South Korean stocks soared 2 percent Wednesday as tech, secondary battery and other market heavyweights rallied following overnight gains on Wall Street. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 52.73 points, or 2.01 percent, to 2,675.75. Trade volume was moderate at 319 million shares worth 10.06 trillion won ($7.34 billion). Winners outpaced losers 610 to 270. Institutions and foreign investors combined bought a net 855.3 billion won, w

South Korea's investment in the US increased about 1.8 times last year compared to the pre-COVID-19 period as major conglomerates set up large-scale facilities in the eastern part of the country, a report from a business lobby group showed Wednesday. According to the report published by the Korea Chamber of Commerce and Industry, the total Korean investment in the US stood at $27.7 billion last year, up 75 percent from $15.8 billion in 2019. Large conglomerates like Samsung Electronics, SK

South Korean robotics startup WIRobotics aims to transform the walking experience via its award-winning wearable robot WIM, made lighter and more convenient for everyday use, the company's chief said Wednesday. "We believe humans will be able to enhance walking and physical abilities with the assistance of the interactive robotics technology, and have thought wearable robots will be optimal," WIRobotics CEO and Chief Technology Officer Kim Yong-jae said at the press conference in

Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates -- Samsung, SK, Hyundai Motor and LG -- posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Institute, a corporate data firm. Samsung Group, the country's biggest conglome

South Korean stocks opened stronger Wednesday as investors snapped up blue chips across the board following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index climbed up 46.43 points, or 1.77 percent, to 2,669.45 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 1.2 percent and the tech-heavy Nasdaq jumped 1.59 percent, while the Dow Jones Industrial Average gained 0.69 percent, as tech heavyweights lifted the broader US stock market.

이르면 6월부터 육･해･공군 각군 본부가 위치한 계룡대 내에서 아이폰 사용이 전면 금지될 것으로 보인다. 최근 아이폰 사용자들도 별도의 앱을 통해 통화녹음이 가능해지면서 늘어난 기밀 유출 우려에 따른 조치이다. 23일 다수의 군관계자들에 따르면 지난 11일 공군본부는 인트라넷망을 통해 ‘전기능차단제한장비’를 불허한다는 내용의 공문을 전파했다. 공군본부는 “녹음기, 레코드 등 앱을 통한 대화나 회의 내용 녹음 뿐만 아니라 개인 통화 녹음 등 모든 음성데이터 저장”을 통제한다는 지침과 함께 “각종 사업공고, 공적민원, 잔여상담, 개인소통 등의 통화녹음이 필요한 부분까지 차단이 불가피하다”고 밝혔다. 공문 한 편에는 “아이폰 반입 통제”라는 문구가 명시돼 있다. ‘전기능차단제한장비’란 카메라와 녹음 등 일부 기능을 차단하는 권한을 요청하는 서드파티앱을 허용하지 않는 전자기기를 지칭한

South Korean stocks finished slightly lower Tuesday as foreign investors took profit despite overnight gains on Wall Street. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 6.42 points, or 0.24 percent, to 2,623.02. Trade volume was moderate at 316 million shares worth 9.43 trillion won ($6.84 billion). Winners, however, outpaced losers 671 to 403. Foreign investors sold a net 288.8 billion won, while institutions and individuals combined bought a

Samsung Electronics, the world’s largest memory chip maker, said Tuesday it kicked off the mass production of its one-terabit triple-level cell vertical NAND, or V-NAND, which is about 50 percent denser and 10 percent more energy efficient than its predecessor that launched in 2022. “We are excited to deliver the industry’s first 9th-gen V-NAND which will take future applications leaps forward. To address the evolving needs for NAND flash solutions, Samsung has pushed the bou

South Korea’s military is considering a comprehensive ban on iPhones in military buildings due to increasing concerns about possible leaks of sensitive information through voice recordings, according to multiple military sources on Tuesday. The sources, a group of ranking officers who wished to speak on condition of anonymity, said that the Air Force headquarters released an internal announcement on the military's intranet server on April 11, instructing a complete prohibition on any

South Korean stocks opened slightly higher Tuesday as investors picked up tech and auto shares following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index edged up 4.4 points, or 0.17 percent, to 2,633.84 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 0.9 percent and the tech-heavy Nasdaq jumped 1.1 percent, while the Dow Jones Industrial Average gained 0.7 percent, as investors looked forward to positive first-quarter corporate e

Investors of the two Korean chip makers – Samsung Electronics and SK hynix -- dumped their shares Monday after Nvidia, the US chip giant, lost almost 10 percent Friday -- its worst day since March 2020. Market heavyweight Samsung Electronics and its chip rival SK hynix opened weaker in the day compared to Friday’s closing. Samsung and SK hynix fell 1.93 percent and 0.98 percent, respectively, to end trading at 76,100 won ($55.14) and 171,600 won on the country’s benchmark Kospi

South Korean stocks rose over 1.4 percent Monday as financial, auto and other blue chips advanced after last week's overall market decline amid eased tensions in the Middle East. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 37.58 points, or 1.45 percent, to close at 2,629.44. Trade volume was moderate at 389 million shares worth 10.85 trillion won ($7.86 billion), with winners outpacing gainers 659 to 226. Lee Kyung-min, an analyst at Da

About 70 percent of those newly hired by small and medium-sized enterprises here are aged at least 40, government data showed Monday, highlighting the younger population’s tendency to avoid smaller companies and the country's overall rapid aging. Of the 25.3 million people newly hired by the small and medium-sized companies in South Korea in 2023, 7.8 million were in their 20s or 30s. Those in their 20s accounted for 13.5 percent of new hires, while those in their 30s took up 17.4 per

South Korean stocks opened higher Monday as investors scooped up financials, bios and other blue chips following last week's overall market decline amid eased tensions in the Middle East. The benchmark Korea Composite Stock Price Index gained 32.11 points, or 1.24 percent, to trade at 2,623.97 in the first 15 minutes of trading. Financial stocks led the overall bullish market, with KB Financial surging 5.49 percent and Shinhan Financial soaring 5.39 percent. Bio shares also gained strong mo

Doubts have been raised over Samsung Group’s latest decision to make the executives of its key tech affiliates -- Samsung Electronics, Samsung SDI, Samsung SDS and Samsung Display -- work an extra day per week as part of the group's emergency measures to tackle ongoing business uncertainties. Critics pointed out that the six-day workweek for executives is "outdated and inefficient," and that it lies in contrast to other local Big Tech firms who are following the global trend