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Industry

EcoPro BM ships first cathode materials to European OEM from Hungary plant

EcoPro BM has shipped high-nickel NCA cathode materials for the first time from its plant in Debrecen, Hungary, for supply to a European automaker OEM, the company said on Tuesday. Executives including CEO Moon-ho Choi attended the shipment ceremony. The complex houses several affiliates and has annual cathode capacity of 54,000 tons across three lines. EcoPro BM plans additional supply to other global OEMs this year and may consider building a second plant.

Finance

Kosdaq rally as semiconductors pause puts focus on this week\'s market direction

South Korean stocks face a week packed with catalysts, including U.S. inflation readings, a Bank of Korea policy meeting, MSCI rebalancing and the launch of single-stock leveraged and inverse ETFs. Investors are watching whether the KOSPI can hold near 8,000 and whether rotation into Kosdaq growth stocks can continue. The Kosdaq surged last week on buying in advanced industries. Markets also await the U.S. PCE inflation gauge and policy signals on rates, inflation and the currency.

Finance

KOSPI closes at record high of 7,844

South Korea\'s KOSPI opened lower on Tuesday but turned higher during the session and ended in the 7,800s, setting a record closing high. The benchmark rose 200.86 points, or 2.63 percent, to 7,844.01. Foreign investors net sold 3.72 trillion won as the dollar-won rate climbed to the 1,490 won range, while individuals and institutions bought. Auto and chip shares led gains.