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Won Slips to Two-Year Low on Dollar Weakness

The won-dollar exchange rate broke the yearly intraday low on Oct. 16, falling to its lowest level in about two years.It rose early in the session due to concerns over inflation in the United States…

  • Won-dollar exchange rate hits two-year low at 1331.4 won
  • Inflation concerns and Fed rate hike speculation rise
  • KOSPI stock market gains 2.05% amid dollar weakness

FSS Investigates Korea Investment Management Over SpaceX ETF

Controversy is brewing over an active exchange-traded fund (ETF) managed by Korea Investment Management. This comes as it was confirmed that there is a significant discrepancy between the ‘ETF basket…

  • FSS investigating Korea Investment Management over ETF allegations.
  • SpaceX stock weight at 38.05% in ACE US Space Tech ETF.
  • Korea Investment Management disputes discrepancy, cites stock price trends.

Solidigm Hires Trump-Tied Lobbying Firm

Solidigm, the U.S. subsidiary of SK hynix, has hired a lobbying firm with deep ties to close associates of U.S. President Donald Trump.According to a U.S. congressional lobbying disclosure on Oct.

  • Solidigm hires Ballard Partners, Trump-tied lobbying firm
  • Ballard Partners led by CEO Brian Ballard, ex-Trump Organization lobbyist
  • Focus on U.S. memory semiconductor policy and foreign investment regulations

More from Friday 16 October →