A search for a new owner for Hyundai LNG Shipping is accelerating. Hyundai LNG Shipping is Korea’s No. 1 company in shipping liquid natural gas (LNG). As major shipping companies in the United States and Europe are emerging as candidates for the acquisition of Hyundai LNG Shipping, the shipping comp
The warning light has come on for the export front of Korean defense companies. The North Atlantic Treaty Organization (NATO) and British Commonwealth Forces seem to be leaning towards German defense companies. Some observers even say that it will be quite difficult for the Korean defense industry t
Hankook & Company has announced its commitment to maximizing shareholder value by appointing female outside directors ahead of its shareholder meeting on March 29, 2023. The move is part of the company's efforts to ensure diversity on its board of directors and to accelerate the improvement of i
Samsung Electronics laid out a plan to build a semiconductor cluster in the town of Namsa in Yongin, South Korea, on March 15. The announcement of the plan shows the Korean tech giant’s objective of not losing its leadership in a global semiconductor hegemony war. It is also meaningful in that the c
Australian analysts have said that Hanwha Aerospace’s Redback is a strong candidate to win an Australian armored vehicle project that costs about 23 trillion won (US$17.73 billion).Australian military authorities evaluated that the Australian-type armored vehicle Redback of Hanwha Aerospace was ahea
Korea Development Bank (KDB) has begun the process of selling management rights to HMM, an oceangoing Korean shipping company. It is seven years since the state-run bank took over the management rights to the company in a liquidity crisis from Hyundai Group in 2016.KDB announced on March 2 that it w
ST Pharm, a subsidiary of Dong-A Socio Group, announced on Feb. 23 that it signed an agreement with Multiverse Pharma in the United States for joint research on new antibody-encoding (AER) platform technology and biobetter mRNA drugs.Under the agreement, ST Pharm and Multiverse Pharma will develop f
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed.Maintain BUY; trim target price (KRW72,000→KRW70,000) We trim our TP (KRW72,000→KRW70,000) on Yuhan to reflect changes to 2023 ERP (5.41%), RFR (3.32%) and earnings estimates following the 4Q22 earnings release
Korea Electric Power Corp. announced on Feb. 14 that the amount of nuclear power generation in South Korea increased 11.4 percent to 176,054 GWh last year, when the amount topped 170,000 GWh for the first time ever.In 2022, South Korea’s total power generation was 594,392 GWh and nuclear power gener
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed.Maintain BUY; Revising up TP to KRW380,000 We maintain BUY on Hanmi Pharm but raise our TP from KRW350,000 to KRW380,000 upon changes to 2023E equity risk premium (5.41%) and risk-free rate (3.32%) as well as s
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. We anticipate notable earnings growth at KT’s new businesses, including its content, real estate holdings, and AI ventures. CEO appointment should be finalized within March, resolving market conc
Former Financial Services Commission Chairman Yim Jong-ryong became the sole candidate for the next chairman of Woori Financial Group on Feb. 3.“I will do my best for organizational innovation and new corporate culture so that the group can win even more trust from market participants,” he said afte
Shinhan Financial Group announced on Jan. 31 that it was included in the 2023 Bloomberg Gender Equality Index, becoming the first Korean financial group to be included in the index for five consecutive years.The Bloomberg Gender-Equality Index (BGEI) covers companies listed on the U.S. Stock Exchang
Busan Metropolitan City has been selected as the main guest city of the 834th Hamburg Port Anniversary, the biggest port festival in Europe, the city government announced on Jan. 24.The Hamburg Port Festival attracts more than one million visitors every year. This year's festival will be held fo
SKC is nearing a decision on the sites for its North American copper foil plants. The company is pushing for a plan to build a factory each in the United States and Canada. In the United States, Georgia is considered a strong candidate.“We compared Georgia with five other states and found that Georg
Although interest rates are rising amid the ongoing recession, more and more experts are predicting that investment in the domestic M&A market will increase this year, led by companies in the black with technological competitiveness.Such companies fared pretty well in last year’s market, where a lot
The Ministry of Science and ICT and the Korea Aerospace Research Institute announced on Dec. 28 that the Korea Pathfinder Lunar Orbiter Danuri successfully entered its mission orbit on Dec. 27.For one year to come, the orbiter will search for candidate landing sites for South Korea’s lunar landing m
The authors are analysts of Shinhan Securities. They can be reached at shawn1225@shinhan.com and sehunjang@shinhan.com, respectively. – Ed. ADC platform tech transfer deal worth KRW1.6tr sealed with AmgenLegoChem Biosciences disclosed on December 23 that it has signed an antibody-drug conjugate (ADC
The South Korean government is aiming to join the World Government Bond Index (WGBI) in March next year.South Korea became a candidate in September this year. For a country to become a part of the index, its government bonds outstanding must be at least US$50 billion, its S&P credit rating must be A
Visiting Vietnamese President Nguyen Xuan Phuc will hold a summit meeting with Korean President Yoon Suk-yeol in Seoul on Dec. 5. The meeting will be reportedly attended by the heads of major Korean conglomerates such as Samsung, Hyundai Motor, LG and Lotte. A large-scale economic delegation was inc