The author is an analyst of Shinhan Securities. He can be reached at keonhyeong.ha@shinhan.com -- Ed.Korea’s GDP grows 0.3% QoQ in 1Q23, avoiding technical recessionKorea’s gross domestic product (GDP) for the first three months of 2023 grew 0.3% from the previous quarter, preventing the country fro
Huawei held the Striding Towards the Intelligent World Session at Global Analyst Summit 2023 on April 20, 2023. Peng Song, Huawei's President of ICT Strategy & Marketing, delivered the keynote speech titled Striding Towards the Intelligent World Through Continuous Innovation. The session attract
Pernod Ricard Korea, the Korean unit of the wine and spirits company Pernod Ricard, has been operating annual digital campaigns since 2020 as a means to promote responsible drinking. The company has been working to provide consumers with simple tips for responsible drinking that can be easily practi
On the afternoon of April 13, Hyundai Motor’s labor and management held an ice-breaking meeting for wage and collective bargaining at the main building of the Ulsan plant with the attendance of about 60 representatives of labor and management.According to industry sources on April 18, the labor unio
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.The screen golf industry has gained popularity as an indoor leisure activity, showing a differentiating trend from the outdoor golf industry. While Golfzon should register strong sales growth in 1Q2
Leading global tiremaker Hankook Tire will enter the 2023 Major League Baseball (MLB) season as the league’s Official Tire in the U.S. and South Korea.An official partner of MLB since 2018, this year, the Hankook logo will be featured in signage behind home plate in select games, along with other ma
SK Group Chairman Chey Tae-won visited China to attend the Boao Forum, which is sometimes called the Asian version of the Davos Forum.According to industry sources on March 28, Chairman Chey will participate in the Boao Forum held in Boao, Hainan Province of China for four days from March 28 to 31.
SK On’s and Ford’s U.S. joint battery project is proceeding without a hitch. Some analysts suspected that the two companies have not been getting along due to a failure to set up a European joint venture, but rather they further solidified their relationship with this discord rumor as an opportunity
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Starting with Kori #2 (2033), 14 NPPs with a combined capacity of 12.5GW are to exceed 50 years of design life by 2050. The average useful life of NPPs in operation will rise to 30 years by 2035, a
Hankook & Company has announced its commitment to maximizing shareholder value by appointing female outside directors ahead of its shareholder meeting on March 29, 2023. The move is part of the company's efforts to ensure diversity on its board of directors and to accelerate the improvement of i
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed.With the easing of China’s zero-Covid policy, all factors that had been hindered casino customer access have now been resolved. Moving ahead, we expect a release of pent-up demand, led by mass custo
Trade Minister Ahn Duk-geun is scheduled to stay in Washington, D.C. from March 8 to 10 to discuss the CHIPS and Science Act.The act became effective in August last year so that financial and tax incentives can be given to companies investing in the U.S. semiconductor industry. The act stipulates US
Yoshida Kenichiro, chairman of Sony, recently visited Samsung Electronics in strict secrecy in return for a visit to Japan by Samsung Electronics President Kyung Kye-hyun (head of the DS Division) last year. Samsung Electronics, which has expressed its will to actively target the automotive memory s
FILA Holdings has been selected as a “2023 ESG Top-Rated Company” by global environmental, social, and governance (ESG) evaluation agency Sustainalytics, a subsidiary of American financial service provider Morningstar.Sustainalytics annually evaluates and publishes ESG Risk Ratings for more than 15,
Korea Water Resources Corporation (K-Water) donated KRW 100 million to the Korean Red Cross for the restoration of earthquake-stricken areas in Turkey and Syria and the support of victims.This money was raised by collecting voluntary donations from K-Water, employees of K-Water and the Water Love Sh
Hanwha Solutions has obtained eco-friendly certification for rPE (recycled polyethylene), a renewable raw material, and will expand the rPE market in earnest.Hanwha Solutions announced on Feb. 28 that it has obtained a certificate of the Global Recycled Standard (GRS) on rPE materials recycled from
Hankook Tire & Technology, affiliate of Hankook & Company Group (formerly Hankook Tire Group), announced its participation as a KRW 3 billion pre-Series A investor of used car e-commerce platform 'CARMERCE'. The investment contract was signed at Hankook & Company’s headquarter, 'Technopl
FILA Holdings said on Feb. 28 it has joined global relief efforts in Türkiye and Syria by providing 6,300 items of winter clothing, valued at 1.52 billion won, and 20 million won in funds raised to help people struggling in areas devastated by earthquakes this month.FILA Group decided to offer aid i
Officials of Saudi Arabia’s three government agencies in charge of AI and data-related policies visited Naver’s second office building 1784, the world’s first robot-friendly building, on Feb. 27. Exchanges between the two sides have steadily continued since a visit to Naver by Majed Al-Hogail, minis
The Korea Institute for Health and Social Affairs announced on Feb. 26 that South Koreans’ happiness level according to the Gallup World Poll was 6.11 on a scale of 1 to 10 in 2021. For reference, the level was 5.9 in 2019 and 5.79 in 2020.In 2021, only six countries’ levels were lower than that of