Search result for Korea
As a result of the fire, users of the popular Korean website Kakao saw their stock price drop.
After a fire at a data center on Saturday cut off electricity and caused many service faults, Kakao, a major player in South Korea's internet industry, saw its stock price plunge on Monday. Korea's two major internet businesses, Kakao and Never, both have their servers housed at the SK C&...
Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.
This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...
Important lessons from loosening regulations for foreign investment
To attract international investment, banking regulators in South Korea have unveiled a new set of rules, one of which is the elimination of the country's decades-old investor registration system. As of the end of June 2022, foreign investors own around 30.7% of the local stock market, as repo...
Record numbers of imported vehicles sold in 2022.
According to industry sources, Friday's record-breaking number of roughly 300,000 imported car sales was fuelled by pent-up demand for luxury cars during the coronavirus outbreak. In 2022, the Korea Automobile Importers and Distributors Association reported that sales of imported car brands r...
Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.
The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...
Researchers propose a novel approach to lessen garment discards.
On Wednesday, the Korea Research Institute of Chemical Technique announced the development of the world's first technology to recycle textile waste by turning unwanted fiber into useable materials. To separate recyclable components from textile waste, a team of scientists lead by KRICT senior...
In Nigeria, Daewoo E&C has opened a new construction instruction facility.
Daewoo E&C, a construction firm in South Korea, announced on Friday that as part of a community service initiative, it has opened a vocational school to educate future generations of welding and scaffolding specialists. Daewoo E&C announced that it has opened a training center in Nigeria,...
Korea's leader has pledged to take the initiative in bringing supply chain stability to the world.
Thursday (local time), President Yoon Suk Yeol gave a special address at the World Economic Forum (WEF) in Davos, Switzerland, promising that Korea would play a leading role in facilitating international cooperation and solidarity, which he emphasized as the key solutions to addressing the variou...
The Korean Stock Market Is Expected to Raise in 2023, and You Need to Know How to Invest in It.
This closed-end fund has outperformed its benchmark over the past decade and trades at a significant discount of almost 15%. The expense ratio is also reasonable. When compared to international stock markets, Korean stocks have a forward price-to-earnings ratio that is relatively low. In addition...
Threat from North Korea's missile testing, nuclear ambitions cited by South Korean leader
South Korean President Yoon Suk Yeol warned Tuesday that North Korea's increasing number of missile tests, its developing nuclear goals, and other provocative activities represent a major threat that might lead to a disastrous miscalculation and trigger a wider confrontation. While playing do...
Players in South Korea's electric vehicle battery market are aiming for the world's best.
Puddles of all sizes could be seen all over the ground around a massive steel structure that was thickly embedded with millions of steel beams because of the rain that had wetted most of the clay soil on the ground. Nonetheless, many of the 800 engineers and construction employees had shown up fo...
The Year 2022's Hottest Korean Fashions
The latest trends in Korean fashion are typically praised as among the best in the industry. Korean style is gaining worldwide attention as Seoul develops into a major fashion hub. Just a few short years ago, Korean fashion was mostly ignored, but now it is frequently cited as a source for cuttin...
The initial shipment of Pfizer's Covid-19 pills has arrived in South Korea.
On Thursday, Pfizer started shipping its antiviral Covid-19pills to South Korea for use on individuals with moderate or severe symptoms. To combat what could be another outbreak of diseases caused by the highly contagious omicron variety, health officials have hailed the Paxlovid pills as a poten...
Response Strategies Developed by China and Korea Against COVID-19
After receiving a report from the Central Disease Control Headquarters titled "The COVID-19 Trend in China and Response Plan," the Central Disaster and Safety Countermeasures Headquarters (CDSCHQ) discussed the implications of the epidemic (headed by Korea Disease Control and Prevention...
The IPO for SK Pharm TECO has been delayed until 2024.
On Wednesday, key officials from the firm and SK affiliates indicated that owing to market volatility, the IPO of SK pharm TECO, a California-based contract research and manufacturing organization under Korean conglomerate SK Inc., will be delayed at least until 2024. CEO of SK pharm TECO Joerg A...
Danuri's on-board camera catches a glimpse of the lunar region that remains in perpetual darkness.
On Thursday, the Korea Aerospace Research Institute (KARI) announced that images were taken by the Korean-built Danuri lunar orbiter of an area of the moon that never receives sunlight. A snapshot of the Shadow Cam gadget installed in the Danuri was posted to the website of Arizona State Universi...
The Korean government is pursuing third-party reparations for Japan's wartime atrocities.
Reparations for Koreans who were forced into war labour by Japanese colonial authorities between 1910 and 1945 have been all but abandoned by the Korean government. A representative of the Ministry of Foreign Affairs said on Thursday during an open forum on the issue at the National Assembly in S...
South Korea will extend its quarantine period for people with Covid.
On Friday, Prime Minister Han Duck-soo said that South Korea would extend the current seven-day quarantine mandate for Covid-19 patients for four more weeks. This is because to concerns that easing the obligation could hasten a reappearance of the virus. Han stated in a virus response meeting tha...
When new cases of COVID-19 appear, South Korea increases its booster injections.
As new cases of COVID-19 start popping up all throughout South Korea, health officials there are deciding to offer booster doses to everybody aged 50 and up. The 40,226 new cases recorded on Wednesday were the biggest daily increase in over two months, despite constant numbers for both hospitaliz...
For the purpose of justifying its recent restrictions on Chinese tourists, South Korea has released some startling Covid figures.
On Tuesday, South Korea responded to criticism that its Covid limitations for Chinese tourists amount to "discrimination" by noting that more than half of its imported cases originate in China. Deputy head of the Korea Disease Control and Prevention Agency Seung-ho Choi told CNBC that u...