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Friday, July 26, 2024

BUSINESS

[Breaking] Fed made another giant steps, raised 0.75%p

The Fed decided another interest rate hikes, by 0.75 percentage points, the sixth increase this year to combat against inflation, and signaled to continue...

Seoul shares open lower on dim U.S. tech earnings, Fed uncertainties

Stocks opened lower Friday, weighed by lackluster earnings and forecasts from major U.S. tech companies, with uncertainties hanging over the Federal Reserve's next move...

Korea on track to hit 2.6 percent 2022 GDP growth target

Containers stacked at a dock in a port in Busan on Oct. 3 Korea’s economy grew by 3.1 percent in the third...

Lee Jae-yong appointed chairman of Samsung Electronics

Lee Jae-yong speaks at a Samsung Electronics chip factory in Pyeongtaek, Gyeonggi on May 20 when U.S. President Joe Biden and President Yoon...

Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...

Mirae Asset Group invests in Musk’s Twitter takeover

Mirae Asset Financial Group will invest $212 million in Elon Musk's $44 billion acquisition of Twitter, according to electronic disclosures and local media reports.   Mirae Asset...

Legoland Korea rocks debt markets and surprises government

Entry of the troubled Legoland in Chuncheon, Gangwon, on Monday. The government on Sunday announced a 50 trillion won liquidity program in stabilizing...

Kakao service crash puts crack in company’s dominance as users branch out

After Kakao’s services crashed over the weekend, its messenger users are broadening their horizons and completely switching to or signing up for additional message...

HYBE shares rise as world contemplates company sans BTS

HYBE rose 4.8 percent in trading Tuesday, the day after the company said that a member of BTS would be enlisting in the army...

Shock, anger and action as Kakao’s tech fails dramatically

The dramatic failure of Kakao services over the weekend left users wondering about a company on which they have become dangerously dependent and the...