The financial results for the October-December period reflect an operating profit of 346 billion won ($259.4 million), marking a substantial improvement from the 1.9 trillion won loss recorded during the same period in the previous year.
The vulnerability of China's export-dependent economy to supply chain disruptions is evident, highlighting the need for resilience against external shocks.
These measures, initially decreed by President Vladimir Putin in October, have proven effective in stabilizing the Russian currency. The current controls are set to expire in April, and the proposed extension aims to provide continued support to the rouble.
South Korean stocks closed higher Tuesday as investors scooped up undervalued shares after U.S. stock indexes closed at an all-time high overnight.
This push comes as the annual spring wage negotiations reach a pivotal stage, with Kishida engaging in meetings with union and business leaders to foster collaboration and address the challenges faced by the majority of Japan's workforce.
The Gwangmyeong plant, previously producing vehicles for export, underwent significant upgrades to accommodate the production of electric cars. Kia aims to diversify its EV lineup, which currently includes the mid-sized EV5, EV6, and large-sized EV9, with the introduction of the smaller EV3 and EV4.
South Korea's Ministry of Trade, Industry and Energy announced plans to allocate 100 billion won ($74.9 million) in 2024 to support local businesses in reshoring their production from overseas.
Last month, export orders plunged by 16% year-on-year to US$43.81 billion, falling below the ministry's forecast of an 8% decline. The persistent challenges of a wavering global economy impacting consumer spending, coupled with ongoing supply chain corrections, contributed to the disappointing performance.
Chinese chip manufacturers are aggressively investing in new semiconductor factories, aiming to bolster the nation's capabilities.
Despite initial uncertainties surrounding the functionality of the craft's solar batteries, JAXA is gearing up for potential restoration efforts once sunlight reaches its solar panels, marking a significant development in the nation's lunar exploration aspirations.
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