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Tuesday, April 23, 2024

BUSINESS

U.S. will extend chip exemptions for Samsung, SK hynix

A high-ranking U.S. Commerce Department official has indicated that Samsung Electronics and SK hynix can maintain their chip business in China, at least for...

Stocks close lower amid worsening Korea-China relations ahead of FOMC

Stocks finished lower Monday on foreign selling, as investors remain keen on the Federal Open Market Committee's (FOMC) rate-setting meeting this week. The won...

Former Samsung executive charged for leaking secrets in China

A former Samsung Electronics executive has been charged for allegedly leaking at least 300-billion-won ($232.7 million) worth of trade secrets to build a copycat...

Korea shifts to current account deficit in April

Korea returned to a current account deficit in April, dragged down by a jump in overseas travel and foreign dividends. However, the goods balance...

OpenAI CEO open to investing in Korean startups

Sam Altman, CEO of OpenAI, the company behind the groundbreaking ChatGPT, said he is willing to invest in Korean startups and collaborate with bigger...

Netflix co-CEO Sarandos to visit Korea on June 20

Ted Sarandos, co-CEO of the streaming giant Netflix, is coming to Korea on June 20 to meet with Prime Minister Han Duck-soo and other...

Genesis BBQ opens first branch in Michigan

Genesis BBQ opened its first branch in the state of Michigan on Wednesday, expanding its reach in the United States. It marks the company's expansion...

Won rises as Fed expected to pause rate hikes

The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations...

Samsung Biologics’ new production plant to be ready by April 2025

Samsung Biologics’ upcoming $1.5-billion production plant will be ready for operation by April 2025, five months earlier than previously expected, according to the pharmaceutical...

Government to spend 64 trillion won on promoting service exports

The government will pour 64 trillion won ($49.2 billion) into promoting service exports over the next five years, in a bid to bring the...