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KOREA

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...
KOREA

PPP suspends Lee Jun-seok again

The People Power Party’s ethics committee suspended former chairman Lee Jun-seok from the party for one year in addition to a six-month suspension announced...
KOREA

North fires two more missiles as world tries to react

The U.S. Navy’s aircraft carrier USS Ronald Reagan, front, and South Korean Navy ships Munmu the Great and Gangwon steam in formation in...
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...
KOREA

Biden tells Yoon in letter that IRA discussions will continue

    U.S. President Joe Biden sent a letter to President Yoon Suk-yeol reassuring him that discussions will continue over Korean concerns about the Inflation Reduction...
KOREA

Yoon Suk-yeol warns of ‘resolute’ response after North Korea’s IRBM launch

President Yoon Suk-yeol answers questions from reporters at the presidential office in Yongsan District, central Seoul, on Tuesday. President Yoon Suk-yeol warned...
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...
KOREA

Georgia gives recognition to Korean veterans

Anti-Corruption and Civil Rights Commission Chairperson Jeon Hyun-heui, center, poses with Georgia State Senator Ed Harbison, left, and State Representative Bill Hitchens who...
KOREA

U.S. reaffirms commitment to defense of South Korea after North’s missile launch

U.S. Vice President Kamala Harris, right, looks at North Korea from Observation Post Ouellette inside the demilitarized zone separating Korea at the western...
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