SEOUL, July 24 (Korea Bizwire) – South Korean chipmaking giant SK hynix Inc. said Thursday its second-quarter operating profit surpassed 9 trillion won (US$6.53 billion) for the first time, driven by booming demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM). In a regulatory filing, the company reported an operating profit of a [...]
SEOUL, July 24 (Korea Bizwire) — President Lee Jae Myung met with Samsung Electronics Co. Chairman Lee Jae-yong on Thursday, the presidential office said, expected to discuss a range of trade and investment issues amid trade negotiations between Seoul and Washington. “President Lee continued his meeting with business leaders this week, following last week’s engagement,” [...]
SEOUL, July 24 (Korea Bizwire) — Police investigating allegations of fraudulent stock deals by Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, raided the company’s headquarters in Seoul on Thursday. The Seoul Metropolitan Police Agency said it sent investigators to Hybe’s head office in the Yongsan district in the morning to seize materials related [...]
SEOUL, July 24 (Korea Bizwire) — The National Museum of Korea announced Thursday it will launch a new exhibition this week on a Korean-born marathoner’s record-breaking Olympic victory during the 1910-45 Japanese colonial period. Set to open Friday under the title “The Radiant Strides, Moving the World,” the exhibition will celebrate the achievements of the [...]
SEOUL, July 23 (Korea Bizwire) — South Korea’s industry ministry said Thursday it has launched a private-public consultative body to strengthen technological partnerships between the military and the private sector. The body’s first meeting took place in Seoul earlier in the day, attended by officials from the military, academia and domestic defense companies, the Ministry [...]
SAMCHEOK, South Korea, July 24 (Yonhap) — The eastern South Korean city of Samcheok and the Premier League giants Manchester City announced Thursday they have reached an agreement aimed at enhancing youth football development and coach education. According to Samcheok, located in the southernmost part of Gangwon Province on the east coast, the partnership deal [...]
SEOUL, July 24 (Korea Bizwire) — President Lee Jae Myung on Thursday held separate phone calls with his counterparts in Germany and Uzbekistan, his office said, to discuss strengthening bilateral cooperation. During his call with German Chancellor Friedrich Merz, Lee highlighted the strong relationship between the two nations. Merz agreed, noting that Germany and South [...]
SEOUL, July 24 (Korea Bizwire) — National Security Adviser Wi Sung-lac said Thursday he has met with senior officials of the Donald Trump administration during his recent visit to the United States to support ongoing trade negotiations as the tariff deadline looms. In a press notice, Wi said he accompanied Trade Minister Yeo Han-koo for [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s central bank said Thursday it will sell up to 8 trillion won (US$5.83 billion) worth of monetary stabilization bonds (MSBs) next month. The planned issuance represents an 800 billion-won increase from a month earlier, according to the Bank of Korea (BOK). As policy tools devised to absorb [...]
SEOUL, July 24 (Korea Bizwire) – More than 560,000 young South Koreans have remained jobless one year after their graduation, data showed Thursday, while nearly half of them have been searching for jobs to no avail for over three years. According to the data from Statistics Korea, the number of employed youths, people aged 15-29 [...]