The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Solid performance reported at home and in ChinaF&F registered consolidated operating profit of KRW110.1bn (+16% YoY) on sales of KRW405.5bn (+9% YoY) in 2Q23, largely coming in line with market expectation
Lotte Shopping has soft opened a mega commercial complex in Hanoi, Vietnam, marking its takeoff to become Asia’s No. 1 shopping center. The move marks a major exit from China and a relocation to Vietnam for Lotte Group’s overseas bases following China’s retaliation against Korean companies, includin
According to the Korea Agro-Fisheries & Food Trade Corporation (aT) and the Korea Customs Service on July 26, the annual ramen export value last year increased by 13.5% compared to the previous year, amounting to US$765.43 million (945.3 billion won).When adding the sales from overseas local factori
KEPCO KPS announced that it signed an extension contract for the “Punta del Tigre Combined Cycle Power Plant Operation and Maintenance (O&M) Project” with the Uruguayan Electricity Authority (UTE) on July 26 (Korean Time). The agreement is expected to generate more than 50 billion won in sales over
Twelve executives, including the CEO of Saudi Arabia’s Neom, visited Seoul on the occasion of the Neom City exhibition, the first of its kind in Asia.Holding a media conference on July 25, the day before the opening of the Neom exhibition at Dongdaemun Design Plaza (DDP) in Seoul, the executives emp
Hyundai Motor Group Chairman Chung Eui-sun has initiated efforts to secure groundbreaking technology in the battery sector. Collaborating with prominent scholars and experts in the domestic battery sector, the company aims to bolster research in next-generation batteries with a particular emphasis o
Korea Aerospace Industries (KAI) announced on July 19 that it has held an opening ceremony for its base office at the Minsk Air Force Base in Poland. This is the sixth overseas base office opened by KAI, following those in Turkey, the Philippines, Indonesia, Peru, and Thailand.The Poland base office
The share of organic light-emitting diode (OLED) displays in laptops and tablets is expected to remain low at less than 3 percent this year, while panel manufacturers continue to invest in expanding the share of OLED displays and improving specifications amid a slump in the display industry.Accordin
Daewoo E&C announced on July 17 that the economic delegation from Turkmenistan, including the deputy prime minister, the president of the Foreign Economic Bank, and the chairman of Turkmenhimiya, visited the Daewoo E&C headquarters in Euljiro during their visit to Korea on July 16 for a meeting with
South Korea was the world’s largest luxury goods consumer in previous year with an average spending of US$325 per person (as estimated by Morgan Stanley), surpassing the United States and China to rank first globally. However, the situation has significantly changed this year due to the economic dow
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
Korea Midland Power Co., a first for a power group, held an inauguration ceremony for its third European project, the Gubbaberget Windfarm Project in Sweden, on July 4 (local time).Approximately 70 people attended the inauguration ceremony, including Korean joint shareholders, European business part
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.2Q23 earnings to miss consensus at operating loss of KRW26.6bnE-Mart is expected to have seen an operating loss of KRW26.6bn (widening loss YoY) on sales of KRW7.24tr (+1.3% YoY) in 2Q23, falling
Lotte World Tower’s SKY31 Convention center, operated by Lotte Property & Development, has been selected as a “Korea Unique Venue.”A Korea Unique Venue, selected jointly by the Ministry of Culture, Sports, and Tourism and the Korea Tourism Organization, represents a space capable of hosting meeting,
Apple is in talks with display suppliers to launch a foldable MacBook model, which is expected to rev up the sluggish display market.Apple is expected to launch a foldable laptop as soon as 2026, according to industry sources on July 6. Apple is in talks with suppliers to launch the foldable MacBook
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Major offline retailers' 2Q23 earnings are likely to arrive short of consensus due to sluggish consumer sentiment and increased costs. But, a meaningful rebound is expected from September amid reop
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
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.We now expect Amorepacific to post consolidated operating profit of KRW50.3bn (positive swing YoY) on sales of KRW988.2bn (+5% YoY) for 2Q23, falling short of our previous forecasts by a wide margin. While
A controversy has been brewing over the pricing policy of Five Guys, a U.S. hamburger brand that recently landed in Korea led by Hanwha Group’s Kim Dong-sun, head of strategy at Hanwha Galleria and the third son of Hanwha’s chairman.FG Korea, a subsidiary of Hanwha Galleria and the operator of Five
Global semiconductor companies expanding their investments in South Korea have rolled up their sleeves to attract the country’s semiconductor talent. As the United States tightens its technology controls on China, global semiconductor companies have significantly increased their investments in South