HD Hyundai Electric breaks ground for 2nd US transformer plant
HD Hyundai Electric held a groundbreaking ceremony for its second ultra-high voltage transformer plant in Montgomery, Alabama, USA. The new facility will increase production capacity by 50% and is expected to be completed by April 2027.
KOSPI rises above 5400 as semiconductor stocks surge
KOSPI rose above 5400 points as semiconductor stocks surged, led by Samsung Electronics and SK Hynix. This follows a 2.28% jump in the Philadelphia Semiconductor Index overnight.
K-defense industry targets $20B Saudi deal with green tech
Korean defense firms showcase green ship tech at WDS 2026 to win $20B Saudi naval modernization project, focusing on LNG/ammonia/hydrogen propulsion and local production.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.