Tag: EV

  • Hankook Tire & Technology Announces Value Enhancement Plan: Investment Strategy Analysis

    Hankook Tire & Technology Announces Value Enhancement Plan: Investment Strategy Analysis 대표 차트 이미지

    1. What Happened?

    On September 25, 2025, Hankook Tire & Technology announced its ‘Value Enhancement Plan’ through a voluntary disclosure. This plan focuses on securing future growth drivers based on two main pillars: the continuous growth of the tire business and financial stability of Hanon Systems.

    2. Why Does It Matter?

    This plan is a crucial indicator of Hankook Tire & Technology’s future growth strategy. Capturing the expanding EV tire market, focusing on high-inch tires, and expanding shareholder returns offer important investment points for investors.

    • Tire Business: Strengthening the ‘iON’ EV tire lineup and expanding high-inch tire sales to secure market competitiveness.
    • Thermal Management Business: Establishing a sustainable growth foundation through securing the financial stability of Hanon Systems.
    • Shareholder Return Expansion: Gradual expansion of shareholder returns to enhance shareholder value.

    3. What’s the Expected Outcome?

    With successful implementation of the plan, Hankook Tire & Technology is expected to secure a leading position in the EV tire market and strengthen the growth and profitability of its tire business. However, external factors such as global economic slowdown, raw material price volatility, and interest rate hikes could pose potential risks.

    4. What Should Investors Do?

    While positive momentum is expected in the short term, investors should carefully monitor the plan’s execution and market conditions from a mid-to-long-term perspective. Pay close attention to Hanon Systems’ performance improvement, risk management related to exchange rate and interest rate fluctuations, and efforts to strengthen ESG management.

    Frequently Asked Questions

    What are the key points of Hankook Tire’s value enhancement plan?

    The key aspects are the growth and profitability enhancement of the tire business and securing the financial stability of Hanon Systems. Focusing on the EV tire market and expanding shareholder returns are key elements.

    What should investors be aware of?

    Investors should consider external factors like global economic slowdown, raw material price fluctuations, interest rate hikes, and the performance volatility of Hanon Systems.

    What is Hankook Tire’s EV tire strategy?

    Hankook Tire aims to establish a leading position in the EV tire market by strengthening its ‘iON’ EV tire lineup and investing in technology development.

    Hankook Tire & Technology Announces Value Enhancement Plan: Investment Strategy Analysis 관련 이미지
    Hankook Tire & Technology Announces Value Enhancement Plan: Investment Strategy Analysis 관련 이미지
  • Kia’s Overseas IR: Analyzing EV Growth Momentum and Investment Strategies



    Kia's Overseas IR: Analyzing EV Growth Momentum and Investment Strategies 대표 차트 이미지






    Kia’s Overseas IR: What’s it all about?

    Kia will hold a Non-Deal Roadshow for key overseas investors on September 25, 2025. The focus of this IR is not merely on attracting investment, but on enhancing corporate value and strengthening communication with investors by sharing management’s latest business status and future strategies.

    Kia’s Current Status and Future Strategies

    Kia recorded consolidated revenue of KRW 57.3671 trillion (a 6.7% YoY increase) and operating profit of KRW 5.7733 trillion (an 18.3% YoY decrease) in the first half of 2025. The revenue growth was driven by strong sales of eco-friendly vehicles in advanced markets and increased ASP due to enhanced product competitiveness. The decline in operating profit is attributed to factors such as tariffs imposed in the US market. Kia has also demonstrated success in its electrification strategy, achieving the top market share in the domestic EV market and successfully launching the EV3 in Europe. Its financial soundness is solid with a debt-to-equity ratio of 64.58%.

    External Factors to Consider for Investment

    The macroeconomic environment can impact Kia’s performance. A 10% fluctuation in the current EUR/KRW and USD/KRW exchange rates is estimated to have an impact of approximately KRW 73.7 billion on profit before corporate income tax. Investors should also closely monitor fluctuations in US and European interest rates, international oil prices, and rising raw material prices.

    What does Kia’s IR mean for investors?

    This IR presents a crucial opportunity to gain insights into Kia’s growth strategies and future vision. Investors should pay attention to the specific implementation plans for the electrification strategy, the new car launch roadmap, and strategies to address macroeconomic variables. A successful IR can boost investor confidence and positively impact stock prices. However, market evaluation of the IR results and competitor trends should also be considered.

    Key Action Plan for Investors

    • Carefully review IR materials and management presentations.
    • Monitor trends in macroeconomic indicators.
    • Analyze competitors’ IR activities and market reactions.
    • Develop an investment strategy with a long-term perspective.


    FAQ

    What are Kia’s main electric vehicle models?

    The EV6, EV9, and Niro EV are some of Kia’s key electric vehicle models.

    What is Kia’s overseas market entry strategy?

    Kia is expanding its eco-friendly vehicle sales, primarily in advanced markets, and increasing market share through region-specific strategies.

    What is Kia’s future dividend policy?

    Details on the dividend policy can be found in the IR materials.









    Kia's Overseas IR: Analyzing EV Growth Momentum and Investment Strategies 관련 이미지




  • Hanjung ENC: 5.49% Stake Acquisition – Investment Opportunity or Not? Key Analysis and Investment Strategy



    Hanjung ENC: 5.49% Stake Acquisition - Investment Opportunity or Not? Key Analysis and Investment Strategy 대표 차트 이미지






    What Happened?

    Life-JB Woori Sino-Korean New Technology Investment Association No. 1 announced on September 17, 2025, that it has acquired a 5.49% stake in Hanjung ENC. This was achieved through the acquisition and conversion of convertible bonds (CBs), stated as a simple investment.

    What is Hanjung ENC?

    Hanjung ENC manufactures and sells ESS (Energy Storage System) and EV (Electric Vehicle) components. Although recently facing difficulties due to a sharp decline in ESS sales, the company is seeking a turnaround through EV business expansion and entry into the North American market.

    Why is This Investment Important?

    While stated as a simple investment, the market is interpreting this move in various ways. The acquisition of a significant 5.49% stake indicates the investment association’s bet on Hanjung ENC’s growth potential. This could even be interpreted as considering future management participation.

    What Should Investors Do?

    • Positive Aspects: The stake acquisition can attract market attention and provide momentum for stock price increases. This is especially true if coupled with improving fundamentals.
    • Negative Aspects: Investors should be wary of the continued sluggish performance in the ESS sector and the potential dilution effect from CB conversion.

    When making investment decisions, carefully consider the following:

    • Whether the ESS sector recovers
    • Growth potential of the EV component business
    • Further actions of the investing entity
    • Timing and volume of CB conversion


    FAQ

    What is Hanjung ENC’s main business?

    Hanjung ENC manufactures and sells ESS (Energy Storage System) and EV (Electric Vehicle) components.

    How will this investment affect Hanjung ENC’s stock price?

    It could provide positive momentum in the short term, but the mid-to-long-term stock price trend depends on the company’s earnings improvement.

    What are the key points to consider when investing?

    Consider the continued sluggish performance in the ESS sector and the dilution effect from CB conversions.









    Hanjung ENC: 5.49% Stake Acquisition - Investment Opportunity or Not? Key Analysis and Investment Strategy 관련 이미지
    Hanjung ENC: 5.49% Stake Acquisition - Investment Opportunity or Not? Key Analysis and Investment Strategy 관련 이미지




  • Nexen Tire IR Analysis: Securing Growth Momentum in the EV Era? (September 2025)



    Nexen Tire IR Analysis: Securing Growth Momentum in the EV Era? (September 2025) 대표 차트 이미지






    1. Nexen Tire IR: What Was Discussed?

    Nexen Tire held an IR session on September 18, 2025, aiming to enhance investor understanding of the company’s R&D status. Key R&D infrastructure and achievements were presented, with a particular focus on EV-specific tires and eco-friendly material development.

    2. Why Pay Attention to Nexen Tire?

    • Solid Growth: As of H1 2025, Nexen Tire recorded improved performance compared to the same period of the previous year, with sales of KRW 1.5759 trillion and operating profit of KRW 83.3 billion (operating profit margin of 5.29%).
    • Securing Future Growth Drivers: The company has established a foundation for sustainable growth through the expansion of its global sales network, stabilization of its European plant operations, and increased supply to premium car manufacturers.
    • Increased R&D Investment: Nexen Tire is focusing on securing future competitiveness through continuous R&D investment at approximately 2.9% of sales, particularly in the development of EV-specific tires and eco-friendly materials.
    • Stable Financial Structure: The company maintains a stable capital ratio with a net debt-to-equity ratio of 45.19%.

    3. Key Investment Takeaways

    Positive Factors:

    • Expected benefits from the growth of the EV and eco-friendly tire market
    • Market expansion based on a global sales network and European production base
    • Strengthened technological competitiveness through continuous R&D investment

    Risk Factors:

    • Continued uncertainty regarding US anti-dumping duties
    • Possibility of deteriorated export profitability due to exchange rate fluctuations
    • Increased burden of raw material price increases and logistics costs
    • Intensified competition in technology development and new product launches compared to competitors

    Investment Action Plan: Carefully review the IR presentation and continuously monitor changes in the macroeconomic environment and the company’s performance trends when making investment decisions.



    FAQ

    What are Nexen Tire’s main business segments?

    Nexen Tire’s core business segment is the tire segment (99.77% share). The non-tire segment, including transportation and storage, generates stable profits, while the mold segment requires profitability improvement.

    What is Nexen Tire’s R&D investment status?

    Nexen Tire consistently invests approximately 2.9% of its sales in R&D, focusing on the development of EV-specific tires and eco-friendly materials.

    What is the outlook for Nexen Tire’s stock price?

    While this IR event could have a positive impact, the stock price may fluctuate depending on market conditions and the content of the announcement. It is crucial to thoroughly review the IR materials and subsequent earnings announcements.









    Nexen Tire IR Analysis: Securing Growth Momentum in the EV Era? (September 2025) 관련 이미지
    Nexen Tire IR Analysis: Securing Growth Momentum in the EV Era? (September 2025) 관련 이미지




  • Kia at KIS Conference: Investment Opportunity? IR Analysis for September 17, 2025



    Kia at KIS Conference: Investment Opportunity? IR Analysis for September 17, 2025 대표 차트 이미지






    What’s Happening? Kia at the KIS Global Investors Conference

    Kia will update its key management plans at the KIS Global Investors Conference 2025 on September 17, 2025. Investors are particularly interested in the anticipated announcements regarding the company’s EV strategy and new business ventures.

    Kia’s Current Standing: Fundamentals and Market Expectations

    • Solid Growth: Total revenue in the first half of 2025 increased by 6.7% year-on-year to KRW 57.3671 trillion.
    • Maintaining Profitability: Despite tariff impacts in the US market, Kia achieved a 10.1% operating profit margin.
    • Robust Financial Structure: Maintains a stable financial position with a debt-to-equity ratio of 64.58%.
    • Securing Future Growth Engines: Focused on securing future growth drivers through EV launches, preemptive efforts in the PBV market, and expansion into finance and real estate.

    The market anticipates Kia’s continued growth and competitiveness in the EV market. Investors expect concrete information on future earnings forecasts and growth strategies at this conference.

    Investment Opportunity? Analyzing the Event’s Impact

    Positive Impacts:

    • Building investor confidence and fostering positive investment sentiment through conference participation.
    • Enhancing global brand awareness and expanding investor networks.
    • Highlighting growth drivers such as EV strategy and new businesses, potentially creating momentum for stock price increase.

    Potential Negative Impacts:

    • Weaker-than-expected earnings announcements or unexpected risk disclosures could dampen investor sentiment.
    • Highlighting relative weaknesses compared to competitors could negatively impact market valuations.

    Action Plan for Investors

    • Carefully analyze IR announcements: Focus on key details such as EV strategy, new business plans, and profitability improvement measures.
    • Maintain a long-term perspective: Focus on long-term growth potential rather than short-term market reactions.
    • Monitor external environment changes: Continuously monitor external factors such as fluctuations in exchange rates, interest rates, raw material prices, and geopolitical risks.

    This report is for investment reference purposes only, and investment decisions are the responsibility of the individual investor.



    Frequently Asked Questions

    What is the KIS Global Investors Conference?

    A large-scale investment conference where companies present their management status and investment strategies to domestic and international institutional investors.

    What are the key announcements expected from Kia at this conference?

    Key announcements are expected to include Kia’s EV strategy, new business plans, and profitability improvement measures.

    What are the key factors to consider when investing in Kia?

    Investors should consider macroeconomic changes, intensifying competition, and geopolitical risks.









    Kia at KIS Conference: Investment Opportunity? IR Analysis for September 17, 2025 관련 이미지




  • Kia Stock Forecast: Analyzing the Opportunities and Risks Behind the Block Deal (September 2025)





    1. What Happened? Kia Experiences a Large Block Deal

    On September 15, 2025, Kia recorded a large block deal of 463,750 shares, amounting to approximately 47.2 billion KRW. This transaction, the largest by a single investor that day, could significantly influence the future stock price trend.

    2. Why? Understanding the Context Through Earnings and Market Analysis

    In the first half of 2025, Kia continued its revenue growth with increased HEV/EV sales and higher average selling prices (ASP). However, profitability slowed due to factors such as tariffs imposed in the US market. Global economic slowdown, geopolitical risks, and high interest rates are also adding to the uncertainties. While the growth of the eco-friendly car market presents an opportunity for Kia, fluctuations in exchange rates and raw material prices pose ongoing risks.

    3. So What? Stock Forecast and Investment Strategy

    The large block deal has focused market attention and may signal the future direction of the stock price. Recent net selling by foreign investors could cause short-term supply and demand instability, but further observation is needed to determine its impact on the company’s fundamentals. Kia is expected to maintain its growth momentum in the eco-friendly car market while navigating external variables, backed by its stable financial structure.

    4. Action Plan for Investors

    • Risk Management: Continuously monitor key risk factors, including US tariff policies, exchange rate fluctuations, and rising raw material prices.
    • Opportunity Capture: Consider investment strategies that leverage positive momentum, such as strong HEV/EV sales, new car launches, and expansion of future mobility businesses.
    • Information Gathering: Consistently collect and analyze relevant information, including foreign investment trends, exchange rate and raw material price fluctuations, and sales performance in major markets, to inform investment decisions.


    Frequently Asked Questions (FAQ)

    What does a large block deal signify?

    A large block deal refers to a substantial trade of shares outside of regular trading hours. It can reflect the intentions of specific investors and may be interpreted as a significant signal for future stock price movements.

    What are Kia’s future growth drivers?

    Kia is securing future growth drivers through the expansion of the eco-friendly car market and investments in new businesses. In particular, the strengthening of the EV lineup and development of autonomous driving technology are expected to contribute to enhancing long-term competitiveness.

    What should investors be aware of?

    Investors should consider external risk factors such as US tariff policies, exchange rate volatility, and rising raw material prices. It is also essential to closely monitor foreign investment trends and changes in the market environment to adjust investment strategies accordingly.



  • Ecopro BM IR Analysis: September 16, 2025 Investor Relations and Investment Strategies

    Ecopro BM IR Analysis: September 16, 2025 Investor Relations and Investment Strategies 대표 차트 이미지

    1. Ecopro BM IR Key Takeaways (September 16, 2025)

    This IR will primarily cover Ecopro BM’s first-half 2025 business performance and future growth strategies. Investors are particularly keen to hear concrete answers regarding plans for profitability improvement and securing financial soundness. The sharing of information on the development status and market outlook for next-generation battery materials is another key point to watch.

    2. Fundamental Analysis: Coexistence of Growth and Risk

    Growth Drivers: The steady growth of the electric vehicle market is supporting Ecopro BM’s sales growth. Next-generation material development and CAPA expansion are also positive factors.

    • Risk Factors: Volatility in raw material prices, intensifying competition, and increasing debt are putting pressure on profitability and financial soundness.

    Key Indicator Analysis: While sales increased year-on-year in the first half of 2025, the operating profit margin remains low at 3.63%. The deteriorating operating cash flow and increasing debt trend also require attention.

    3. Market Environment Analysis: Opportunities and Threats

    Opportunities: Growth in the global electric vehicle market suggests continued demand growth.

    • Threats: The possibility of slower growth in the European and North American markets, raw material price volatility, increasing exchange rate and interest rate volatility, and intensifying competition are increasing uncertainty.

    4. Post-IR Investment Strategy: Careful Approach After Information Verification

    It is crucial to thoroughly analyze the information presented in this IR to confirm whether profitability and financial soundness are improving. Pay close attention to management’s strategies for improving profitability, securing financial soundness, and the roadmap for the growth of next-generation materials businesses. While mid- to long-term growth potential remains valid, short-term stock price volatility should be noted. The investment recommendation is ‘Hold’, and it is advisable to make investment decisions considering the IR results and future market conditions comprehensively.

    Frequently Asked Questions

    What is Ecopro BM’s main business?

    Ecopro BM develops and produces secondary battery materials, including high-nickel cathode materials. They are rapidly growing along with the electric vehicle battery market.

    What are the key points to watch for in this IR?

    Key areas of interest include profitability improvement plans, financial soundness strategies, the development status of next-generation battery materials, and market outlook.

    What are the precautions for investing in Ecopro BM?

    Investors should be aware of the profitability and financial risks stemming from raw material price volatility, intensifying competition, and increasing debt. It is advisable to make investment decisions after carefully analyzing the information disclosed during the IR and the market conditions.

    Ecopro BM IR Analysis: September 16, 2025 Investor Relations and Investment Strategies 관련 이미지
  • Yunghwa Tech IR: A Golden Investment Opportunity? Analyzing the EV Market’s Rising Star



    Yunghwa Tech IR: A Golden Investment Opportunity? Analyzing the EV Market's Rising Star 대표 차트 이미지






    Yunghwa Tech IR: What to Expect

    Yunghwa Tech’s IR meeting on September 16th will provide investors with insights into the company’s vision and growth strategy. The event will feature a review of the first half 2025 results, future business plans, and a Q&A session.

    Yunghwa Tech: Emerging as a Key Player in the Eco-friendly Vehicle Market

    Yunghwa Tech manufactures key components for future mobility, including junction boxes, EV/secondary battery parts, and hydrogen fuel cell vehicle parts. With a significant 78.7% of its business focused on exports, the company has a strong global presence. Recent expansion into battery packs and battery recycling further fuels its growth trajectory.

    Financial Stability and Growth Potential

    Boasting a low debt-to-equity ratio of 2.13%, Yunghwa Tech exhibits robust financial health. Revenue for the first half of 2025 increased by 16.7% year-over-year to KRW 54.31 billion, and operating cash flow also saw a substantial 95.4% increase, demonstrating strong cash generation capabilities.

    Key Information for Investors: What to Watch for at the IR

    • Clear explanation for the decline in net income and future outlook
    • Mexico plant utilization rate and productivity improvement plans
    • Progress on new businesses such as battery packs and battery recycling
    • Potential new supply contracts with global OEMs

    Is Now the Right Time to Invest in Yunghwa Tech?

    Yunghwa Tech possesses high growth potential, aligning with the expansion of the eco-friendly vehicle market. This IR meeting presents a valuable opportunity for investors to become part of Yunghwa Tech’s growth story. However, potential risks such as exchange rate fluctuations and intensifying market competition should be considered before making investment decisions.



    Frequently Asked Questions (FAQ)

    What are Yunghwa Tech’s main businesses?

    Yunghwa Tech manufactures key components for future mobility, including junction boxes, EV/secondary battery parts, and hydrogen fuel cell vehicle parts. They are also expanding into battery packs and battery recycling.

    How did Yunghwa Tech perform in the first half of 2025?

    Revenue increased by 16.7% year-over-year to KRW 54.31 billion. However, operating income and net income decreased by 4.5% and 72.7%, respectively. The decline in net income is primarily attributed to exchange rate fluctuations and one-off factors.

    What are the key risks to consider when investing in Yunghwa Tech?

    Investors should consider potential risks such as exchange rate fluctuations, intensifying competition in the eco-friendly vehicle parts market, and uncertainties related to new business ventures.









    Yunghwa Tech IR: A Golden Investment Opportunity? Analyzing the EV Market's Rising Star 관련 이미지
    Yunghwa Tech IR: A Golden Investment Opportunity? Analyzing the EV Market's Rising Star 관련 이미지




  • Hanjung NCS: Share Transfer and Future Outlook Amidst Sluggish Performance



    Hanjung NCS: Share Transfer and Future Outlook Amidst Sluggish Performance 대표 차트 이미지






    What Happened?

    On September 5, 2025, Hanjung NCS CEO Kim Hwan-sik and Oh Seung-ah transferred 1,800,000 and 200,000 shares, respectively, to Kim Sang-gyun. This resulted in a slight decrease in total ownership from 35.49% to 35.47%.

    Why Does it Matter?

    Hanjung NCS has been struggling with sluggish performance in the first half of 2025. Sales decreased by 6.4% year-on-year, and both operating profit and net income recorded losses. This share transfer under such circumstances could raise concerns among investors. However, the transfer can be interpreted as suggesting the possibility of future management succession or role sharing by increasing Kim Sang-gyun’s stake, rather than a change in management control.

    What’s Next?

    The share transfer itself is unlikely to directly impact the stock price. However, it can be seen as a sign of the owner family’s commitment to long-term management. Future stock price movements are expected to depend on fundamentals such as earnings improvement and performance in the North American ESS market.

    What Should Investors Do?

    Investors should focus on the company’s fundamental improvements and long-term growth potential rather than short-term stock price fluctuations. While the growth of the ESS and EV markets and the strengthening of eco-friendly policies can be positive factors for Hanjung NCS, raw material price volatility and intensifying competition pose risks. Therefore, careful analysis is required before making investment decisions.



    FAQ

    What are Hanjung NCS’s main businesses?

    Hanjung NCS’s main businesses are ESS (Energy Storage System) and automotive parts. In particular, they are pursuing entry into the North American ESS market based on their water-cooled cooling system technology.

    What is the impact of this share transfer on the stock price?

    The share transfer itself is not expected to have a significant impact on the stock price. However, it implies management stability and the possibility of succession.

    What is the outlook for Hanjung NCS?

    While the growth of the ESS and EV market is positive, overcoming sluggish performance and strengthening competitiveness are crucial. Success in the North American ESS market will be a key variable.









    Hanjung NCS: Share Transfer and Future Outlook Amidst Sluggish Performance 관련 이미지
    Hanjung NCS: Share Transfer and Future Outlook Amidst Sluggish Performance 관련 이미지




  • Pino Secures KRW 6.1 Billion NCM Precursor Supply Contract with L&F: What’s Next for the Stock?



    Pino Secures KRW 6.1 Billion NCM Precursor Supply Contract with L&F: What's Next for the Stock? 대표 차트 이미지






    Pino Signs KRW 6.1 Billion NCM Precursor Supply Contract

    Pino announced on September 4, 2025, that it had signed a KRW 6.1 billion NCM precursor supply contract with L&F. The contract period runs from August 28, 2025, to November 3, 2025, approximately two months. This represents about 5.99% of Pino’s first-half revenue in its 36th fiscal year, a substantial amount considering the short contract duration. Notably, the high percentage relative to sales (19.75%) highlights the contract’s significant importance to Pino.

    The Contract’s Significance and Future Outlook

    This contract holds significant implications for the expansion of Pino’s new energy business. Securing a major client like L&F strengthens Pino’s market position and increases the likelihood of winning additional contracts in the future. Moreover, it’s expected to contribute not only to short-term sales growth but also to stable long-term profit generation.

    However, Pino still faces high debt-to-equity ratio and operating losses, and the sluggish performance of its existing business segments persists. Therefore, investors should not solely focus on the potential for short-term stock price increases but carefully evaluate the company’s long-term financial health and the possibility of a turnaround in its existing businesses.

    Key Checkpoints for Investors

    • Positive Factors: Increased sales in the new energy business, securing a major client, enhanced market competitiveness
    • Negative Factors: High debt-to-equity ratio, continuous operating losses, sluggish performance of existing businesses

    Pino’s future stock price is expected to fluctuate based on the contract’s fulfillment, securing additional contracts, and the company’s efforts to improve its financial structure. Investors should make cautious investment decisions by comprehensively considering these factors.



    Frequently Asked Questions

    How will this contract impact Pino’s financials?

    While it is expected to contribute to sales growth in the short term, the long-term profitability improvement remains uncertain. Addressing the company’s financial health is crucial.

    What is the outlook for Pino’s new energy business?

    The outlook is positive, in line with the growth of the EV and ESS markets, but variables such as intensifying competition and technological changes should also be considered.

    Should I invest in Pino?

    While there’s potential for short-term stock price momentum, careful investment decisions are necessary, considering the financial risks and the sluggish performance of existing businesses.









    Pino Secures KRW 6.1 Billion NCM Precursor Supply Contract with L&F: What's Next for the Stock? 관련 이미지
    Pino Secures KRW 6.1 Billion NCM Precursor Supply Contract with L&F: What's Next for the Stock? 관련 이미지