Tag: South Korea
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Top South Korea court to decide ex-president’s martial law case
Yoon, who is already in detention, is also appealing a separate life sentence for leading an insurrection with his martial law declaration.
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Samsung-backed AI chip firm Rebellions targets IPO in South Korea next year, CEO tells CNBC
Sunghyun Park, CEO of Rebellions, told CNBC that the company is leaning toward a listing on the KOSPI over the KOSDAQ.
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South Korea to closely watch risks around stock market volatility
SEOUL, July 8 : South Korea’s finance minister agreed on Wednesday with other economic policymakers to closely monitor risk factors that could heighten stock market volatility, the ministry said.Stock market volatility has increased recently on foreign and institutional selling for profit-taking and rebalanci
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South Korean law targeting ‘fake news’ takes effect as journalists’ groups raise concerns
SEOUL: South Korea began enforcing a law Tuesday (Jul 7) that allows steep punitive damages against news outlets and social media influencers for spreading false information as journalist groups warned it could chill public discourse and invite censorship.Journalists and civil liberties groups say the vaguely
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South Korea’s KOSPI tumbles 8%, triggering circuit breakers for sixth time this year
SEOUL: South Korean shares fell 8 per cent on Tuesday, led by chipmakers, as investors questioned whether record earnings tied to AI could hold up.The benchmark KOSPI was down 646.85 points, or 8.03 per cent, at 7,404.48, as of 4.53am GMT (12.53pm, Singapore time). It triggered circuit breakers at 4.51am GMT,
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SK Hynix to bring ADR funds to South Korea by around July 15, source says
SEOUL, July 7 : SK Hynix is expected to bring U.S. dollars into the country by around July 15, converting a part of the funds it raises in its offering of American depositary receipts (ADRs) into the won, a source familiar with the matter said on Tuesday.The South Korean chipmaker launched a U.S. share sale…
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Hanwha Ocean shares sink 23% as it loses bid to build Canada’s next fleet of submarines
Canadian Prime Minister Mark Carney announced Monday that Germany’s Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines.
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Prosecutor charges South Korea’s four oil refiners with collusion: Report
SEOUL: South Korean prosecutors said they indicted the country’s four oil refiners on charges of fuel price collusion, estimated to have caused anti-competitive harm worth US$17 billion, Yonhap News Agency reported on Monday (Jul 6), citing the prosecution.The companies are HD Hyundai Oilba
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South Korea starts 24-hour trading of dollar-won
SEOUL, July 6 : South Korea launched its historic 24-hour onshore spot dollar-won trading system on Monday as part of efforts to broaden currency convertibility as it aims to win an upgrade to developed market status on the MSCI global index. The onshore market opened at 6 a.m. on Monday (21:00 GMT Sunday) an
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South Korea plans future fund fueled by chip boom
South Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.
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