Hana Financial Group has announced on Aug. 24 that it conducted an event at the regional head office of Hana Bank in Mexico, where educational supplies were delivered to students of “Escuela Villa de las Niñas Chalco” in Mexico.The event was attended by Lee Eun-hyung, vice chairman of Hana Financial
The Financial Supervisory Service (FSS) is launching a comprehensive investigation into related securities firms to gather more precise information and evidence regarding the suspected preferential redemption of the “Lime Fund.” Amid allegations that funds were returned only to certain influential f
Forecasts indicate that China’s OLED shipments for smartphones will surpass South Korea’s by 2025.According to the “3rd Quarter OLED Market Track” report published by market research firm UBI Research on Aug. 28, the current market share of smartphone OLED shipments for South Korea and China stands
Amid the threat of a full-blown strike for the first time in five years, Hyundai Motor Company is facing pressure from labor unions even at its U.S. facilities where no labor union has been established. In South Korea, the Hyundai labor union has been ramping up pressure after securing the right to
Lotte Chilsung Beverage has been honored with the Special Award of the Year and a Gold Award at the Effie Awards Korea 2023.The Effie Awards, a prestigious global marketing communication awards ceremony, began in the U.S. in 1968. Currently, more than 55 programs are being conducted in 125 countries
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute August’s bear-steepening to a combination of: 1) fears of upward revisions to i* and r*; and 2) supply-demand pressures. Although supply-demand factors linger, concerns about increases t
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
The number of infants aged to 4 in South Korea is unusually small compared to those of other East Asian countries, according to an analysis.Lee Tae-yeol, a senior research fellow at the Korea Insurance Research Institute, said in a report on the severity of South Korea’s declining birthrate through
ESG disclosures in Korea will be mandatory for companies with more than 2 trillion won in assets starting in 2025, but even large companies are still struggling to prepare.The Korea Chamber of Commerce and Industry (KCCI) surveyed ESG executives from 100 Korean companies -- 59 large companies and 41
Apple, which has already surpassed Samsung in sales and profitability, is poised to overtake Samsung for the first time in market share by shipments with the iPhone 15 series scheduled to be unveiled in September. This has presented a challenge for Samsung Electronics, which has been the undisputed
U.S.-based tech giant Meta (formerly Facebook) recently visited South Korea to discuss next-generation DRAM with SK hynix. Nvidia, an AI semiconductor company, is also planning a visit soon.According to industry sources on Aug. 27, Meta officials visited the SK hynix headquarters in Icheon, Gyeonggi
Short selling of Hyundai Motor Group’s stocks has been intensifying, including both Hyundai Motor and Kia Motors. As concerns over performance grow, there are a rising number of investors betting on a decline in stock prices. In contrast, some experts in the securities industry believe that Hyundai
Ultium Cells, a battery joint venture between LG Energy Solution and General Motors, has reached a tentative agreement with the United Auto Workers (UAW) to increase wages for workers at the Ohio factory in the United States by 25 percent. This marks the first time that the UAW, the largest automoti
Due to a recent economic crisis in China, Korea’s exports to China may fall by US$36.92 billion this year, according to an analysis report.The report titled “Implications of Declining Exports to China on the Korean Economy,” released by the Hyundai Research Institute on Aug. 24, estimates how much a
The Monetary Policy Committee (MPC) of the Bank of Korea (BOK) has decided to maintain the benchmark interest rate at 3.50 percent annually. This marks the fifth consecutive freeze following similar decisions in February, April, May, and July.The MPC held a monetary policy direction meeting on the m
With Nvidia, a leading artificial intelligence (AI) semiconductor company, announcing surprising financial results, warmth is spreading among domestic semiconductor companies. This is due to the fact that Samsung Electronics and SK hynix hold a dominant position in the high bandwidth memory (HBM) ma
The Korean government has begun to improve its system to allow more skilled foreign workers to work longer at workplaces in Korea.On Aug. 24, the Ministry of Justice announced a plan to revolutionize work visa regulations in order to drive Korea’s economic growth at the 4th Regulation Innovation Str
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
Samsung Electronics is partnering with global luxury brand Thom Browne again to market a limited edition of its foldable phone, the Galaxy Z5, against Apple’s iPhone 15 series.According to industry sources on Aug. 24, Samsung Electronics will release Thom Brown editions of the Galaxy Z Fold5 and the
“Every Mercedes-Benz vehicle in the world has a piece of Korea in it,” said Ola Källenius, chairman of the Board of Management at Mercedes-Benz Group in an all-electric showcase meeting with local media at Shilla Hotel in Seoul on Aug. 24. “Korea is a very important market. I believe our cooperation