Economy Archives - Page 9 of 56

Stocks close nearly 1% higher on chip gains ahead of Nvidia earnings release

Seoul stocks closed nearly 1 percent higher Wednesday, boosted by stock repurchases from the country’s chip giants and easing external conditions, while investors wait for the earnings release from Nvidia.…

SK Innovation targets SKIET turnaround with merger, cost cuts

Company expects W60b in annual savings, aims to restore separator business to EBITDA profit within two years SK Innovation expects its merger with loss-making battery separator unit SK IE Technology…

Could Samsung, SK hynix payouts lift the won?

Record shareholder returns may spur dollar selling, but foreign dividend repatriation could limit currency impact The won’s recent rally could gain momentum from Samsung Electronics and SK hynix, as their…

BMW Korea expands customer benefits to defend market lead

BMW Korea is expanding financing incentives, membership benefits and after-sales services to lower the cost of purchasing and owning its vehicles. Customers purchasing a 7 Series through BMW Smart Lease…

LS Cable units hit records on AI infrastructure boom

Three major LS Cable & System subsidiaries posted record first-half earnings as investment in AI data centers and power grids drove demand for cables, bus ducts and subsea infrastructure. Gaon…

Tax agency investigates company-funded mansions for wealthy owners

South Korea’s tax authority is cracking down on companies that turn corporate-owned homes into private perks for their controlling families, including a 20 billion won ($14.4 million) mansion in Hannam-dong,…

[Key Points] Korea eyes record 800 trillion won budget to revive growth

2027 government spending expected to exceed W800tr Budget push: South Korea’s ruling bloc is pressing for a more expansionary 2027 budget, with total spending expected to exceed 800 trillion won…

SK Innovation to absorb battery separator unit SKIET

SK Innovation will absorb its battery separator subsidiary SK IE Technology, bringing the struggling business back under direct control five years after it went public. The companies said Tuesday that…

[Key Points] Seoul braces for fallout from expanded US sanctions on Iran

Iran sanctions ripple: South Korea is assessing how expanded US secondary sanctions on Iran could affect energy costs, trade and financial markets. Five sectors targeted: Washington’s “Operation Economic Outcast” broadens…

Seoul stocks end higher ahead of Nvidia earnings

Seoul shares ended higher Tuesday, recouping earlier losses, as investors awaited major corporate earnings results this week, including those from US chip giant Nvidia. The Korean won fell against the…