Tag: south korea’s
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South Korea’s currency chief says in talks with Japan, allies
SEOUL, July 2 : South Korea’s vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and warned that the won has become significantly misaligned relative to economic fundamentals.”We are always working closely with Japan and other relevan
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South Korea’s inflation rate quickens to 2-1/2-year high
SEOUL, July 2 : South Korea’s consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its upcoming policy meeting on July 16.The consumer price index (CPI) rose 3.2 per cent from a year earlier, marking the biggest
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South Korea’s SK Hynix says to raise $29 billion in US ADR listing
SEOUL, June 24 : South Korea’s SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S., as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.($1 = 1,544.1400 won)
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South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 : 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 “excessive” compared to the country’s fundamentals. Asked by South Korean President Lee Jae Myung about why the won is so weak d
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SK Hynix surpasses Samsung Electronics to become South Korea’s most valuable firm
SEOUL, June 22 : The market value of South Korean chipmaker SK Hynix briefly topped that of peer Samsung Electronics on Monday to make the company the country’s most valuable firm. Shares of SK Hynix traded up 5.7 per cent to bring the company’s market capitalisation to 2,082.5 trillion won ($1.35 trillion) a
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South Korea’s Starbucks to close for staff history lesson after promotion backlash
The chain was criticised for a “Tank Day” marketing ploy on the anniversary of a military massacre.
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Italy’s Meloni and South Korea’s Lee agree to deepen ties in Rome talks
ROME, June 12 : Italy’s Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation.• The leaders discussed closer cooperation in semiconductors and high-tech sectors including artifici
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With fighting spirit, South Korea’s beauty triumphs over Czech set-piece beasts
(corrects name of keeper in paragraph nine)GUADALAJARA, Mexico, June 11 : It was the tale of “Beauty and the Beast” that lit up the Estadio Guadalajara on Thursday, with South Korea’s prettier, stylish football triumphing over the Czech Republic’s rugged, route-one tactics in an adrenaline-fuelled World Cup
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South Korea’s Yoon gets 30 years for sending drones north
The verdict marks the latest legal blow for South Korea’s impeached former leader Yoon Suk Yeol, who has already been sentenced to life in prison earlier this year.
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South Korea’s Son chases history, Sojka starts for Czechs
June 12 : South Korea coach Hong Myung-bo named Son Heung-min to lead the attack against the Czech Republic in Thursday’s World Cup Group A clash, while their opponents have selected the inexperienced Alexandr Sojka in midfield. • Son starts up front for South Korea and is two shy of his country’s all-tim
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