Korean Financial Market New for?December 1, 2023


  1. Kia has decided to expand its European production base, the Slovakian factory. The amount invested in this expansion is KRW 250 billion. In particular, the Slovakian government has stepped up its support for Kia’s local factory expansion, including tax benefits. https://www.theguru.co.kr/news/article.html?no=63313
  2. Korea's exports have increased for two consecutive months. The largest export item, semiconductors, has returned to growth after 16 months. According to the Ministry of Trade, Industry and Energy, exports in November, based on customs clearance, amounted to $55.8 billion, up 7.8% from the same month last year. Imports were $52 billion, down 11.6%, and the trade surplus was $3.8 billion. https://news.einfomax.co.kr/news/articleView.html?idxno=4289846
  3. Hyundai will release a variety of electric vehicles in Japan next year. Hyundai returned to the Japanese market last year after a 13-year hiatus. On the 1st, Hyundai Motor President Jang Jae-hoon announced in an interview with Asahi Shimbun that "we will launch the midsize sports utility vehicle (SUV) electric car Ioniq 5N in the Japanese market next year"? https://biz.heraldcorp.com/view.php?ud=20231201000300
  4. Goldman Sachs expects the Bank of Korea to start cutting interest rates before the Fed. https://www.cnbc.com/video/2023/12/01/goldman-sachs-expects-the-bok-to-cut-interest-rates-before-the-fed.html
  5. According to the latest chart released by YouTube on November 30, 2023, Baby Monster’s debut song ‘BATTER UP’ has been topping the global YouTube daily popular music video chart for three consecutive days, continuing its global popularity surge. On the day of its release, the song immediately claimed the top spot in this category and has been holding it for three days now.? https://sports.donga.com/article/all/20231130/122430515/1
  6. It has been reported that General Motors (GM) has demanded that LG Energy Solution pay up to 85% of the advanced manufacturing production tax credit (AMPC) subsidy received through a local battery joint venture. This is a level that far exceeds GM’s joint venture stake of 50%. https://n.news.naver.com/article/015/0004920356?sid=101
  7. SK Square decided to abandon the call option exercise of 11th Street at a board meeting held on the same day. As a result, financial investors (FIs) consisting of the National Pension Service and H&Q Korea, a private equity fund management company, will use drag-along rights. As a result,, the FIs holding about 18% of the shares will sell the shares together with SK Square’s shares (over 80%) in the market. https://www.mk.co.kr/news/stock/10886507
  8. Consortium, consisting of Hyundai E&C, Doosan E&B, and POSCO E&C, has won the bid for the construction of the main structures of Shin Hanul Units 3 and 4 nuclear power plants. The winning bid amount is approximately KRW 3.1195 trillion, including VAT. https://www.electimes.com/news/articleView.html?idxno=329620
  9. The United Auto Workers (UAW) is pushing for union formation at 13 non-unionized auto manufacturers in the United States, including Hyundai Motor, which has no local unions, and Tesla, which adheres to the principle of non-unionization.? https://www.hankyung.com/article/2023113056671
  10. It has been reported that the number of foreign visitors to Korea, which had not recovered easily even after the COVID-19 pandemic, has recently increased again. The Korea Tourism Organization’s efforts to attract foreign tourists through various methods such as ‘K-Tourism Roadshow’ and ‘Korea Vegan Festival’ have had some effect. https://www.m-i.kr/news/articleView.html?idxno=1071175


Please click the subscribe button so you don't miss an issue.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this Newsletter constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.

要查看或添加评论,请登录

Jun Park的更多文章

社区洞察

其他会员也浏览了