemented by different ministries.Technologies in the semiconductor, display and EV battery industries have been added to the national st
Financial Services Commission Chairman Koh Seung-beom remarked again that the short selling ban in the South Korean stock market needs to be lifted. “The current partial ban needs to be lifted in the end, and we are seeking the best timing and method,” he said.Koh made the remark as the South Korean
A survey has found that Hyundai Motor Co. is the No. 1 brand that is searched on Google with “incorrect spellings.” Although the number of searches is increasing due to the increased brand interest in Hyundai Motor, many foreigners searched for the Korean automaker with an incorrect spelling due to
The volume of short-selling transactions in the Korean stock market exceeded 1 trillion won on Nov. 30, the largest since May 3, the day short-selling was resumed.Short selling transactions in the KOSPI and KOSDAQ markets totaled 1,095.3 billion won on Dec. 1, the Korea Exchange said. The KOSPI mark
The Bank of Korea announced on Nov. 16 that residents’ foreign currency deposits hit an all-time high of US$100.77 billion at the end of last month. The deposits increased US$6.57 billion in October and the amount of increase is the largest since October last year. The deposits increased for the thi
The South Korean government announced on Nov. 16 that the number of South Koreans fully vaccinated against COVID-19 increased by 87,466 to 40,193,024 on Nov. 15.That day, the ratio of those fully vaccinated to the entire population reached 78.3 percent and the ratio to those aged at least 18 reached
Foreign investors' stake in Samsung Electronics has dropped to the lowest point in four and a half years.Samsung Electronics' stock price rose 0.57 percent from the previous trading day to 76,600 won on Nov. 8. Foreign investors held 3,057.13 million common shares in the company, accounting
The number of foreigners covered by the national health insurance of South Korea exceeded 1.2 million this year and the number of dependents registered by them is close to 200,000. Under the circumstances, a YouTube video posted by a Chinese woman is causing controversy.According to this video, the
Incheon Free Economic Zone (IFEZ) Authority celebrated its 18th anniversary on Oct. 15. IFEZ was designated as Korea's first free economic zone (FEZ) in August 2003. IFEZ Authority opened in October of the same year under the Korean government’s strategy of strengthening national competitiveness
The Ministry of Land, Infrastructure and Transport announced on Oct. 24 that the Special Act on Private Rental Housing would be revised so that every foreigner must report his or her status and period of stay as well as registration number and nationality to become a registered landlord in South Kor
Foreign investors’ listed bond holdings in South Korea exceeded 200 trillion won for the first time in history. According to experts, this is because the South Korean economy is maintaining a high level of creditworthiness and global stock market uncertainties are increasing to make the government b
Democratic Party of Korea lawmaker Song Jae-ho remarked on Oct. 6 that short selling by foreigners totaled 193.776 trillion won in KOSPI and 39.418 trillion won in KOSDAQ from May 3 to Sept. 17.In that period when short selling was partially allowed in the South Korean stock market, their short sell
Incheon Free Economic Zone (IFEZ) Authority announced on Oct. 5 that the IFEZ Global Center recently offered an online cooking course for foreigners living in Songdo International City in Incheon.A total of 16 foreigners attended the course and made three dishes — tofu japchae (Korean glass noodle),
Independent lawmaker Lee Yong-ho said on Sept. 22 that the national health insurance program of South Korea covered 1,219,520 foreigners and 194,133 dependents registered by them at the end of July this year.“No less than nine dependents were registered by one Chinese in 2019 and the same number of
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Given its nature as a public company, it is difficult for GKL to improve its cost efficiency. Thus, a sales rebound via improved customer accessibility is the only way that the firm can achieve ear