Hyundai Motor will not participate in the international motor show IAA Mobility to be held in Munich, Germany this September. It will mark the first time in 20 years that Hyundai has not participated in the event, which is better known as the Frankfurt Motor Show, one of the world’s four major auto
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
Between 2013 and 2015, during China’s economic boom, the business outlook in China was rosy for South Korean corporations. Exports to China increased, leading to an upsurge in investment. However, companies overly dependent on China have encountered significant difficulties barely a decade later.Ind
Mirae Asset Global Investments announced on July 18 that the net assets of ETFs it manages worldwide have exceeded US$100 billion.As of July 18, Mirae Asset Global Investments manages 538 ETFs in 14 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. The total net as
Korea Aerospace Industries (KAI) is actively pursuing exports of its FA-50 light attack aircraft to the United States, the world’s largest defense market. The export is expected to be worth 44 trillion won (US$35 billion), and, if successful, it would greatly boost the global standing of the Korean
IGIS Asset Management is reportedly considering selling real estate in Germany to prevent additional deterioration of the profitability of a fund under its management.According to financial sources on July 18, IGIS announced on their website on July 17 regarding the primary risk conditions and measu
As household debt has ballooned to a record high, emerging as a big risk for the Korean economy, debt burdens on Korean households are the second largest among major economies in the world. The Bank of Korea (BOK) said that rising household debt will hamper Korea’s economic growth in the long run an
Korean separator companies are expected to dominate the North American and European battery markets, according to a market research firm.SNE Research, a global market research firm, released a report titled “The Future of Separators in the Era of Lithium-Ion Batteries (LIBs).” In the report, SNE Res
Much attention is being paid to if Samsung Electronics, which recently stopped ordering from China’s No. 1 display maker BOE, will expand the amount of liquid crystal displays (LCDs) that it buys from LG Display in the future. Samsung has been buying LCD TV panels from LG Display since 2017.Accordin
In the first half of this year, Korea’s automobile exports surged 46.6 percent year on year to US$35.7 billion, a record high. Including auto parts, the figure reached US$47.3 billion.According to the Ministry of Trade, Industry and Energy (MOTIE) on July 17, Korean automakers exported more than 241
Imports of Japanese beer have surged while imports of Japanese fish and seafood have plummeted, creating a mixed picture of Japanese imports in the Korean market.Korea imported 1,910 tons of fish and seafood in June, down 34.7 percent from a year earlier, according to trade statistics from the Korea
The presence of automotive organic light-emitting diode (OLED) displays in the display market is growing. Experts forecast that their market size and shipments will steadily increase as a shift to software-driven vehicles (SDVs) accelerates, with premium automakers leading the way.According to marke
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
The financial authorities are significantly easing restrictions on overseas subsidiary investment and capital support to activate overseas expansion of domestic financial companies. Consequently, domestic banks will have looser restrictions on investing in foreign non-financial companies, and insura
The investigation into allegations of stock price manipulation during Kakao’s acquisition of shares in SM Entertainment is gaining momentum.Financial Supervisory Service (FSS) Chairman Lee Bok-hyun met with reporters at a Shinhan Card event held at Shinhan Card's headquarters in the Jung distric
In a resurgence of the Korean shipbuilding industry, Samsung Heavy Industries has secured a massive order worth nearly 4 trillion won. This is the largest single contract for a ship in the domestic market.Samsung Heavy Industries announced on July 17 that it had secured an order for 16 16,000 TEU (1
On July 16, Lee In-ho, president of the Korea Trade Insurance Corporation (K-SURE), and Yoon Hee-sung, president of the Export-Import Bank of Korea (Korea Eximbank) announced that on July 13 (local time) they signed a tripartite memorandum of understanding (MOU) for enhancing economic cooperation an
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Truxima’s US market share reached its highest level in 1Q23, but the drug’s quarterly price drop was also the largest in the past three years. We expect earnings growth to centere on Remsima SC in 2H
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.While the value of IS Dongseo’s construction division is bound to be dampened amid lackluster real estate market conditions, it is still to enjoy stable revenue thanks to in-house housing projects
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.We estimate Celltrion’s 2Q23 OP at W193.2bn, slightly below consensus. We trim our annual earnings projections to reflect Truxima price decline in the US. Although Remsima SC earnings likely came in