Hanwha Ocean decided on a capital increase of approximately 2 trillion won during its board meeting on Aug. 23. Concurrently, the company also set forth a goal to achieve 30 trillion won in sales and 5 trillion won in operating profit by 2040.Out of the funds secured from this capital raise, about 9
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Having weathered a delay, Samyoung’s new production line for capacitor films is about to come online. Upon mass-production of capacitor films for EVs, sales mix improvement should lead to ful
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.US government and Fed seek to bring down inflation without a recessionThe US Fed is seeking to stabilize inflation at lower levels without a recession in hopes of avoiding a repeat of the 1970s. It has rai
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.NAVER’s AI businesses are to kick off in earnest with the unveiling of HyperCLOVA X on Aug 24. Despite competition from global tech giants, we expect NAVER to maintain its leadership in the domest
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Kukdo Chemical reported profit gains in 2Q23 despite weak ASP, backed by sales volume growth. The Chinese epoxy resin unit returned to profit. However, epoxy market conditions continued to be weigh
A bad feeling is growing among makers of electric vehicles that previously enjoyed rapid sales growth in the global automobile market. This is because their sales growth is staying on the skids year on year in major markets such as Korea, China, and the United States.According to the Korea Automobil
Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s exports rose 11.9 percent year on year. The Korean shipbuilding industry secured four years’ worth of work through the end of the first half of this year. This is the largest order ba
As the hydrogen market is expected to expand as an eco-friendly energy industry, major countries are rushing to promote hydrogen utilization promotion policies.On Aug. 22, the Korea International Trade Association (KITA) released a report on policy research to boost the competitiveness of the Korean
ABSOLUT premium vodka, Pernod Ricard Korea’s flagship brand, is collaborating with Sticky Monster Lab to open a pop-up space called ‘ABSOLUT Ground’ mix with Sticky Monster Lab at Common Ground near Konkuk University in Gwangjin-gu, Seoul.Our second pop-up space following last year’s ‘ABSOLUT Home’
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Spiking real interest rates undermine fiscal sustainability. The US government will try to pace its spending and ease supply pressures through the TGA account. However, investors have no incentive to
Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) is preparing to raise funds amounting to around 2 trillion won. This move is proactive investment in defense and other sectors in preparation for the future.On Aug. 22, Hanwha Ocean announced, “We are reviewing various ways to raise fu
The domestic car market is rapidly reorienting around SUVs. For the first time, SUVs have surpassed 60% of the total new car market share this year.According to industry sources on Aug. 22, a total of 546,230 SUVs, including leisure vehicles (RVs), were sold domestically from January to July this ye
In the first half of this year South Korea’s steel imports showed an increase of over 10% compared to last year. This significant rise in imports is attributed to fluctuations in the exchange rates of major importing countries like China and Japan coupled with a domestic industrial boom leading to a
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
On Aug. 22, JW Pharmaceutical announced that it has received approval for the Phase 3 clinical trial plan (IND) of the gout drug “Epanewrad” (code name URC102) from the Taiwan Food and Drug Administration (TFDA).Epanewrad, which JW Pharmaceutical is developing as an oral medication, is a uric acid e
The Japanese yen-U.S. dollar exchange rate rose to 146 yen per U.S. dollar on the Tokyo foreign exchange market on Aug. 17. It reached the highest level in nine months since November 2022 and the highest so far this year.While the Japanese yen has stayed at one of the lowest points in history, the K
Seoul Sisters participated in KCON LA 2023 and, at the same time, they are actively targeting the US market. Seoul Sisters, who are targeting the global market starting with Amazon, plan to accelerate their entry into the US mainland by expanding offline channels after KCON LA 2023.Seoul Sisters has
Aiitone, a company that specializes in the defense industry, is enhancing its cooperation with Saudi state-owned military companies.Aiitone, a KOSDAQ-listed company, announced on Aug. 17 that a visiting delegation led by CEO Jin Yeop Lee made a surprise visit to Saudi Arabian Military Industries (re
Korean materials companies are considering launching research about LFP cathode materials, but this is the first time they have officially announced that.EcoPro BM and POSCO Future M started developing LFP cathode materials in earnest from the second quarter of this year, according to their semi-ann
Following a ban on overseas transfers of rare earth permanent magnet manufacturing technology at the end of 2022, China has decided to control the export of gallium and germanium emerging as next-generation semiconductor materials, starting from August. The Russian-Ukrainian war, which has been goin