The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Adhering to a Buy rating, we raise our TP on HYBE to W370,000 in consideration of the firm’s leading position in the fandom platform arena, backed by the securing of global artists for its Weverse
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. A rise in business formation and registration has continued through May 2021, contrasting dramatically with the patterns seen during the Great Recession, when applications for prosp
The Ministry of Economy and Finance announced on Aug. 31 that major public institutions’ debts are estimated to reach 549.6 trillion won this year, 606.9 trillion won in 2023, and 638.9 trillion won in 2025.Such a rapid increase in the debts of the 40 institutions is because public enterprises are i
The Bank of Korea announced on Aug. 19 that South Korea's external financial assets increased by US$85 billion to an all-time high of US$2,073.4 billion in the second quarter of this year."Securities investment increased by US$50.9 billion with foreign stock markets rallying and equity securitie
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. Starting a Limited Liability Company has become a part of the entrepreneurial journey, especially as the US reaches record annual company formations. It is important to kn
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. LGI’s share price has recently fallen despite solid earnings and a favorable outlook. We mainly attribute the decline to concerns over slowing new product sales growth at its main client and doubt
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. YG Ent registered an earnings surprise for 2Q21. Its sales growth stamina is strengthening on both the expansion of the fandom and the start of HYBE album and music sales. We raise our TP to W85,00
The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. 2Q21 review: Earnings shock due to increases in marketing expense, labor cost— Netmarble reported 2Q21 revenue of KRW577.2bn (+1.2% QoQ, -15.8% YoY) and OP of KRW16.2bn (-70.1% QoQ, -80.2% YoY), missing the market
Edison Motors, an electric vehicle company seeking to acquire SsangYong Motor, has secured two PEF operators as financial investors (FI), easing concerns about its financing capability and forming a two-runner race with SM Group, another potential buyer of the troubled carmaker.Edison Motors signed
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY, target price of KRW360,000 We maintain BUY and our TP of KRW360,000 for HYBE. The company reported solid revenue growth driven by superb artist IP and strong performance on global music charts.
The author is a strategist of NH Investment & Securities. He can be reached at lawrence.kim@nhqv.com. -- Ed. Having wanted US people to be grasshoppers by granting extra federal unemployment benefits, the US government now hopes that they will become ants as it is soon set to put an end to the benef
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Netmarble’s share price growth momentum is set to build in 2H21 on anticipated earnings growth and new title launches. Ni no Kuni: Cross Worlds is to contribute to earnings from 3Q21, and Netmarb
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Unable to pay its debts, China’s Tsinghua Unigroup has filed for bankruptcy. Despite this development, China’s semiconductor boom is expected to continue. CXMT and others have begun DRAM production, a
The South Korean government is planning to normalize the forward exchange position in the banking sector in the near future. This is to respond in advance to the Fed’s tapering by suppressing an increase in short-term foreign debts.Earlier, in May this year, the government raised the forward exchang
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Raise target price by 18.0% from KRW305,000 to KRW360,000 We raise our TP for HYBE by 18.0% (KRW305,000→KRW360,000) to reflect an upward revision to 2021E-2023E NP (attributable to controlling interests) CAGR
Coway is about to join the club of one trillion won in overseas sales in 2021. This is due to a surge in the company’s sales in Malaysia, its largest overseas market.The number of Facebook page followers for Coway Malaysia, created by Coway's Malaysian corporation, exceeded 159,000 as of June 30
Hyundai Motor Co. has released a special brand video—starring BTS, worldwide pop icon and Hyundai Motor’s global brand ambassador—to celebrate the completion of Hyundai Motor Group’s acquisition of Boston Dynamics.“With the acquisition of Boston Dynamics, Hyundai Motor will expand its new robotics b
"The BTS Meal" introduced by McDonald's in collaboration with the BTS has sold 1.2 million units in Korea since its launch on May 27.It marked the first time that a single meal consisting of side menus has sold more than one million units in such a short period of time.The BTS Meal consists of 1
The Bank of Korea announced on June 22 that the private sector debt-to-nominal GDP ratio reached an all-time high of 216.3 percent at the end of March this year, with a year-on-year increase of 15.9 percentage points.The household debt-to-nominal GDP ratio increased 9.1 percentage points to 104.7 pe
The Bank of Korea submitted a monetary and credit policy report to the National Assembly on June 10. In this report, the central bank re-expressed its concerns over household debts, saying that tapering is imminent, and the debts will have a serious impact on economic growth.According to the central