LG CNS has entered the emerging 5G private network business. It will build and operate a private 5G network at LG Innotek's plant in Gumi.The Ministry of Science and ICT announced on March 31 that it has completed frequency assignment for LG CNS and registered it as a basic communication busines
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY; cut target price 4.8% to KRW10,000 We maintain BUY on Mirae Asset Securities but cut our TP 4.8% to KRW10,000. Our rating is unchanged given (1) continual efforts to support the stock price via st
Korea Water Resources Corp. launched the digital water platform ‘wateRound’ at the Abdou Diouf International Convention Center in Senegal, where the 9th World Water Forum is held, on March 22.The cloud-based platform provides water-related data owned by various organizations such as Korea Water Reso
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and mintz95@shinhan.com, respectively. -- Ed. Over-20% YoY growth continues for both sales and OP in 4Q21NICE Information Service posted strong earnings growth through 4Q21 with sales reaching KRW133bn (+2
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. With the presidential election now decided, expectations are rising towards a friendly business environment for the platform industry. Considering positives in play for the sector, including anti
Samsung Electronics’ Galaxy S22 series, which was expected to set a new sales record, hit a snag -- the forced use of the game optimizing service (GOS). Criticism is growing among consumers as suspicions arose that the Korean smartphone giant tried to solve the overheating problem through forced GOS
Naver Webtoon announced on Feb. 16 that the number of monthly active users (MAUs) exceeded 82 million in January. The figure reached 72 million in December 2020.As the number of global users swelled, the amount of paid transactions also increased. According to the company, monthly transactions toppe
The South Korean government allowed corporations and institutions to build and operate private 5G networks last year to promote the use of 5G communications. However, few companies are showing interest in building local 5G networks.At present, Naver Cloud is the only company that is using private 5G
Naver is planning to open an in-house hospital next month. According to the company, the hospital will be a paperless hospital and a test bed for its healthcare business expansion. The company is also planning to acquire 10 percent of ezCaretech by investing 30 billion won. ezCaretech provides elect
Saudi Arabia’s Public Investment Fund (PIF) has invested 1 trillion won in Nexon. Recently, a series of big deals has taken place in the global game industry, including Microsoft’s acquisition of Activision Blizzard. PIF has been expanding its investment in game companies and has recognized Nexon’s
The Ministry of Science and ICT designated Google, Netflix, Meta, Naver and Kakao as value added common carriers that must ensure service stability this year.According to the Telecommunications Business Act, every value added common carrier with an average daily user count of one million or more and
Samsung Electronics announced on Feb. 2 that its metaverse experience space unveiled at CES 2022 has logged over 4 million visits.The company's metaverse experience space, dubbed "My House," is built on Naver's Zepeto platform. The company said My House is the only brand service on Zepeto th
Corporate interest in private 5G networks is growing. Private 5G or local 5G refers to 5G communication networks built and operated by businesses in limited areas to utilize 5G's high speed, ultra-low latency and ultra-connectivity.Earlier, at the end of 2021, Naver Cloud was selected as the fir
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Healthy sales growth continues at NAVER, and long-term earnings expansion is expected thanks to investment in new businesses. Having fallen along with the broader market downturn due to concerns
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
Naver has recruited young scholars, including a professor at the Massachusetts Institute of Technology (MIT), to upgrade its AI-powered search services.The company announced on Jan. 24 that it has recently recruited Professor Kim Yoon-hyung of MIT and Professor Karl Stratos of Rutgers University as
Naver Webtoon announced on Jan. 18 that its webtoon and web novel “Seven Fates: Chakho,” which was created through collaboration with the global boy band BTS, recorded 15 million cumulative views within two days of its global release. It is a new record among the company's works.Thanks to the re
Apple Korea’s sales amounted to approximately seven trillion won and its corporate tax payment was 31.3 billion won last year, when it sent 873 billion won, more than 700 percent of its net profit, to its U.S. parent company. For reference, Google Korea’s sales were 220.1 billion won last year, the
The Korea Communications Commission announced on Jan. 11 that Apple Korea submitted a plan on Jan. 7 for its compliance with the Telecommunications Business Act, which is to prohibit app market operators from forcing a certain way of payment in relation to developers.According to the plan, Apple Kor
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and mintz95@shinhan.com, respectively. -- Ed. Banks with high share of variable-rate loans show stronger fundamentals during rate hike cyclesBanks with a relatively large portion of variable-rate loans ten