KB News DeskMom’s Touch picks Singapore as gateway to halal market
Korean burger chain Mom’s Touch said Wednesday it is entering Singapore through a master franchise agreement with FairPrice Group, the country’s largest retailer, as it seeks a springboard into Southeast…
Posco advances rare earth supply deal in Brazil
Posco International is expanding into Brazil’s rare earth market, partnering with a mineral exploration company to secure and diversify its critical minerals supply chain, the company said Wednesday. The trading…
Hyosung lands Brazil transformer deal, grid-tech partnership
Hyosung Heavy Industries said Wednesday it won an order to supply ultra-high-voltage transformers for a Brazilian hydropower plant and agreed to jointly develop grid-stabilization technology with a global hydropower plant…
Chung says Hyundai has ‘long way to go’ in Brazil push
Automaker eyes hydrogen expansion as BYD overtakes it in first-half vehicle sales Hyundai Motor Group Executive Chair Chung Euisun said the automaker still has significant progress to make in Brazil…
Korea eyes $19.8b Texas gas power project as 1st US investment deal
South Korea is nearing a decision to back a $19.8 billion gas-fired power project in Texas as the first investment under its strategic US investment commitment, according to government and…
Gold declines as traders weigh prospects for interest-rate hike
Gold declined ahead of a potentially divisive decision on US interest rates later this week, while a fragile pause in Middle East hostilities soothed inflation fears. Bullion fell as much…
S. Korea's 1st investment project in U.S. said to be power plant
South Korea’s first project for investment in the United States under a bilateral trade deal is likely to be a power plant, government sources said Tuesday. Earlier, Industry Minister Kim…
Kospi plunges 11%, hits a 3-month low
Korean benchmark briefly falls below 6,000 as chip giants tumble Seoul stocks crashed Tuesday, with the benchmark Kospi tumbling nearly 11 percent as a selloff in chip heavyweights intensified. The…
Lawmakers move for partial tax exemption on stock trades with no gains
People Power Party Rep. Ahn Cheol-soo proposed a bill revision Tuesday that would exempt investors from certain taxes if they sell shares without making a profit. Ahn, a four-term lawmaker…
Banks' household mortgage lending rates rise to 2 yrs 7 months high in June
Banks’ household mortgage loan rates rose for the second consecutive month to the highest point in two years and seven months in June on rising market interest, central bank data…
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