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An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. LGES, which supplies Tesla (TSLA.O), General Motors (GM.N) and other automakers, said revenue growth in 2024 would not be as high as the mid-30% rate forecast for this year. LGES shares dropped as much as 6.69% to the lowest level in more than 12 months, versus the benchmark KOSPI's (.KS11) 0.6% fall. The company also said it would produce cheaper lithium iron phosphate (LFP) batteries from 2026 to better respond to demand for lower-priced EVs. But it was down 6% from the June quarter due to the demand slowdown in Europe, production adjustments by automakers and lower metal prices.

Persons: Kim Hong, Lee Chang, sil, Kim Gyunghoon, Kim, Kang Dong, LGES, 1,345.0800, Heekyong Yang, Joyce Lee, Miyoung Kim, Jamie Freed Organizations: LG Energy, REUTERS, GM JV, Korean, EV, General Motors, GM, Hyundai Motor Securities, Thomson Locations: Seoul, South Korea, SEOUL, China, Europe, Poland, U.S, Ohio, ARIZONA, Arizona

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Oct 26 (Reuters) - South Korea's SK Hynix (000660.KS) said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in the previous quarter. SK Hynix said it swung to a 1.8 trillion won ($1.33 billion) third-quarter operating loss from a profit of 1.7 trillion won a year earlier. It was its fourth consecutive quarterly loss, but improved from a trough of a 3.4 trillion won loss in the first quarter and a 2.9 trillion won loss in the second quarter. SK Hynix was ahead of rivals in developing HBM3 chips and securing AI-chip leader Nvidia (NVDA.O) as a client.

Persons: Kim Hong, chipmaker, SK Hynix, LSEG SmartEstimate, 1,351.6200, Joyce Lee, Heekyong Yang, Shri Navaratnam, Jamie Freed Organizations: SK Hynix, REUTERS, Rights, Korea's SK Hynix, SK, Revenue, Samsung Electronics, Analysts, SK Hynix's, Nvidia, Thomson Locations: Seongnam, South Korea, Rights SEOUL, KS

☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

☆ South Korea household debt growth slows in September
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

A woman shops at a market in Seoul, South Korea, July 26, 2016. REUTERS/Kim Hong-Ji/File photo Acquire Licensing RightsSEOUL, Oct 12 (Reuters) - South Korea's household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday. Total household borrowing from banks stood at 1,079.8 trillion won ($806.12 billion) at the end of September, up 4.9 trillion won from end-August, according to the Bank of Korea (BOK). The rise was smaller than the 6.9 trillion won increase in August and it also marked the first slowdown in growth since household debt started to climb in April. ($1 = 1,339.5000 won)Reporting by Jihoon Lee; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Hong, BOK, 1,339.5000, Jihoon Lee, Subhranshu Sahu Organizations: REUTERS, Rights, Bank of Korea, Thomson Locations: Seoul, South Korea, Rights SEOUL

☆ Union at Kia Corp suspends strike action to resume talks with company
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The union and Kia's management had been holding talks for three months over wage increases and an extension of the retirement age. Earlier, the union said it would limit working hours for six working days from Oct. 12 after negotiations stalled, in what would have been the first industrial action at Kia in three years. Kia declined to comment on the industrial action. Last month, the union at South Korea's second largest automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accepts their demands. Because the deals with Hyundai Motor and affiliate Hyundai Mobis (012330.KS) were concluded without any industrial action, Kia's unions are likely to avoid any major industrial action, analysts said.

Persons: Kim Hong, Kia Corp's, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, Reuters, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS, South Korea's

☆ Kia Corp's unionised workers to go on partial strike over wages
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. Last month, the union at South Korea's No.2 automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accept the demands. The union said it would work regular hours on days when they are holding talks with the management. Kia declined to comment on the strike. Shares in Kia Corp were trading up 0.7%, versus the benchmark KOSPI's (.KS11) 2.1% rise as of 0217 GMT.

Persons: Kim Hong, Kia Corp's, Kia, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS

Last trading at $7,990 per metric ton, London copper is now within sight of the year-to-date lows of $7,867-7,871 recorded in late May. Investment fund positioning on CME copper contractBEARS FLEX MUSCLES ON CMEFund positioning on the CME copper contract has oscillated between long and short for several months as the price chopped around in a sideways range. Outright long copper positions have been slashed from 63,665 contracts at the start of September to 35,050 as of the Sept. 26 close. Net positioning has shifted to a collective short of 3,051 contracts, just shy of the 3,228-contract peak 2023 short in June. It's worth noting that the "other financial" reporting category, which includes index funds, is still in modest net long territory.

Persons: Kim Hong, Alexandra Hudson Organizations: REUTERS, Fund, London Metal Exchange, Investors, Investment, CME, Bulls, Reuters, Alexandra Hudson Our, Thomson Locations: Gunsan, South Korea, London, U.S, United States, Tuesday's

☆ S.Korea Aug factory output posts biggest gain in over 3 years as chips jump
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

A factory is seen in Incheon, South Korea, May 30, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Oct 4 (Reuters) - South Korea's factory output unexpectedly jumped in August by the fastest rate in more than three years, led by chip production, official data showed on Wednesday. The industrial output index (KRIO=ECI) rose 5.5% in August from the previous month on a seasonally adjusted basis, after a 2.0% fall in July, according to Statistics Korea. That contrasts with a median 0.2% fall forecast in a Reuters survey and marks the fastest monthly gain since June 2020. On an annual basis, output was 0.5% lower, much milder than the previous month's 8.1% drop and a forecast for a 6.2% loss.

Persons: Kim Hong, Jihoon Lee, Tom Hogue, Sonali Paul 私 Organizations: REUTERS, Rights, Statistics Korea Locations: Incheon, South Korea, Rights SEOUL

☆ North Korea slams UN nuclear agency as US mouthpiece
▼ + stars: | 2023-10-01 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

REUTERS/Kim Hong-Ji/File... Acquire Licensing Rights Read moreSEOUL, Oct 2 (Reuters) - North Korea on Monday denounced the U.N. atomic watchdog for joining a U.S.-led pressure campaign and "cooking up" a resolution over its nuclear programmes, calling the agency a "paid trumpeter" for Washington. An unnamed spokesman of Pyongyang's Ministry of Nuclear Power Industry released a statement criticising a resolution adopted on Friday at the International Atomic Energy Agency (IAEA) general conference that calls for the North to curb its nuclear programmes. The spokesman described the resolution as a "result of conspiracy" by the United States and its allies, saying North Korea's status as a nuclear weapons state has already become "irreversible." Grossi warned last year that the reclusive country could resume nuclear testing for the first time since 2017. The IAEA has had no access to North Korea since Pyongyang expelled its inspectors in 2009 and then restarted nuclear testing.

Persons: Tae Sung, Kim Hong, Rafael Grossi, Grossi, Hyonhee Shin, Cynthia Osterman Organizations: REUTERS, Monday, Pyongyang's Ministry of Nuclear Power Industry, International Atomic Energy Agency, IAEA, DPRK, Democratic People's, Thomson Locations: Gijungdong, Paju, South Korea, SEOUL, North Korea, U.S, Washington, United States, Democratic People's Republic of Korea, DPRK, Pyongyang

☆ South Korea opposition leader avoids jail after court rejects warrant
▼ + stars: | 2023-09-27 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally PHOTO:while campaigning for the presidential election in Seoul, South Korea March 8, 2022. The Seoul Central District Court ruled against prosecutors who sought Democratic Party leader Lee Jae-myung's arrest, saying there were insufficient grounds to support their argument that he may try to destroy evidence. Lee welcomed the decision and thanked the court as he walked out of a holding centre soon after the ruling, which came well after midnight. Lee had narrowly lost to conservative Yoon, a career prosecutor, in the presidential election last year. Some members of Lee's party joined the conservative ruling party in voting last week to lift Lee's immunity from arrest as a member of parliament, drawing criticism within the party.

Persons: Lee Jae, myung, Kim Hong, Lee, Han Dong, hoon, Yoon Suk, Yoon, Hyunsu Yim, hyang Choi, Jack Kim, Gerry Doyle Organizations: South Korea's Democratic Party, REUTERS, Rights, Seoul Central, Court, Democratic Party, Thomson Locations: Seoul, South Korea, Rights SEOUL, Japan, North Korea, Gyeonggi Province, Seongnam

WASHINGTON/SEOUL, Sept 27 (Reuters) - Private Travis King, the U.S. soldier who ran into North Korea in July, is in U.S. custody and heading home after being expelled by North Korea into China, the United States said on Wednesday. For its part, North Korea appears to have treated his case as one of illegal immigration. North Korea's KCNA state news agency said King told Pyongyang he entered North Korea illegally because he was disillusioned about unequal U.S. Last month, it said that he wanted refuge in North Korea or elsewhere because of maltreatment and racial discrimination within the U.S. army. KING IN 'GOOD HEALTH'The Swedish government, which represents U.S. interests in North Korea because Washington has no diplomatic presence in the country, retrieved King in North Korea and brought him to China.

Persons: Travis King, King, KCNA, Matthew Miller, Nicholas Burns, Miller, Kim Hong, Jonathan Franks, Claudine Gates, Gates, Myron Gates, Fort Sam Houston, Brittney Griner, Hyonhee Shin, hyang Choi, Phil Stewart, Susan Heavey, Trevor Hunnicutt, Doina, Idrees Ali, Daphne Psaledakis Michael Martina, Humeyra Pamuk, David Brunnstrom, Brendan O'Brien, Johan Ahlander, Philippa Fletcher, Sharon Singleton, Bill Berkrot, Don Durfee, Daniel Wallis, William Maclean, Cynthia Osterman Organizations: North, The State Department, ., China . State Department, U.S, Osan Air Force Base, King, REUTERS, United States Army, ABC News, South Korean, Brooke Army Medical Center, Base San, Fort, Russia, Thomson Locations: WASHINGTON, SEOUL, U.S, North Korea, China, United States, Washington, Pyongyang, Swedish, Beijing, Dandong, Shenyang, South Korea, Sweden, Gijungdong, Panmunjom, Texas, Base San Antonio, Seoul, Chicago, Stockholm

Seoul, South Korea CNN —South Korea showcased an arsenal of advanced weaponry in a military parade on Tuesday, rolling tanks and missiles down the streets of its rain-soaked capital during the first event of its kind in a decade. South Korean troops marched during the military parade in Seoul, South Korea, on September 26, 2023. Soldiers in vehicles waved to the crowd as they passed by; several carriers had the South Korean flag affixed to the exterior. Yoon has previously stated his goal to make South Korea one of the world’s top four arms exporters, after the US, Russia and France. South Korean weaponry and vehicles were on display during a parade in Seoul on September 26, 2023.

Persons: Yoon Suk Yeol, Kim Hong, ” Yoon, –, Peter Layton, Kim Keon Hee, ”, Yoon, it’s, Layton, Chung Sung, Joe Biden, Biden, Fumio Kishida, David Organizations: South Korea CNN, 75th Armed Forces, Seoul Air Base, Reuters, South, Ministry of National Defense, Korean, Griffith Asia, Griffith University, Export, Import Bank of Korea, Japanese Locations: Seoul, South Korea, Korea, United States, Japan, Pyongyang, North Korea, Washington, China, Russia, France, Maryland

☆ LG Chem partners with Huayou Group to build joint LFP cathode plant in Morocco
▼ + stars: | 2023-09-24 | by ( Heekyong Yang | ) www.reuters.com time to read: +3 min

The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSummaryCompanies LG Chem to build joint LFP cathode plant in Morocco with China's YoushanCompany to enter LFP cathode business for the first timeCompany partners with Huayou Group to build 4 facilities in Morocco and IndonesiaSEOUL, Sept 24 (Reuters) - South Korea's LG Chem Ltd (051910.KS) said on Sunday it has entered into partnership with China's Huayou Group's subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco in an effort to diversify its portfolio. LG Chem said LFP cathodes produced at the Morocco plant will be supplied to the North American market and receive subsidies from the U.S. Inflation Reduction Act (IRA) as Morocco is a free-trade partner with the United States. LG Chem and Youshan would need to adjust their respective equity share in compliance with the U.S. Treasury Department's guideline of a "foreign entity of concern," a provision aimed at China, LG Chem said in the statement. The size of LG Chem's investments for its four facilities with Huayou Group has not been finalised yet.

Persons: Kim Hong, China's, LG Chem, LFP cathodes, Heekyong Yang, Shri Navaratnam Organizations: LG Chem, REUTERS, China's Youshan Company, Huayou Group, LG Chem Ltd, LG, North, U.S, U.S . Treasury, U.S . Treasury Department, Huayou, Thomson Locations: Seoul, South Korea, Morocco, Indonesia SEOUL, KS, United States, Korea, China, U.S, Indonesia

☆ South Korea opposition leader ends 24-day hunger strike
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 23 (Reuters) - South Korea's opposition leader ended a 24-day hunger strike on Saturday, a party spokesperson said, two days after parliament voted to let prosecutors serve an arrest warrant against him for alleged bribery. Lee Jae-myung, leader of the Democratic Party of Korea, will maintain a schedule including court attendance while hospitalised for the time being, the spokesman told reporters. Lee, who lost South Korea's presidential election to conservative Yoon Suk Yeol last year, has denied wrongdoing, calling the allegations "fiction" and a "political conspiracy". South Korea is to hold parliamentary elections in April.

Persons: Lee Jae, myung, Kim Hong, Lee, . Lee, Yoon Suk Yeol, Joyce Lee, William Mallard Organizations: South Korea's Democratic Party, REUTERS, Rights, Democratic Party of Korea, Prosecutors, South, Police, Gyeonggi Nambu Provincial Police, Thomson Locations: Seoul, South Korea, Rights SEOUL, North Korea, Gyeonggi Province, Seongnam, ., Lee's

☆ South Korea lawmakers vote to pave way for opposition leader's arrest
▼ + stars: | 2023-09-21 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. The vote means Democratic Party leader Lee Jae-myung will face court to contest his arrest over the charges. Members of parliament have immunity against arrest when the assembly is in session unless its members vote to rescind it with a simple majority. Lee's Democratic Party holds 167 seats in the 297-member parliament. President Yoon is currently in New York to attend the United Nations General Assembly.

Persons: Lee Jae, myung, Kim Hong, Han, Han Duck, Yoon Suk Yeol, Democratic Party's Lee, Lee, Yoon, Hyunsu Yim, Jason Neely Organizations: South Korea's Democratic Party, REUTERS, Democratic Party, Democratic, United Nations General Assembly, Thomson Locations: Seoul, South Korea, SEOUL, North Korea, Gyeonggi Province, Seongnam, New York, Korea's

☆ S. Korea opposition leader hospitalised after hunger strike, prosecutors seek arrest
▼ + stars: | 2023-09-18 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 18 (Reuters) - South Korea's main opposition leader was hospitalised on Monday, days into a hunger strike in protest against government policies, while prosecutors sought an arrest warrant for him over corruption allegations. Hours after Lee was transferred to a hospital, prosecutors said they had requested an arrest warrant for him as part of an investigation into a development project and bribery allegations. Prosecutors also accused Lee of bribery in connection with a company suspected of $8 million in illegal money transfers to North Korea. Parliament rejected their previous request for an arrest warrant in February.

Persons: Lee Jae, myung, Kim Hong, Kim Gi, Lee, Prosecutors, Yoon Suk, 1,327.4000, Soo, hyang Choi, Hyonhee Shin, Gerry Doyle Organizations: South Korea's Democratic Party, REUTERS, Rights, Democratic Party of Korea, National Assembly, Power Party, Seongnam Development Corporation, Thomson Locations: Seoul, South Korea, Rights SEOUL, Seongnam, North Korea

☆ Luis Rubiales: what to expect as court case begins over Jenni Hermoso kiss
▼ + stars: | 2023-09-15 | by ( Emma Pinedo | ) www.reuters.com time to read: +3 min

Hermoso says that she did not want to be kissed and that she felt "vulnerable and victim of an aggression". After weeks of resisting calls to step down as president of the Royal Spanish Football Federation (RFEF), Rubiales finally quit on Sept. 10. He maintains the Hermoso kiss was "spontaneous, mutual, euphoric and consensual". SPANISH CRIMINAL PROCEEDINGSRubiales appeared before a High Court judge on Friday over a complaint of sexual assault and coercion stemming from the allegedly unsolicited kiss. Rubiales had been provisionally suspended for three months from all football-related activities by world soccer governing body FIFA since Aug. 26.

Persons: Royal Spanish Football Federation Luis Rubiales, Kim Hong, Luis Rubiales, Jenni Hermoso's, Hermoso, Rubiales, Marta Durantez Gil, Francisco de Jorge, TAD, Queen Letizia, Sofia, Emma Pinedo, Rohith Nair, Andrei Khalip, Hugh Lawson Organizations: Soccer Football, FIFA World, Qatar, Khalifa, Royal Spanish Football Federation, REUTERS, Rights, FIFA, Administrative, Sports Council, Spain's women's, Thomson Locations: Japan, Spain, Doha, Qatar, Rights MADRID, Spanish, Hermoso, Bangalore

☆ S.Korea c.bank says coordinated efforts needed to deal with household debt
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 14 (Reuters) - South Korea's central bank said on Thursday it needs to make coordinated efforts to contain household debt, which is at levels that could undermine economic growth and financial stability. "Unlike in major countries, household debt increased continuously without de-leveraging and has reached a level that hinders macroeconomic and financial stability," the Bank of Korea (BOK) said in its quarterly monetary policy report. South Korea's household borrowing grew for a fifth straight month in August by the biggest amount in two years, driven up by rising mortgage demand, prompting financial authorities to tighten certain loan regulations. The BOK said in the report it was more effective for macro-prudential policy to coordinate with monetary policy than for policy responses to be made in isolation.

Persons: Kim Hong, BOK, Jihoon Lee, Sam Holmes Organizations: Bank of, REUTERS, Rights, Bank of Korea, prudential, Thomson Locations: Bank of Korea, Seoul, South Korea, Rights SEOUL

☆ South Korea warns North Korea, Russia against breaching UN resolutions
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kim Hong-Ji/File photo Acquire Licensing RightsSEOUL, Sept 14 (Reuters) - South Korea's National Security Council (NSC) said on Thursday North Korea and Russia would "pay a price" if they violate U.N. Security Council resolutions. "The government said that with any actions that threaten our security by North Korea and Russia violating (U.N.) Security Council resolutions, there will be a price to pay," it said. The message comes after the NSC held a meeting to discuss the summit between North Korean leader Kim Jong Un and Russian President Vladimir Putin. The South Korean meeting was attended by senior officials including the foreign minister as well as the unification minister, who is in charge of relations with North Korea. Earlier, Unification Minister Kim Young-ho also expressed concern over military cooperation between North Korea and Russia.

Persons: Kim Hong, Kim Jong Un, Vladimir Putin, Kim Young, ho, Hyunsu Yim, Kevin Liffey, Angus MacSwan Organizations: REUTERS, Rights, Korea's National Security Council, Thursday North, NSC, Unification, Thomson Locations: Paju, South Korea, Rights SEOUL, Thursday North Korea, Russia, Pyongyang, Moscow, United States, Japan, North Korea, Russian, Angus

Giant cranes are seen at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea, September 7, 2016. REUTERS/Kim Hong-Ji Acquire Licensing RightsSept 13 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The real fireworks will come after Asian markets close, with the release of U.S. CPI for August. Annual core inflation is expected to ease to 4.3% from 4.7%, but headline inflation is predicted to rise to 3.6% from 3.2%. Year-on-year oil prices are now turning positive for the first time this year, something investors and policymakers could do without.

Persons: Kim Hong, Jamie McGeever, Brent, Kazuo Ueda, Josie Kao Organizations: Hanjin Shipping, Incheon New, REUTERS, U.S, CPI, Bank of Japan, Nikkei, Bank of America's, Thomson, Reuters Locations: Incheon, Incheon New Port, South Korea, Japan, China, Korea

Since the dollar index hit a 15-month low and embarked on its current upswing on July 14, Goldman Sachs' U.S. financial conditions index has risen 52 basis points. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsIt is a small sample size, but the exchange rate is becoming an increasingly important factor tightening U.S. financial conditions. But continued dollar appreciation could tighten financial conditions further without the Fed having to raise rates again. The last time they held a net long dollar position was November. Fed economists in June launched a financial conditions index called "FCI-G" - Financial Conditions Impulse on Growth - aimed at measuring the impact of conditions on activity and growth.

Persons: Kim Hong, Goldman Sachs, Jerome Powell, Jamie McGeever, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, U.S, HSBC, BULLS, Futures, Reuters, Goldman's FC, Open Market, Thomson Locations: Seoul, Rights ORLANDO , Florida, U.S, Goldman's

☆ Frieze art fair returns to South Korea, offering boost to Asia’s art market
▼ + stars: | 2023-09-07 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Seoul, South Korea Reuters —The Frieze art fair returned to South Korea for a second year on Wednesday, with dealers hoping the event would provide a boost for the burgeoning local art market, after economic woes triggered a slump in sales this year. The fair, run by Endeavor Group-owned Frieze, made its Asia debut in South Korea last year, drawing over 70,000 visitors. Visitors take a look around at the Frieze art fair in Seoul, South Korea. Kim Hong-Ji/ReutersDespite this backdrop, the South Korean and the Asian art market remain resilient, Patrick Lee, Director of Frieze Seoul, told Reuters. "Weave Magenta, 2023" (right), by artist Sean Scully, on show at Frieze Seoul 2023.

Persons: Kim Hong, Patrick Lee, “, Lee, ” Lee, Seungjin Chung, Sean Scully, Jung Yeon, Jungmin Cho, ” Organizations: South Korea Reuters, Hyundai, Endeavor Group, Ministry of Culture, Tourism, South, Korea Arts Management Service, Visitors, Frieze, Reuters, G, Getty, BTS Locations: Seoul, South Korea, Asia, Frieze Seoul, China, Japan, AFP

☆ Frieze Art Fair returns to South Korea, offering boost to Asia's art market
▼ + stars: | 2023-09-06 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

[1/6] Visitors take a look around at the Frieze art fair in Seoul, South Korea September 6, 2023. REUTERS/Kim Hong-Ji Acquire Licensing RightsSEOUL, Sept 6 (Reuters) - The Frieze Art Fair returned to South Korea for a second year on Wednesday, with dealers hoping the event would provide a boost for the burgeoning local art market, after economic woes triggered a slump in sales this year. The fair, run by Endeavor Group-owned (EDR.N) Frieze, made its Asia debut in South Korea last year, drawing over 70,000 visitors. South Korea's art market reached 1 trillion won ($750.85 million) in revenue for the first time in 2022, according to data from the Ministry of Culture, Sports and Tourism. Despite this backdrop, the South Korean and the Asian art market remain resilient, Patrick Lee, Director of Frieze Seoul, told Reuters.

Persons: Kim Hong, Patrick Lee, Lee, Seungjin Chung, Jungmin Cho, 1,331.8200, Hyunsu Yim, Hyun Young Yi, Sharon Singleton Organizations: REUTERS, Rights, Art, Hyundai, Endeavor Group, Ministry of Culture, Tourism, South, Korea Arts Management Service, Frieze, Reuters, G, BTS, Thomson Locations: Seoul, South Korea, Rights SEOUL, Asia, Frieze Seoul, China, Japan

☆ South Korean teachers to rally after colleague's death
▼ + stars: | 2023-09-04 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

The South Korean teachers union is not involved in organising the demonstrations on Monday, said the group leading the protests, Everyone Together As One. President Yoon Suk Yeol on Monday ordered officials to listen to the teachers' demands and work to protect their rights, his office said. In July, an elementary school teacher was found dead at school after reportedly expressing anxiety over complaints from a parent over a dispute among students. One hundred public school teachers committed suicide in South Korea during the past six years as of June. The education ministry has vowed to prevent incidents of teachers' being punished for legitimate educational activity, and improve communication between teachers and parents.

Persons: Kim Hong, Yoon Suk, Soo, hyang Choi, Gerry Doyle Organizations: REUTERS, Rights, . Government, Authorities, South, Monday, Teachers, National Assembly, World Health Organisation, Thomson Locations: Seoul, South Korea, Rights SEOUL, Korea

☆ South Koreans worry about Fukushima water; more disapprove of Yoon - poll
▼ + stars: | 2023-09-01 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

South Korean people chant slogans during a protest against Japan’s discharge of treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean, in Seoul, South Korea, August 26, 2023. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 1 (Reuters) - A majority of South Koreans are worried about Japan's discharge of treated radioactive water from the Fukushima nuclear plant into the sea despite efforts by their government to allay fears, a poll published on Friday showed. The South Korean government, however, has said it sees no scientific problem with the water release, though stressing it does not approve of it, and banning the import of seafood from waters off Fukushima, north of Tokyo. Despite such efforts, South Korean environmental groups and many members of the public are alarmed and Yoon's disapproval rating has risen to the highest in months, a Gallup Korea poll of 1,002 people showed. The Fukushima nuclear plant was wrecked by a tsunami triggered by an offshore earthquake in 2011.

Persons: Kim Hong, Yoon Suk Yeol, Yoon, 1,321.1500, Hyunsu Yim, Jack Kim, Robert Birsel Organizations: REUTERS, Rights, South, Gallup, Gallup Korea, Thomson Locations: Seoul, South Korea, Rights SEOUL, South, Japan, China, Fukushima, Tokyo, South Korean, Gallup Korea

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