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Saturday, October 1, 2022

BUSINESS

Korean tech stocks hit 52-week lows after U.S. big tech shares dive

Korean tech stocks hit new 52-week lows following sharp falls of U.S. tech shares overnight. Samsung Electronics traded at 51,800 won ($36) at 9:55 a.m., a...

Global streaming wars put Korean competitors in a tough spot

Disney+ holds a media day ahead of its introduction to Korea in October 2021. Global streaming services are slashing their subscription fees...

Time to play hardball with U.S. on chips and cars, Yang says

Korea failed to negotiate effectively with the United States on chips and cars, and the country's diplomats and legislators are to blame, one lawmaker...

[NEWS ANALYSIS] Korean solar focuses on U.S. market as it feels heat at home

Solar panels installed in Sinan County, South Jeolla Solar energy companies will likely enjoy significant tax benefits and increased demand for solar...

Com2uS to release Summoners War: Chronicles in North America in November

The image of Com2uS's latest MMORPG Summoners War: Chronicles Com2uS will release its latest online game Summoners War: Chronicles in the North...

Bank of Korea signals a change in stance after Fed’s big hike

A board at KB Kookmin Bank in Yeouido shows the won at 1,409.7 won against the dollar on Thursday after weakening 15.50 won...

[BREAKING] Another 0.75 Percentage Point Rate Hikes by Fed

Federal Reserve decided its thrid consecutive rate hikes of 0.75%p lifting the benchmark of federal funds rate to a range between 3% and 3.25%,...

Airlines in Korea to increase fuel surcharges in October

Airline fuel surcharges for international flights will rise next month after a brief fall, with the weak won as much to blame as high...

Korean industry chief to visit U.S. to discuss EV tax credit, chips bills

Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new...

Google and Meta hit with huge fines for violating privacy in Korea

Google and Meta Platforms have been fined a total of 100 billion won ($72 million) for violating a privacy law. Unhappy with the decision, the...
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