[THE INVESTOR] Korea Aerospace Industries only logged 176.3 billion won (US$156.07 million) in new orders this year, and the delay in orders for Surion helicopters and its amphibious spin-off will affect its first half revenue in 2017, according to NH Investment and Securities on Oct. 26. The securities firm lowered the target price to 99,000 won from 110,000 won. The orders, however, will recover by the end of this year, said analyst Yu Jae-hoon, “as the third batch of Korean Utility Helicopter

Oct. 26, 2016

[THE INVESTOR] LG Household and Health Care’s revenue from duty-free stores should be seen from a conservative perspective following the Chinese cap on tourism to South Korea, according to Samsung Securities on Oct. 26.The securities firm lowered the target price to 1,010,000 won (US$894.12) from 1,150,000 won, as it cuts the prospective rate of increase in number of Chinese tourists coming to the country in 2017 to 5 percent from 15 percent. The Chinese government recently notified its tourism

Oct. 26, 2016

[THE INVESTOR] The Chinese government’s restrictions on tourists to South Korea in relation to THAAD deployment could increase uncertainty in Shinsegae’s duty-free business, according to NH Investment and Securities on Oct. 26. The securities firm lowered the target price to 300,000 won (US$265.58) from 330,000 won. “However, even when the number of Chinese tourists decreases by 20 percent Shinsegae’s duty-free store’s daily revenue will only decline 8.5 percent to 1.74 billion won from 1.9 bill

Oct. 26, 2016

[THE INVESTOR] LG Household and Health Care and life science company Macrogen announced on Oct. 25 that they have signed an agreement to establish a joint venture to enter the consumer genomics market. The companies will invest a combined 6 billion won (US$5.28 million) and equal stake in Genstory, to develop and provide direct-to-consumer genetic analysis service. The Ministry of Health and Welfare lifted a ban on having one’s DNA tested at a non-medical entity without a referral from medical i

Oct. 25, 2016

[THE INVESTOR]  Entertainment company IHQ has partnered with A&E Networks, a subsidiary of Walt Disney Co. to jointly develop contents for the global market, according to Maeil Business Newspaper on Oct. 24. IHQ has been seeking to expand into television drama and recording production and has a partner to provide its contents worldwide. Walt Disney will secure a foothold to make further inroads into South Korea. A&E, a documentary and drama cable, will also make use of a range of hallyu contents

Oct. 25, 2016

[THE INVESTOR] Cheil Worldwide’s 2016 operating profit will reach 137.4 billion won (US$120.98 million), the largest figure ever, Daishin Securities forecast on Oct. 25. The advertising company reported 28.8 billion won operating profit in the third quarter, up 6.14 percent on-year, in a regulatory filing on Oct. 24. Its revenue rose 14.32 percent to 780.9 billion won, and net profit hiked 43.38 percent to 25.5 billion won on-year.“Cheil Worldwide’s Q3 operating profit is significantly higher th

Oct. 25, 2016

[THE INVESTOR] Lotte Duty Free has maintained the third place for two consecutive years among the world’s duty-free operators by 2015 revenue, it announced on Oct. 24.According to The Moodie Report, Lotte’s sales in 2015 reached 3.75 billion euros (US$4.08 billion), after Switzerland’s Dufry (5.68 billion euros) and US’s DFS Group (3.77 billion euros). Lotte beat France’s LS Travel Retail to the third rank in 2014, and has closed in on DFS, in line with its aim to become the top duty-free operat

Oct. 24, 2016

[THE INVESTOR] AmorePacific Group will launch its better-priced range Innisfree with a flagship store in Manhattan in 2017, according to Money Today on Oct. 24. Actor Lee Min-ho attending the opening ceremony for Innisfree`s Shanghai flagship store in 2015. InnisfreeThe South Korean beauty giant is looking for a site for the store slated to open as early as the first half next year, and will open multiple outlets across the US, where it already has four brands Amore Pacific, Sulhwasoo, Laneige a

Oct. 24, 2016