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02.10.26 - 23:15
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Trump shrugs off South Korea′s uncertainty on $54B Alaska energy investment (The Hill)
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President Trump brushed off questions Friday over whether he jumped the gun in announcing that South Korea would fund a natural gas pipeline in Alaska, which South Korean officials have said is still under discussion. "Well, I didn't jump the gun. I mean, they were there and they were represented," Trump told reporters before departing......
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30.09.26 - 20:51
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Bank of Korea To Buy 1 Ton Of Gold In First Purchase Since 2013 (ZeroHedge)
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Bank of Korea To Buy 1 Ton Of Gold In First Purchase Since 2013
Add South Korea to the list of countries taking tentative steps to hedge their exposure to the US dollar, and fiat in general.
The Bank of Korea will buy approximately one ton of domestically produced gold in December, worth 200 billion won, according to the office of Rep. Chung Tae-ho of the Democratic Party of Korea, a member of the National Assembly's Strategy and Finance Committee, on the 30th.
The move, which follows indirect investment through ETFs in the second quarter, signals a more active push into gold and marks the central bank's first physical gold purchase in 13 years. The first transaction is scheduled for December 14, after the bank establishes the system needed for domestic gold trading, Seoul Daily reported.
In materials submitted to Chung's office, the BOK said the necessary systems are expected to be in place around Dec. 14, allowing the first transaction to take place at that time. The central bank estimate...
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21.09.26 - 16:24
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South Korea Gives Almonty′s Major Tungsten Mine Final Green Light To Supply The West (ZeroHedge)
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South Korea Gives Almonty's Major Tungsten Mine Final Green Light To Supply The West
Bloomberg reports that Almonty Industries has secured final administrative approval from South Korean authorities to commercially process tungsten at its Sangdong mine. The approval positions Sangdong to begin supplying major Western customers and accelerate supply chain decoupling from China for the critical industrial metal. As Beijing restricts tungsten exports, the West's looming rearmament cycle adds urgency to securing conflict-free supplies.
South Korea granted Almonty inspection certificates last Thursday that authorize commercial operation of Sangdong's processing plant and crushing facilities. The approvals allow Almonty to turn mined ore into saleable tungsten concentrate for domestic customers and, more importantly, for Western buyers struggling to procure supplies amid a year and a half of China choking off global supplies.
Much of the Sangdong mine's output already has a buyer.
Almonty's lon...
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09.08.26 - 19:31
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Zentralbanken hamstern Gold (Tichys Einblick)
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Der 5. August war ein besonderer Tag am Edelmetallmarkt: Der Goldpreis schoss in der Spitze um über 4,5 Prozent nach oben und könnte nach Monaten der Konsolidierung in ein neues, positives Marktumfeld zurückkehren. Auch die südkoreanische Zentralbank meldete eine strategische Neuausrichtung bei den Edelmetallen. Die Bank of Korea kauft bereits über Gold-ETFs zu und bereitet parallel den ersten physischen Zukauf im eigenen Land seit 13 Jahren vor. Bislang lagern die gesamten Reserven von 104,4 Tonnen bei der Bank of England in London; künftig sollen die Lagerorte diversifiziert werden..
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29.10.25 - 07:24
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Trump lands in South Korea amid deadlocked trade talks over $350bn deal on tariffs (The Guardian)
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US president to be presented with replica royal gold crown before meeting his South Korean counterpart, Lee Jae Myung, but expectations of a breakthrough on tariffs are lowDonald Trump landed in South Korea on Wednesday to meet President Lee Jae Myung, with deadlocked talks over a $350bn trade deal between the two countries threatening to cast a shadow over the event.After arriving on a flight from Tokyo, where he signed a rare earths deal with Japan's new prime minister, Sanae Takaichi, the US president addressed a summit of CEOs ahead of a meeting with Lee in the town of Gyeongju, a historical city playing host to the annual Apec summit. Continue reading......
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