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Friday, September 20, 2024

BUSINESS

U.S. guideline on IRA to benefit Korean battery, renewables companies

The U.S. tentative guideline on its tax cut eligibility under the Inflation Reduction Act (IRA) is likely to benefit Korea's electric vehicle battery, solar...

Korea’s population set to plummet back to 1970s levels

In 50 years, Korea's population will likely shrink from the current 52 million to 36 million, a level last seen during the impoverished 70s,...

Korea’s arms deal with Poland hanging by a thread

Korean companies' multibillion dollar arms deals with Poland are hanging by a thread as the new Polish administration calls for a review of contracts...

ASML, Samsung invest $762 million in chip research center

ASML and Samsung Electronics will jointly invest one trillion won ($762 million) in setting up a research center in Korea dedicated to ultrafine semiconductor...

YouTube Premium prices to jump at least 43 percent in Korea

YouTube raised the prices of its Premium subscription service by nearly 43 percent — and up to 71.5 percent for some — in Korea,...

Korea logs sixth month of surplus, largest in two years

Korea logged a current account surplus for the sixth consecutive month in October on a trade surplus that was helped by a jump in...

Foreigners become net buyers of Korean stocks in November, end 3-month selling streak

Foreign investors of Korean stocks were net buyers last month after three months of being net sellers, having purchased a net 3.3 trillion won...

Twitch exits Korea, leaving opening for Naver

Twitch, a San Francisco-based streaming service owned by Amazon, is pulling out of Korea due to expensive networking fees. While local users and streamers mourn...

Korean battery makers grow fearful as U.S. overhauls IRA subsidy program

A red alert has gone off for Korean battery makers as the United States released specific requirements on its Inflation Reduction Act (IRA) subsidy...

Korea and Japan re-establish $10 billion currency swap deal

Korea and Japan officially struck a $10 billion currency swap deal Friday. The announcement comes eight years after the end of the two countries'...