Tag: won
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Hamilton can head into F1’s August break on a Hungary high
BUDAPEST, July 22 : Ferrari’s Lewis Hamilton could go into Formula One’s August break on a Hungarian high this weekend while championship leaders Mercedes seek urgent answers to George Russell’s car woes.Russell’s plight, with his car losing chunks of time on the straights, has dominated paddock chatter as hi
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Korean Air Q2 profit falls 34% on higher fuel costs, revenue hits record high
HONG KONG, July 13 : Korean Air Lines reported a 34 per cent drop in second-quarter operating profit on Monday, as surging fuel costs weighed on earnings despite the carrier posting record revenue for the quarter.• The South Korean flag carrier said operating profit for the April-June period fell to 261.8 b
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Dollar-selling linked to SK Hynix share offer sends won to over 1-month high, source says
SEOUL, July 8 : Dollar-selling related to a U.S. share sale by South Korean chipmaker SK Hynix emerged in the country’s dollar-won forwards market on Wednesday, sending the won to a more than one-month high, a source familiar with the matter told Reuters. “There is forward selling related to SK Hynix American
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LG Energy Solution forecasts 77% operating profit fall in Q2 on weak EV demand
SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales. That compared with an LSEG SmartEstimate forecast of a 249
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Samsung Electronics sees record preliminary 2Q profit but shares fall
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuThe Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics.Joan Cros
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South Korean conglomerates unveil $195 billion of investment in industrial projects
SEOUL, July 3 : South Korean conglomerates SK Group, Hyundai Motor Group and Hanwha on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country’s southeast. The business groups announced the decisions at an event announcing advanced
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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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Canada eligible to join Eurovision competition
Prime Minister Mark Carney raised the idea of Canada joining the song contest in his 2025 budget.
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Always-on won: Korean dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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Always-on won: dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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