SEOUL, June 26 (Reuters) – South Korea will lower its cap on fuel prices as part of efforts to curb inflation pressure, the finance minister said on Friday. “We kept the sixth fuel cap price unchanged …
South Korea’s HanmiGlobal plans U.S. unit for SMR projects
HanmiGlobal plans a U.S. SMR development company linking South Korean nuclear suppliers with fast-growing U.S. data center electricity demand.
South Korea’s SK Hynix Plans $29 Billion U.S. Debut
SK Hynix, the world’s third-largest memory chipmaker, announced on Tuesday it planned to raise $29 billion on the Nasdaq, marking the South Korean giant’s U.S. trading debut in what could be one of …
MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI’s Developed Markets watchlist.
CNBC Daily Open: Tech rout, MSCI moves on Indonesia and South Korea in focus
Global sell-off in tech stocks continues to rattle markets which spilled over to precious metals amid worries of higher interest rates.
South Korea vows continued reforms for MSCI developed market inclusion
Relevant authorities said on the 24th regarding South Korea’s failure to be included in Morgan Stanley Capital International (MSCI)’s developed market index, “If we steadily pursue reforms in the …
AI rally hits a wall: South Korea’s Kospi plunges 10%, triggers trading halt
South Korea’s Kospi plunged nearly 10 per cent on Tuesday, triggering a trading halt as investors dumped AI-linked chip stocks such as Samsung Electronics and SK Hynix, raising concerns that the …
South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 (Reuters) – South Korea’s Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is …
SK Hynix soars to new heights, becomes South Korea’s most valuable company
Memory chipmaker SK Hynix (000660.KS) has accelerated ahead to become South Korea’s most valuable company with a market cap of $1.36 trillion. Yahoo Finance Tech Editor Dan Howley discusses SK Hynix’s …
Massive bonuses for South Korea’s chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.