The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.2Q23 OP to fall short of consensus at KRW32.4bn (-94% QoQ)S-Oil is expected to post operating profit of KRW32.4bn (-94% QoQ) for 2Q23, missing the consensus estimate of KRW384.3bn. The refining div
Negotiations are underway to resume currency swaps between Korea and Japan after an eight-year hiatus. A U.S. dollar-denominated swap is on the table. Japan has an indefinite and unlimited full-time swap agreement with the United States. Therefore, some analysts believe that Korea will be able to en
At the opening day of MWC Shanghai 2023 today, Sabrina Meng, Huawei's Rotating Chairwoman and CFO, gave a keynote outlining the value that 5G has generated throughout its first four years of commercial use.“5G is already well on its way to driving business success,” said Meng. “It's transfor
Major Korean business leaders, including the heads of the four major Korean conglomerates, are planning a group trip to Poland in July. They are expected to participate in an economic mission to commemorate the 35th anniversary of diplomatic ties between Korea and Poland and take the lead in expandi
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We trim our forecasts for F&F’s 2Q23 earnings due to weak domestic demand and soft DFS sales. However, we believe that simultaneous growth in both domestic and China demand is possible in 2H23 on th
The Korean semiconductor industry has predicted that it will be difficult for Korea’s semiconductor exports to recover even with the reopening of China. Those in the industry expressed a sense of crisis that Korean chipmakers are losing ground in China due to the advancement of Chinese technology an
Korean companies are shifting their major patent application destinations from China to the United States, Europe, and Japan, regarded as “allied countries.” This move appears to be a response to the business uncertainties resulting from the U.S.-China hegemony dispute, a reopening effect that has f
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Top-line growth continues for a fourth straight monthOrion’s top-line growth continued across the board in May with sales rising 21.3% in Korea, 13.1% in China, 8.4% in Vietnam, and 8.9% in Russi
Korea Expressway Corporation announced on June 16 that it participated in the opening ceremony of the 66 km Almaty Ring Road in Kazakhstan and began operation and maintenance of it.About 500 people attended the opening ceremony, including Kazakhstan’s Minister of National Economy Kuantyrov Alibek Sa
In the fiercely competitive landscape of South Korea's 5 trillion won burger market, Shake Shack, a front runner in the premium burger sector, is setting out to solidify its top position.According to market research firm Euromonitor on June 15, the domestic burger market, worth 2.6 trillion won
SK signet, the commercial EV charging station provider, announced on June 15 that it will provide a product using the North American Charging Standard (NACS) connector, Tesla’s charging method, within the year. NACS is a charging coupler system used in Tesla’s Supercharger charging stations.Recently
Recently, Chinese semiconductor companies frequently post job openings on Korean job boards. “It is not uncommon for many Chinese companies that have entered semiconductor zones in Korea such as Pangyo to offer high salaries and perks to Korean semiconductor engineers,” said Kim Hyung-jun, head of t
Samsung SDI and General Motors (GM) have announced their plans to construct a joint venture electric vehicle battery plant in the state of Indiana in the U.S., with mass production set to begin by 2026.On June 13 (local time), the companies announced their decision to build the joint venture in New
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The Biden administration is emphasizing the role of nuclear power plants (NPPs), including small module reactors (SMRs). According to a report published by the Department of Energy (DOE), the US i
Individual investors, colloquially known as “retail investors,” who had invested in anticipation of a boost from China's economic reopening, are now showing disappointment. The impact of China's reopening has not been as good as expected, casting a shadow on the outlook, with Sino-Korean rel
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.Materials/industrial goods industry outlook for summer 2023We maintain our OVERWEIGHT view on materials and industrial goods industries for the summer (June-August) of 2023. We believe earnings will continue t
Korea’s stock market has been removed from the MSCI Developed Markets Indexes’ watch list of candidates for inclusion in the index. The country’s hopes for inclusion in the indexes have been marking time for nine years.On June 11, MSCI classified South Korea as an emerging market as it released its
Samsung Electronics is developing a generative artificial intelligence (AI) service for employees. This strategy aims to boost productivity and work efficiency through customized AI developed in-house as security issues such as a leakage of confidential documents due to AI are on the uptick.Accordin
Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI), revealed the mutual cooperation of the Korean and Japanese business communities, stating that "we will connect the 2030 Busan World Expo (Busan Expo) with the 2025 Osaka-Kansai Expo in Japan as a single solutio
Australian Strategic Materials (ASM) is a company focused on mining and processing rare earth elements and critical minerals that has a strong partnership with Korea. Business Korea conducted a written interview with ASM CEO Rowena Smith to ask her about her company’s business activities, its Dubbo