Youkyung Lee

Seoul

Bloomberg @business reporter covering stocks with focus on Korea and Asia. Past: @AP @YonhapNews @latimes @CFR_ORG @wesleyan_u Contact: [email protected]

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Articles

Hanwha in advanced talks over arms production for Saudi Arabia

2 weeks ago | fortune.com | Sangmi Cha |Youkyung Lee |Shery Ahn

Hanwha has been one of the biggest beneficiaries from the surge in global demand for ground weapons following the outbreak of wars in Ukraine and the Middle East. Woohae Cho—Bloomberg via Getty Images
Hanwha in Advanced Talks With Saudi Arabia on Arms Collaboration

2 weeks ago | news.bloomberglaw.com | Sangmi Cha |Youkyung Lee |Shery Ahn

Hanwha Aerospace Co. is in advanced discussions with Saudi Arabia over potential arms collaboration as the Middle East becomes the company’s main focus, according to the head of its global defense business. The burgeoning opportunities in the region are a major reason South Korea’s largest defense contractor decided to announce a share-sale plan last month to raise funds, said Michael Coulter, who was named global defense president and chief executive officer at Hanwha at the end of last year.
Hanwha in Advanced Talks Over Arms Production for Saudi Arabia

2 weeks ago | bloomberg.com | Sangmi Cha |Youkyung Lee |Shery Ahn

Workers on the assembly line of Hanhwa K9 Howitzer at Hanwha Aerospace Co.'s manufacturing facility in Changwon, South Korea. (Bloomberg) -- Hanwha Aerospace Co. is in advanced discussions with Saudi Arabia over potential arms collaboration as the Middle East becomes the company’s main focus, according to the head of its global defense business.
Short Selling of SK Hynix Surges to Record on Trade, AI Concerns

3 weeks ago | bloomberg.com | Youkyung Lee |Charlotte Yang

(Bloomberg) -- Bearish bets on shares of SK Hynix Inc. surged to an all-time high this month, as South Korea ended its ban on short-selling at perhaps the worst possible time for the memory chipmaker. The March 31 regulatory change made for a triple whammy on the stock, with investors souring on the AI theme while the US kicked off a global trade war. Even with SK Hynix expected to post strong earnings Thursday, short-sellers are betting on a bleak outlook.
Cement Maker Climbs 103% as Election Boosts Korean Meme Stocks

3 weeks ago | ca.finance.yahoo.com | Youkyung Lee

(Bloomberg) -- A South Korean cement maker’s stock has surged as retail investors pile into bets seen as tied to the nation’s upcoming presidential election and its front-runner Lee Jae-myung.
Cement Maker Climbs 103% as Election Boosts Korean Meme Stocks

3 weeks ago | bloomberg.com | Youkyung Lee

(Bloomberg) -- A South Korean cement maker’s stock has surged as retail investors pile into bets seen as tied to the nation’s upcoming presidential election and its front-runner Lee Jae-myung. Shares of Sungshin Cement Co. climbed as much as 29% Tuesday, taking its three-day gain to 103%, helped by Lee’s proposal to move more government offices to the administrative capital Sejong.
Korea's Presidential Front-Runner Vows to Boost Stock Market

3 weeks ago | financialpost.com | Youkyung Lee

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South Korea’s presidential front-runner vows to boost stock markets

3 weeks ago | dailyitem.com | Youkyung Lee

Lee Jae-myung, South Korea’s presidential-election front-runner, said he would make changes to the nation’s equity markets to eradicate stock manipulation and protect shareholders. The former leader of the main opposition Democratic Party will seek gradual reform of the corporate governance system by amending a key bill on board duties, and by protecting minority shareholders during corporate actions such as duplicate listings, he said in a Facebook post.
South Korea’s presidential front-runner vows to boost stock markets

3 weeks ago | thederrick.com | Youkyung Lee

Lee Jae-myung, South Korea’s presidential-election front-runner, said he would make changes to the nation’s equity markets to eradicate stock manipulation and protect shareholders. The former leader of the main opposition Democratic Party will seek gradual reform of the corporate governance system by amending a key bill on board duties, and by protecting minority shareholders during corporate actions such as duplicate listings, he said in a Facebook post.
Korea’s Presidential Front-Runner Vows to Boost Stock Market

3 weeks ago | bloomberg.com | Youkyung Lee

Lee Jae-myung(Bloomberg) -- Lee Jae-myung, South Korea’s presidential-election front-runner, vowed to lift corporate governance standards and curb malpractices such as stock manipulation in a bid to boost the allure of the nation’s $1.6 trillion stock market.