In-Soo Nam

1 week ago | kedglobal.com | In-Soo Nam

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to expand its production footprint in one of the world’s fastest-growing consumer markets. The new plant, to be located in Sri City, an industrial hub in the eastern state of Andhra Pradesh, follows the company’s existing facilities in Noida and Pune, and underscores LG’s ambition to solidify its standing as the leading appliance brand in India.

1 week ago | kedglobal.com | In-Soo Nam

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest income, as the digital lender saw a surge in non-interest revenue and platform usage. The online banking unit of the country’s tech giant Kakao Corp. said in a regulatory filing on Wednesday that its net income in January-March stood at 137.4 billion won ($98.5 million), up 23.6% from 111.2 billion won a year earlier.

3 weeks ago | kedglobal.com | In-Soo Nam

South Korea’s top automaker Hyundai Motor Co. defied mounting global trade headwinds and a fresh round of US import tariffs to deliver record first-quarter revenue and stronger-than-expected earnings, boosted by resilient demand for hybrid vehicles, favorable exchange rates and solid US sales.

3 weeks ago | kedglobal.com | In-Soo Nam

SK Hynix Inc., the world’s second-largest memory chipmaker, reported a dramatic surge in first-quarter profits on Thursday, delivering the second-highest quarterly earnings in its history, driven by soaring demand for high-bandwidth memory (HBM) used in artificial intelligence applications. The South Korean chipmaker's performance exceeded market forecasts and that of its domestic rival Samsung Electronics Co., underscoring its growing dominance in the premium memory sector.

4 weeks ago | kedglobal.com | In-Soo Nam

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday. Governor Rhee Chang-yong warned that a surge in global uncertainty – exacerbated by abrupt shifts in US trade policy – had thrown the domestic economy into “a dark tunnel.”Speaking at a post-decision press conference, Rhee likened the current economic environment to entering “a tunnel suddenly gone dark,” saying that the central bank would “wait until the light turns on again” before adjusting policy speed.