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Friday, October 18, 2024

BUSINESS

Korean investors making bets on the yen

Korean investors are buying up yen to take advantage of the Japanese currency's weakness. They are eyeing foreign exchange gains if the yen stages...

High labor costs lead owners in Korea to choose unmanned shops

Unmanned ice cream shops, which proliferated during the pandemic, are easy targets for thieves. But high labor costs mean owners would rather have a...

Samsung SDI, GM to build $3 billion battery plant in Indiana

Samsung SDI and General Motors (GM) will jointly invest at least $3 billion to build an electric vehicle (EV) battery plant in Indiana, the...

Korean, Chinese consumers show hostility as tensions rise

With the relations between China and South Korea hitting new lows almost on a daily basis, consumers in each country are avoiding one another's...

IBM to release updated AI system called ‘watsonx’ in July

IBM will release its updated AI system called "watsonx" in July both at home and abroad, targeting the fast-growing demand for large-scale, generative AI. The...

U.S. will extend chip exemptions for Samsung, SK hynix

A high-ranking U.S. Commerce Department official has indicated that Samsung Electronics and SK hynix can maintain their chip business in China, at least for...

Stocks close lower amid worsening Korea-China relations ahead of FOMC

Stocks finished lower Monday on foreign selling, as investors remain keen on the Federal Open Market Committee's (FOMC) rate-setting meeting this week. The won...

Former Samsung executive charged for leaking secrets in China

A former Samsung Electronics executive has been charged for allegedly leaking at least 300-billion-won ($232.7 million) worth of trade secrets to build a copycat...

Korea shifts to current account deficit in April

Korea returned to a current account deficit in April, dragged down by a jump in overseas travel and foreign dividends. However, the goods balance...

OpenAI CEO open to investing in Korean startups

Sam Altman, CEO of OpenAI, the company behind the groundbreaking ChatGPT, said he is willing to invest in Korean startups and collaborate with bigger...