Hanwha Life Insurance President Kim Dong-won attended the Davos Forum held in Switzerland from Jan. 15 to 19.Visiting Davos for the second consecutive year, President Kim Dong-won conducted over 10 business meetings during the event. He focused on determining the direction of Hanwha Life Insurance’s
Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of Huawei Data Center Facility Domain, defined the three characteristics of future data centers: reliable, simplified, and sustainable. Yao
The Ministry of Trade, Industry and Energy (MOTIE) announced on Jan. 18 that Deputy Trade Minister Yang Byung-nae met with a delegation of companies, including Solid Power Chief Operating Officer Derek Johnson, who visited the ministry to discuss cooperation in the field of next-generation batteries
HD Hyundai announced on Jan. 17 that its Vice Chairman Chung Ki-sun attended the Supply Chain & Transport Governors and Oil & Gas Governors group at the Davos Forum in Switzerland to discuss decarbonization initiatives and cooperation.The Supply Chain & Transportation Governors is a group of CEOs fr
KT&G announced on Jan. 17 that it has been diligently cooperating with the U.S. government’s investigation into allegations of tobacco-related regulatory violations since 2021.KT&G issued a statement on the day, stating, “The company has submitted a comprehensive document and materials regarding the
SK on, a leading global electric vehicle battery manufacturer, will strengthen its partnership with Solid Power, a U.S.-based leading developer of solid-state battery technology, to accelerate the development of all-solid-state batteries (ASSBs).SK on announced today it signed a research and develop
Iljin Electric disclosed on Jan. 16 that it secured a contract with Malaysia’s state-owned electricity utility, Tenaga Nasional Berhad (TNB), on Jan. 9. The US$36 million contract involves the supply of materials and connection construction for a 52.4 km, 275 kV high-voltage underground cable projec
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.In contrast to market concerns, KT should report healthy 2023 OP, as various expenses that occur each 4Q likely eased. We anticipate solid earnings at major subsidiaries and expect a highlighting
The merger between Korean Air and Asiana Airlines, which has been dragging on for over three years, gained momentum by overcoming a significant hurdle. The European Union (EU) competition authorities, who had been rigorously reviewing the merger, have reportedly made a de facto approval decision.If
SK telecom announced on Jan. 14 that its President Ryu Young-sang and key executives participated in the world’s largest IT and consumer electronics show, CES 2024, which concluded on Jan. 12. They focused on expanding collaborations with global partners based on the company’s AI Pyramid strategy.Th
In the global electric vehicle (EV) market, the market share of South Korean battery manufacturers has fallen below 50%. China’s CATL, previously dominant only in the domestic market, is now matching LG Energy Solution in the global market outside China, enhancing its presence significantly.Accordin
Samsung Electronics’ stock price has been struggling to reach the 80,000-won (US$60.61) mark. On Jan. 9, the company concluded the market at 74,700 won, recording a decrease of 1,800 won, or 2.35%, compared to the previous day. Although Samsung Electronics briefly rose to 77,000 won in the early mar
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Although sales of NCSOFT’s TL have arrived sluggish, initial payment for the title should be reflected alongside its global release. Moving ahead, we expect NCSOFT to display a change in strategy
In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk carrier operator Pan Ocean plummeted due to a slump in the shipping industry.According to financial information firm FnGuide on Jan. 8, the estimated performance consensus for
After facing performance setbacks last year, Amorepacific is aiming for a rebound in the U.S. market this year.A report released by Kiwoom Securities on Jan. 5 forecasts that Amorepacific’s revenue for this year will be 4.2177 trillion won, with operating profits expected to be 406.1 billion won.In
LG Electronics continued its strong performance in 2023, setting new records in sales for the third consecutive year and achieving significant growth. Notably, in the fourth quarter of 2023, its operating profit surged by an impressive 350.9% compared to the same period last year, demonstrating soli
Three mid-sized Korean-based automakers -- GM Korea, KG Mobility, and Renault Korea Motors -- exported eight out of every 10 units they sold last year, according to industry sources. These three companies, which exited the tunnel of losses by expanding exports, plan to solidify their rebound momentu
The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.Sales growth to slow at HMG in 2024In 2024, an earnings growth slowdown is largely expected for HMG. The company has set a global wholesale target of 7.443mn units (+1.9% y-y) and domestic sales
In India, where global corporations and investors are focusing their attention as the “next China,” Mirae Asset Global Investments is gaining influence in the local market by surpassing 1 trillion won in assets under management (AUM) with its exchange-traded funds (ETFs).According to the asset manag
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.HD Hyundai Electric is expected to have earned sales of KRW844bn (+24% YoY) and operating profit of KRW100.9bn (+97% YoY) in 4Q23, beating consensus estimates by 6% and 14%, respectively. Operating margin like