The number of venture companies with annual revenue exceeding 100 billion won (US$76.8 million) last year reached the record high of 869, the highest figure in history. The growth rate also set a new record, achieving an unprecedented 17.6 percent increase, or 130 companies, compared to the previous
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
The government has decided to extend financial market stabilization measures, currently operating at a scale of 37.4 trillion won (US$28.77 billion), until the end of next year. Additionally, flexibility measures in financial regulations, such as the banks’ liquidity coverage ratio (LCR) and the res
The financial regulatory authorities have officially commenced discussions on the introduction of a computerized system to address short selling concerns. All eyes are on whether the initiative will lead to the establishment of a system capable of detecting and preventing illegal short selling in re
The acquisition battle for South Korea’s largest shipping company HMM has narrowed to a competition between Dongwon Group and Harim Group.According to investment banking (IB) sources on Nov. 23, HMM’s bondholders, including Korea Development Bank (KDB), Korea Ocean Business Corporation, and the sell
According to market research firm Counterpoint Research on Nov. 23, as of October, the global smartphone market’s monthly sales have increased by 5% compared to the same period last year, driven by recovery in emerging markets. This marks the first monthly sales increase since June 2021.The rise in
Market research firm Omdia’s latest analysis revealed that SK hynix has reached a market share of 35% in the DRAM sector for the third quarter. With the increasing importance of High Bandwidth Memory (HBM) in the AI era, a shift towards a quality-centric winner-takes-all structure in the DRAM indust
Kumho Tire, a leading South Korean tire manufacturer, has entered into a collaborative agreement with Denmark-based global shipping company Maersk. The agreement, which focuses on logistics supply chain solutions, was officially signed at the Kumho Tire headquarters in the Jongno district of Seoul o
Korean low-cost carriers (LCCs), which have been adding aircraft to expand their mid- to long-haul routes, are seemingly disappointed over their plans to launch new routes to Indonesia.Major Korean LCCs are considering scrubbing plans to launch routes to Indonesia this year, according to industry so
With a short-term external debt ratio reaching a historically low level in the third quarter of this year, South Korea’s ability to meet external obligations is demonstrated by an increase of US$21.4 billion in net external financial assets in just one quarter. This is because debts decreased more s
The average wages of employees belonging to the “Big 3” shipyards in South Korea -- HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean -- have increased by approximately 15% in the past year. Particularly noteworthy is Hanwha Ocean, where the average wage surged by around 12 mil
In the wake of U.S. regulations stymieing China’s semiconductor ambitions the country has shifted its focus to general-purpose semiconductors. Facing challenges in acquiring advanced semiconductor technology due to equipment import controls, China is significantly enhancing its production capacity i
The author is an analyst for Shinhan Securities. He can be reached at bh.lee@shinhan.com -- Ed.3Q23 review: Profits hit by weak GDR sales and high overseas SG&AGolfzon posted consolidated sales of KRW170bn (-3.4% YoY) and operating profit of KRW27.5bn (-38.7% YoY) for 3Q23, missing our estimates by
Despite recent economic downturns and reduced subsidies globally leading to a slowdown in electric vehicle demand, the accumulated investments from South Korea’s three major battery companies -- LG Energy Solution, SK On, and Samsung SDI -- for this year have been confirmed to be double last year’s
The government and the People Power Party will unify lender repayment periods and collateral ratios for individual and institutional investors as a follow-up to a temporary short-selling ban.The government and the ruling party held a meeting with market experts on Nov. 16 to gather opinions on the m
The author is an analyst for NH Investment & Securities. He can be reached at youngryu@nhqv.com -- Ed.Memory companies entered 2023 with lowered expectations for the industry. However, the weakness in memory demand was more severe than expected, and the rate of memory inventory decline was also slow
The Financial Supervisory Service (FSS) has taken a proactive stance in a full-scale confrontation with short-selling forces, revealing that it has detected 33 cases of naked short selling this year and imposed fines and penalties amounting to 10.5 billion won (US$8.11 million). FSS Governor Lee Bok
Koreans spent more than 104.4 billion minutes on YouTube in October, according to a survey.WiseApp-Retail Goods, a company that analyzes mobile applications and retail, announced on Nov. 15 that it surveyed Korean smartphone users on their YouTube usage time. The survey was conducted among 51.2 mill
The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhqv.com -- Ed.In 3Q23, Youngone’s OEM division sales slowed down first time in 10 quarters. Given the industry-outpacing OEM sales clip over the past 2 years, short-term negative effects are inevitable. But, given