US stocks and bitcoin soar on Trump trade, South Korea misses out
3 days ago · With uncertainty over the country’s leadership resolved, the so-called Trump trade went into full swing, with stocks, the dollar and bitcoin prices rising sharply. The South Korean stock market, however, was largely left out of this full-scale “Trump rally” when it opened the following day on Nov. 7. The benchmark KOSPI index inched up by ...
Editorial: S. Korea secures major wins in global nuclear ...
6 days ago · The party has reportedly raised concerns about the Czech nuclear export, labeling it a “money-losing venture” and asserting that of the 24 trillion won ($17.39 billion) project cost, 15 trillion won ($10.87 billion) would be funded by South Korean financial institutions at low, long-term interest rates, which they argue would yield limited ...
China waives visa for S. Koreans, signaling diplomatic shift
Nov 4, 2024 · China waives visa for S. Koreans, signaling diplomatic shift. China’s recent decision to waive visa requirements for South Korean citizens marks a strategic shift aimed at strengthening diplomatic and economic ties, while setting the stage for a potential high-level summit next year. /News1. The Chinese government’s recent announcement to ...
North Korea launches SRBMs hours before U.S. presidential ...
6 days ago · North Korea launched short-range ballistic missiles (SRBMs) into the East Sea, marking the latest in a series of missile provocations just five days after its Hwasong-19 ICBM test on Oct. 31. This latest launch, occurring only hours before the U.S. presidential election begins at 2 p.m. (Korea time), is seen as an effort to assert its presence ...
Coupang's Q3 revenue hits all-time high as user base grows
5 days ago · Excluding Farfetch revenue ($439 million), Coupang’s revenue was around $7.43 billion, up 25% from the same period last year. Operating profit stood at $109 million, a 29% increase from $87.5 million a year ago, or a 25% rise in dollar terms. Farfetch is a global luxury fashion platform, which Coupang acquired in January this year.
S. Korean builder signs 20 tn won nuclear plant contract in ...
6 days ago · South Korea’s leading construction firm, Hyundai Engineering & Construction (E&C), announced on Nov. 4 that it had signed a design contract with Bulgaria’s state energy agency to build the Kozloduy nuclear power plant, a project valued at 20 trillion won (approximately $14.49 billion). Hyundai E&C, in a consortium with Westinghouse, secured ...
Popularity Spike: the swift rise and fall of Korea's ...
Nov 4, 2024 · South Korea has witnessed a rise in so-called “thunderbolt stars”—celebrities who attain fame and wealth almost overnight, often through platforms like YouTube and Netflix. But as quickly as they rise, their popularity usually plummets at the first sign of controversy. “It’s almost as if the public has been waiting for someone to rise ...
Korean-produced ‘The Great Gatsby’ musical to debut in West ...
3 days ago · The Korean-produced musical “The Great Gatsby,” which has been making waves on Broadway, is set to debut in London’s West End, one of the world’s top theater hubs, next April. The show will hold its preview at the London Coliseum, the largest theater in the West End with 2,359 seats, on April 11, with the official opening scheduled for ...
S. Korea's semiconductor industry calls for flexible working ...
Nov 4, 2024 · South Korea’s semiconductor industry is pressing to ease working-hour restrictions on R&D staff, citing a talent shortage driven by population decline and a rising preference for medical studies. As a key driver of the national economy, the sector faces both a chronic skills gap and the constraints of the 52-hour workweek, fueling concerns ...
Hyundai and Kia face new rival as BYD enters S. Korea's EV market
5 days ago · China's EV powerhouse BYD is gearing up to enter South Korea, bringing budget-friendly electric models that could pressure local giants Hyundai and Kia in an already cooling market. The above image is BYD's Seal, a midsize sedan. /News1. Chinese electric vehicle giant BYD is set to shake up South Korea’s auto market as it prepares to launch ...