Financial Authorities Consider Sanctions Against CEOs Involved in Calch and Optimus Incidents
Sanctions on CEOs of Securities Companies Involved in Calch and Optimus Incidents Under Scrutiny Financial authorities are closely examining the severity of sanctions that could be imposed on CEOs of securities companies implicated in the Calch and Optimus incidents. Industry experts assert that heavy penalties are inevitable due to the recent re-investigation of the Lime […]
Will POSCO Go on Strike? Labor Management Talks Break Down
Following the recent strike at Hyundai Motors, all eyes are now on POSCO to see if they will also take industrial action. The Hyundai Motors union recently held a vote, with 88.93% of the 44,000 members in favor of striking. As a result, the Central Labor Relations Commission has allowed the union to proceed with […]
Tesla’s Price Cuts Spark Fierce Competition in China’s Electric Vehicle Market
[Infostock Daily Report by Kim Young-taek] Tesla is engaging in a strategic pricing move by once again reducing prices in China, the largest market for electric vehicles in the world. Price Cuts and Market Competition On 14th, Tesla announced a price cut of 14,000 yuan for the Model Y Long Range and Performance versions in […]
Shares of General Motors and Ford Plummet Amid Labor Cost Concerns
Shares of American carmakers General Motors (GM) and Ford experienced a significant decline due to increasing concerns over rising labor costs amidst demands for pay raises from the auto trade union. On the New York Stock Exchange, GM shares plummeted by 5.8%, marking the largest daily drop in eight months. Similarly, Ford shares also fell […]
POSCO Holdings Climbs to 4th Place in Market Cap as Foreign Securities Firms Warn of Potential Risks
POSCO Holdings, a leading steel company, has seen a surge in its stock price, propelling it to the 4th position in terms of market capitalization. The company’s shares have soared on the back of the booming secondary battery market, attracting investment attention from both domestic and foreign investors. However, concerns have arisen, prompting foreign securities […]
New CEO Kim Yu-jin Emphasizes Fair Compensation and Growth in Message to Executives and Employees
New CEO Kim Yu-jin Sends Message of Commitment to Employees Kim Yu-jin, the newly appointed CEO of the company, has assured executives and employees that there are no plans for artificial restructuring. In his first message since taking office, he emphasized the importance of creating a supportive organizational culture. In an article published internally on […]
The COFIX Continues to Rise, Increasing Interest Rates and Burden on Borrowers
Rising COFIX Increases Interest Burden for Borrowers The COFIX, an indicator of variable interest rates on mortgage loans, is steadily increasing, causing a ripple effect on interest rates for bank loan products. This surge in rates has resulted in borrowers facing a heavier interest burden. Korean Bankers’ Federation Report Reveals Increase in June COFIX In […]
[백브리핑AI] CU, mold on new rice cakes in convenience stores… “Complete remedial measures”
[인포스탁데일리=박상철 기자] Convenience store CU recalled all of them within a week of launching ‘fresh cream glutinous rice cake’. CU’s manufacturing partner ‘Yuraga’ took over and released it with a 5 day expiry date. However, complaints were received after the release that the quality was deteriorating, such as mold growing on the surface, even though […]
[백브리핑AI] OCI-Working with Tokuyama… Full-scale investment in semiconductor materials
[인포스탁데일리=김윤기 기자] OCI signed a memorandum of understanding (MOU) with Tokuyama, a Japanese chemical company, to establish a polysilicon joint venture (JV) for semiconductors in Malaysia at the board of directors meeting held at the headquarters in Jung-gu, Seoul today. The joint venture will produce 11,000 tons of polysilicon semi-finished products for semiconductors annually by […]
[백브리핑AI] Amex card to support ‘Apple Pay’ payments from next month
[인포스탁데일리=윤서연 기자] The ‘American Express’ card issued by Hyundai Card will also be able to make ‘Apple Pay’ payments as early as next month. A media outlet reported that Bansara is building infrastructure to support Amex card payments and Apple Pay. It was originally prepared to start the service at the end of May, but […]
