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Friday, September 20, 2024

BUSINESS

Korea’s status as China’s import partner drops to 30-year low

Korea's status as China's import partner dropped to its lowest level in 30 years as Beijing moved to indigenize the production of chips and...

OpenAI CEO Sam Altman arrives in Korea for Samsung, SK meetings

OpenAI CEO Sam Altman punched in for his 19-hour visit to Korea, possibly touring factories of top-tier chipmakers Samsung Electronics and SK hynix. Local media...

Hyundai Motor, Kia log all-time high operating profits in 2023

Hyundai Motor and Kia logged all-time high operating profits for 2023, driven by strong sales of high-margin cars and robust demand in core markets...

Hyundai struggles to receive EV tax credits from US: Report

Talks remain inconclusive between Hyundai Motor and the U.S. government over tax incentives for the Korean automaker's $5.5 billion EV plant in Georgia, which...

Posco International net profit rose 12.5% on year in 2023

Posco International, the general trading and energy arm of Korean steel giant Posco Holdings, said Tuesday its net profit rose 12.5 percent on year...

Hyundai pleads with U.S. to provide exemptions for ‘unrealistic’ IRA

Hyundai Motor called on the U.S. government to provide a temporary Inflation Reduction Act (IRA) exemption, stating that not sourcing raw materials from China...

Korean shares soar 1.34% Friday following overnight tech boost on Wall Street

Shares soared more than 1.3 percent Friday as big-cap chip shares rallied following an overnight tech boost on Wall Street. The local currency edged up...

Galaxy S24 first look: Translation is a letdown, but Circle to Search is handy

Look for the stars when summoning AI on your Galaxy S24. A bundle of little stars — sometimes three, sometimes four — will appear on...

Korean shares plunge as hopes fade for early Fed rate cut

Shares plunged nearly 2.5 percent Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon, and over uncertainties on...

Korean stocks plummet as Kim Jong-un calls for war

Shares slid more than 1 percent Tuesday as escalating geopolitical tensions surrounding the Korean Peninsula weakened investors' appetite for risky assets. The local currency...