Tag: won
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Liberals sweep three seats in boost for Carney after trade tensions with US
One seat was taken from the Conservatives, indicating public support for the PM after a confrontation with Donald Trump.
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment
SEOUL, Sept 1 : South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry sai
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Lionel Messi announces international retirement
The Argentine legend announced that he will not play for the national team again, ending an illustrious international career.
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Samsung Electronics shares skid as record shareholder returns disappoint
SEOUL, Aug 24 : Shares of Samsung Electronics fell 8 per cent in early trade on Monday after the company’s record $79 billion shareholder-return plan disappointed investors who had expected a larger share of Samsung’s AI-fueled cash windfalls and greater clarity on share buybacks.The South Korean chipmake
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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SK Hynix board approves $38 billion investments for South Korea’s Yongin, Cheongju chip plants
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.
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Analysis:Korean ‘ants’ swarm back to Wall Street as KOSPI rout dents homecoming drive
SEOUL, Aug 7 : South Korea’s stock market rout is unravelling a government-backed effort to lure retail ‘ant’ investors home, driving the biggest rush into the U.S. market in six months and reviving a long-standing risk to the won.In July, as the benchmark KOSPI sagged to its largest monthly loss since the de
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South Korea vows to soothe stock market volatility as ETF boom slows
SEOUL, Aug 4 : South Korea will take steps to curb stockmarket volatility, the finance minister said on Tuesday, amid signs of a slowdown in retail investment in single-stock leveraged exchange-traded funds (ETFs).A cap that could limit such ETFs to 20 per cent of an individual’s total investment assets was a
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SK Innovation swings to Q2 profit, tops estimates as refining rebounds
SEOUL, July 30 : SK Innovation, the owner of South Korea’s top refiner SK Energy, posted an operating profit of 3.5 trillion won ($2.44 billion) for the April-June period, swinging to profit from a 402 billion won loss a year earlier. The result compared with an LSEG SmartEstimate forecast of 1.3 trillion won
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Hyundai Motor reports 21% drop in Q2 operating profit, misses forecasts
SEOUL, July 23 : Hyundai Motor reported a 21 per cent fall in second-quarter operating profit on Thursday, missing analysts’ estimates, as weaker vehicle sales, production disruptions and higher costs outweighed support from a weaker won.Hyundai, which together with affiliate Kia Corp is the world’s third-big
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