Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<p>In this report, we provide some of the main highlights of the recently published book called <strong><em>Moonjaeinnomics</em></strong> (authors work in Maeil Economy Daily, a leading business newspaper in Korea) as well as our thoughts. In the first few months of the new Presidency, there will be many policies that will be announced and this book provides many solid summaries of Moon Jaein's economic and social initiatives.</p><p>We highlight the following 10 issues:</p><ol><li><strong>Household Debt</strong></li><li><strong>Taxes</strong></li><li><strong>Efforts to Help Small &amp; Medium Businesses</strong></li><li><strong>Efforts to Improve Infant/Children Care, Improve Population Growth</strong></li><li><strong>Lower Telecom Rates</strong></li><li><strong>Infrastructure Expansion of Express Subway Trains </strong></li><li><strong>Change in the Energy Infrastructure</strong></li><li><strong>Jobs Creation &amp; Higher Minimum Wage</strong></li><li><strong>Aggressive Expansion in 4th Industrial Revolution Industries</strong></li><li><strong>Chaebol Reforms</strong></li></ol>

In this report, we provide some of the main highlights of the recently published book called Moonjaeinnomics (authors work in Maeil Economy Daily, a leading business newspaper in Korea) as well as our thoughts. In the first few months of the new Presidency, there will be many policies that will be announced and this book provides many solid summaries of Moon Jaein's economic and social initiatives.We highlight the following 10 issues:Household DebtTaxesEfforts to Help Small &amp; Medium BusinessesEfforts to Improve Infant/Children Care, Improve Population GrowthLower Telecom RatesInfrastructure Expansion of Express Subway Trains Change in the Energy InfrastructureJobs Creation &amp; Higher Minimum WageAggressive Expansion in 4th Industrial Revolution IndustriesChaebol Reforms

MOONJAEINNOMICS: This Book's Top 10 Highlights & My Thoughts

<p>While Amazon is crushing its competition in the retail sector in the US, the data regarding the retail sector in Korea reveal some interesting trends. We have included various metrics for the major retail companies in Korea, including free cash flow yield, sales growth, and operating margins.</p><div class="content-highlight"><p>Overall, we have a negative view on the retail sector in Korea. However, there may be a few companies including <a href="https://www.smartkarma.com/entities/8887" target="_blank" data-smartkarma-citation="entities:8887:1">CJ O Shopping Co Ltd (035760 KS)</a>, <a href="https://www.smartkarma.com/entities/2357" target="_blank" data-smartkarma-citation="entities:2357:1">Hyundai Home Shopping Network Corp (057050 KS)</a>, <a href="https://www.smartkarma.com/entities/2338" target="_blank" data-smartkarma-citation="entities:2338:1">Lotte</a>…</p></div>

While Amazon is crushing its competition in the retail sector in the US, the data regarding the retail sector in Korea reveal some interesting trends. We have included various metrics for the major retail companies in Korea, including free cash flow yield, sales growth, and operating margins.Overall, we have a negative view on the retail sector in Korea. However, there may be a few companies including CJ O Shopping Co Ltd (035760 KS), Hyundai Home Shopping Network Corp (057050 KS), Lotte…

Data Analysis of Major Retail Companies in Korea

<h2>Korea</h2><p><a href="https://www.smartkarma.com/profiles/820" target="_blank" data-smartkarma-citation="accounts:820">Scott Laprise/ 乐天虎</a> and <a href="https://www.smartkarma.com/profiles/612" target="_blank" data-smartkarma-citation="accounts:612">Prasenjit K. Basu</a> have provided great insights regarding the political turmoil surrounding North Korea. Scott makes it clear in his reports, <a href="https://www.smartkarma.com/insights/china-china-s-view-of-the-north-korea-problem-part-i" target="_blank" data-smartkarma-citation="insights:10292">China – China’s View of the North Korea Problem – Part I</a> &amp; <a href="https://www.smartkarma.com/insights/china-china-s-view-of-the-north-korea-problem-part-ii" target="_blank" data-smartkarma-citation="insights:10321">China – China’s View of the North Korea Problem – Part II</a>, that unlike what some of the western media is trying to portray as China supporting the North Korea nuclear program, this could not be further from the truth. The missile threat from North Korea to China is as big…</p>

KoreaScott Laprise/ 乐天虎 and Prasenjit K. Basu have provided great insights regarding the political turmoil surrounding North Korea. Scott makes it clear in his reports, China – China’s View of the North Korea Problem – Part I &amp; China – China’s View of the North Korea Problem – Part II, that unlike what some of the western media is trying to portray as China supporting the North Korea nuclear program, this could not be further from the truth. The missile threat from North Korea to China is as big…

The Week That Was in NorthAsia@Smartkarma - THAAD Deployment, Mobile Lineage, and Activism in Japan

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

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Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

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Samsung Electro Mechanics Co, Ltd. (009150 KS)

<ul>
<li>For the past 7 years Riedel Research has been issuing company-specific Corporate Governance scores on companies in the Emerging Markets. This service is now being widely used by risk managers, fundamental investors and quant funds.</li>
<li>Our proprietary Corporate Governance (CG) scoring system now covers over 1,725 stocks including over 200 in Korea.</li>
<li>RRG CG scores have a proven ability to highlight the risk of frauds and misstatements by EM companies and a track record of adding alpha. Over the past 5…</li>
</ul>


For the past 7 years Riedel Research has been issuing company-specific Corporate Governance scores on companies in the Emerging Markets. This service is now being widely used by risk managers, fundamental investors and quant funds.
Our proprietary Corporate Governance (CG) scoring system now covers over 1,725 stocks including over 200 in Korea.
RRG CG scores have a proven ability to highlight the risk of frauds and misstatements by EM companies and a track record of adding alpha. Over the past 5…


Corporate Governance Issues in Some of the Most Widely Held Korean Corporates

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

<div><div class="content-highlight"><h2>Japan</h2></div></div><h2>Strong pick-up truck sales in US</h2><p><a href="https://www.smartkarma.com/profiles/940" target="_blank" data-smartkarma-citation="accounts:940">Nick Tanner</a> suggested paying attention to the continued recovery of US pick-up truck sales for <a href="https://www.smartkarma.com/entities/15064" target="_blank" data-smartkarma-citation="entities:15064:1">Toyo Tire &amp; Rubber Co Ltd (5105 JP)</a>, nearly 60% of whose operating profit is coming from North America. However, Nick cautiously pointed out that we might want to closely watch Toyo's profitability this year, which is expected to be slightly lower than that of last year. <a href="https://www.smartkarma.com/profiles/713" target="_blank" data-smartkarma-citation="accounts:713">Mio Kato, CFA</a> also put out a piece on the strong pick-up sales in US. He argued that the ongoing…</p>

JapanStrong pick-up truck sales in USNick Tanner suggested paying attention to the continued recovery of US pick-up truck sales for Toyo Tire &amp; Rubber Co Ltd (5105 JP), nearly 60% of whose operating profit is coming from North America. However, Nick cautiously pointed out that we might want to closely watch Toyo's profitability this year, which is expected to be slightly lower than that of last year. Mio Kato, CFA also put out a piece on the strong pick-up sales in US. He argued that the ongoing…

The Week That Was in NorthAsia@Smartkarma: Trucks, Pachinko, and Life Insurance

South Korea

Lotte Shopping Co., Ltd. operates department stores and discount stores in South Korea.  The Company retails clothing, household goods, foods and other items through several branches.  Lotte Shopping also operates supermarkets and movie theaters.

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Lotte Shopping Co (023530 KS)

MOONJAEINNOMICS: This Book's Top 10 Highlights & My Thoughts

In this report, we provide some of the main highlights of the recently published book called Moonjaeinnomics (authors work in Maeil Economy Daily,...

Douglas Kim

Data Analysis of Major Retail Companies in Korea

While Amazon is crushing its competition in the retail sector in the US, the data regarding the retail sector in Korea reveal some interesting...

Douglas Kim

The Week That Was in NorthAsia@Smartkarma - THAAD Deployment, Mobile Lineage, and Activism in Japan

KoreaScott Laprise/ 乐天虎 and Prasenjit K. Basu have provided great insights regarding the political turmoil surrounding North Korea. Scott makes it...

Douglas Kim

Corporate Governance Issues in Some of the Most Widely Held Korean Corporates

For the past 7 years Riedel Research has been issuing company-specific Corporate Governance scores on companies in the Emerging Markets. This...

David Riedel

The Week That Was in NorthAsia@Smartkarma: Trucks, Pachinko, and Life Insurance

JapanStrong pick-up truck sales in USNick Tanner suggested paying attention to the continued recovery of US pick-up truck sales for Toyo Tire &...

Sanghyun Park

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