The Bank of Korea announced on Dec. 15 that South Korea’s import price index was 148.07 in November, down 5.3 percent from the previous month.The index fell in three months, with the Korean won-U.S. dollar exchange rate and international oil prices falling together. The average exchange rate was 1,4
MBK Partners chairman Michael ByungJu Kim has been selected by Forbes Asia as one of Asia's representative philanthropists for the second consecutive year following 2021.Forbes Asia announced the list of 15 Asian philanthropists for 2022 on Dec. 6, which included chairman Kim once again.The list
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. US 10yr TB yield, which soared immediately after the release of the November employment data, has turned downward. We attribute this to the market judgement that demand destruction will be significa
Samsung Electronics has promoted a female executive to president for the first time in its history. Lee Young-hee was promoted to president of global marketing for the company's Device eXperience (DX) division. She was previously head of the Global Marketing Center of the DX division.She is the
LG Display announced on Nov. 16 that it has won the Technology Award for its large-sized OLED TV panels based on EX Technology at HiVi Grand Prix 2022, hosted by leading Japanese sound-video media outlet HiVi.LG Display, the only South Korean company on this year’s award list, has received the award
KB Kookmin Bank announced on Nov. 9 that KB Smart Loans topped US$10 million in Cambodia. KB Smart Loan is a non-face-to-face credit loan product offered by its subsidiary Kookmin Bank Cambodia.KB Smart Loan is a non-guaranteed credit loan product that allows customers to receive a loan of up to US$
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW44,000 We maintain BUY and TP of KRW44,000 on KT. The company should maintain its upward trajectory through 2023, propelled by its non-telco DIGICO business and steady wi
SK Inc.’s pharmaceutical and bio business is growing fast through a steady localization strategy. The company plans to expand its contract development and manufacturing organization (CDMO) business to cover cell and gene therapies (CGTs).SK Pharmteco, a CDMO subsidiary of SK Inc., is expected to rac
As a national telecommunication disaster broke out with the shutdown of the KakaoTalk messenger service, much attention is focused on the in-house messenger programs used by major Korean business groups such as Samsung for internal communications.Major Korean business groups have been using their ow
The author is an analyst of NH Investment & Securities. He can be reached at yongjin.seol@nhqv.com. -- Ed. Korean Re is likely to report sluggish earnings due to natural catastrophe losses. However, expectations for structural growth remain valid and the firm’s valuations are also attractive.Continu
Pernod Ricard Korea announced on Oct. 17 the release of three champagnes of the ‘Maison Mumm RSRV Collection’ that contains the “Only the Best" philosophy of Maison Mumm, a champagne house established in 1827.Since they were first produced in 1838, Maison Mumm’s exceptional champagnes have been rese
In the future, all customers who have purchased vehicles from Hyundai, Genesis, and Kia will not have to go to service centers to update their car software. This is because the over-the-air (OTA) software update function will be installed as a standard on all Hyundai Motor Group models to come out b
Samsung Electronics has forged a partnership with leading international original development manufacturing (ODM) companies such as Atmaca, HKC, and Tempo to enable non-Samsung smart TV models to use Tizen OS.New TVs from Bauhn, Linsar, Sunny, Vispera, and other brands will be available in Australia,
Coupang announced on Oct. 5 that it will participate in the Cybersecurity Awareness Month campaign, which has been led by the U.S. government for 19 years.Cybersecurity Awareness Month was launched by President George W. Bush in 2004. It is held in October every year to increase the awareness of dig
LG Innotek announced on Sept. 30 that it has achieved the global compliance management system (ISO 37301) certification.The ISO 37301 is a set of global standards for compliance management systems (CMS) that has been developed and implemented by the International Organization for Standardization (IS
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY; lower target price 3.6% to KRW270,000 We maintain BUY on Samsung F&M but lower our TP by 3.6% to KRW270,000. We maintain BUY because (1) key profit margins should improve as long-term risk loss ra
The authors are analysts of Shinhan Investment Corp. They can be reached at wonyong.sim@shinhan.com and bh.lee@shinhan.com, respectively. -- Ed. A small giant with proven competitivenessKencoa Aerospace is a small giant in the aerospace industry whose clients include Lockheed Martin, Boeing, and Air
The authors are analysts of Shinhan Investment Corp. They can be reached at idh@shinhan.com and jiunmyoung@shinhan.com, respectively. -- Ed. Takeaways from DX Korea 2022Defense Expo Korea (DX Korea) is a platform for land forces equipment exhibition. This year marks the fifth biennial event since it
South Korean credit card and insurance companies are rapidly expanding their overseas businesses in China and Southeast Asia.Shinhan Card is currently doing business in Vietnam, Indonesia and Myanmar. In the first half of this year, its overseas net profit was 11.33 billion won, up 400 percent from
This article was written based on an interview with Han Seung-cheol, CEO of NPCore, an AI-based new variant malware (APT) response solution provider in Korea. -- Ed. Before Russia invaded Ukraine, Chinese hackers conducted cyberattacks against 600 places, including major facilities and institutions,