OSSTEM IMPLANT is scheduled for delisting from the KOSDAQ market on Aug. 14, marking an end to its 16-year presence since its market debut in 2007. The orderly liquidation period will span from Aug. 3 to Aug. 11.On Aug. 2, the Dentistry Investment consortium, formed by MBK Partners and Unison Capita
In 2Q 2023, LG Household & Health Care (LG H&H Co., Ltd) reported 1.8tr won in sales (-3.0% yoy), 158bn won in operating profit (-27.1% yoy).The Company sales decreased mainly due to Beauty’s 8% yoy decline, while HDB and Refreshment sales grew slightly yoy. Operating profit for the Company decrease
KT&G Corporation(“KT&G” or the “Company”) (KRX:033780), South Korea’s leading tobacco manufacturer, today announced financial results for the second quarter ended June 30, 2023. The Company also shared its robust shareholder return program, including interim dividend and share cancellation.For the 2
The business of separators, one of the core materials of batteries, is flying high as demand for batteries has climbed. Separators are one of the four main elements that make up a battery, along with anode materials, cathode materials, and electrolytes.The global separator market is expected to grow
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Backed by Eversoul, ArcheAge War, and Ares, Kakao Games is continuing to produce new-lineup successes in 2023. Earnings at the firm are believed to have bottomed out, and the share price has falle
Pernod Ricard Korea announced that it will host the Ballantine's Single Malt Glenburgie Pop-up Store, titled "Ballantine’s Single Malt Glenburgie: Unveiling Centuries Old Secrets," at Shinsegae Department Store Centum City in Busan until August 10 (Thursday).Themed "Unveiling Centuries Old Secre
The automotive display market is expected to grow at an average annual rate of 7.8 percent and exceed 16 trillion won in 2027, according to a new report.The Korea Display Industry Association forecast in its Automotive Display Value Chain Analysis Report on Aug. 2 that the automotive display market
Samsung Electronics has raised the mid- to long-term bar in the robotics business, one of its future growth drivers. The company has begun a full-scale review on how to develop a humanoid robot that walks on two feet like a human.According to industry sources on Aug. 2, Samsung Electronics has recen
KG Mobility has returned to profitability for the first time in seven years with its best-ever first-half performance in the first half of this year. The automaker gave credit for its popular Torres model, which showed brisk sales.KG Mobility announced on Aug. 2 that it sold 65,145 units in the firs
It has been found that the foreign ownership percentage of top market capitalization stocks has increased this year. Notably, foreign investors have extended their financial commitments into the domains of defense and construction.According to data released by the Korea Exchange on Aug. 2, the numbe
The recent downgrade of the United States credit rating by Fitch due to fiscal deficits and government debt holds important lessons for South Korea, which finds itself grappling with an inability to break free from the addiction to expanding its fiscal measures. Under the stewardship of the Moon Jae
Japanese automaker Toyota has achieved a significant milestone in its history during the second quarter of this year, surpassing 10 trillion yen in revenue for the first time and outpacing the sales of Hyundai Motor Group. However, Toyota’s market share has declined in critical markets such as the U
HANMI Semiconductor announced on Aug. 2 that it has commenced operation of the “Bonder Factory” to enhance the production capacity of the Dual TC Bonder, an essential piece of equipment for the production process of AI semiconductor wideband memory (HBM).The Bonder Factory has been established in Pl
On Aug. 2, the Korea National Railway announced that it has secured a contract for the “Preliminary Survey for the Construction and Operation of Tajikistan’s Urban Railway” as part of the “2023/24 KSP Policy Consultation Project” managed by the Ministry of Strategy and Finance and implemented by the
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Specialized steel pipe manufacturer Nexteel boasts sound earnings, with its raw materials cost-ASP spread widening amid strong US demand for energy pipes. Utilizing funds to be raised through
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.GC Biopharma delivered solid 2Q23 OP of W23.7bn, backed by: 1) advance recognition of 3Q23 domestic vaccine sales; and 2) cost control efforts at the nutritional foods business. In 3Q23, some earning
The author is an analyst for Shinhan Securities. He can be reached at heeyeon.lim@shinhan.com -- Ed.2Q operating loss of KRW12.6bn in line with expectationsKakaopay posted decent 2Q23 preliminary results with consolidated operating loss of KRW12.6bn (continued loss QoQ) on sales of KRW148.9bn (+5.2%
Korea’s trade balance posted a surplus for the second consecutive month thanks to a sharp drop in imports, mainly energy imports. Although Korea’s switch to a trade surplus has been accelerated, a rebound in exports, which have continued to decline, remains a challenge for Corporate Korea.According
In July, Korean-based carmakers’ sales in Korea fell for the first time in 11 months.According to the Korea Automobile Manufacturers Association (KAMA) on Aug. 1, the domestic sales including complete knock down car sales of five Korean-based carmakers including Hyundai Motor, Kia Corp., GM Korea, a
Intel’s drive to strengthen its foundry business poses a new threat to Samsung Electronics, which is in hot pursuit of TSMC. However, as a latecomer to the foundry business, it is difficult for Intel to expand its external customer volume in the short term. This makes analysts say that Intel is stil