-- Shares of South Korean electrical equipment makers are among the biggest winners in the country’s stock market this year, driven by an anticipated surge in power demand from artificial intelligence and data centers in the US.HD Hyundai Electric Co., which manufactures power transformers, switchgear and generators, has risen nearly 160% this year, making it the top performer in the benchmark Kospi. Hyosung Heavy Industries Corp. has almost doubled, and LS Electric Co.
The Korean makers of electricity transformers and other related equipment have gone from having almost no overseas exposure to about 60% to 70% of their revenues now coming from the US, Lee said. Their “sharply” improving margin underscores the change, he said. U.S. authorities are facing fresh pressure from families of the victims of two fatal Boeing 737 MAX crashes to criminally prosecute the aerospace company following a January mid-air blowout that exposed ongoing safety issues. Victims' representatives meeting on Tuesday and later this month with U.S. Justice Department officials are expected to say that Boeing violated a 2021 deal with prosecutors to overhaul its compliance program following crashes in 2018 and 2019 that killed 346 people.
VANCOUVER — If you shop online you're likely familiar with the experience — you agree to buy for a certain price, but by the time you check out, the cost has ballooned with fees and surcharges. Place a shipping order with Canada Post and you might be hit with a "fuel surcharge" of almost 25 per cent. Buy movie tickets, flowers, make travel plans — all could be subject to hidden fees that are subsequently added to the originally quoted cost.
Jae Lee Power Shortage Power Demand Electricity Infrastructure LS Electric Co. Hyosung Heavy Industries Corp. Stock Market Artificial Intelligence
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