Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest …
Samsung Electronics' semiconductor business posted record second-quarter revenue and operating profit driven by AI server memory demand, but its foundry operations lag TSMC and its mobile business swu…
Samsung Electro-Mechanics reported record quarterly revenue of 3.46 trillion won ($2.4 billion) for April-June, up 24% year-over-year, driven by demand for multilayer ceramic capacitors (MLCCs) for AI…
Hyundai Motor Group has hired Kwon Jung-hyun, a former Samsung Electronics executive and Nvidia autonomous driving software veteran, to lead its Autonomous Driving Development Center. Kwon will overse…
Apple plans to unveil its first AI smart glasses at WWDC in June 2027, joining Samsung in challenging Meta's 85.2% market share in the global AI smart glasses market, according to industry sources. Sa…
South Korea's First Vice Finance Minister Lee Hyoung-il chaired discussions with financial authorities after the US Federal Reserve held its benchmark interest rate at 3.5-3.75 percent for the fifth c…
Seoul shares opened higher Thursday, with the KOSPI up 0.35% to 5,683.09, as investors sought bargains after a sharp decline amid AI spending concerns. The index had plunged 5.98% on Wednesday followi…
Samsung Electronics posted a record 89.5 trillion won ($61.9 billion) in operating profit for the second quarter, driven by the AI-driven memory boom, with revenue reaching 171.5 trillion won, up 28 p…
South Korean President Lee Jae Myung's government has launched an ambitious industrial policy strategy to promote semiconductors, AI infrastructure, robotics and other frontier industries, with combin…
Bill Gates is planning to visit South Korea as early as next month for meetings with Prime Minister Han Seong-sook, industry sources said Wednesday. Gates' team recently requested a meeting with the p…
SK hynix reported record second-quarter revenue of 79.32 trillion won ($54.8 billion), up 256.8% on-year, and operating profit surged 557.2% to 60.54 trillion won, with an operating margin of 76%. The…
KT Corp. held its fourth Customer Listening Forum on Wednesday in Seoul, inviting 14 foreign residents from 10 countries to gather feedback on telecom service challenges, as the company expands suppor…
Sixteen single-stock leveraged ETFs launched in South Korea in May, at the peak of an AI-driven memory chip boom, have amplified volatility in Samsung Electronics, SK hynix, and the broader Kospi inde…
Krafton released its new audio foundation model A.X K2 Raon-Speech on Hugging Face, a 21-billion-parameter model that ranked first among Korean models and third among English-language models with fewe…
Seoul shares opened sharply higher Wednesday, with the KOSPI rising 2.23 percent to 6,157.90, as investors went bargain hunting after a 10.84 percent plunge the previous session driven by a sell-off i…
SK hynix reported a record quarterly operating profit of 60.54 trillion won ($41.6 billion) for the second quarter, a 557.2% surge from a year earlier, driven by rising memory prices for AI servers. R…
SK hynix reported a 557% jump in second-quarter operating profit to a record 60.5 trillion won ($41.62 billion), driven by AI chip demand, but missed the LSEG SmartEstimate forecast of 64 trillion won…
Taiwan's Coast Guard Administration said Tuesday it worked with the U.S. to break up an attempt to smuggle high-end chips, highlighting expanding maritime cooperation as China steps up pressure in the…
South Korea's first investment project in the U.S. under a bilateral trade deal is likely to be a combined cycle power plant to meet electricity demand from AI data centers, government sources said Tu…
South Korea's KOSPI index crashed 10.84% to close at 6,023.66 on Tuesday, its lowest since April 14, driven by a heavy tech selloff amid growing skepticism over large-scale AI infrastructure investmen…