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    KwangRae Park

    Research Analyst at Shinhan Investment Securities

    KwangRae Park is a Research Analyst at Shinhan Investment Securities, specializing in coverage of South Korean conglomerates and industrial firms such as SK Hynix, Hyundai Motor, and SeAH Holdings. He is recognized for providing actionable financial insights and stock price targets for leading market players, supporting investment decisions with up-to-date earnings analysis and consensus forecasting. Park began his career at Shinhan Financial Investment before continuing at Shinhan Investment Securities, with his published research influencing both domestic and international investors in sectors like semiconductors, materials, and logistics. He is a key contributor to analyst coverage in the South Korean equities market, although specific performance metrics and formal professional credentials are not publicly detailed.

    KwangRae Park's questions to POSCO HOLDINGS (PKX) leadership

    KwangRae Park's questions to POSCO HOLDINGS (PKX) leadership • Q2 2024

    Question

    KwangRae Park of Shinhan Investment Securities asked for the steel business outlook for the second half, specifically regarding sales volume and profit margins, and inquired about potential short-term earnings volatility from the non-core asset restructuring.

    Answer

    An executive from the Steel business projected a 1 million ton sales increase in H2, with slightly improved mill margins as raw material cost declines are expected to outpace steel price drops. Regarding restructuring, another executive acknowledged the possibility of temporary losses but stated they would be spread over several years and covered by cash generation and improved earnings from the remaining portfolio, thus minimizing short-term impact.

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