SK Telecom has revised its 2024 revenue forecast down to 17 trillion won, citing costs related to a cyber breach and shifting market conditions.
#YonhapInfomax #SKTelecom #RevenueForecast #OperatingProfit #CyberBreach #2024Guidance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70829

US mortgage rates dropped for the fifth straight week, with the 30-year fixed rate hitting 6.67%—the lowest since mid-April—according to Freddie Mac, as increased property listings offer buyers improved conditions despite ongoing market challenges.
#YonhapInfomax #MortgageRates #FreddieMac #USHousingMarket #30YearFixed #InterestRateDrop #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70828

The dollar-won exchange rate held steady in the mid-1,360 won range, rising 5.40 won, as markets digested U.S.-China trade developments and awaited further direction amid muted exporter activity and a weaker KOSPI.
#YonhapInfomax #DollarWon #ExchangeRate #KOSPI #USChinaTrade #ForeignInvestors #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70825

South Korea faces mounting pressure amid the intensifying US-China power struggle, prompting a search for survival strategies that balance economic and geopolitical interests, as highlighted in Jeon Byung-seo’s ‘China Puzzle’.
#YonhapInfomax #USChinaConflict #SouthKorea #ChinaPuzzle #GeopoliticalStrategy #JeonByungSeo #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70824

South Korea's KOSPI index fell nearly 2% to close below 3,100 as shipbuilding and defense stocks led a broad sell-off, with investors eyeing upcoming tariff talks and Samsung Electronics' earnings for market direction.
#YonhapInfomax #KOSPI #Shipbuilding #DefenseStocks #SamsungElectronics #ProfitTaking #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70822

UK gilt yields retreated after Prime Minister Starmer reaffirmed Chancellor Reeves’ position, but economists warn that without fiscal reforms in the autumn budget, market volatility could return amid weak growth forecasts and persistent deficit concerns.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70821

Silicon Valley tech giants are escalating a fierce war for AI talent, driving up compensation and fueling FOMO, while US tariffs push up retail prices and reshape consumer behavior.
#YonhapInfomax #SiliconValley #MetaPlatforms #OpenAI #Tariffs #AITalentWar #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70819

Hyundai Motor Group leads global auto sales growth, driven by industry-leading safety ratings from IIHS and Euro NCAP, outpacing Japanese rivals amid tariff challenges.
#YonhapInfomax #HyundaiMotorGroup #IHS #EuroNCAP #GlobalSales #SafetyRatings #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70814

The Presidential Office has disciplined a dispatched official for abusing their authority through external contacts, ordering their return to the original ministry and vowing stricter internal discipline to prevent future misconduct.
#YonhapInfomax #PresidentialOffice #DisciplinaryAction #AbuseOfAuthority #GovernmentMinistry #InternalDiscipline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70815

Gu Yoon-chul, nominee for South Korea’s finance minister, declared family assets totaling 5.07 billion won ($3.67 million), including a Gangnam apartment and substantial deposits, as disclosed in documents submitted to the National Assembly.
#YonhapInfomax #GuYoonChul #FinanceMinister #AssetDeclaration #GangnamApartment #5070210000Won #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70810

Korea Investment Corporation (KIC) joins a government-led campaign to address South Korea's demographic challenges, pledging active support for low birthrate policies and family-friendly workplace initiatives.
#YonhapInfomax #KoreaInvestmentCorporation #LowBirthrate #DemographicChange #FamilyFriendly #GovernmentPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70813

South Korea’s Financial Supervisory Service has urged banks to bolster internal controls as AI adoption rises, highlighting new risks and unveiling its own AI-powered inspection tools at a sector workshop.
#YonhapInfomax #FinancialSupervisoryService #ArtificialIntelligence #InternalControls #BankingSector #RiskManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70812

Calls are growing for a legislated fund to resolve Korea Coal Corporation’s 2.5 trillion won debt, with experts urging the use of Kangwon Land and duty-free shop profits for long-term repayment.
#YonhapInfomax #KoreaCoalCorporation #DebtRepayment #KangwonLand #DutyFreeShop #GovernmentContribution #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70811

South Korea's KOSPI index fell sharply to 3,065.76 as foreign and institutional investors sold off shares, with the fading impact of the Commercial Act amendment and earnings uncertainty weighing on sentiment.
#YonhapInfomax #KOSPI #SamsungElectronics #CommercialAct #InstitutionalSelling #EarningsUncertainty #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70809

Allegations of tunneling between PharmaResearch and Pixelity intensify as the chairman’s son’s company makes its corporate data private, with 85.7% of Pixelity’s revenue dependent on PharmaResearch and concerns over below-market rent and future acquisition scenarios raising minority shareholder risks.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70807

AIA Life Insurance reappoints Nathan Chuang as CEO for a new three-year term and names Fisher Zhang as Board Chairman, highlighting AIA Group’s strategic focus on the South Korean market and ongoing digital and multi-channel expansion.
#YonhapInfomax #AIALifeInsurance #NathanChuang #FisherZhang #BoardChairman #SouthKoreanMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70806

South Korea’s new Prime Minister Kim Min-seok met with National Assembly Speaker Woo Won-shik, who urged Kim to provide strong leadership amid economic and political challenges, as the government forms a new cabinet and faces heightened public expectations.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70808

President Lee Jae-myung urges newly appointed Prime Minister Kim Min-seok and senior aides to accelerate government operations, emphasizing transparency and accountability in public service.
#YonhapInfomax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70805

The Korea Fair Trade Commission has cleared Kakao Entertainment of allegations of discriminatory music distribution fees, closing an investigation prompted by a complaint from Big Planet Made and finding no evidence of unfair practices.
#YonhapInfomax #KoreaFairTradeCommission #KakaoEntertainment #MusicDistributionFees #BigPlanetMade #AntitrustInvestigation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70804

The National Pension Service Fund Management Division’s 2024 performance bonus rate was set at 36.5% of base salary, marking a fifth consecutive annual decline as returns lagged benchmarks and global peers.
#YonhapInfomax #NationalPensionService #PerformanceBonus #FundManagement #BenchmarkReturn #OverseasPensionFunds #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70799