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)
South Korea's longstanding number one export market, China, is showing signs of waning in dominance after nearly 20 years since diplomatic ties were established between the two nations. Analysts suggest that South Korea’s growth model, which benefited from selling intermediate goods like semicon
Korean industry is experiencing the phenomenon of an exit from China and sluggish exports. While it is positive for corporate Korea to diversify export destinations, it is negative for it to post a drop in exports. Even amid a U.S.-China conflict, voices are being raised to call for attempts to prom
As of the end of last month, South Korea's foreign exchange reserves amounted to US$420.98 billion, the lowest in six months since November last year. The increase in foreign exchange reserves has been limited since the second half of last year, coupled with the strengthening of the U.S. dollar
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Epoxy market conditions on recovery trackEpoxy resin is mainly used for coating, adhesive, and waterproofing purposes in a range of industries such as shipbuilding, auto, construction, and wind pow
Hyundai Motor Group and Japanese automakers, including Toyota and Nissan, are making aggressive investment plans in India, the world's third-largest auto market, indicating that intense competition is looming.According to the Society of Indian Automobile Manufacturers (SIAM) and industry insider
Intel will open a data center development lab in Seoul. The U.S. tech giant will strengthen cooperation with Samsung Electronics and SK hynix, which provide next-generation DDR5 memory.According to industry sources, Intel announced at Intel Vision 2023 in Taiwan on Jan. 24 that it will establish an
The International Monetary Fund (IMF) has warned of possible corporate debt distresses in Asian countries, singling out Korea as becoming one of the most vulnerable if high interest rates persist.In its report on corporate debt in Asia on May 29, the IMF aggregated by country the percentage of total
The Indo-Psacific Economic Framework (IPEF), a U.S.-led economic cooperative formed to counter China, has released its first significant result: a supply chain agreement involving 14 participating countries. The main aspect of this agreement is a joint response by the participating nations to supply
On May 25, Mirae Asset Global Investments announced that they hosted the ETF Rally 2023 in Seoul and Hongcheon, Gangwon Province, from May 22 to 24.The ETF Rally served as a forum for Mirae Asset Global Investments ETF employees from around the world to gather, share insights into the global ETF bus
Samsung Electronics is expected to hold its new smartphone model unpacking event in Korea. The company is speeding up the diversification of its Asian strategy amid a U.S.-China trade conflict and sluggish demand for information technology (IT) products in China, which has led to a companywide decli
The United States is executing circumvention investigations again. A circumvention investigation determines whether a country or company changed the production and shipment methods for a product that the United States has imposed antidumping and countervailing duties on. While the United States is t
Korea’s ICT exports in April reached US$12.77 billion, down 35.9 percent from April 2022 when Korea posted the highest April exports ever, according to ICT import and export data released by the Ministry of Science and ICT on April 15. The drop in the ICT exports was blamed on a delay in a recovery
Hyundai and Kia are enjoying strong sales growth in India, which has emerged as the world's third-largest auto market. Kia, in particular, saw its sales increase by more than 20 percent year on year from January through April 2023.Hyundai’s and Kia's combined sales stood at nearly 300,000 un
Hyundai Motor will invest up to 200 billion rupees (3.23 trillion won or US$2.43 billion) in electric vehicles in India over the next seven to ten years, according to a report on May 10. The amount is a fivefold increase from the 40 billion won (US$64.6 billion) over six years announced earlier this
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Krafton logged solid 1Q23 earnings on peak-season effects, but as off-seasonality enters, sales will likely stabilize, and the lack of new game momentum will stand out. In the near term, BGMI serv
Korean funds’ inflow into the Indian stock market have soared as emerging markets have emerged as new investment destinations amid the U.S.-China trade war. As the entry of large players has widened the choice of exchange traded funds (ETFs), the Indian ETF market is expected to expand faster over t
The prices of leading companies’ stocks on the Korean bourse stay below their book values. Their price-to-earnings ratios (PERs) were far below the average of those in developed countries, which, analysts say, reflects that a “Korea discount” still happens. A PER determines whether or not a stock is
The carbon border adjustment mechanism of the European Union is about to take effect and South Korean steelmakers’ exports to Europe, which totaled US$6 billion last year, are likely to take a hit.In the mechanism, companies exporting steel, aluminum, fertilizers, electricity, cement, and hydrogen p
Samsung SDI will team up with General Motors (GM) to establish an electric vehicle battery joint venture in the United States. With a capacity of 30 GWh, the total investment of the two companies will amount to US$3 billion (approximately 4 trillion won).Samsung SDI announced on April 25 that it wil