The Korea Economic Daily

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Commerzbank, Toronto-Dominion Bank, Natixis and Northern Trust are awaiting South Korea’s approval for participating in Korean interbank FX market Commerzbank AG THE TORONTO-DOMINION BANK Natixis Corporate & Investment Banking Northern Trust #registeredfinancialinstitutions https://lnkd.in/gBTJG4UG

#Hyundai_Motor and #Kia will target to sell 7.39 million units together worldwide in 2025 after selling the world’s third-largest 7.23 million units in 2024. Hyundai Motor Group #car_sales #2025_target #EVs #hybrid #Genesis #SUVs #strong_dollar https://lnkd.in/gE4U6J6Z

South Korea's Hanwha Group will exit from the polysilicon business in the US. #renewable_energy #solar #photovoltaic #PV #polysilicon #Hanwha_Solutions #Hanwha_Q_Cells #Qcells #REC_Silicon #factory_closure #OCI #OCIM https://lnkd.in/gMA-frzd

South Korea’s activist investors are set to routinize campaigns throughout the year rather than launching fresh moves around annual general meetings, investment banking industry sources said. #Korea #USA #UK #shareholder #activism #activist #investors #funds #privateequity #value #corporate #governance #Samsung #Kumho #JB #Anda #London #Whitebox #Tcha #Align #Doosan #Bobcat #stocks https://lnkd.in/gciNg4-2

The Seoul office market bounced back for the first time in four years in 2024, with the transaction volume soaring 78.7% to $9.1 billion from 2023. #Realestate #Seoulofficemarket Blackstone GenstarMate https://lnkd.in/gQUm-sVe

Korea’s state-run pension fund NPS is set to begin strategic currency hedging to unload dollars as much as $48.2 billion through the end of this year to help stabilize the local FX market.   #NPS KOREA NATIONAL PENSION SERVICE Bank of Korea #BOK #Koreaneconomy #dollarwonexchangerate #MOEF #MinistryofEconomyandFinance #strategiccurrencyhedging #tacticalcurrencyhedging #swapline #marketaveragerate #MAR   https://lnkd.in/guz9UkFb

Five electric vehicle models of Hyundai Motor and Kia were included in the 25 models qualifying for the US tax credits in 2025 under the US Inflation Reduction Act. Hyundai Motor Group #Kia #IONIQ5 #IONIQ9 #EV6 #EV9 #GV70 #IRA https://lnkd.in/gzaqriMe

South Korea sharply lowered its economic growth forecast for this year amid the prolonged political turmoil following President Yoon Suk Yeol’s martial law decree, opening the door for extra spending to revive Asia’s fourth-largest economy. #Korea #USA #growth #extra #budget #trade #protectioism #Trump #Yoon #President #impeachment #crisis #politics #intrestrates #bond #yield #foreigners #investments #tax #incentives #benefits #subsidies https://lnkd.in/gcKvPtSn

South Korea’s two leading drugmakers, Celltrion and Samsung Bioepis, have achieved a significant milestone in the European biosimilar market, capturing over 50% market share in the six best-selling blockbuster categories.   삼성바이오에피스 #biosimilars AbbVie #Humira Celltrion Inc Celltrion USA Celltrion Pharm Inc. Celltrion Healthcare Italia Celltrion Healthcare France Celltrion Healthcare UK Ltd #Remsima #RemsimaSC #RemsimaIV #autoimmunedisease #infliximab FDA #Remicade #Truxima #Herzuma IQVIA #rituximab #adalimumab #trastuzumab #bevacizumab #etanercept #Remicade 화이자 Sandoz #Hadlima #ustekinumab #Stelara Alvotech #eculizumab   https://lnkd.in/g84f7hnu