South Korea’s major telecom company KT Corp. and the country’s leading financial newspaper The Korea Economic Daily have teamed up to scout out the country’s next unicorns with promising artificial intelligence technologies expected to innovate the country&rsquo
17 HOURS AGO
Samsung Electronics Co., the world’s largest memory chipmaker, has unveiled the industry’s first 24 gigabit (Gb) graphics DRAM chip, optimal for next-generation AI computing.The South Korean tech giant said on Thursday that the graphics double data rate 7 (GDDR7) DRAM
14 HOURS AGO
South Korea’s professional baseball league games enjoyed record-high attendance of more than 10 million this year thanks to the growing number of female away team fans in their 20s, credit card data showed on Thursday.The number of away team fans, supporters of the teams op
15 HOURS AGO
South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and No. 1 automakers, respectively, are teaming up via their affiliates to accelerate the development of humanoid robots with artificial intelligence.Hyundai’s US robotics unit Boston Dynamics Inc. and Toyota Research Institute (TRI) said on Thursday they agreed to join forces, combining two of the world’s leaders in AI and robotics, to
16 HOURS AGO
South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and No. 1 automakers, respectively, are teaming up via their affiliates to accelerate the development of humanoid robots with artificial intelligence.Hyundai’s US robotics unit Boston Dynamics Inc. and Toyota Research Institute (TRI) said on Thursday they agreed to join forces, combining two of the world’s leaders in AI and robotics, to
16 HOURS AGO
Private debt remains attractive for South Korean pension and big asset owners, although they may offer lower yields than before given recent interest rate cuts by major economies. Still, private credit and lending are expected to outperform other asset classes for some time as the US Fed and other major central banks will likely lower interest rates in a measured manner, said chief investment officers and alternative investment heads of Kore
19 HOURS AGO
LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, is targeting the functional cosmetics market with bio-materials derived from vegetable oil as it seeks new growth drivers.LG Chem unveiled a plan on Thursday to develop products using fully bio-based 3-hydroxypropionic acid (3HP) as a raw material for functional cosmetics for the first time in the world. 3HP is produced by fermentation of microorganisms in plant-based raw mate
18 HOURS AGO
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Point Mobile
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BJ BIOCHEM
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M&A
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MARKETS
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South Korea’s financial exposure to real estate has nearly doubled over the past decade, with lending to households making up about half. The trend is raising concerns that such risk could further grow now that Asia’s No. 4 economy has joined major economies on a monetary easing cycle. According to Bank of Korea (BOK) data obtained by t
Oct 13, 2024 (Gmt+09:00)
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Central bankBOK flags more rate cuts but in gradual, small steps
South Korea’s central bank is open to more cuts in interest rates after its first rate reduction in more than four years on Friday but only in slow and gradual steps largely due to the country’s still-high household debt. “From where we stand now, (the policy interest rate) sits above our neutral interest level by any model, so th
Oct 11, 2024 (Gmt+09:00)
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Korean stock marketForeign appetite for Korean stocks wanes with $5.5 billion in September sales
Foreign investors' appetite for South Korean stocks turned sour with sales of 7.36 trillion won ($5.5 billion) worth of shares on the Korean bourse in September – the second straight month of foreign net selling.According to Financial Supervisory Service data on Friday, foreigners sold 7.9 trillion won in shares on the main Kospi market, whil
Oct 11, 2024 (Gmt+09:00)
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Sovereign bondsKorea to join FTSE Rusell bond index for $66 bn inflows
South Korea will be included in a global major bond index next year to attract an estimated $66 billion in capital inflows to Asia’s fourth-largest economy and boost its ailing won currency.FTSE Russell, the global index subsidiary of London Stock Exchange Group, said on Tuesday that South Korean government bonds will be added to the FTSE Wor
Oct 09, 2024 (Gmt+09:00)
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CULTURE & TRENDS
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Food & BeverageParis Baguette opens 600th overseas store in Canada for global expansion
Oct 15, 2024 (Gmt+09:00)
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PERSPECTIVES
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The KED ViewLight up visibility of Korean tech firms on global stage
Jul 10, 2024 (Gmt+09:00)
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