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A senior US official on Thursday portrayed South Korean companies' reported move to stop selling used semiconductor manufacturing equipment to China as "encouraging," as Washington has been seeking tighter export controls on key technologies amid an intensifying Sino-US rivalry. Alan Estevez, unde...
While the possibility of the US Federal Reserve cutting its base rate three times this year has sent Seoul shares higher, the Bank of Korea is likely to start bringing down its key rate in July, experts viewed. Through a two-day Federal Open Market Committee meeting, the US Fed maintained its benc...
Industry Minister Ahn Duk-geun said Thursday the government will proactively support the semiconductor industry, and accelerate the development of high-bandwidth memory and artificial intelligence chips to achieve the annual export target of $120 billion. "The government will support the timely es...
The Bank of Japan's first interest rate hike in almost two decades has rattled the global economy, yet it may not have as much of an impact in South Korea, at least not for a while. The central bank of Japan on Tuesday announced it is lifting its short-term policy rate to a range of 0 to 0.1 perce...
Though plagued by emptied-out stores and quiet streets in the wake of the pandemic, the Myeong-dong area in central Seoul is looking to reclaim its title as the top retail district in Korea, seeing a sharp drop in its vacancy rate. Myeong-dong, a major tourist destination here, was hit severely by...
By Marc Van de Walle A New Year is always a time to reflect on the previous year, what we might learn from it and then apply these learnings going forward. What better time for reflection than now, as we usher in the Year of the Dragon, considered one of the most auspicious creatures in the Chines...
Hana Financial Group announced Wednesday the introduction of its 365 Day Hana Child Care initiative, aiming to tackle South Korea’s declining birth rate by offering reliable back-up child care options. An inauguration ceremony took place at a child care center in Nowon-gu, northern Seoul, on Tues...
Hanjin Logistics said Wednesday it has signed an initial pact with a Mongolian company to explore business opportunities in the East Asian country's logistics market. Under the memorandum of understanding signed in Seoul on Tuesday, Hanjin Logistics and Mongolia's comprehensive logistics firm Tuus...
Thailand has long remained an untapped market for South Korean financial firms since the exodus of the financial crisis in the late 1990s. Now Kakao Bank, the nation’s No. 1 Internet-only bank, is eyeing an expansion into the burgeoning digital banking market in Southeast Asia's second-largest eco...
One in 10 couples who tied the knot in South Korea last year included a partner of foreign nationality. The growing number of international marriages helped the total number of newly married couples last year to rebound for the first time in 12 years. The number of international marriages stood at...
The South Korean government and local banks on Tuesday pledged to jointly invest 452 trillion won ($337.4 billion) until 2030 to tackle the climate crisis. The move aligns with the country's intensified efforts to achieve carbon neutrality by 2050 and bolster domestic firms' competitive edge in ov...
DAO Research Institute, operator of pet service platform Tuggle, signed a memorandum of understanding with the city government of Goyang, Gyeonggi Province, and the Yourside volunteer group to collaborate on developing pet-related industries, officials said Tuesday. The memorandum was to ensure th...
Korea Water Resources, the state-run water management agency, announced Monday that it has partnered with Vietnam’s National Center for Water Resources Planning and Investigation to address the country's water concerns and mitigate against climate change impacts. The collaboration was formalized ...
South Korea's antitrust regulator has launched an on-site inspection into over-the-top streaming platforms Netflix and Wavve on suspicions of their failure to properly notify users of terms of an early subscription cancellation, officials said Monday. The Fair Trade Commission (FTC) sent inspector...
Of particular interest are opportunities in the lithium industry, where Chile aims to leverage its position as a global leader in lithium reserves. With plans to adopt direct extraction technology and move up the value chain to produce value-added lithium products, collaborations with Korean compa...
Samsung opens AI TV experience zone in Singapore Changi Airport
Daughter of late Samsung chairman becomes Samsung C&T president
Hana Financial teams up with Credit Agricole to expand presence in Europe
City Oil Field to export oil coverted from waste plastic to Vietnam
Baemin pays out W400b in dividends to Delivery Hero
Banks rush to cough up misselling compensation