Tag: south korea’s
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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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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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