Mirae Asset Securities, a leading brokerage house in Seoul, reported robust earnings in the third quarter, largely buoyed by the strong performance of overseas units. In its earnings report on Thursday, the brokerage firm said its operating profit more than doubled to 370 billion won ($265 million) in the July-September period compared to a year ago, while its net profit soared to 290 billion won, almost tripling on-year. The company attributed the upbeat earnings to the growth of its foreign su

Should the threat of deepfakes mean the end of school graduation albums? We asked our readers

Krafton, the South Korean gaming giant behind the popular title PUBG: Battlegrounds, on Thursday posted record-breaking financial results for the third quarter of 2024, fueled by strong demand for its flagship game and ongoing investments in artificial intelligence. The company reported third-quarter revenue of 719.3 billion won ($516.18 million) and an operating profit of 324.4 billion won, reflecting year-over-year increases of 59.7 percent and 71.4 percent, respectively. This strong performan

Donald Trump's second presidency is unsettling the chip industry globally, after the outspoken leader had publicly threatened during his campaign to cut subsidies for chipmakers and raise tariffs on foreign firms. South Korea, home to the world’s top two memory chip-makers, is no exception. Experts suggest that Korea should leverage its strengths in artificial intelligence chips and further bolster ties with the new US administration. One of the imminent concerns is the possibility of

President would not rule out sending weapons to Ukraine

The export-reliant Korean economy is bracing for Donald Trump’s return to the White House, with the energy and high-tech sectors here expected to bear the brunt of the US policy shift centered on his trade protectionism and the rollback of Joe Biden's green energy push. Korea’s Finance Minister Choi Sang-mok said on Thursday he expected considerable changes in external economic conditions in the wake of President-elect Donald Trump's victory over Vice President Kamala Harri

South Korean stocks finished slightly higher to end a two-session losing streak Thursday as investors scurry to gauge the potential impact of the upcoming President-elect Donald Trump administration's policy on key sectors like semiconductors, EV batteries and shipbuilding. The Korean won edged down against the US dollar. After opening slightly lower, the benchmark Korea Composite Stock Price Index added 1.12 points, or 0.04 percent, to close at 2,564.63. Trade volume was moderate at 447 mi

NK issues not priority for Trump amid 2 wars, China rivalry

Acclaimed French playwright and director Joel Pommerat, celebrated with nine Moliere Awards, has brought one of his original productions to Korea for the first time. His 2020 production “Tales and Legends,” set in a near future that features androids, is onstage at the LG Arts Center from Thursday to Sunday. While several of Pommerat’s works, such as “This Child” and “The Reunification of the Two Koreas,” have been translated and performed in Korea by lo

The import of French beef to Korea resumed for the first time in 24 years on Monday, with the French embassy in Korea and French experts touting it as a good opportunity for Koreans to enjoy diverse and quality meat produced in a sustainable way. Of the 22 kinds of beef produced across France, the country’s most representative and common Charolais beef is to be sold in Korea, both frozen and refrigerated. France, the largest producer of beef among EU countries with 17 million heads of catt

President Yoon Suk Yeol on Thursday apologized to the public for causing worry over escalating concerns regarding an election interference scandal involving Yoon and his wife Kim Keon Hee, but defended her, saying she did not meddle in state affairs. "No president is giving an excuse. It's all my fault," Yoon said. Yoon's first public apology since his inauguration in May 2022 came at a press conference held in an apparent bid for a breakthrough in his policy reform drive. He has been

Seoul likely to face mounting pressures, from increased defense costs and trade tariffs to calls for a tougher stance on China, observers say

Trump tells Yoon that NK provocation, including missiles, trash balloons, GPS jamming, 'unbelievable'

Defense, shipbuilding shares jump; currency fluctuates at 1,400 won

Outlook mixed for fate of EV subsidies; Worries grow over higher tariffs