Topic
korea
Finance Korean Stock Market's Wild Swings Cost Investor $14,000 in One Month
Bank worker Yongjoon Kim lost 20 million Korean won ($14,000) after his tech investments slumped 25% in July. The Kospi swung from above 9,000 points to 5,500 and back to about 6,800, with 1.2 million margin calls by end-July. Analysts at BNY and Societe Generale flag AI-related risks and growing leveraged retail trading.
Commodities Pacifico Energy Korea Signs Local Supply Deal for 3.2 GW Jindo Offshore Wind Cluster
US-based offshore wind developer Pacifico Energy Korea has signed a memorandum of understanding with three offshore wind suppliers in the Gwangyang Bay area to support the 3.2 GW Jindo offshore wind project cluster. The deal aims to strengthen domestic sourcing, support regional industry, and build Gwangyang Bay into a wider offshore wind supply hub.
Commodities KHNP-Led Consortium Wins Preferred Bidder Role for 800MW Korean Offshore Wind Project
A consortium led by Korea Hydro & Nuclear Power (KHNP) has been selected as the preferred bidder for the 800MW Jeonbuk Southwestern Offshore Wind Expansion Complex Phase 1 project. The award, announced by Jeonbuk State, puts the group in line to develop the first stage of a 2.4GW offshore wind complex off Buan County. The project is structured as a public-led scheme with public entities required to hold more than half the equity.
Manufacturing Korean Shipyard Gunsan Moves Closer to Revival After Nine-Year Hiatus with First Newbuilding Order
The Gunsan Shipyard, dormant since 2017, has signed a letter of intent for four aframaxes, marking its first newbuilding commitment. J Ocean Heavy Industries, backed by Eco Prime Marine Pacific, plans to acquire the yard from HD Hyundai Heavy Industries by year-end, potentially easing capacity constraints in Korean shipbuilding.