According to sources from the business sector on Sept. 7, Lotte Group Chairman Shin Dong-bin is considering a visit to Vietnam on Sept. 22 to attend the grand opening ceremony of “Lotte Mall West Lake Hanoi” operated by Lotte Shopping.Lotte is opening Lotte Mall West Lake Hanoi to expand its presenc
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Market correction nearing an endHyosung TNC shares enjoyed a rally early this year on hopes for China’s economic reopening and robust earnings, but pared all their gains during the steep correction
Despite frozen consumer sentiment in the global market, Samsung Electronics has retained its top position in smartphone market share for Q2. Despite facing a tough challenge from Apple, which plans to release its iPhone 15 series this month, there are expectations that Apple’s product launch might n
LG will establish its first European electric vehicle parts plant in Hungary. The automotive electronics business is LG’s flagship business with a cumulative order backlog of 100 trillion won at the end of the year. The average annual growth rate over the past 10 years has reached 30 percent. LG Ele
LG Electronics, which has declared itself to be a smart life solutions company as its future vision, has unveiled a strategy to realize its vision in its electronics business following its home appliance business. Centering on a future mobility customer experience theme developed based on customer r
Samsung Electronics’ Organic Light Emitting Diode (OLED) TV, a collaboration between Samsung and LG, failed to debut at IFA 2023, Europe’s largest electronics show, sparking interest in the reasons behind the decision.According to industry sources on Sept. 4, Samsung Electronics showcased a series o
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Binggrae has drawn market attention as it delivered an earnings surprise for 2Q23, energized by a widening export sales portion. Margins are to continue improving in 3Q23 on solid ice cream exports
A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
KT announced on Aug. 31 that it will be hosting a conference with the Global System for Mobile Communications Association (GSMA) named Mobile 360 Asia Pacific (M360 APAC) at the Westin Chosun Hotel in central Seoul Sept. 7-8.The M360, held continentally, witnesses participation from over 1,000 major
Eight out of ten business leaders have expressed the belief that the Chinese economy will continue to deteriorate in the future. This outlook is attributed to mounting concerns over risks stemming from China, notably those associated with the U.S.-China conflict. It is increasingly evident that the
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Strong top-line growth continuing in the domestic marketGamsung Corp sells Snow Peak brand apparel under its licensing agreement with the Japanese camping brand. The company's rapid growth in earnings has
Refining margins, a key indicator of profitability in the oil refinery industry, have risen steeply recently, expanding expectations for improved business performances in the second half of the year.Singapore’s composite refining margin stood at US$14.13 a barrel as of Dec. 18, the highest in about
In the first half of this year, South Korea’s top four petrochemical companies – LG Chem, Lotte Chemical, Kumho Petrochemical, and Hanwha Solutions – have collectively lowered the average operational rates at their domestic petrochemical plants. This adjustment comes as the petrochemical industry ha
Kim Byung-gu, the head of LG Display’s automotive business group and executive vice president, unveiled LG Display’s OLED displays designed for automotive use and introduced the entire portfolio of premium brands involved in automotive production and development for the first time at IMID 2023, whic
The overseas subsidiary capital of Mirae Asset Securities has exceeded 4 trillion won (US$2.99 billion). It is the largest among domestic securities firms. The net profit earned overseas is also steadily increasing.According to the investment banking industry on Aug. 22, the capital of Mirae Asset S
Samsung Electronics’ sales in China for the first half of this year have declined by more than 12 trillion won compared to the same period last year. There are visible signs of Samsung’s movement away from China, with both the number of their operational facilities and employees in the country on th
Samsung Electronics and SK hynix have showcased their world-leading NAND flash memory semiconductor technology. SK hynix has taken the lead in NAND industry stacking competition by opening the 300-layer era of NAND for the first time in the industry. Samsung Electronics also attracted attention by i
The rise of Poland as a prominent hub for Eastern European electric vehicle battery and defense industries has positioned it as a strategic focal point for domestic and international corporations. The recent collaboration with Ukraine’s reconstruction efforts has also attracted attention from domest
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India.According to foreign media outlets including the Economic Times of India, Chinese electric vehicle mak