NH NongHyup Bank announced on July 16 that it held an opening ceremony for its Noida Branch in India on July 13 (local time).More than 100 people, including Kim Yong-gi, vice president of NH NongHyup Financial Group; Chang Jae-bok, South Korean Ambassador to India; Awasthi, CEO of the Indian Farmers
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Leading indicator of media sector turnaroundWe note that the upturn in share prices of domestic media plays including production studios is closely linked to the recovery of ad market conditions at home
South Korea’s nominal gross domestic product (GDP) is provisionally ranked 13th in the world. It has dropped out of the global top 10.According to statistics released by the Bank of Korea (BOK) on July 12, South Korea’s nominal GDP at market exchange rates was US$1.6732 trillion in 2022. It ranked 1
GC Biopharma’s and SK plasma’s entries into Indonesia will accelerate this year. GC Biopharma is expected to finalize all procedures within this year after receiving approval for business rights related to the construction of a blood product factory and a technology transfer from the Indonesian gove
Korea and China are set to compete in the battery industry in Southeast Asia with high growth potential. Korean companies are investing heavily in Indonesia, Thailand, Malaysia, and Vietnam, the four largest electric vehicle markets in Southeast Asia. China, which has been blocked from entering Nort
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.2Q23 earnings to miss expectationsLG H&H is expected to have registered consolidated operating profit of KRW183.6bn (-15% YoY) on sales of KRW1.78tr (-5% YoY) in 2Q23, coming short of our estimates. Sales
In the midst of the U.S.-China semiconductor supremacy race, India is revealing its ambition to become a major base for the world semiconductor industry by replacing China. The Indian government has offered significant incentives to global semiconductor companies leading many to decide to invest in
As the trend of de-sinicization rises across industries in Korea, Altasia is emerging as an alternative to China.The Korea Chamber of Commerce and Industry (KCCI) released the results of its study on changes in the global trade structure and countermeasures on July 5, revealing that 14 Asian countri
India has previously been heavily dependent on Russian arms. But now the nation has emerged as a new export destination for the Korean defense industry.According to industry sources on July 4, Hanwha Aerospace plans to participate in the Indian Army’s Future Infantry Combat Vehicle (FICV) Project. T
As China’s recovery from the coronavirus pandemic has been slower than expected, investors are increasingly turning to so-called post-China markets such as India and Vietnam.In fact, the Indian and Vietnamese stock markets have been rising steadily this year. The Sensex and Nifty 50, India’s leading
The author is an analyst at NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Battlegrounds Mobile India (BGMI) service has restarted, and Krafton’s Battlegrounds IP should maintain steady sales with the help of various events (including Esports tournaments) in 2H23. Despite
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.In May, global handset sales continued to fall, led by the US and EU. We note that Apple sales are solid. Demand is unlikely to improve until September. Companies that can benefit from the iPhone 1
The government will shorten the site preparation period for the world’s largest system semiconductor industrial complex to be built in Yongin, Gyeonggi Province of Korea by two years. As governments in the United States, countries in the European Union (EU), Japan and other countries are scrambling
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Top-line growth continues for a fourth straight monthOrion’s top-line growth continued across the board in May with sales rising 21.3% in Korea, 13.1% in China, 8.4% in Vietnam, and 8.9% in Russi
Around 800 affluent individuals are projected to emigrate from South Korea this year, doubling the figure from last year. In contrast, the outflow of the rich in China is anticipated to reach 13,500 people.Investment immigration consulting firm Henley & Partners revealed these estimates in its “2023
Samsung SDI and General Motors (GM) have announced their plans to construct a joint venture electric vehicle battery plant in the state of Indiana in the U.S., with mass production set to begin by 2026.On June 13 (local time), the companies announced their decision to build the joint venture in New
Korea’s exports of materials, parts, and equipment for displays have plummeted to about half of last year’s level so far this year amid the global economic downturn and sluggish demand.On June 13, the Korea Display Industry Association shared the current status of Korea’s exports of materials, parts
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The Biden administration is emphasizing the role of nuclear power plants (NPPs), including small module reactors (SMRs). According to a report published by the Department of Energy (DOE), the US i
Kim Jin-yong, commissioner of the Incheon Free Economic Zone Authority (IFEZ), announced on June 13 that the organization has signed a memorandum of understanding (MOU) with Eric Leung, the representative of AISL Harrow International School, the incorporation for the establishment of the Asian branc
Hyundai Motor Group announced on June 12 its plans to ramp up this year's dividend payout from its foreign subsidiaries, known to have substantial surplusses. This increase, amounting to 4.6 times that of the previous year, will direct approximately 7.8 trillion won (equivalent to $5.9 billion)