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Business
UK pumps brakes on Korean Air-Asiana merger, citing monopoly concerns
UK competition authorities are putting the brakes on a merger between Korean Air and Asiana Airlines.The authorities asked the airlines to present solutions for predicted “monopoly” concerns, includin
Wed, 16 Nov 2022 17:23:55 GMT
Samsung begins production of 1TB V-NAND memory
Samsung Electronics announced Monday that it had begun mass production of the 1-terabit eighth-generation Vertical NAND (V-NAND), the world’s fastest and most capacious chip.Back in 2013, Samsung deve
Wed, 09 Nov 2022 16:39:26 GMT
Lee promises “new” Samsung as chairman, but plethora of issues remain unclear
After serving as vice chairman for 10 years, Lee Jae-yong has succeeded his father Lee Kun-hee as chairman of Samsung Electronics. Lee has been acting as the de facto chairman of Samsung since his fat
Fri, 28 Oct 2022 15:01:48 GMT
Samsung heir Lee Jae-yong promoted to chairman
Lee Jae-yong was promoted to executive chairman of Samsung Electronics on Thursday. His promotion comes 31 years after he joined the company, and 10 years since he ascended to the role of vice chairma
Fri, 28 Oct 2022 14:59:11 GMT
S. Korea braces for impact of low growth in China after 25T won in trade surplus goes up in smoke
A country that creates a new economy the size of Greece’s every 11.5 weeks — that’s how Jim O’Neill, then the UK commercial secretary to the treasury, described China in 2012.Ten years later, the situ
Mon, 24 Oct 2022 16:35:15 GMT
Mass service outage exposes drawbacks of tech giant Kakao’s empire in Korea
A fire broke out in an underground electrical room of SK C&C’s data center in Pangyo on Saturday afternoon, causing a mass service outage for companies, namely Naver and Kakao, with servers housed
Mon, 17 Oct 2022 16:50:49 GMT
Samsung, SK Hynix granted 1-year waivers from US chip controls on China
Samsung Electronics and SK Hynix have recently been allowed to supply the necessary equipment for their semiconductor production facilities in China for the next year without seeking prior US Departme
Thu, 13 Oct 2022 17:20:45 GMT
BOK’s “big step” puts key rate at 3% for first time in 10 years
The Bank of Korea has taken another “big step” rate hike, raising the base interest rate to 3% for the first time in 10 years. The central bank has been frantically raising interest rates to stabilize
Thu, 13 Oct 2022 17:15:59 GMT
Kimchi goes global in Times Square ad campaign
“Personally, I like kimchi. I especially like eating it as a side dish at Korean restaurants. Nowadays, it’s easy to buy kimchi in New York or anywhere.” “The texture is good, it’s healthy and refresh
Thu, 13 Oct 2022 17:11:11 GMT
Government tiptoes around 3 red flags in S. Korea’s economy in pitch to investors
The South Korean government has been tweaking its “economic sales” approach amid growing fears of crisis with high prices and high exchange and interest rates.In its briefing of foreign institutions i
Thu, 13 Oct 2022 17:05:51 GMT
US-China trade war fuels S. Korea-Taiwan chip competition in US
Since the start of the US-China trade war, the gap between Korea and Taiwan in the US import market has narrowed, while the two countries’ export similarity index has increased. This is the result of
Wed, 12 Oct 2022 17:00:15 GMT
Won, stocks dip on anticipation of “big step” rate hike
The KOSPI fell below 2,200 points once again on Tuesday, while the won-dollar exchange rate rose sharply by nearly 23 won, nearing its previous high. US employment indicators released last week shook
Wed, 12 Oct 2022 16:54:45 GMT
S. Korea has 8th largest foreign reserves in world — or is it an optical illusion?
Countries use different accounting standards for their declarations of foreign exchange reserves. South Korea bases its declaration on value at the time of acquisition, but some countries use market v
Fri, 07 Oct 2022 17:07:48 GMT
S. Korea posts US$19.6B drop in foreign reserves, second-largest plunge on record
South Korea’s foreign exchange reserves declined by close to US$20 billion last month, when the won-dollar exchange rate rose above 1,400 won. That’s the biggest drop in the reserves since the 2008 fi
Fri, 07 Oct 2022 17:00:42 GMT
S. Korea sees record US$21.5B in FDI pledges as of September
Despite investment uncertainty stemming from interest rate hikes, rapid fluctuations in the exchange rate, and economic slowdown, foreign direct investment (FDI) in Korea continues to increase. This c
Thu, 06 Oct 2022 17:16:38 GMT
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Editorial・opinion
[Column] A year and a half of Yoon’s foreign, security policies has added to Korea risk
[Column] Korea’s diaspora discrimination
[Column] Climate hypocrisy by rich nations
[Editorial] Korea’s Supreme Court once again rules Japanese firms must directly compensate forced labor victims
[Editorial] With right-hand man as interim PPP leader, Yoon to solidify grip on party
[Editorial] Pope’s OK’ing of blessings for same-sex couples should be wake-up call for Korea
[Column] China’s insistence on “bright prospects” is stifling its economy
[Column] Chun Doo-hwan and Roh Tae-woo, Yoon Suk-yeol and Han Dong-hoon
[Column] Yoon’s oblivious diplomacy ended in expo rout – will it also fail to respond to N. Korea’s nukes?
[Column] Yoon’s war on Korea’s free press earns him headlines in global news outlets
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Korea’s top constitutional expert predicts Yoon will be dismissed from office
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[Column] Giving Yoon the benefit of the doubt
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Korea’s steel industry could buckle under Trump’s tariff war
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Human rights watchdog draws criticism for recommending guarantees for Yoon’s right to defense
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‘Deeply mortified’: Moon apologizes to Koreans for enabling Yoon’s rise
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[Editorial] Choi’s ulterior motives for Seoul police chief appointment
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[Interview] South Korea’s Moon Jae-in has his regrets
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[Column] Trump may have won, but Yoon will lose
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[Editorial] Yoon’s prison politicking sounds a lot like a call to defy court
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How China used Korean pop culture for ‘cultural security,’ both before and after banning it