Kakao Bank placed 11th in terms of market capitalization (excluding Samsung Electronics' preferred shares) on its first day of trading on the KOSPI market.Kakao Bank's stock price closed at 69,800 won on Aug. 6, up 79 percent (38,800 won) from its IPO price of 39,000 won. Foreigners’ net pur
The author is an analyst of Shinhan Investment Corp. He can be reached at jwsung79@shinhan.com. -- Ed. 2Q21consolidated OP beats consensus at KRW46.4bn (TB YoY)Hotel Shilla posted consolidated operating profit of KRW46.4bn for 2Q21, exceeding our estimate (KRW45.1bn) and the consensus (KRW37.2bn). D
The Korea Exchange announced on Aug. 1 that foreigners accounted for 34.12 percent of the aggregate market value of KOSPI on July 29 and the ratio is the lowest level since Aug. 17, 2016.These days, foreign investors are continuing to sell KOSPI stocks. The ratio hit an all-time high of 39.3 percent
Statistics Korea announced on July 29 that the number of single-person households was 6,643,000 and they accounted for 31.7 percent of all households as of Nov. 1 last year. “The ratio of two-person households was 28 percent, three-person 20.1 percent, four-person 15.6 percent, and those with more h
People Power Party lawmaker Hong Suk-joon announced on July 20 that foreigners’ land ownership in South Korea increased from 190,550,794 square meters in 2011 to 253,346,774 square meters in 2020.The lawmaker pointed out that Chinese in particular are increasing their ownership very rapidly. Accordi
The Bank of Korea announced on July 14 that foreigners in the South Korean stock market showed a net investment outflow of US$440 million last month after a net outflow of US$8.23 billion in the previous month.They continued to sell South Korean stocks from December last year to March this year. Alt
Foreign investors recorded a net investment of 9,387 billion won in the South Korean bond market last month, when they recorded a net selling for the second consecutive month in the South Korean stock market.The Financial Supervisory Service announced on July 12 that their net bond purchase and rede
The stock price of Samsung Electronics fell on July 7 despite the company’s announcement of an earnings surprise. Stock market analysts say Samsung Electronics’ stock price has been stagnant for the past six months, which is an excessively long period, but the stagnation may continue as uncertaintie
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Raise target price by 9% to KRW120,000; stock price to continue trending upward We maintain BUY on Hotel Shilla and raise our TP by 9% to KRW120,000. As Chinese consumer demand for luxury cosmetics remains
The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com and hanny.lee@shinhan.com, respectively. -- Ed. MoM uptrend in domestic duty-free sales continues in MayCombined sales of domestic duty-free operators came in at USD1.4bn (+0.3% MoM) for May, marking a n
The South Korean stock market failed to join the MSCI Developed Markets Index again. The eighth-largest stock market in the world has been a part of the MSCI Emerging Markets Index since 2014.MSCI decided this month not to reposition the market. The reasons for the decision include its lack of offsh
The Bank of Korea announced on June 16 that residents’ foreign currency deposits added up to US$94.73 billion last month, the second-largest behind US$94.83 billion recorded in April this year.The deposits can be defined as those owned by local individuals and companies, foreigners staying for at le
The Korea Financial Investment Association announced on June 10 that the monthly bond issuance fell 11.5 percent to 73.3 trillion won last month. “The government bond issuance fell 2,924 billion won to 23,082.2 billion won and the corporate bond issuance fell 7,777 billion won to 7,957 billion won,”
Foreign investors in the South Korean stock market posted a net selling of 10,167 billion won last month. The volume is the largest since March last year.The Financial Supervisory Service announced on June 7 that they recorded a net selling of 9,728 billion won in KOSPI and 440 billion won in KOSDAQ
The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com and hanny.lee@shinhan.com, respectively. -- Ed. April domestic duty-free sales up 9.6% MoMCombined sales of domestic duty-free operators came in at USD1.39bn (+9.6% MoM; KRW1.56tr) for April. Duty-free s
The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com and hanny.lee@shinhan.com, respectively. -- Ed. Outbound travel recovery also positive for online duty-free salesOutbound travelers typically visit downtown duty-free shops or their online stores. Most K
The Bank of Korea announced on May 17 that residents’ foreign currency deposits increased by US$2.13 billion to US$94.83 billion last month.The deposits can be defined as those owned by local individuals and companies, foreigners staying for at least six months in South Korea, and foreign companies
The Korea Financial Investment Association announced on May 10 that foreign investors’ investment in the domestic OTC bond market hit an all-time high last month. “As of the end of the previous month, their domestic bond holdings added up to 173.9931 trillion won, up 3.1 trillion won from March,” it
The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com and hanny.lee@shinhan.com, respectively. -- Ed. 1Q21 consolidated OP beats consensus at KRW26.6bn (TB YoY)Hotel Shilla posted consolidated operating profit of KRW26.6bn (positive swing YoY) on sales of K
The Seoul Main Customs of the Korea Customs Service announced on April 27 that it detected 61 foreigners who illegally purchased apartments in Seoul by investigating 500 persons who bought apartments priced at over 500 million won in Seoul for the past three years with the source of the money unclea