PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) made a large-scale investment in a US startup developing AI software for robot control, Japanese markets are closed for the Emperor's Birthday
Hyundai Motor's significant investment in a US AI startup signals a strong push towards integrating advanced technology into its operations, which could enhance competitiveness in the automotive sector.
South Korean February 1st-20th Exports rose 23.5% Y/Y, Imports rose 11.7% Y/Y
South Korea's Industry Minister Kim states that consultations with the US on tariffs and trade agreements will continue
PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) made a large-scale investment in a US startup developing AI software for robot control, Japanese markets are closed for the Emperor's Birthday
Palestinian media reports Israeli warplanes launched two raids on Khan Yunus in the southern Gaza Strip, according to Sky News Arabia
[MARKET UPDATE] Precious metals advance in early trade with spot gold up around 0.5% and gets a firmer footing above USD 5100/oz, while spot silver leads the advances with gains of 1.4%
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Amorepacific (090430 KS) - Co. heiress Seo Ho-jung sells shares worth KRW 10bln to pay taxes. (ChosunBiz)
Douzone Bizon (012510 KS) - EQT is to launch a tender offer for the remaining 18.2mln shares in Duozone Bizone for KRW 120k/shr. (Newswires)
Hyundai Motor (005380 KS) - Co. made a large-scale investment in a US startup developing AI software for robot control. (ChosunBiz)
Other News
North Korean leader Kim was re-elected as general secretary of the ruling party at the ongoing party congress. (KCNA)
This move may attract investor attention and reflect a broader trend of corporates investing in AI capabilities, possibly impacting valuations and stock prices in related industries.
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