Tag: korea says
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South Korea says Solidigm’s potential listing could violate dual-listing rules
SEOUL, Oct 19 : South Korea’s financial regulator said on Monday that SK Hynix’s potential listing of US unit Solidigm could violate restrictions on dual listing. Financial Supervisory Service Governor Lee Chan-jin said at a parliamentary hearing that South Korean regulators were looking into whether Soli
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South Korea says ordered to pay Elliott $48.49 million over Samsung merger case
SEOUL, Oct 1 : South Korea has been ordered to pay Elliott Investment Management about $48.49 million plus interest after an arbitration tribunal ruled the government’s involvement in the 2015 merger of Samsung C&T and Cheil Industries was causally linked to the US fund’s losses, Seoul’s Justice Ministry said on Thu
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North Korea says recent drill shows ‘huge destructive power’
North Korea carried out a coordinated live-fire exercise involving multiple weapons systems over the weekend. The drill came after the US, South Korea and Japan wrapped up five days of joint maritime exercises.
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North Korea says it conducted ‘firepower attack drill’
SEOUL: North Korea has conducted a “firepower attack drill” with long-range artillery and missiles, state media reported on Monday (Sep 14).The Korean Central News Agency (KCNA) said the drill took pla
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South Korea says US companies to invest $2 billion in chip, energy sectors
SEOUL, Sept 4 : Four U.S. companies have committed a combined $2 billion of investment in South Korea across semiconductors, advanced materials and energy, Seoul’s Industry Ministry said on Friday. The investments were announced during a ceremony attended by Industry Minister Kim Jung-kwan in Washington on T
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Bank of Korea says Kwon Min-soo named senior deputy governor
SEOUL, Aug 20 : The Bank of Korea said on Thursday that Deputy Governor Kwon Min-soo had been named as the central bank’s new senior deputy governor. Kwon will begin his three-year term as a member of the central bank’s seven-seat monetary policy board on Friday, according to the BOK.
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South Korea says the chance of 3% economic growth has risen sharply
SEOUL, Aug 6 : South Korea’s Finance Ministry said on Thursday that the possibility has increased greatly of economic growth rising to the 3 per cent level for the first time in five years.Last month, the finance ministry raised this year’s economic growth forecast to 3.0 per cent from 2.0 per cent. The econo
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North Korea says nuclear program ‘absolutely non-negotiable’
The sister of North Korean leader Kim Jong Un has reaffirmed the country’s nuclear ambitions ahead of a visit by Chinese President Xi Jinping.
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