The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Compared with April, Hong Kong and Singapore investors’ outlook toward the Internet sector has improved considerably. We anticipate AI-related momentum and earnings recovery at Internet firms. In
Starting in March of next year, the era of electronic shareholders meetings will commence. With the full introduction of online voting at shareholder meetings, allowing same-day voting, the atmosphere of future shareholder meetings is expected to undergo a significant transformation.According to the
Foreigners switched to selling in the Korean stock and bond markets in August. Foreigners sold more than 1 trillion won worth of Korean stocks in August alone, pushing down their share of listed Korean stocks to the lowest point this year.According to a report about August 2023 foreigner Korean stoc
The Financial Supervisory Service (FSS) has called on foreign securities firms to make self-cleaning efforts to eradicate recurring illegal naked short selling. This means that the FSS has urged the foreign securities firms to learn how Korea’s regulations differ from international practices and to
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Market correction nearing an endHyosung TNC shares enjoyed a rally early this year on hopes for China’s economic reopening and robust earnings, but pared all their gains during the steep correction
Concerns are rising that Hanwha Group’s credit rating could be negatively affected as it plans for significant capital-raising activities, including a paid-in capital increase, following the acquisition of Hanwha Ocean. It’s noted that the financial burden on the group has increased by injecting nea
As the three-way compressed battle for the acquisition of HMM involving Harim Group, LX Group, and Dongwon Group intensifies, the possibility of candidates with insufficient cash assets making a successful acquisition has increased. This has raised questions about their financial capabilities and th
The South Korean government’s initiative to issue “Samurai Bonds” has been seen as a signal of enhanced economic cooperation between South Korea and Japan. Following the government’s move to issue Samurai Bonds, there is growing interest in whether South Korean companies will also embark on yen-deno
The fate of the 11Street (11st) platform hangs in the balance as its planned Initial Public Offering (IPO) becomes uncertain, leading to speculations of a potential sale. The inability to complete the IPO within the timeline promised to investors has led SK square to consider divestment as an altern
Korea Startup Forum (KSF), the organizer of COMEUP, Korea’s most prominent startup event, announced that it held the ‘COMEUP 2023 Preview & Workshop in BUSAN’ from August 31 to September 1 at Citadines Connect Hari Busan.The workshop was held in advance of the main event, COMEUP 2023, on November 8-
The sale of HMM, formerly known as Hyundai Merchant Marine, is facing delays beyond the initial expectations. Korea Development Bank (KDB) is currently continuing its evaluation of eligible buyer candidates, a process it had aimed to complete within this month.According to financial industry sources
SK Group has embarked on the sale of its stake in Londian Wason, the parent company of the world’s largest copper foil manufacturer Wason. This move comes approximately four years after its initial investment in 2019 and if successful it is expected to realize profits of around 1 trillion won (US$75
Mirae Asset Securities announced on Aug. 30 that the inflow of overseas stocks from foreign depositories has exceeded 2 trillion won (US$1.51 billion). This growth is attributed to increased demand for stock compensation system consulting services targeting employees of overseas companies.According
The Financial Supervisory Service (FSS) is launching a comprehensive investigation into related securities firms to gather more precise information and evidence regarding the suspected preferential redemption of the “Lime Fund.” Amid allegations that funds were returned only to certain influential f
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
Short selling of Hyundai Motor Group’s stocks has been intensifying, including both Hyundai Motor and Kia Motors. As concerns over performance grow, there are a rising number of investors betting on a decline in stock prices. In contrast, some experts in the securities industry believe that Hyundai
In the second quarter of this year, Korea’s net external financial assets (external financial assets minus external financial liabilities), which reflects the country’s external solvency, declined amid rising stock markets at home and abroad.However, Korea’s ratio of short-term external debt to tota
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Spiking real interest rates undermine fiscal sustainability. The US government will try to pace its spending and ease supply pressures through the TGA account. However, investors have no incentive to
Boryung (formerly Boryung Pharmaceutical) announced it will host the “Humans in Space” (HIS) Symposium at the Space Industry Conference in Las Vegas, Nevada from Oct. 23-25.The symposium will be held during the ASCEND conference organized annually by the American Institute of Aeronautics and Astrona
Harim, Dongwon, and the LX Group have actively joined the acquisition battle for HMM. Hapag-Lloyd, the largest shipping and container transportation company in Germany, is also participating in the preliminary bidding.According to the investment banking (IB) industry on Aug. 21, Korea Development Ba