Business

Seoul shares open nearly flat on lingering U.S. debt ceiling concerns

Stocks started nearly unchanged Wednesday amid protracted U.S. debt-ceiling negotiations. The benchmark Kospi fell 0.11 points to 2,480.13 in the first 15 minutes of trading. On...

Meta to lure advertisers with new AI technology

Meta hopes to lure back advertisers with its latest artificial intelligence (AI) technology by helping them make the best Facebook and Instagram Reels to...

Instant noodle makers fill up on surging U.S. sales

The popularity of instant noodles in the U.S. drove an earning surprise in the first quarter this year in major food companies, including Nongshim. Nongshim’s U.S....

Round-trip airfare from LA to Korea skyrockets to $3,000

Prices for Korean airline tickets to South Korea are skyrocketing with the summer season just around the corner. A round-trip economy class flight to South...

Samsung’s Lee Jae-yong meets Tesla’s Elon Musk to talk tech

Samsung Electronics Executive Chairman Lee Jae-yong and Tesla CEO Elon Musk met at the headquarters of Samsung Electronics Device Solutions America in Silicon Valley...

400% surge in South Korean tourists coming to U.S. this year

There has been a significant increase in Korean tourists visiting the United States this year. Even more Koreans are expected to travel to the...

Google’s Korean Bard accelerates local tech companies’ AI race

Google’s decision to launch a Korean version of its generative artificial intelligence chatbot, Bard, will likely put local tech companies on edge as they...

Google competes with Samsung in foldable market

Google released its first foldable smartphone, Pixel Fold, during its annual I/O developer conference on Wednesday. The latest release put the tech giant in direct...

U.S. to extend wavier for S. Korean firms from chips export curbs on China: industry chief

The United States is expected to extend a one-year waiver for South Korean chipmakers from its restrictions on sending semiconductor-related tools to China "for...

Kakao to launch AI chatbot service targeting businesses

Kakao has thrown down the gauntlet in the enterprise-grade generative artificial intelligence market as it aims to tap into the growing demand for ChatGPT-like...