South Korea Financial News

The Nifty gained 1.1% or 270.75 points to close at 24,484.05 while the Sensex advanced 1.1% or 901.5 points to close at 80,378.13.

North Korean troops have clashed for the first time with Ukrainian forces in Russia's war against Ukraine, as per the New York Times with the report also stating that the troops are occupying a portion of Kursk region in Russia.

South Korea’s privacy watchdog has fined Meta 21.6 billion won for illegally collecting Facebook users’ sensitive personal information, including data about their political views and sexual orientation, and sharing it with thousands of advertisers for ...

Shares are mostly higher in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D

Subscribe to enjoy similar stories. SEOUL—Kim Jong Un tried peace talks and refrained from testing new weapons to shed North Korea’s status as a pariah state. Now he is doubling down on rogue behavior to get what he wants.

France, Germany, Italy, Japan, and Spain shared the second place, granting their citizens visa-free access to 192 countries, as per the latest rankings. The United States ranked 8th, giving its citizens visa-free entry to 186 countries.

US presidential election polling data showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ delayed a hike in output. The greenback dropped against most major currencies such as the yen and the Australian dollar in early Monday trading, while 10-year Treasury futures rose.

For some television viewers, size apparently does matter

Apple CEO Tim Cook’s Diwali greetings feature Delhi photographer’s iPhone snapshot. Take a lookA latest report from South Korea-based ETNews suggests that Apple will use LTPO technology across all four iPhone 17 models, with display panels supplied by Samsung and LG.LTPO, which stands for Low-Temperature Polycrystalline Oxide technology, has become the standard not only among Android flagships but also in mid-range devices.

United States flew a long-range bomber in a trilateral drill with South Korea and Japan on Sunday in response to North Korea's recent test-firing of a new intercontinental ballistic missile designed to strike the U.S. mainland, South Korea's military said. North Korea on Thursday tested the newly developed Hwasong-19 ICBM, which flew higher and stayed in the air longer than any other missile it has fired. North Korean leader Kim Jong Un called it «an appropriate military action» to cope with external security threats posed by its rivals.

Choe Son Hui, in a Moscow meeting with Russian Foreign Minister Sergei Lavrov, accused the United States and South Korea of plotting a nuclear strike against her country. She did not provide evidence to back her assertion, but spoke of regular consultations between Washington and Seoul at which she alleged such plotting took place. Choe, who said the situation on the Korean Peninsula could become «explosive» any moment, told Lavrov that North Korea needed to strengthen its nuclear arsenal and perfect its readiness to deliver a retaliatory nuclear strike if necessary.

Samsung Electronics Co. is poised to account for about half of South Korea’s economic growth this year, making its biggest contribution on record, Bloomberg Economics said, in commentary that underscores the company’s significance in an economy that ebbs and flows with the global semiconductor industry. Samsung is South Korea’s largest company, accounting for about 8% of manufacturing output and 17% of the main stock index’s total market capitalization. Based on the gross profit its South Korea-based units generates, the company will likely be responsible for 1.1 percentage points of the 2.2% growth that the economy is expected to post this year, BE economist Hyosung Kwon said Friday in an analysis based on a series of data available since 2008. The report underscores the importance of Samsung’s efforts to secure orders for high-bandwidth memory from Nvidia Corp. and other developers of computer processors that power artificial intelligence development. It also highlights the concentration of clout that Samsung has over Asia’s fourth-largest economy after global demand for memory chips increased.

Samsung Electronics has reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter

Samsung Electronics on Thursday reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter. The South Korean technology giant said its operating profit for the July-September period increased by more than 277 per cent from a year earlier to 9.18 trillion won (USD 6.65 billion). But the figure represented a 12 per cent decline from the second quarter, which Samsung attributed largely to one-off costs, such as provision of employee incentives in its computer chip business, and the effects of a weaker US dollar.

Korean Peninsula, after Pyongyang said it had test-fired one of its most powerful missiles to boost its nuclear deterrent. The launch was North Korea's first weapons test since being accused of sending soldiers to Russia. South Korea's military said its «initial judgement» was that the projectile may have been a «new solid-propelled long-range ballistic missile».

Subscribe to enjoy similar stories. At the 39th ASEAN Roundtable, hosted by a research institute in Singapore on October 28th, the room was split. With Asia riven by an assertive China and a protectionist America, some attendees called for hard-headed thinking about trade-offs.

Asian shares are mostly declining amid uncertainty ahead of the United States presidential election next week

Global markets are mostly lower after a rally in technology stocks propelled the Nasdaq composite to a record high

Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging and its stock was rising toward an all-time high. Now, South Korea’s biggest company has become a stark example of how quickly fortunes can turn in an industry where the spoils go to those who maintain a technological edge. As concerns mount that the company is losing out to smaller rival SK Hynix Inc. in AI memory and failing to gain on Taiwan Semiconductor Manufacturing Co. in outsourced chipmaking, Samsung shares have tumbled 32% from this year’s peak on July 9. The company has lost $122 billion of market value in that span, more than any other chipmaker worldwide.

Tejas Mark-1A jets for the Indian Air Force (IAF) has been delayed due to issues in the supply of engines by General Electric (GE), giving another blow to its already depleted operational capabilities, TOI reported. The delivery of the jets, initially scheduled for 2024-25, will now see only two to three jets instead of the promised 16, according to TOI sources. Hindustan Aeronautics (HAL) faces a delay of around two years as GE has promised to supply the engines by March 2025. The deal for these 83 single-engine jets was signed in February 2021 and amounted to Rs 46,898 crore.

Asian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose to a record. In late US trading, Alphabet Inc. climbed more than 5% as the Google parent’s earnings beat estimates, while Advanced Micro Devices Inc. sank 7% amid a lackluster revenue forecast.