The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Raise TP to KRW350,000; Maintain BUY We maintain BUY on SK telecom and raise our TP by 16.7% to KRW350,000, reflecting the company’s changes to its medium-term dividend policy. We have derived our TP usi
The stock prices of Samsung Electronics and SK Hynix dropped on Aug. 11 with DRAM chip prices falling. Specifically, the prices fell 2.12 percent and 6.22 percent to 78,500 won and 105,500 won per share, respectively. The former fell below 80,000 won in six trading days and the latter reached this y
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed.Raise target price 5% to KRW105,000; valuations still attractive We maintain BUY on Coway and slightly raise our TP by 5% to KRW105,000 to reflect 4-5% upward revisions to 2022E/2023E OP. Valuations are stil
The Korea Securities Depository announced on Aug. 4 that South Korean individual investors’ foreign stock holdings totaled 101.74 trillion won at the end of last month.The amount increased by approximately 20 trillion won in seven months and more than doubled in 19 months. For reference, the market
China accounted for 135 of this year's Fortune Global 500, topping the country rankings for the second consecutive year.The United States came in second with 122 companies. Last year, China had 124 companies on the list, three more than the U.S., ascending to the top spot of the country rankings
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 2Q21 earnings surpriseSamsung SDI reported operating profit of KRW295bn (+121.9% QoQ, +184.2% YoY) on sales of KRW3.33tr (+12.5% QoQ, +30.3% YoY) for 2Q21, exce
Intel announced its foundry business expansion plan on July 26. Specifically, it launched the Intel Foundry Service and announced that Qualcomm and Amazon are now its clients.Intel is aiming to regain its leading position in the foundry industry by 2025. To this end, the company is going to release
NextChapter, a digital commerce platform that acquires and operates Coupang and Naver-based online native brands in Korea, announced on July 23 that it has raised an undisclosed amount in a seed round.The funding was led by Korean and international venture capital firms including Klim Ventures, Fast
The Korea Securities Depository announced on July 19 that South Korean investors’ securities settlement in foreign currencies totaled US$261.2 billion in the first half of this year, up 44.3 percent compared to the second half of last year, and the H1 figure is equivalent to 80.8 percent of the annu
Korea National Oil Corp. (KNOC), POSCO International and SK Innovation paid a fine of billions of won to the Peruvian government in withdrawing from Block 8 for a decline in profitability. The fine is for environmental restoration and the South Korean companies may have to pay more.The Block 8 oil f
U.S. IT giants are developing their own chips one after another. They are making chipmakers nervous by developing chips tailored to their own software and hardware.Apple loaded its own chip M1 into its tablet PC “5th-Generation iPad Pro” that was released in July. Apple is actually playing the role
Korean Air will develop common bulkhead propellant tanks for small satellite launch vehicles as part of the Ministry of Science and ICT’s “Space Pioneer” project.The ministry plans to invest a total of 211.5 billion won by 2030 in the Space Pioneer project, which aims to strengthen the global compet
Global market research firm Kantar recently released its BrandZ Most Valuable Global Brands list for this year. Samsung Electronics came in 42nd as the only South Korean brand on the list.U.S. brands accounted for more than half of the 100 with Amazon at the top and Apple at the second place. In add
As Edtech startups continue to rake in investment with the newfound demand for remote learning, Ringle, the South Korea-based provider of one-on-one English tutoring lessons and a member of Born2Global Centre, has raised US$18 million Series A funding led by Must Asset Management. The company starte
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. - Internet and game company shares, which led the 2020 stock market on the theme of ‘contactless’, have now entered a period of price correction. While the number of Covid-19 cases has yet to mea
PricewaterhouseCoopers released its global top 100 companies list on June 2. Samsung Electronics is the only South Korean company on the market cap list for this year, which came in 15th with US$431 billion. The company rose from 21st by increasing its market cap by 84 percent in one year.The list i
Sunwoo Kim, the CEO of JustQ, has received a commendation from the parliament of New Jersey. He was selected as a role model for young South Korean entrepreneurs. The commendation was certified by the state on Feb. 17 and delivered to the recipient on May 10. The commendation was given by Senator Lo
LG Electronics will invest US$62 million to expand its plant in Manaus, Brazil. Having shut down the mobile phone production line in Taubate following its decision to exit from the mobile phone business, the company will relocate the monitor and laptop production lines in Taubate to the Manaus plant
The Korea Fair Trade Commission (KFTC) recently initiated its pre-approval review on the Nvidia-Arm merger, the biggest M&A deal ever in the global semiconductor industry. With the largest GPU manufacturer in the world aiming to enter the server CPU market, rivals such as Amazon and Microsoft are de
The U.S. government is planning to hold a video conference on May 20 in order to tackle the ongoing global chip shortage. Intel, Samsung Electronics, TSMC, GM, Ford, Google and Amazon are supposed to attend the conference.The U.S. government held the same conference last month and Samsung Electronic