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BUSINESS

BUSINESS

Samsung’s Q3 operating profit hit by weakness in chips

Samsung Electronics expects to report a sharp decline in operating profit for the third quarter as its mainstay semiconductor business took a hit from...
BUSINESS

Foreign reserves dip but BOK says not to worry

Korea’s foreign reserves fell for the second month in a row in September.  The Bank of Korea said foreign reserves fell to $416.8 billion as...
BUSINESS

SoftBank’s Son does not offer Arm to Samsung Electronics: Sources

SoftBank Group CEO Masayoshi Son, right, and Samsung Electronics Vice Chairman Lee Jae-yong,left, enter the Korea Furniture Museum in central Seoul in 2019...
BUSINESS

Hyundai Motor EV sales in U.S. drop after IRA ends credit

Hyundai Motor EV sales in the United States have fallen since the Inflation Reduction Act (IRA) went into effect. The company sold 1,306 Ioniq 5s...
BUSINESS

Korean tech stocks hit 52-week lows after U.S. big tech shares dive

Korean tech stocks hit new 52-week lows following sharp falls of U.S. tech shares overnight. Samsung Electronics traded at 51,800 won ($36) at 9:55 a.m., a...
BUSINESS

Global streaming wars put Korean competitors in a tough spot

Disney+ holds a media day ahead of its introduction to Korea in October 2021. Global streaming services are slashing their subscription fees...
BUSINESS

Time to play hardball with U.S. on chips and cars, Yang says

Korea failed to negotiate effectively with the United States on chips and cars, and the country's diplomats and legislators are to blame, one lawmaker...
BUSINESS

[NEWS ANALYSIS] Korean solar focuses on U.S. market as it feels heat at home

Solar panels installed in Sinan County, South Jeolla Solar energy companies will likely enjoy significant tax benefits and increased demand for solar...
BUSINESS

Com2uS to release Summoners War: Chronicles in North America in November

The image of Com2uS's latest MMORPG Summoners War: Chronicles Com2uS will release its latest online game Summoners War: Chronicles in the North...
BUSINESS

Bank of Korea signals a change in stance after Fed’s big hike

A board at KB Kookmin Bank in Yeouido shows the won at 1,409.7 won against the dollar on Thursday after weakening 15.50 won...
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