Hyundai Motor, Kia to Partner With India s Exide Energy on EV Batteries usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
SEOUL (Reuters) -South Korea's Hanwha Aerospace Co said on Friday it will spin off its industrial solutions and semiconductor equipment businesses from its flagship defence division. On Tuesday, shares of Hanwha Aerospace jumped more than 15% on expectations of a possible spinoff to strengthen its focus on defence. "Hanwha Group is upgrading management efficiency and strengthening its business competitiveness by separating its defence business and industrial solutions business," it said in a sta
South Korea s Hanwha
Aerospace Co said on Friday it will spin off its
industrial solutions and semiconductor equipment businesses from
its flagship defence division.
(Reporting by Jack Kim
Editing by.
The Bank of Korea is
considering overhauling how it provides guidance on the likely
future path of interest rates by extending the timeframe and
giving visual estimates in a bid to boost transparency,. -April 04, 2024 at 02:44 am EDT
- MarketScreener
The Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency, said four sources familiar with the issue. The proposal, however, faces opposition from at least one of the central bank's seven-member governing board and a senior official, they said, amid concerns telegraphing future policy could undermine public confidence in policy, particularly if conditions suddenly change. Since first flagging the idea during a speech at the Federal Reserve's Jackson Hole symposium in 2022, Governor Rhee Chang-yong has been developing plans to regularly map out conditional forward guidance on policy interest rates for six months or longer.