Shin Hak-cheol, vice chairman of LG CHEM, said on the 24th, "We have set our business plan for capital expenditure (CAPEX) at around 2.5 trillion to 2.7 trillion won, but we are considering several priorities and try to reduce it by more than 1 trillion won." Vice Chairman Shin noted after attending...
Hanwha Aerospace (Hanwha Aero) is pushing for a capital increase of 3.6 trillion won, amid analyses that the background is a strategy for management succession. Before announcing the capital increase, Hanwha Aero nearly exhausted its cash reserves and acquired a 7.3% equity stake in Hanwha Ocean fro...
Amid the prolonged downturn in the petrochemical industry due to increased production from China and the global economic recession, the synthetic rubber business operated by some domestic corporations is consistently reporting profits, providing a strong support for overall performance. The technolo...
Hanwha System announced on the 21st that it has signed a memorandum of understanding (MOU) for '6G low Earth orbit satellite communication system technology development' with the Korea Electronics and Telecommunications Research Institute (ETRI), a national research institute under the Ministry of S...
Minister Ahn Duck-geun requested the United States on the 20th (local time) to remove South Korea from the 'sensitive country' list, stating that if this is not possible, constructive alternatives will be created. Minister Ahn met with Korean reporters on his way to Washington Dulles International A...
On the 20th (local time), U.S. President Donald Trump said that the cryptocurrency industry will "drive explosive economic growth and help expand the dominance of the U.S. dollar." During a virtual speech at a cryptocurrency conference held in New York on the same day, President Trump note...
Ukrainian President Volodymyr Zelensky dismissed Russia's demand to maintain 'neutral status for Ukraine' on the 20th (local time), saying, 'That is not a proposal for peace but an ultimatum.' During a joint press conference with Norwegian Prime Minister Jonas Gahr Støre in Oslo, Norway, Zelensky wa...
The New York stock market started off higher, buoyed by remarks from Federal Reserve Chair Jerome Powell that dismissed inflation concerns. As of 10:30 a.m. local time on the 20th at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose by 206.38 points (0.49%) to reach 42,171.07...
The European Union (EU) announced on the 20th (local time) that it would postpone the first stage of retaliatory tariffs against the United States, which were set to take effect on the 1st of next month. Maros Sefcovic, the EU Commissioner for Trade and Economic Security, attended a trade committee ...
SK Group has restructured the equity structure of its SK Telecom Japanese subsidiary and has begun to support local operations. According to the 2024 business reports of SK Corporation and SK Innovation released on the 20th, both companies acquired 700,000 shares (24.9%) of SK Telecom's Japanese sub...
