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Department Stores' Foreign Sales Reach $2 Billion

With foreign sales at Lotte, Shinsegae, and Hyundai Department Stores exceeding 2.6 trillion won (about $1.97 billion) this year, tourist consumption is being concentrated in a few flagship stores.

  • Lotte, Shinsegae, and Hyundai Department Stores' foreign sales exceeded $2 billion in 2023.
  • Lotte's main branch saw 30% foreign sales, three times its Jamsil branch's 10%.
  • Growth attributed to tourists, favorable exchange rates, and diverse product range.

Analysts Say SK hynix Can Fund Solidigm Internally

As SK hynix halted its review of the initial public offering (IPO) for its U.S. second-tier subsidiary Solidigm, concerns were raised regarding the procurement of investment funds to expand production…

  • SK hynix can fund Solidigm internally, dispelling funding concerns.
  • Analysts project SK hynix's free cash flow to reach 180 trillion won this year.
  • SK hynix's 2027 memory production secured through 5-year LTVs with global tech customers.

Oil Prices Reach Six-Month High Amid Middle East Tensions

International oil prices have surged to a six-month high amid concerns that the United States-Israel-Iran war could escalate after the U.S. midterm elections. As recent U.S.

  • Oil prices hit six-month high at $111.41 per barrel
  • Tensions between US, Israel, Iran fuel price surge
  • Inflation concerns shift focus from interest rates

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