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 In...

Silver lining? Some analysts see a silver lining: the end of the Ukraine war, viewed by Seoul as the key link between Pyongyang and Moscow, could reduce North Korea’s reliance on Russia and likely diminish military cooperation between the two countries. “If North Korea sees itself as less valuable to Russia, it may start to engage with other countries, such as China, Japan or the US. Given this...

In addition, a Korean production of Pommerat’s “The Reunification of the Two Koreas” is set for its second run from Nov. 16 to 24 at the Minsong Art Hall in Daehangno, the theater district of Seoul. Directed by Seo Ji-hye and staged by the Project Island theater group, the play explores love through 17 short stories, with Seo adding a final scene not in the original script, according to Project ...

French Ambassador to Korea Philippe Bertoux told reporters that French beef imports mean more than reopening the logistics. “After a little over one year of starting my post here as an ambassador, I learned that Korea and France share many things in common — one of them is that both countries love to enjoy grilled beef and spend good time over good food. Today, we’re very excited to have French ...

Also, Yoon referred to his former political consultant, Myung Tae-kyun -- a central figure behind the spiraling political scandal involving the Yoon family -- as "one of hundreds of people" who congratulated him on winning the 2022 presidential election. A voice recording of Yoon and Myung, which the main opposition Democratic Party of Korea revealed on Oct. 31, indicated that Yoon had told a se...

Seoul’s strategy Experts advise South Korea to adopt a flexible, issue-specific approach to navigating the US alliance under Trump, recognizing that American pragmatism will prioritize transactional interests over close-knit alliances, with little expectation of preferential treatment. Min Jeong-hun noted, “Trump, in particular, is deeply committed to fulfilling his promises as president, with ...

South Korean President Yoon Suk Yeol said Thursday that he and US President-elect Donald Trump agreed to “meet at an early date” to discuss possible resolutions on North Korean provocation and the prosperity of the alliance, in a 12-minute phone call held early in the day. "We talked for some 10 minutes on the phone at 8 a.m. I, of course, offered him my congratulations first and discussed sever...

With Donald Trump winning the US presidential election, the “Trump trade” flowed into the South Korean stock market, with shares of defense and shipbuilding firms surging. The value of the local currency against the US dollar dropped to a two-year low. Shares of defense companies jumped, with investors anticipating robust earnings on the potential for escalated geopolitical risks. Furthermore, K...

Korean automakers and battery-makers now face the daunting task of coping with a second Donald Trump administration, as they try to prepare various measures to weather the storm of uncertainties expected from the next president of the United States. Throughout his election campaign, Trump has openly criticized the Joe Biden administration’s Inflation Reduction Act and its Advanced Manufacturing ...

Hyundai Motor Group has outpaced Volkswagen Group in the third-quarter profit, edging closer to claiming the world’s second-largest carmaker title this year for the first time. From June to September, Hyundai Motor Company, Kia and Genesis posted 69.4 trillion won ($49.7 billion) in sales revenue and 6.5 trillion won in operating profit. Volkswagen Group reported higher sales of 78.5 billion eur...

The 85-minute performance is directed by Park, whose unique career path spans roles as a ballerino, photographer and visual artist. “Beyond photography and video, I used chairs as objects on stage to symbolize wandering. Additionally, three dancers will perform, creating a poetic atmosphere that complements the music," explained Park, who said he connected with the theme due to his diverse backg...

Coupang founder and CEO Bom Kim announced on Thursday plans to sell 15 million shares valued at some $360 million — his first sale since Coupang’s New York Stock Exchange debut on March 15, 2021. He also plans to donate an additional 2 million shares to charity. Kim currently owns 174,802,990 Class B shares and the shares he plans to sell represent almost 9.7 percent of the total holding. The Cl...

As Donald Trump returns to the White House for a second term, the world is reminded of his high-stakes, often unpredictable approach to diplomacy, especially regarding the Korean Peninsula. During his first term, Trump navigated one of the most volatile relationships in US foreign policy with North Korea, combining tough sanctions, blunt rhetoric and unprecedented summits. Trump's administration...

Choi Jae-boong, a professor of mechanical engineering at Sungkyunkwan University, shared a similar view on India’s potential in the digital era, highlighting the role of artificial intelligence in reducing costs and increasing business scalability. Choi emphasized that digital transformation enables businesses to connect with global consumers and fosters what he called a “fandom economy,” where ...

SINGAPORE , Nov. 7, 2024 /PRNewswire/ -- XtalPi (2228.HK) has announced a strategic partnership with Indonesia's powerhouse, led by one of its prominent business pillar Sinar Mas Multiartha. This landmark collaboration is set to transform the future of artificial intelligence (AI) and robotics across the Asia-Pacific region. By establishing an ambitious joint venture, the alliance will int...