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korea economy news

HD Korea Shipbuilding & Offshore Engineering Surpasses ₩1 Trillion in Quarterly Profit as Shipbuilding Boom Continues

HD Korea Shipbuilding & Offshore Engineering Surpasses ₩1 Trillion in Quarterly Profit as Shipbuilding Boom Continues

HD Korea Shipbuilding & Offshore Engineering posted its highest-ever quarterly operating profit in the third quarter, driven by surging shipbuilding productivity and higher vessel prices.

Korea’s Auto Sector Rises on U.S. Tariff Cut to 15%; Hyundai, Kia to Gain Billions

Korea’s Auto Sector Rises on U.S. Tariff Cut to 15%; Hyundai, Kia to Gain Billions

SK Securities projects a sharp earnings upside for Hyundai Motor and Kia as the U.S. slashes import tariffs on Korean vehicles to 15%, cutting costs and widening room for shareholder returns.

Samsung Electronics Q3 Earnings Fueled by Memory Recovery; BNK Lifts Target to ₩130,000

Samsung Electronics Q3 Earnings Fueled by Memory Recovery; BNK Lifts Target to ₩130,000

BNK Investment & Securities raised its target price for Samsung Electronics to ₩130,000, citing strong semiconductor recovery despite weakness in the VD division.

As U.S. Opens Door to Clean Energy Shift,
Hanwha Steps Through

As U.S. Opens Door to Clean Energy Shift, Hanwha Steps Through

On August 16, 2022 the U.S. signed into law the Inflation Reduction Act (IRA), a sprawling piece of legislation packed with incentives meant to cut carbon emissions and jumpstart America’s transition to clean energy. The Act is being called the most meaningful climate bill ever passed in the