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BUSINESSJul 27Nvidia, SK Group ink over $500B partnership amid South Korea's $950B ​AI initiativesNvidia and SK Group have formed a partnership exceeding $500 billion, aligning with South Korea's $950 billion AI initiatives. This indicates a massive investment and collaboration in artificial intelligence technology.Seeking Alpha Tech
BUSINESSJul 27South Korea's Naver rallies after Nvidia unveils $1B strategic investmentSouth Korea's Naver has seen its stock rally following Nvidia's announcement of a $1 billion strategic investment. This significant investment is boosting confidence in Naver.Seeking Alpha Tech
BUSINESSJul 27Asian stocks rise as Iran tensions ease ; Japan , South Korea lead gainsAsian stock markets are rising, with Japan and South Korea leading gains, due to easing tensions involving Iran. This indicates a positive economic response to de-escalating geopolitical risks.businesstimes.com.sg · Singapore
BUSINESSJul 24South Korea’s SK Group chief ordered to pay ex-wife US$644 million in record divorce caseA ⁠South ⁠Korean court ⁠on Friday ordered SK Group Chairman Chey Tae-won to pay his former ‌wife Roh Soh-yeong 944 billion won (US$644 million) in a divorce-related property division case, lower than a previous 1.38 trillion won ⁠award that had drawn scrutiny of his stake in the group’s holding company. If finalised, the ruling from the Seoul High Court would be South Korea’s most expensive divorce ever. Chey is worth about US$5.6 billion, according to the Bloomberg Billionaires Index, with his...South China Morning Post
BUSINESSJul 24South Korean unions use new labour rules to push envelope on bonus demandsBarely four months into its implementation, South Korea’s new labour-friendly law is coming under growing scrutiny as workers’ demands for bonuses tied to a fixed percentage of corporate profits spread across the country. If left unchecked, critics warn, the revised Trade Union and Labour Relations Adjustment Act – commonly known as the Yellow Envelope Act – could fuel labour disputes, create uncertainty for businesses and threaten an economy that is only beginning to recover. At the heart of...South China Morning Post
BUSINESSJul 23Kospi jumps 9 % in 3 days after big crash . Is South Korea stock market heading for another rally ? The Kospi stock market has seen a 9% rise in three days following a major crash, prompting speculation about another rally. This indicates significant volatility and investor interest in the South Korean market.economictimes.indiatimes.com · India
BUSINESSJul 23South Korean labour unions push for higher payouts after Samsung’s US$400,000 bonusLabour unions are rallying across South Korea after Samsung Electronics caved in to protests and agreed to hand out bonuses of more than US$400,000 to some of its employees. Just this week, assembly-line workers at Hyundai Motor staged a three-day partial strike as they seek up to 30 per cent of consolidated profit to be set aside for bonuses. Meanwhile, unions at HD Hyundai Heavy Industries and telecoms operator LG Uplus want payouts equivalent to at least 30 per cent of operating profit, while...South China Morning Post
BUSINESSJul 22China Merchants Securities drops South Korea ETF as Seoul stock volatility spills overA leading Chinese brokerage house has ended market making for the mainland’s only South Korea-focused exchange-traded fund (ETF), as Beijing steps up efforts to stabilise its capital markets and protect retail investors amid volatility in its East Asian neighbour’s stock market. Shenzhen-headquartered China Merchants Securities withdrew as a liquidity provider for the Huatai-PineBridge China-Korea Semiconductor ETF barely a month after assuming the role on June 17, according to Shanghai Stock...South China Morning Post
BUSINESSJul 21Asian shares mostly gain and South Korea and Japan recover some losses from AI stock sell - offsAsian stock markets generally saw gains, with South Korea and Japan showing recovery from previous AI-related stock sell-offs. This indicates a positive shift in market performance.news4jax.com · United States
BUSINESSJul 21South Korean economy likely slowed in Q2 after robust Q1 growth : Reuters pollA Reuters poll suggests that South Korea's economy likely experienced a slowdown in the second quarter after robust growth in the first quarter.finance.yahoo.com · United States
BUSINESSJul 21Bargain Hunting May Boost South Korea SharesBargain hunting is expected to potentially boost South Korea's stock market.finanzen.ch · Switzerland
BUSINESSJul 20South Korea Kospi drops 4 . 5 % as some AI stocks swoon , while oil keeps climbingSouth Korea's Kospi index experienced a 4.5% decline due to a downturn in some AI stocks, while oil prices continued to rise. This indicates significant shifts in both technology sector valuations and global energy markets.sitkasentinel.com · United States
BUSINESSJul 20Blackstone invests in South Korea’s Futronic, valuing robotics supplier at $676M - reportSeeking Alpha Tech
BUSINESSJul 20Oil jumps , South Korea shares sink on AI sell - off | The Asahi Shimbun : Breaking News , Japan News and AnalysisOil prices saw an increase while South Korean shares experienced a decline, attributed to a sell-off in artificial intelligence-related stocks. This reflects current volatility and trends in global financial markets.asahi.com · Japan
BUSINESSJul 20South Korea Kospi drops nearly 5 % as some AI stocks swoon ,... South Korea's Kospi index has dropped nearly 5%, influenced by a decline in some AI stocks. This indicates a notable downturn in the country's stock market, particularly affecting the artificial intelligence sector.semissourian.com · United States
BUSINESSJul 20South Korea Kospi drops nearly 5 % as some AI stocks swoon , while oil keeps climbingThe South Korea Kospi index dropped significantly due to a decline in some AI stocks, while oil prices continued to rise. This reports on notable movements in international financial markets.news4jax.com · United States
BUSINESSJul 20'Give me my money back': South Korean traders' leveraged SK Hynix, Samsung bets unravel after selloffSouth Korean retail investors suffer heavy losses after Samsung and SK Hynix shares reverse sharply.CNBC
BUSINESSJul 20Beggar’s banquet: South Korea’s young consumers turn extreme budgeting into a gameFor South Korea’s young budget-conscious consumers, finding a meal for less than 8,000 won (US$5.40) – at a time when a typical meal out in major cities can easily cost 12,000 won or more – has become more than a money-saving exercise. Crowdsourced platform Geoji Map has turned the search for ultra-cheap meals into a viral online activity. Its name, which literally translates as “Beggar Map”, reflects a broader Korean slang trend of using “beggar” humour to describe surviving on a tight...South China Morning Post
BUSINESSJul 18Why the AI Chip Boom Just Forced South Korea to Raise Interest RatesThe article explores how the boom in AI chips has compelled South Korea to raise interest rates. It highlights the economic impact of technological advancements on monetary policy.ibtimes.com · United States
BUSINESSJul 18How South Korean hypermarket chain’s fall reflects ‘time-poor’ consumer demandsHomeplus was once a retail haven for millions of South Korean families who shopped for groceries and household goods regularly at its cavernous hypermarkets. But that ritual over almost three decades ended this week when the company closed all its remaining 67 operating outlets nationwide after suspending 37 others earlier as part of its restructuring. The sudden closure of South Korea’s second-largest hypermarket chain reflects not only its financial distress, but also a decline of the shopping...South China Morning Post
BUSINESSJul 17‘Gateway to Asean’: South Korea bets on Vietnam hub for food expansionSouth Korean food exporters are no longer treating Vietnam as just another market for kimchi, instant noodles and premium fruit. As Southeast Asia emerges as one of South Korea’s most important trading regions, Seoul is positioning Vietnam as a logistics and distribution base for a wider push to turn the popularity of Korean culture into sustained demand for Korean food across the region. But analysts said the strategy would depend on more than Hallyu-driven curiosity, with exporters needing to...South China Morning Post
BUSINESSJul 16AI memory, chip stocks dip again as South Korean peers slump despite strong TSM resultsStocks for AI memory and chips experienced a dip, mirroring a slump in South Korean peers despite positive results from TSM. This indicates a notable trend in the technology and semiconductor market.Seeking Alpha Tech
BUSINESSJul 16South Korea Central Bank Raises Interest Rates To 2.75%Consumer prices climbed 3.2 percent in June from a year earlier, partly due to higher energy costs and supply chain disruptions linked to conflict in the Middle East. The post South Korea Central Bank Raises Interest Rates To 2.75% appeared first on Channels Television.Channels TV
BUSINESSJul 16South Korea KOSPI Plunges 6 . 49 % as Chip Selloff Triggers Trading Halt and Wipes Out Prior Day RallyThe South Korean KOSPI index plunged significantly, triggering a trading halt due to a chip selloff and erasing gains from the previous day. This represents a major event in the financial markets.ibtimes.com.au · Australia