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Won-to-dollar exchange rate jumps to 1,320 on US consumer price figures The South Korean foreign exchange market is reeling from the impact of US price indicators, with the exchange rate once again rising above 1,320 won to the dollar.On Monday, the won-to-dollar exchange Tue, 28 Feb 2023 16:59:03 GMT
S. Korea’s Naver to unveil enhanced AI specialized in non-English languages this July South Korean internet giant Naver is joining the race to make more useful forms of artificial intelligence following the enthusiastic response to the ChatGPT natural language chatbot.Naver will be lau Tue, 28 Feb 2023 16:53:00 GMT
Is importing US equipment, investing in China about to get harder for Korean chipmakers? Attention is mounting after a US government official revealed that South Korean semiconductor companies in China may face difficulties in importing semiconductor equipment in the future. These comment Mon, 27 Feb 2023 16:44:02 GMT
Bank of Korea forgoes further rate hikes for first time in a year The Bank of Korea left its key interest rate unchanged at 3.50%, marking the first break from hikes in a year. The central bank also lowered both its inflation and economic growth forecasts for this y Fri, 24 Feb 2023 17:13:42 GMT
Korea confronts more severe export slump than other nations South Korea remains mired in a trend of poor export performance.After recording a 16.6% decline in export dollar value in January compared with the same month in 2022, South Korea saw its average dail Thu, 16 Feb 2023 17:30:17 GMT
Will Chinese EV battery maker skirt Inflation Reduction Act by teaming up with Ford? Reports say that US automaker Ford will soon be announcing plans to build a US$3.5 billion factory for electric vehicle batteries, challenging the assumption that South Korean battery manufacturers wo Mon, 13 Feb 2023 16:31:40 GMT
IMF’s dim forecast for Chinese economy sounds alarm for S. Korea The International Monetary Fund warned that China’s economic growth rate could fall below 4% within the next five years.While China’s growth rate will enjoy a “reopening” rebound this year as it resum Mon, 06 Feb 2023 17:42:22 GMT
Samsung joins forces with Google, Qualcomm to take on Apple in extended reality Samsung Electronics has announced it’s collaborating with Qualcomm and Google to create an extended reality (XR) ecosystem with high growth potential. With Apple already expected to release its first Fri, 03 Feb 2023 17:52:42 GMT
S. Korea posts record-high $12.69B trade deficit for January South Korean exports continued a four-month slide with a large drop in figures for the first month of 2023 amid a slump for semiconductors and other major items.The balance of trade registered its big Thu, 02 Feb 2023 16:43:24 GMT
Relationship between Korea, China already competitive, not complementary South Korea and China have already shifted from a complementary and coupled relationship to a competitive relationship in the area of exports, a new study finds. Furthermore, the two countries’ export Thu, 02 Feb 2023 16:27:40 GMT
Samsung posts excruciating Q4 for semiconductor division Samsung Electronics’ semiconductor division only reported 20.07 trillion won in consolidated revenue in the fourth quarter of 2022, down 24% year over year, giving up the No. 1 position in the world t Wed, 01 Feb 2023 17:14:50 GMT
Low birth rate to be biggest factor in crises Korea will face this decade Working-age South Koreans (aged 15 to 64) represented 71% of the total population in 2022, which was higher than China (69%), the US (64.9%) and Japan (58.5%). But that fact is predicted to change sig Sun, 29 Jan 2023 09:34:02 GMT
Hyundai-Kia ranks as No. 4 seller in European EV market, hot on Tesla’s tail The Hyundai Motor Group recorded double-digit market shares last year in the electric vehicle (EV) markets in 10 major European countries, including Germany.The company was also found to have sold the Thu, 26 Jan 2023 16:37:24 GMT
Demand for eco-friendly ships surge, with Korea fielding 54% of world’s LNG ship orders Amid surging orders of eco-friendly ships, the category made up more than 60% of global ship orders last year.Eco-friendly ships refer to those that use green fuels such as liquefied natural gas (LNG) Fri, 06 Jan 2023 17:13:50 GMT
Growing number of Korean firms leaving China to reshore An increasing number of Korean companies that had factories in China are reshoring their operations. This trend is attributed to the worsening investment environment, as can be seen in slow economic g Fri, 06 Jan 2023 17:11:21 GMT

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