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Reporter : Kim Yoo-chul
Sun, May 29, 2022 | 15:12
SK appoints 'core insider' to head battery business
SK reinstated a member of the owner family to manage its battery business, mimicking its chief cross-town rivals' decisions to appoint trusted executives to manage the burgeoning battery business amid a strengthened focus on strategic alliances and joint ventures between battery suppliers and vehicle manufacturers.
COVID-19 pill stocks expected to rise as new quarantine measures loom
The focus of the stock market is currently on which sectors and shares will become beneficiaries of toughened social-distancing measures expected to be announced by Prime Minister Kim Boo-kyum following the rapid spread of the Omicron variant of COVID-19 in addition to the resurgent Delta variant.
Booming semiconductors to lift KOSPI: BNP Paribas
While the Korean stock market is reacting quite emotionally to the spread of the Omicron variant of SARS-CoV-2 and continued pace of the Delta variant, a top-tier Europe-based investment bank said Tuesday the country's benchmark KOSPI index will rise further next year.
GM in final stage of 3rd US battery plant agreement with LGES
General Motors (GM) is in the last stage of finalizing key outstanding issues regarding its planned and scheduled investments in two electric vehicle(EV)-related manufacturing facilities in the U.S. state of Michigan - one with its Korean partner LG Energy Solution (LGES), two local investment banking sources told The Korea Times, Sunday.
[ANALYSIS] Omicron fears spell early end to doldrums in chip industry
A top-tier investment bank released a report in August, intriguingly titled “Winter Is Coming,” warning of challenging pricing conditions through next year.
Qualcomm ditches TSMC, lets Samsung produce new chips
Qualcomm CEO Cristiano Amon said it has chosen Samsung as the sole manufacturer of its latest Snapdragon Gen 1 mobile application processor (AP) chipsets.
KDB chief thanks FTC head for speeding up reviews of mega mergers
Korea Development Bank (KDB) Chairman Lee Dong-gull thanked Korea Fair Trade Commission (KFTC) chief Joh Sung-wook for the regulator's support to accelerate its review of two mega acquisition deals.
SK Telecom shares rise on hopes for higher dividend
Shares of SK Telecom, the country's top mobile telecom carrier, rose more than 8 percent, Monday, on growing hopes for higher dividends, stock market analysts said.
Investors to flock to makers of test kits, vaccines
The Korean stock market is awaiting updates over the Omicron variant of the coronavirus. As the local stock market correlates very closely with moves in major indexes, investors are highly likely to react negatively following U.S. and European stock markets' falls last week.
Seasoned strategist named as LG COO
A seasoned strategist was appointed as the chief operating officer of the country's fourth-largest conglomerate.
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