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[2024-07-30 Korea Economic News] StormTech Shares Surge 7.43% on Interim Dividend Announcement!
StormTech’s Mid-Year Dividend Sparks Buying Surge StormTech’s Mid-Year Dividend Sparks Buying Surge Recently, StormTech has gained significant attention in the stock market with an impressive increase of 7.43% in its share price. The driving force behind this surge can be attributed to the announcement of a mid-year dividend, which caught the eye of investors and…
[2024-07-30 Korea Economic News] SK Telecom Expands AI Diagnostic Solutions in Southeast Asias Pet Market
SK Telecom Partners with Southeast Asia for AI Pet Diagnosis SK Telecom Partners with Southeast Asia for AI Pet Diagnosis In an exciting move that combines technology and animal health, SK Telecom has announced that it will be supplying its AI-based pet diagnosis assistant solution, X Caliber, to three Southeast Asian nations—Malaysia, Thailand, and Vietnam.…
[2024-07-30 Korea Economic News] Daewoo Engineering & Construction Reports 51.9% Drop in Q2 Operating Profit, Significant Decreases in Revenue and Net Income
Daewoo E&C Reports Significant Drop in Operating Profit for Q2 In recent news, Daewoo Engineering & Construction (Daewoo E&C) reported a drastic decline in its operating profit for the second quarter of the fiscal year. This revelation has made waves in the construction industry, shedding light on the company’s financial health amidst challenging market conditions.…
[2024-07-30 Korea Economic News] DL E&C Launches Safety and Health Advisory Committee to Prevent Major Accidents
DL E&C Launches Safety and Health Advisory Committee DL E&C Launches Safety and Health Advisory Committee In an effort to bolster their safety and health system and prevent serious accidents, DL E&C has announced the establishment of a new advisory body: the ‘Safety and Health Advisory Committee’. This initiative demonstrates DL E&C’s commitment to enhancing…
[2024-07-30 Korea Economic News] Korean Aerospace Industries Set for Stock Price Surge Amid Improving Performance and Undervalued Shares
Korea Aerospace Industries on the Rise Korea Aerospace Industries on the Rise: A Promising Future Ahead The financial analysts in the South Korean market are buzzing with optimism regarding the performance of Korea Aerospace Industries (KAI). In a recent analysis, multiple brokerage firms have forecasted a strong improvement in the company’s financial results. After posting…
[2024-07-30 Korea Economic News] Aftermath of Timon and Wimpeo Incident Amplifies Accountability Demands on PG Firms; Mandatory Implementation of Escrow System Expected
Impact of Regulatory Changes on PG Companies in Electronic Payment Systems Impact of Regulatory Changes on PG Companies in Electronic Payment Systems The recent large-scale controversy concerning unprocessed transactions has led to significant discussions about the responsibilities of electronic payment gateway (PG) companies. The authorities have heightened scrutiny over these PG companies, which has resulted…
[2024-07-30 Korea Economic News] Pharma and Biotech Sector: Large Caps Stirring While Small Caps Seek Opportunities
Reevaluation of the Pharmaceutical and Biotech Sector Reevaluation of the Pharmaceutical and Biotech Sector: A New Dawn The pharmaceutical and biotech sector is undergoing a significant transformation as analysts suggest that now is the time to reassess the entire industry. Recent market movements indicate that large-cap stocks, known for their stability and growth potential, are…
[2024-07-30 Korea Economic News] POSCO Future Ms Target Price Adjusted from 300,000 to 270,000 Won Amidst Growth Stagnation and Weak Profitability
Meritz Securities Downgrades POSCO Future M’s Target Price Meritz Securities Downgrades POSCO Future M’s Target Price In a significant recent update, Meritz Securities has revised its target price for POSCO Future M. The firm has adjusted the target from 300,000 KRW to a lower figure of 270,000 KRW. This revision is a reflection of the…
[2024-07-30 Korea Economic News] Lottery Demand! 41,183 Applicants Compete for Special Supply of Raemian One Pentas with a 352.5 to 1 Competition Rate
High Demand for Special Supply in Seoul’s Raemian One Pentas The Raemian One Pentas in Seocho-gu, Seoul, has witnessed an overwhelming response from potential homebuyers. With a staggering 40,183 applications submitted, the average competition rate reached an impressive 352.5 to 1. Such high demand highlights the growing trend of homeownership among newlywed couples and first-time…
[2024-07-30 Korea Economic News] Mixed Signals on Wall Street Ahead of FOMC Meeting, Anticipation Grows for Earnings Super Week
Market Update: New York Stock Exchange Stays Cautious Ahead of FOMC Meeting Market Update: New York Stock Exchange Stays Cautious Ahead of FOMC Meeting The New York Stock Exchange exhibited a mixed performance as investors adopted a cautious stance ahead of the Federal Open Market Committee (FOMC) meeting scheduled for July. Amidst anticipation surrounding the…