Tag: south korea’s
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South Korea’s Aug exports up 68.7% y/y, expand for 15th straight month
SEOUL, Sept 1 : South Korea’s exports surged 68.7 per cent in August from a year earlier, extending their winning streak to a 15th consecutive month and outpacing analysts’ forecasts as the economy continued to ride a wave of global technology demand.Exports from Asia’s fourth-largest economy came in at $98.2
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South Korea’s SK On signs energy storage battery deal with US firm NeoVolta Power
SEOUL, Aug 31 : South Korean battery maker SK On said on Monday it has signed a deal to supply U.S. firm NeoVolta Power with 9 gigawatt-hours (GWh) of lithium iron phosphate (LFP) battery cells for energy storage system use over five years from 2027.The pouch-type cells will be produced at SK On’s factory in
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South Korea’s export boom seen sustained in August on strong chip demand: Reutser Poll
SEOUL, Aug 28 : South Korean exports likely extended their robust growth in August to mark a 15th consecutive month of gains, driven by surging global demand for AI chips, a Reuters poll showed on Thursday. A median forecast of 10 economists projected that exports from Asia’s fourth-largest economy – a bellwe
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US TerraPower, South Korea’s SK Innovation sign preliminary deal on global SMR projects
SEOUL, Aug 14 : TerraPower and South Korea’s SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul’s Industry Ministry said, opening a path for the SK Group affiliate to participate in the U.S. company’s projects at home and abroad. The agreement was signed at a
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South Korea’s Incheon airport beats Heathrow to become world’s busiest
The airport said diversions caused by the Middle East conflict helped boost its traffic, while Heathrow was ranked second.
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South Korea’s SK Shipping to become Asia’s largest LNG carrier operator in H-Line asset swap
SEOUL, Aug 13 : South Korean shipping companies SK Shipping and H-Line Shipping will swap vessels and long-term contracts in a deal that will make SK Shipping Asia’s largest liquefied natural gas (LNG) carrier operator, their owner Hahn & Co. said on Thursday.• SK Shipping will receive 16 LNG vessels and re
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South Korea’s Lotte Group sells car rental unit to private equity TPG for $925 million
SEOUL, Aug 11 : Two affiliates of South Korean conglomerate Lotte Group signed a deal to sell Lotte Rental, South Korea’s largest car-rental firm, to U.S. private equity firm TPG, Lotte said on Tuesday. The deal to sell a 61 per cent stake in Lotte Rental is worth 1.31 trillion won ($924.88 million), Lotte G
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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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