SEOUL, Oct. 17 (Korea Bizwire) – Shares in Kakao Corp., the operator of South Korea’s dominant messaging app KakaoTalk, and its affiliates fell sharply Monday after a massive service disruption over the weekend stemming from a fire at a data center. Kakao dropped 5.93 percent to close at 48,350 won (US$33) on the KOSPI, the [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Korea’s stock prices fell 6.91 percent on-quarter in the third quarter due to uncertainty over the U.S. tapering of asset purchases, marking the first quarterly decline since the outbreak of the COVID-19 pandemic, data showed Sunday. The benchmark Korea Composite Stock Price Index (KOSPI) ended at 3,068.82 on [...]
SEOUL, Nov. 17 (Korea Bizwire) — Share prices in South Korean chipmakers are expected to rise further as investors bet on a recovery in the memory chip market next year, analysts here said Tuesday. South Korea’s two largest chipmakers — Samsung Electronics Co. and SK hynix Inc. — have been skyrocketing in recent weeks with [...]
SEOUL, June 21 (Korea Bizwire) — Shares in South Korean shipbuilders will get a boost from hopes of more LNG carrier deals after a recent mega deal from Qatar and a rise in global oil prices that will boost demand for new ships, industry sources said Sunday. On June 2, the country’s top three players [...]
HONG KONG, CHINA, Jun. 29 (Korea Bizwire) – People revise their beliefs about global warming when experiencing abnormally warmer climate, research by CUHK Business School reveals. Climate change is a term too familiar in our daily lives. While we lament over the rising sea levels, melting glaciers and intense wildfires, most people do not seem [...]