Kangwon Land invests KRW 179.6 billion in new facilities
Kangwon Land announced on the 28th that it had decided to invest 179.6 billion won in the construction of a second casino business site. The investment amount is approximately 4.88% of Kangwon Land’s equity capital as of the end of last year. The investment period is until December 31, 2027. Kangwon Land explained that it decided to create a new business site to solve the problem of overcrowding in the existing casino and create a pleasant gaming environment.
Mirae Industries signs a contract to supply semiconductor inspection equipment accessories worth 2.4 billion won
Mirae Industry announced on the 28th that it had won a contract to supply semiconductor inspection equipment accessories worth 2.36 billion won. The contract amount is equivalent to 10.8% of Mirae Industry’s sales last year. The other party to the contract is SK Hynix, and the contract period is from November 28, 2024 to January 30, 2025.
Eco&Dream signs contract to supply High Nickel NCM precursor
Eco & Dream announced on the 28th that it had signed a contract to supply high-nickel NCM precursors. The contract amount is 8.497 billion won, which corresponds to 16.5% of Eco & Dream’s sales last year. The contract period is from November 28, 2024 to January 14, 2025.
Kangstem Biotech merges with Primoris Therapeutics
Kangstem Biotech announced on the 28th that it would merge with Primoris Therapeutics. The surviving corporation is Kangstem Biotech, and the extinguished corporation is Primoris Therapeutics. The merger ratio of Kangstem Biotech and Primoris Therapeutics is 1 to 20.7989731 common stock and 84.6310088 to 1 redeemable convertible preferred stock.
KHV acquires land and factory for automobile electronics business worth 26 billion won
KH Vatech announced on the 28th that its subsidiary KHV has decided to acquire tangible assets such as land (right to use) and factories to expand the automobile electronics business worth KRW 26 billion with the Yen Bin Industrial Complex. The expected acquisition date is December 31, 2025.
Ohsung Advanced Materials, paid-in capital increase worth KRW 5 billion
Ohsung Advanced Materials announced on the 28th that it would conduct a paid-in capital increase worth 5 billion won allocated to a third party to raise operating funds. The number of shares scheduled to be issued is 3,861,003. The new stock issuance price is 1,295 won, and the new stock listing date is April 30.
MS Autotech cancels 6.5 million shares of treasury stock
MS Autotech announced on the 28th that it would cancel 6.5 million shares of common stock it held as treasury stock. MS Autotech explained that this was a reduction due to the cancellation of treasury stock to improve shareholder value. The general shareholders’ meeting for the retirement of treasury stocks is scheduled to be held on January 17, 2025, and the standard date for retirement is February 19, 2025.
Youngpoong Precision acquires shares of Korea Zinc worth 40 billion won
Youngpoong Precision announced on the 28th that it would acquire 39,254 shares of Korea Zinc for 40 billion won. The transfer amount corresponds to 11.89% of Youngpoong Precision’s equity capital. After the transfer, Youngpoong Precision will own a total of 437,601 shares in Korea Zinc, with a stake of 2.11%. The transfer of shares is carried out through over-the-counter purchases using the funds held.
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## Tackling Inflation: What Should Consumers Expect in 2024?
**Meta Description:** Learn what experts predict for inflation in 2024 & how consumers can prepare for potential price increases. Get insights on rising costs, savvy budgeting tips, and investment strategies.
**Featured Image:** A person thoughtfully reviewing their household budget. **Alt Text: **Concerned individual analyzing a budget amidst rising inflation concerns.
***
Inflation has remained a persistent economic concern globally, impacting consumers’ purchasing power and financial planning. To gain insights into what the future holds, World Today News spoke with two leading economists: Dr. Elizabeth Grant, Professor of Economics at Stanford University, and Mr. John Thompson, Chief Economist at GlobalInsight. This interview aims to shed light on the trajectory of inflation in 2024 and equip consumers with strategies to navigate potential price increases.
***
**Understanding the Inflation Landscape**
**World Today News: ** Dr. Grant, several factors have contributed to recent inflationary pressures. Could you elaborate on the key drivers?
**Dr. Elizabeth Grant:** The global pandemic significantly disrupted supply chains, leading to shortages and price hikes. Coupled with pent-up demand and accommodative monetary policies, these factors fueled a surge in inflation. We’re also seeing rising energy prices due to geopolitical tensions, further complicating the picture.
**World Today News: ** Mr. Thompson, how do you see these factors playing out in 2024? Do you anticipate inflation to ease or remain elevated?
**Mr. John Thompson:** While some supply chain bottlenecks have eased, we expect inflation to remain above pre-pandemic levels in 2024. The ongoing energy crisis and tight labour markets will continue to exert upward pressure on prices.
**Navigating Rising Costs**
**H3: What Strategies can Consumers Employ to Cope with Inflation?**
**Dr. Elizabeth Grant:** Pragmatic budgeting is crucial. Consumers should prioritize essential expenses and explore cost-saving options, such as buying generic brands, cooking at home more often, and trimming discretionary spending.
**Mr. John Thompson:** It’s also wise to consider diversifying income streams and exploring opportunities for career advancement. As prices rise, securing a higher income can help maintain purchasing power.
**Investing Through Inflationary Periods**
**H3: How Should Investors Adjust Their Portfolios During Inflation?**
**Mr. John Thompson:** Historically, assets like real estate and commodities tend to perform relatively well during inflationary periods. However, diversification remains key. Investors should avoid concentrating their portfolios in any single asset class and seek advice from a qualified financial advisor.
**Dr. Elizabeth Grant:**
Investing in inflation-protected securities, such as Treasury Inflation-Protected Securities (TIPS), can also be a valuable strategy to hedge against inflation risk. [*Learn more about TIPS and how they work*.](link to relevant internal article on TIPS)
**Key Takeaways and Looking Ahead**
* Inflation is projected to remain above pre-pandemic levels in 2024.
* Consumers should prioritize budgeting, explore cost-saving measures, and consider diversifying income.
* Investors may want to explore assets like real estate, commodities, and inflation-protected securities.
“2024 will likely present continued challenges for consumers,” says Dr. Grant. “However, by adopting proactive financial strategies and staying informed about economic trends, individuals can better navigate these uncertain times.”
**What are your thoughts on the experts’ predictions? Share your insights and questions in the comments below. **
**Stay informed on the latest economic developments. Sign up for our newsletter for expert analysis and insights.**
**Explore these related articles: **
* [The Impact of Inflation on Retirement Planning](link to relevant article)
* [Understanding Supply Chain Disruptions](link to relevant article)
**Share this article with friends and family to help them prepare for the financial landscape ahead!**
