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Wednesday, July 16, 2025

KOREA

Alarm spreads as most top Korean firms stagnate

Most of Korea’s top firms have stagnated, as well as backtracking in management and employment, amid multiple global crises, raising alarms of slowing growth...

Samsung’s Taylor plant to make Groq’s AI chips on 4nm nodes

Samsung Electronics will manufacture Groq’s AI chips at its Taylor factory in Texas using its improved yield rate of 4-nanometer process nodes. This is the...

North confirms it has U.S. soldier, claims he defected due to racism

North Korea said Wednesday that an American soldier crossed into its territory last month because of “inhuman maltreatment and racial discrimination” in the U.S....

Ministry aims to double international student body by 2027

Korea wants to double its international student body in the next four years, the education minister said Wednesday. “The plan is to attract as many...

July travel at nearly 84 percent of pre-Covid levels

The number of air passengers in July 2023 recovered to nearly 84 percent of the level before the Covid-19 pandemic, government data showed on...

Grocery prices in Korea feel impact of heat, rain double whammy

The recent heavy rainfall and heat waves sweeping across Korea have driven up grocery prices, further weighing down household budgets. Ms. Lee, a 54-year-old housewife...

U.S. confirms unfrozen Iranian funds to be used for humanitarian purposes

Iranian funds recently released from Korea will be used for humanitarian purposes, an official of the U.S. State Department said Monday. “Iran’s accounts in other...

Yoon stresses ‘partnership’ with Japan on Liberation Day

President Yoon Suk Yeol called Korea and Japan "partners" who share similar values and interests and stressed the importance of trilateral security cooperation with...

British scouts build memories at Legoland Korea

More than 600 British Jamboree Scouts visited Legoland Korea Resort in Chuncheon, Gangwon, on Saturday. Some 630 British Scouts took part in various activities to...

Global investment banks anticipate sluggish Korean economy

Global investment banks estimate Korea’s economic growth will average 1.9 percent next year, down from the 2 percent projected in June, according to the...