As foreign investment in domestic securities saw an increase and the exchange rate between the Korean won and U.S. dollar stabilized, banks experienced a historic surge in their daily average foreign exchange trading volume in the second quarter.According to the Bank of Korea (BOK) on July 26, the d
Continuing their struggle, both Samsung Electronics and SK hynix faced losses in the second quarter, following their challenging performance in the first quarter. The cumulative deficit for both companies in the first half of this year reached a substantial figure, nearly approaching 15 trillion won
Hyundai Motor once again achieved a record-breaking quarterly performance, surpassing 4 trillion won (US$3.14 billion) in operating profit for the second quarter of this year. Despite this remarkable feat, the company’s stock price on the KOSPI market remains stuck in a holding pattern.On July 26, H
According to the Korea Agro-Fisheries & Food Trade Corporation (aT) and the Korea Customs Service on July 26, the annual ramen export value last year increased by 13.5% compared to the previous year, amounting to US$765.43 million (945.3 billion won).When adding the sales from overseas local factori
The export status to Australia of Hanwha Aerospace’s Infantry Fighting Vehicle (IFV), the Redback, is expected to be announced within a few days. When it was tendered in 2018, the project’s scale was 450 armored vehicles (approximately 16 to 24 trillion won), but due to the change of the Australian
KB Kookmin Bank has announced its participation as a title sponsor in co-hosting SMTOWN LIVE 2023 with SM Entertainment in Jakarta, Indonesia.“SMTOWN LIVE 2023 SMCU PALACE @JAKARTA with KB Bank” will be held on Sept. 23 at 6:30 p.m. (local time) at the Gelora Bung Karno Main Stadium in Jakarta, Indo
The market capitalizations of the 10 largest Korean conglomerates have reached 40 trillion won in a month and a half, according to securities information firm FnGuide.According to FnGuide on July 25, market caps swelled by 3.05 percent to 1,341.2603 trillion won (US$1.0533658 trillion) as of the clo
SK Inc. announced that its board of directors (BOD) held a meeting on July 26, in which the board declared to distribute an interim dividend of KRW 1,500 per share, matching last year’s payout. The total interim dividend payout amounts to approximately KRW 83.6 billion. SK Inc. has been distributing
China is in hot pursuit of Korea in the global organic light-emitting diode (OLED) display market. While Korea is still far ahead of China in terms of market share, China has caught up with Korea in terms of production capacity by 10-plus percentage points.China’s OLED display production capacity is
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.While we raise our TP to W560,000 on a change in valuation method, we downgrade our rating to Hold considering restricted upside potential.Valuation method changed to reflect rise in mid/long-term
Foreign investors showed a substantial net sell-off of approximately 1.35 trillion won (US$1.06 billion) in the equity market. Despite the foreign selling pressure, the market experienced a slight uptick, primarily driven by robust net buying from individual investors.According to Korea Exchange on
In the U.S., the world's largest electric vehicle market, Hyundai and Kia have successfully made it into the top 10 manufacturers by sales volume for the first half of this year (January-June), but they face intense competition from traditional German powerhouses, namely BMW, Mercedes-Benz, and
As the German government enters subsidy negotiations with Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest foundry, American foundry company GlobalFoundries has openly criticized these subsidies, stirring controversy both within and without Germany.On July 24 (local time), Thom
POSCO FUTURE M is set to expand its high-nickel NCA cathode production capacity by more than 50,000 tons.On July 24, POSCO FUTURE M’s board of directors approved a plan to invest a total of 683.4 billion won (US$535.06 million) by 2025 to construct a high-nickel NCA cathode factory in Yulchon 1st In
The author is an analyst for NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com -- Ed.With commercialization of the firm’s lithium business nearing and related details taking shape, we raise our TP on POSCO Holdings to reflect the rising values of its lithium venture and subsidi
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.T’way Air’s 2Q23 OP arrived short of consensus due to larger-than-expected fare rate decline amid the off-season. The possibility of a stake sale by a major shareholder is leading to a valuation disc
The author is an analyst for Shinhan Securities. He can be reached at krpark@shinhan.com -- Ed.2Q23 OP meets market expectations at KRW1.33tr (+88.1% QoQ)POSCO Holdings registered consolidated sales of KRW20.1tr (+3.8% QoQ) and operating profit of KRW1.33tr (+88.1% QoQ) in 2Q23, meeting market expec
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.2Q23 OP falls short at KRW52.1bn (-6% YoY, +157% QoQ)POSCO Future M posted preliminary operating profit of KRW52.1bn (-6% YoY, +157% QoQ) on sales of KRW1.2tr (+49% YoY, +5% QoQ) for 2Q23, missing market
On July 24, SKC announced in its 2023 Sustainability Report that it plans to achieve more than 15% market share in the global silicon anode material market, a key component for next-generation secondary batteries, by 2032, aiming to become one of the top 3 in the market.“Given the solid position of
Amid an unprecedented semiconductor crunch, TSMC, the world’s leading semiconductor foundry, has taken the unusual step of raising its prices. The increase is thought to be driven by a growing clientele for advanced semiconductors of 5 nm or smaller and increased confidence in the technology to cate