Tag: south korea’s
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South Korea’s Samsung SDI to buy out GM’s stake in battery joint venture
Aug 11 : South Korean battery maker Samsung SDI said on Tuesday it will end its joint venture agreement with General Motors in Indiana and acquire the U.S. firm’s 49.99 per cent stake, citing weaker-than-expected electric vehicle demand.Here are some details:• Samsung SDI said in a regulatory filing
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South Korea’s central bank to buy gold from domestic producers
SEOUL, Aug 3 : South Korea’s central bank will buy gold from local producers to diversify its sources of supply and increase its holdings of the precious metal, it said on Monday. The Bank of Korea said it has established a framework for domestic gold purchases with local producers, Korea Exchange and Korea S
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South Korea’s Ryu sets pace in Women’s British Open
July 30 : South Korea’s Ryu Hae-ran began her hunt for a third successive major with a five-under 66 to sit on top of the first-round leaderboard at a breezy Royal Lytham on Thursday.World number one Nelly Korda, also with two major wins this season, struggled to a two-over 73, never recovering from two bogey
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Nvidia to acquire $1 billion of new shares of South Korea’s Naver
SEOUL, July 27 : South Korea’s Naver said in a regulatory filing on Monday that Nvidia will acquire $1 billion of its shares to be newly issued as part of an investment partnership to build a new data center.
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South Korea’s SK Hynix, Samsung Elec sign $950 billion partnership with US big tech
SEOUL, July 25 : South Korea’s Samsung Electronics and SK Hynix will pursue memory chip supply partnership with U.S. big tech companies including Nvidia worth $950 billion overall, South Korea’s presidential adviser said on Saturday.It includes the long-term supply of $750 billion in memory chips to U.S. comp
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South Korea’s Q2 GDP beats estimates on chip export boom
SEOUL, July 23 : South Korea’s economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advance estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6 per cent in the April-June period
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South Korea’s Kim leads Open as Burns falters
SOUTHPORT, England, July 19 : South Korea’s Kim Si-woo took the lead in the final round of the British Open at Royal Birkdale on Sunday as overnight leader Sam Burns faltered on the outward nine.With huge crowds hoping to roar on home favourite Tommy Fleetwood as he chased his first major, it was Kim who…
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SK Hynix set to benefit as South Korea’s ruling party seeks to ease capital-raising rules
SEOUL, July 14 : South Korea’s ruling party is seeking to make it easier for chipmaker SK Hynix to set up ventures to build factories with outside investors — a move that follows a government push to position the country as an AI powerhouse.Members of President Lee Jae Myung’s Democratic Party of Korea have
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South Korea’s SK Hynix to launch $28 billion US listing to ride global AI wave
July 6 : South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world’s largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt listing on the
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Samsung Group details plans to invest $90 billion in South Korea’s central region
SEOUL, July 2 : Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong.• Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 5
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