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Mirae Asset Chairman Park Hyun-joo Joins Petition for Jensen Huang’s Return, Emphasizing AI Ecosystem and Investor Protection
Park Hyun-joo, chairman of Mirae Asset Group, has added his name to an online petition calling for the return of Nvidia former CEO Jensen Huang. Huang’s influence in the AI ecosystem and investor concerns following Nvidia’s stock decline are cited as key background factors.
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Cho Hyun and Wang Yi Discuss Korean Peninsula Issues; Both Sides Agree to Manage West Sea Tensions in Bilateral Ties
Foreign Minister Cho Hyun urged Chinese Foreign Minister Wang Yi to help bring North Korea back to the dialogue table and play a constructive role in peace and stability on the Korean Peninsula. The two sides also agreed to expand economic cooperation and people-to-people exchanges between South Korea and China, while making sure that issues such as the West Sea do not hinder the development of bilateral relations.
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Dollar-Won Exchange Rate in Focus as Exports Near $1 Trillion and Selling Pressure Emerges
As semiconductor exports surge, expectations are growing that South Korea’s annual exports could reach $1 trillion for the first time. With exporters’ dollar selling, or so-called hedge-related supply, steadily hitting the foreign exchange market, export data has emerged as a key clue for gauging the dollar-won exchange rate.
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E-Mart Launches Kimchi-Making Discount Event, Cutting Price of 3 Heads of Cabbage by 37%... Radish, Oysters and Kimchi-Making Supplies Also on Sale
E-Mart will hold a “Kimchi-Making All-in-One” event from the 12th to the 18th, featuring cabbage, radish, fresh oysters, kimchi containers and pork for boiled pork slices. A bundle of three cabbages will be sold at 37% less than last year’s kimchi-season event price, and prices for major kimchi ingredients are also expected to be lower than a year ago.
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Why Lee Kun-hee’s ‘Thinking Management’ Is Drawing Renewed Attention: The Next 10 Years Samsung and the Government Must Prepare For
“Thinking management” means looking first at how something will be used in the future, not just at today’s numbers. This column revisits the management philosophy of the late Samsung chairman Lee Kun-hee and examines Samsung’s business diversification, as well as the government’s challenges in power, water, and labor markets.
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Posco Chair Jang In-hwa Faces Reappointment Test as First Strike and Steel Profitability Recovery Remain Key Challenges
POSCO Group Chairman Jang In-hwa will be assessed on both his management results and outstanding challenges ahead of the next chairman selection process, which begins in December. While the group’s overall operating profit rose, steel business profit fell, and repeated safety incidents and labor tensions are also seen as variables in whether he can secure another term.
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POSCO Chairman Jang In-hwa Faces Reappointment Test Amid Better Earnings, Safety and Labor Challenges
POSCO Group Chairman Jang In-hwa is approaching the upcoming CEO selection process, which begins in December. Operating profit rose in the third quarter, but weak performance in the steel business and industrial safety issues remain burdensome, while labor tensions have entered a temporary calm after a provisional wage agreement.
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President Lee Jae-myung Says Korea’s Economy Is in a “V-Shaped Recovery”… Urges “Growth for Everyone” Beyond K-Shaped Growth
In his budget speech for the 2027 fiscal year, President Lee Jae-myung said South Korea’s economy is showing a clear V-shaped recovery. At the same time, he laid out a vision of achieving “growth for everyone” through support for jobs, finance, and housing, moving beyond the so-called K-shaped growth that concentrates gains in certain regions and social groups.
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Controversy over President Lee Jae-myung’s Remarks on Foreign Workers’ Economic Contribution: Remittances and Domestic Demand at the Center
President Lee Jae-myung’s remark that foreign workers are not of much help to the national economy has sparked controversy. While the president explained that he was comparing them with Korean workers, experts say foreign workers’ domestic spending and contribution to agricultural production should also be taken into account.
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Korea’s Q2 Current Account Surplus Hits $116.63 Billion, Beating Germany and Japan Combined
South Korea’s current account surplus in the second quarter of this year came to $116.63 billion. That was larger than the combined surpluses of Germany and Japan, and the IMF expects Korea to rank second in the world for annual surplus this year, just behind China.
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IMF Forecasts South Korea’s Potential Growth Rate to Rise for Two Straight Years...The Effects and Limits of Semiconductor and AI Investment
The IMF expects South Korea’s potential growth rate to rise from 1.94% last year to 2.14% this year and 2.20% next year. Semiconductor and AI investment, along with productivity gains, are cited as key drivers, but whether that momentum spreads across the broader economy remains an open question.
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U.S. September Consumer Inflation Rises 3.7%... Soaring Gasoline Prices Emerge as a Key Factor
The U.S. Consumer Price Index (CPI) for September reportedly rose 3.7% from a year earlier. That came in above the market forecast of 3.6%, with surging gasoline costs cited as a major reason behind the inflation trend.
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