Samsung Electronics’ market capitalization fell to 387 trillion won on May 12, going below the 390 trillion won range four days after the 400 trillion won mark was broken on May 6. This means that the company lost one quarter of its market capitalization in a year and a half.Samsung Electronics clos
Celltrion has posted the lowest operating margin in 13 quarters. The company announced on May 12 that it posted 550.6 billion won in sales, 142.3 billion won in operating profit, and 121.2 billion won in net profit in the first quarter on a consolidated basis. Its sales climbed by 20.5 percent over
LG U+ announced on May 10 that it has strengthened customer services for foreigners residing in Korea who have difficulty communicating in Korean.Communication services are essential for foreign customers, but foreign customers from non-English-speaking countries often experience inconvenience becau
The new government will toughen regulations on foreigners who purchase multiple houses in Korea. In particular, it is expected to focus on the Chinese investors who have recently bought many houses in the capital zone, including Seoul and Gyeonggi Province.The Presidential Transition Committee said
The Bank of Korea announced on April 19 that residents’ foreign currency deposits decreased US$5.43 billion to US$92.71 billion last month.The deposits can be defined as those owned by local individuals and companies, foreigners staying for at least six months in South Korea, and foreign companies d
As controversy over counterfeit products arises in e-marketplaces, Naver is tightening the conditions for foreigners wishing to join Naver Smart Store. In the future, foreign residents in Korea will be required to submit their business registration cards to receive approval from Naver.Naver will blo
Singaporean investment firm Temasek Holdings has sold off part of its stakes in Celltrion and its distribution affiliate Celltrion Healthcare in a block deal on March 21.The Singapore sovereign wealth fund reportedly sold 390 billion worth of Celltrion stocks and 170 billion won worth of shares in C
Krafton, the South Korean game maker that created the global smash hit PlayerUnknown’s Battlegrounds, had the disgrace of having the steepest share price decline on the country’s benchmark Kospi in the new year.Krafton’s stock price fell 40.33 percent (185,500 won) from 460,000 won at the end of 202
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