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Wednesday, February 21, 2024

BUSINESS

Posco International net profit rose 12.5% on year in 2023

Posco International, the general trading and energy arm of Korean steel giant Posco Holdings, said Tuesday its net profit rose 12.5 percent on year...

Hyundai pleads with U.S. to provide exemptions for ‘unrealistic’ IRA

Hyundai Motor called on the U.S. government to provide a temporary Inflation Reduction Act (IRA) exemption, stating that not sourcing raw materials from China...

Korean shares soar 1.34% Friday following overnight tech boost on Wall Street

Shares soared more than 1.3 percent Friday as big-cap chip shares rallied following an overnight tech boost on Wall Street. The local currency edged up...

Galaxy S24 first look: Translation is a letdown, but Circle to Search is handy

Look for the stars when summoning AI on your Galaxy S24. A bundle of little stars — sometimes three, sometimes four — will appear on...

Korean shares plunge as hopes fade for early Fed rate cut

Shares plunged nearly 2.5 percent Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon, and over uncertainties on...

Korean stocks plummet as Kim Jong-un calls for war

Shares slid more than 1 percent Tuesday as escalating geopolitical tensions surrounding the Korean Peninsula weakened investors' appetite for risky assets. The local currency...

Korea shows signs of exports-led economic recovery

Korea is experiencing an exports-led economic recovery, the Ministry of Economy and Finance said in its monthly report. "Signs of an economic recovery centering on...

[CES 2024] Ballie vs. Q9: Samsung and LG unveil AI home robots

  LAS VEGAS — "Hey, I used to have smartphones, now the kids will have robots!" Anthony Gooran, who works for a robotics company in San...

[CES 2024] Future cars? No steering wheel. Moving sideways like a crab.

LAS VEGAS — Cars with no steering wheels. Vehicles that make diagonal turns and crab walks. With many mysterious-looking cars making their debut at CES...

A bit more coin

  Bitcoin rallied past $47,000 for the first time in 21 months on Tuesday, helped by the optimism that the U.S. Securities and Exchange Commission...