The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Due to slowing demand in downstream industries and continued inventory adjustments in distribution channels, PI AMC’s 2H23 earnings are likely to miss our estimates. However, considering already hi
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Three years of corrections have sent Internet share prices down to the 2019 levels, with Internet companies suffering slowed earnings growth amid a languid expansion of their webtoon, fintech, and
The growth of electric vehicles (EVs) changing the paradigm of the global automobile market has come to an abrupt halt. As a result, carmakers are showing mixed moves.General Motors (GM), Ford and Volkswagen, as well as the world’s No. 1 EV maker Tesla, have postponed or canceled their investment pl
The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Justice (MOJ) announced on Nov. 7 that a total of 14,359 production workers were injected into the Korean shipbuilding industry through the first three quarters of this year. The workers included Korean workers, foreign specializ
Three core semiconductor and display materials that Japan put restrictions on when they were exported to Korea in 2019 were extreme ultraviolet (EUV) photoresist, hydrogen fluoride, and flurinated polyimide. Unlike the localization of hydrogen fluoride and flurinated polyimide, Korea has been slow i
In the first three quarters of this year, Chinese companies claimed first and second place in the global electric vehicle battery market. The three major Korean battery makers ranked third, fifth, and seventh, respectively.According to market research firm SNE Research on Nov. 7, China’s CATL held t
S-OIL announced on Nov. 7 that it has received an A+ rating in this year’s ESG Comprehensive Assessment conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS), the country’s leading environmental, social and governance (ESG) rating organization.S-OIL simultaneously operat
Pernod Ricard Korea, the Korean affiliate of global wine and spirit company Pernod Ricard group, has signed a business agreement with Jeonju University to provide a free training on sustainable bar operations.The agreement will expand the ‘Bar World of Tomorrow' program, which was previously only av
On Nov. 6, the first day of the complete ban on short selling, the KOSDAQ market witnessed 164.9 billion won (US$125.69 million) worth of short sales. Among these transactions, a remarkable 99 percent consisted of hedges by the Liquidity Providers (LPs) for exchange-traded funds (ETFs). As individua
The Shanghai Containerized Freight Index (SCFI), which reflects the freight rates for container ships worldwide, has reached its highest levels of the year. However, the substantial decrease in freight rates in comparison to the previous year is having a negative impact on HMM’s profitability.Accord
On Nov. 7, the second day of the complete ban on short selling, the KOSPI index fell by 2.33 percent, and the KOSDAQ index dropped by 1.80 percent.Even on the second day of the government’s complete ban on short selling, controversy continues in the securities market.According to financial authoriti
The Board of Audit and Inspection of Korea (BAI) is reportedly closely examining whether there were any unfair privileges taken or solicitation involved in the process of the government’s shares returning to the private sector. This scrutiny pertains to the massive policy fund-supported restructurin
China’s exports have continued to fall for three consecutive months.According to the General Administration of Customs of China, China’s exports in October amounted to US$274.83 billion, a decrease of 6.4% compared to the same month last year. This decline exceeded the previous month’s drop of 6.2%
The Korea Electric Vehicle Charging Service (KEVCS), operator of the domestic electric vehicle charging service Happecharger, has recently announced a complete ban on charging Tesla vehicles at its charging stations.In September, KEVCS posted a notice on the Happecharger website under the title “Not
Amid a steadfast strategy of selective order intake focusing on high-value-added vessels, the South Korean shipbuilding industry has finally surpassed China to record the world’s highest global market share. This success comes in the wake of a continuous rise in the Newbuilding Price Index, securing
The Ministry of SMEs and Startups led by Minister Young Lee and the Saudi Small and Medium Enterprises Authority headed by Sami bin Ibrahim Alhussaini announced that they held bilateral talks in Seoul on Nov. 7 to discuss the establishment of the Korea-Saudi SMEs and Startups Cooperation road map.Th
Forbes today unveiled its 2023 Asia’s Power Businesswomen list, honoring 20 successful female leaders across the Asia-Pacific region, who operate in a broad range of industries including finance and banking, property, technology and commodities. The complete list can be found in the November issue o
ArkData has entered into an Independent Software Vendor (ISV) partnership agreement with TmaxTibero, a specialist in Database Management Systems (DBMS), led by CEO Kim Dae-ki. The agreement, announced on the 8th, is aimed at enhancing the efficient management of their IT infrastructure and data.This
Following the discovery of insects in Harim’s raw chicken products, the Ministry of Food and Drug Safety (MFDS) has begun an on-site investigation into the matter.The MFDS announced that it would conduct an on-site inspection to ensure the implementation of preventive measures submitted by Harim on
Hyosung Heavy Industries conducted a shipment ceremony on Nov. 6 in Haman, South Gyeongsang Province, for the delivery of a container-type Static Synchronous Compensator (STATCOM), a stationary reactive power compensation device, to Japan’s Steel CompanyThe exported product is the first instance of