economy of the country
Han Kang's books dominate Korean bookstores after Nobel win : Korean novelist Han Seung-won said Friday he was so surprised to learn about his daughter Han ...
koreatimes.co.kr/www/culture/2024/10/142_384042.html
Quick Glance: Han Kang: First Korean Nobel Laureate in Literature
- Han Kang was born in 1970 in Gwangju and is the first Korean to receive the Nobel Prize in Literature.
- She began her literary career in 1993 as a poet and made her debut as a novelist in 1994 with the short story 'Red Anchor'.
- She gained international fame in 2016 by winning the Man Booker International Prize for her novel 'The Vegetarian'.
- Her latest work, 'We Do Not Part', explores the tragedy of a 1948 massacre and has received several prestigious literary awards.
Elon Musk makes bold claims about Tesla robotaxi in Hollywood backlot: Tesla regularly makes bold promises it has not kept. Last night, it made many bold ...
arstechnica.com/cars/2024/10/elon-musk-makes-bold-claims-about-tesla-robotaxi-in-hollywood-backlot/
Han Kang Is Awarded Nobel Prize in Literature: The South Korean author, best known for “The Vegetarian,” is the first writer from her country to receive the ...
nytimes.com/2024/10/10/arts/nobel-prize-literature.html
Ukrainian media reported that six North Korean military officers were among approximately 20 personnel killed in a missile strike on a training ground in ... Show more
EXPLAINED: Are North Korean troops going to help Russia in Ukraine? — Radio Free Asia
EXPLAINED: Are North Korean troops going to help Russia in Ukraine? — Radio Free Asia
South Korea wakes up to the next K-wave: The 'silver economy'
More businesses are waking up to the possibilities of marketing a broad range of goods and ... Show more
South Korea wakes up to the next K-wave: The 'silver economy' - Nikkei Asia
South Korea wakes up to the next K-wave: The 'silver economy' - Nikkei Asia
Samsung quits updating Galaxy Z Fold 2 that came out in 2020 for $2,000: Newer Samsung Galaxy phones are promised seven years of updates.
arstechnica.com/gadgets/2024/10/samsung-foldable-that-debuted-at-2k-in-2020-stops-receiving-security-updates/
Bank of Korea Cuts Rate in Policy Pivot as Property Market Cools: The Bank of Korea cut its benchmark interest rate after local property markets showed signs of ...
bloomberg.com/news/articles/2024-10-11/bank-of-korea-cuts-rate-in-policy-pivot-as-property-market-cools
Quick Glance: Bank of Korea Lowers Rates to Stimulate Economy
- The Bank of Korea reduced its benchmark interest rate by 0.25 percentage points to 3.25% to support economic activity as the property market shows signs of cooling.
- This decision was anticipated by 20 of 22 economists surveyed, and the likelihood of a follow-up rate cut next month is considered low.
- The BOK stated it will assess future monetary policy based on prices, economic growth, and financial stability, citing a stabilization in inflation.
- Analysts predict that rate cuts will occur gradually, potentially lowering the benchmark rate to 2.5% by the third quarter of next year.
Shares owned by Samsung family take hit due to earnings shock : Four family members of Korea’s top conglomerate, Samsung, saw the value of their shares across ...
koreatimes.co.kr/www/biz/2024/10/126_383925.html
Quick Glance: Samsung Family Shares Plummet After Earnings Shock
- The value of shares owned by Samsung's family members dropped over 20 percent due to disappointing quarterly results.
- Samsung Electronics reported an operating profit of 9.1 trillion won, down 12.8 percent from the previous quarter.
- Lee Jae-yong's shares declined significantly, falling from 16.86 trillion won to 13.58 trillion won.
- Analysts express concerns regarding Samsung Electronics' potential recovery in the fourth quarter amid decreasing demand for memory chips.
Bookstores swarm with shoppers as Han Kang’s works fly off shelves: Han Kang, the South Korean author behind unflinching and provocative tales that deftly ...
koreatimes.co.kr/www/culture/2024/10/142_384063.html
A group of more than 1,000 striking workers at a Samsung factory in southern India has rejected a settlement offer made by the company on wage hikes ... Show more
Samsung India workers reject settlement offer as strike enters 2nd month | Reuters
Samsung India workers reject settlement offer as strike enters 2nd month | Reuters
Bank of Korea Expected to Pivot as Property Market Cools: The Bank of Korea is widely expected to cut its benchmark interest rate on signs housing markets are ...
trib.al/efbL0Fs
China stocks rebound as central bank starts $70bn securities swaps: HONG KONG -- China and Hong Kong stocks rebounded on Thursday after steep drops on Wednesday ...
asia.nikkei.com/Business/Markets/China-stocks-rebound-as-central-bank-starts-70bn-securities-swaps
S Korea piles in with US in arming up the Philippines: MANILA – The Philippines and South Korea elevated ties to a strategic partnership ...
asiatimes.com/2024/10/s-korea-piles-in-with-us-in-arming-up-the-philippines/
$7.6 billion Georgia plant just produced its first Hyundai electric SUV: Hyundai has begun producing electric SUVs in Georgia ahead of schedule ...
fastcompany.com/91205415/7-6-billion-georgia-plant-produced-first-hyundai-electric-suv
Quick Glance: Hyundai Launches EV Production at New Georgia Plant
- Hyundai has commenced electric SUV production in Georgia, less than two years after groundbreaking on its $7.6 billion facility.
- The first vehicles manufactured are the 2025 models of Hyundai's Ioniq 5, expected to reach U.S. dealerships by the end of the year.
- The Bryan County site aims to produce up to 300,000 EVs annually and create 8,500 jobs.
- Separately, the Supreme Court denied Martin Shkreli's appeal, ordering him to repay $64.6 million for drug price manipulation.
Galaxy S24, S24+, and S24 Ultra get October security update: Mere days after the Galaxy S24 FE got the latest security patch for Samsung smartphones and tablets ...
sammobile.com/news/galaxy-s24-plus-ultra-october-2024-security-update-usa/
Hyundai prices $3 bln India IPO at 1,865-1,960 rupees per share
reuters.com/markets/deals/hyundai-prices-3-bln-india-ipo-1865-1960-rupees-per-share-2024-10-09/
Quick Glance: Hyundai to Launch $3 Billion IPO in India
- Hyundai Motor India plans to open its IPO next week, pricing shares between 1,865 and 1,960 rupees, valuing the company at up to $19 billion.
- This marks the first IPO of an automaker in India in two decades and Hyundai's first stock market listing outside South Korea.
- The IPO will accept subscriptions from institutional investors starting October 14, with retail bidding from October 15-17.
- Hyundai will not issue new shares but will sell up to 17.5% of its stake held by its South Korean parent company.
South Korea's Yoon offers $100m to 'promote democracy' in Indo-Pacific: SINGAPORE -- South Korea will provide $100 million in funding over the next three years ...
asia.nikkei.com/Politics/International-relations/Indo-Pacific/South-Korea-s-Yoon-offers-100m-to-promote-democracy-in-Indo-Pacific
Large food firms target W4 tril. in sales fueled by K-food popularity : According to industry observers on Friday, more large Korean food companies are ...
koreatimes.co.kr/www/tech/2024/10/419_384069.html
At 75, celebrity chef Martin Yan is not slowing down: A pioneer of Chinese food in the West, renowned chef Martin Yan talks about his career trajectory and how ...
thestar.com.my/lifestyle/living/2024/10/12/at-75-celebrity-chef-martin-yan-is-not-slowing-down
North Korean troops fighting for Russia in Ukraine: Seoul: Defence minister says ‘highly likely’ North Korean soldiers were killed in recent attack by Ukrainian ...
aljazeera.com/news/2024/10/8/north-korean-troops-fighting-for-russia-in-ukraine-seoul
GM pivots to lower-cost EV batteries with eye on Hyundai tie-up: NEW YORK -- General Motors is rejiggering its electric vehicle battery strategy to increase the ...
asia.nikkei.com/Business/Automobiles/Electric-vehicles/GM-pivots-to-lower-cost-EV-batteries-with-eye-on-Hyundai-tie-up
Quick Glance: GM Balances Between Gas and Electric Vehicles
- General Motors highlights its advancements in electric vehicles while acknowledging the importance of gasoline vehicles for its future.
- In the last quarter, gas-powered vehicles represented 95% of total deliveries, while EV sales increased by 60% year-over-year.
- The management plans to continue developing the ICE segment, with losses in the EV sector expected to drop from $4 billion to $2 billion.
- GM is also investing in a new battery research facility and aims to increase the profitability of its ICE models through refreshes.
[REVIEW] 2NE1 reunites after decade, proves enduring K-pop legend status : The iconic second-gen K-pop girl group 2NE1 reunited for its first full-group ...
koreatimes.co.kr/www/art/2024/10/732_383705.html
![[REVIEW] 2NE1 reunites after decade, proves enduring K-pop legend status](/web/db/posts/50365/50365258.avif)
Charlie Puth to host concert in Korea this December : American pop star Charlie Puth is set to return to Korea this December for another concert ...
koreatimes.co.kr/www/art/2024/10/682_384049.html
Korean Air increases use of local ingredients in in-flight meals: Korean Air announced on Tuesday that it has increased the use of domestic food ingredients in ...
koreatimes.co.kr/www/tech/2024/10/419_383868.html
Quick Glance: Korean Air 787-10 Business Class: Disappointingly Good
- Korean Air introduced a new business class on the 787-10, featuring modern amenities but also notable shortcomings.
- The seats are comfortable and well-equipped, yet the suite doors cannot currently be used, limiting privacy.
- The entertainment system has improved significantly, but slow Wi-Fi and inadequate bedding detract from the flying experience.
- Overall, Korean Air is ranked as a solid but not outstanding option in the Asian business class market.
Samsung estimated its third-quarter operating profit just under $6.8 billion but missed analysts' estimates, prompting a rare apology from the tech giant for ... Show more
Samsung Electronics apologises for disappointing profit as it struggles in AI chips | Reuters
Samsung Electronics apologises for disappointing profit as it struggles in AI chips | Reuters
Spotify starts free streaming option in South Korea: Spotify's free music and podcasts service option is now available in South Korea, the audio streaming ...
reuters.com/technology/spotify-starts-free-streaming-option-south-korea-2024-10-09/
Quick Glance: Spotify Launches Free Streaming Option in Korea
- Spotify has launched a free music and podcast service in Korea to expand its audience.
- The freemium model includes a limited ad-supported version and an unlimited premium subscription.
- Users can sign up for a free account to access playlists, podcasts, and daily mixes, with the option to upgrade to premium.
- Ads on Spotify's free tier capture twice as much attention globally compared to social media platforms.
Hyundai prices $3 bln India IPO at 1,865-1,960 rupees per share Hyundai prices $3 bln India IPO at 1,865-1,960 rupees per share
A week before her 81st birthday, model Choi Soon-hwa is the fresh face of a late-blooming business sector in South Korea — the "silver economy ... Show more
South Korea wakes up to the next K-wave: The 'silver economy': Nikkei Asia is launching a new lineup of feature stories this week, providing you with in-depth ...
asia.nikkei.com/Spotlight/Big-in-Asia/South-Korea-wakes-up-to-the-next-K-wave-The-silver-economy
Malala: How South Korea's 'real-life mermaids' made her want to learn to swim: The activist is producing a film about South Korea's real-life mermaids ...
bbc.com/news/articles/c0r8gze5wv4o
China stocks jump after holidays as red-hot rally continues: HONG KONG -- Dannie Li, a 30-year-old with 140,000 yuan ($19,840) in China stock funds ...
asia.nikkei.com/Business/Markets/China-stocks-jump-after-holidays-as-red-hot-rally-continues
Korea Zinc Chairman Raises Offer for Key Unit in Takeover Battle: Korea Zinc Co. has raised its offer for Young Poong Precision Corp. by 17% ...
trib.al/vFwc1lw
Paris Baguette adds Thailand, Laos, Brunei to Southeast Asian market expansion : SPC Group has broadened its overseas bakery market by entering Southeast Asia ...
koreatimes.co.kr/www/tech/2024/10/419_383984.html
South Korea's exports for the first 10 days of October rose 33.2% from a year earlier, high-frequency data showed on Friday.
KT to debut Korea-specific AI model with Microsoft next year : KT will debut a Korea-specific artificial intelligence (AI) model within the first half of next ...
koreatimes.co.kr/www/tech/2024/10/133_383975.html
Hyundai to use $3 bln record India IPO proceeds for new cars, R&D
reuters.com/business/autos-transportation/india-be-global-manufacturing-hub-ipo-bound-hyundai-executive-says-2024-10-09/
Can China’s Global South Strategy Achieve Its Objectives in Central Asia?: China’s foreign policy toward Kazakhstan and Kyrgyzstan has had contrasting results ...
thediplomat.com/2024/10/can-chinas-global-south-strategy-achieve-its-objectives-in-central-asia/
Smartwatch shootout: New Apple Series 10, Pixel 3 and Samsung Galaxy 7 jockey for position
usatoday.com/story/tech/columnists/2024/10/09/smartwatch-review-apple-10-pixel-3-galaxy-7/75558929007/
Apple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health ... Show more
Oil Prices Down as Markets Eye Chinese Stimulus and Middle East Tensions: Oil futures closed lower on Friday, October 11, as investors focused on Chinese demand ...
riotimesonline.com/oil-prices-down-as-markets-eye-chinese-stimulus-and-middle-east-tensions/
Asset managers look to launch higher risk India investment plans after regulatory change
reuters.com/business/finance/asset-managers-look-launch-higher-risk-india-investment-plans-after-regulatory-2024-10-08/
Quick Glance: Asset managers plan riskier investments in India
- Indian and global asset managers are developing plans for higher-risk investment products following approval from SEBI.
- The new investment options will require a minimum investment of 1 million rupees and target investors willing to take on higher risks.
- Five firms, holding a combined 25% of assets under management in India's mutual fund industry, expect to launch new products in the next six to eight months.
- The new funds will offer strategies similar to hedge funds but must adhere to strict disclosure requirements and investment limits.
Hyundai Motor, Toyota to host joint racing festival in Korea : Hyundai Motor and Toyota Motor will hold a joint racing festival in Korea, in their first joint ...
koreatimes.co.kr/www/tech/2024/10/419_383834.html
LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America
reuters.com/markets/commodities/lg-energy-solution-supply-ev-batteries-mercedes-benz-affiliate-north-america-2024-10-08/
Samsung's profit recovery seen weakening in Q3: The company has been slow to cash in on the artificial intelligence boom.
reuters.com/technology/samsungs-profit-recovery-seen-weakening-q3-2024-10-06/
‘Culinary Class Wars’ fills convenience franchises with new goodies: The country’s mega convenience franchise firms are launching ambitious new items ...
koreatimes.co.kr/www/tech/2024/10/419_383980.html
India, South Korea bonds to join FTSE Russell government indexes in 2025 India, S. Korea bonds to join FTSE Russell government indexes in 2025 | Reuters
Quarterly figures: AI boom gives Samsung a profit jump - | Expectations still missed
handelsblatt.com/finanzen/maerkte/aktien/quartalszahlen-ki-boom-beschert-samsung-gewinnsprung-erwartungen-dennoch-verfehlt/100077046.html
NewJeans: K-pop star Hanni to testify on music industry bullying: Hanni, a member of the girl band NewJeans, has previously raised concerns over workplace ...
bbc.com/news/articles/cp8e49r2yw3o
Samsung's Indian strike rages on after talks with government fail: CHENNAI/MUMBAI -- Samsung is locked in a stalemate with striking employees near Chennai ...
asia.nikkei.com/Business/Companies/Samsung-s-Indian-strike-rages-on-after-talks-with-government-fail
Samsung chief stresses importance of advanced capacitor for cars : Samsung Electronics Executive Chairman Lee Jae-yong stressed the importance of securing an ...
koreatimes.co.kr/www/tech/2024/10/133_383767.html
FC Bayern: Eberl speaks out after 3:3 in Frankfurt - | "What really pisses us off..." | Sport
bild.de/sport/fussball/fc-bayern-eberl-aeussert-sich-nach-3-3-in-frankfurt-was-uns-richtig-ankotzt-6702de4e638fb31f435deb86
Out of Eden Walk: An untold history of the US presence in Korea - The World from PRX
theworld.org/stories/2024/10/04/out-of-eden-walk-an-untold-history-of-the-us-presence-in-korea
Did Google ruin Samsung’s Galaxy S25 MediaTek surprise?: Over the past few months, rumors have suggested that Samsung could use a MediaTek chip in some of the ...
sammobile.com/news/galaxy-s25-mediatek-dimensity-chips-google-rumor/
More hostile M&As likely on Korea's path to becoming advanced country in finance: report
koreatimes.co.kr/www/biz/2024/10/126_383985.html
Amazon Fire TVs to carry Freely streaming platform in boost for BBC and ITV: Freely, a new streaming service backed by the BBC, ITV and other British public ...
reuters.com/business/media-telecom/amazon-fire-tvs-carry-freely-streaming-platform-boost-bbc-itv-2024-10-07/
Quick Glance: Freely Streaming Service Launches on Amazon Fire TVs
- The new streaming service Freely, backed by BBC and ITV, will be available on Amazon Fire TVs.
- This partnership allows the four UK public broadcasters to reach a wider audience with their content.
- Freely offers 70,000 hours of on-demand content, surpassing all major UK streaming platforms.
- The agreement is seen as a significant advancement in ensuring future access to free television.
Korean inclusion in FTSE Russell bond index seen shoring up local markets: The surprise inclusion of South Korean sovereign bonds in the FTSE Russell's benchmark ...
reuters.com/markets/rates-bonds/korean-inclusion-ftse-russell-bond-index-seen-shoring-up-local-markets-2024-10-09/
From Samsung’s disappointing third quarter profit to Uniqlo-owner Fast Retailing’s jump in profit, these are the biggest stories in business and finance this ... Show more
Bank of Korea Eyes First Policy Pivot in Years on Signs of Cooling Property: The Bank of Korea is expected this week to conduct a long-awaited policy pivot ...
bloomberg.com/news/articles/2024-10-07/bank-of-korea-eyes-first-policy-pivot-in-years-on-signs-of-cooling-property
Samsung profit falls 13% amid struggles to supply chips to Nvidia : SEOUL -- Samsung Electronics' operating profit fell almost 13% in the third quarter from ...
asia.nikkei.com/Business/Technology/Samsung-profit-falls-13-amid-struggles-to-supply-chips-to-Nvidia
China stocks take biggest dive since 2020 as stimulus skepticism emerges: HONG KONG -- China's mainland stocks ended a stimulus-induced winning streak on ...
asia.nikkei.com/Business/Markets/China-stocks-take-biggest-dive-since-2020-as-stimulus-skepticism-emerges
Kumho Petrochemical prepares for market recovery : Kumho Petrochemical Group has been assessing its long-term business plans and pushing ahead with sustainable ...
koreatimes.co.kr/www/tech/2024/10/419_384040.html
Save Over $400 on an OLED Samsung TV With This Prime Day Deal: While it's not listed as an official Prime Day deal, grabbing this 55-inch Samsung S95C TV for ...
cnet.com/deals/save-over-400-on-an-oled-samsung-tv-with-this-prime-day-deal/
India to be global manufacturing hub for IPO-bound Hyundai, executive says Hyundai to use $3 bln record India IPO proceeds for new cars, R&D
HYBE artists earn multiple MTV EMA nominations : Five K-pop artists from HYBE have received nominations for this year’s MTV Europe Music Awards (EMA) ...
koreatimes.co.kr/www/art/2024/10/732_383923.html
Hanwha Aerospace's Europe land arms sales to double by 2027, CEO says Hanwha Aerospace's Europe land arms sales to double by 2027, CEO says | Reuters
South Korea Joins FTSE Russell Benchmark Bond Index After Market Reforms: South Korea will join FTSE Russell’s benchmark bond index next year ...
bloomberg.com/news/articles/2024-10-08/korea-joins-major-ftse-russell-index-after-bond-market-reforms
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Kane given all clear for Nations League, Konsa, Mainoo and Gibbs-White out of England squad Kane given all clear for Nations League, Konsa, Mainoo and Gibbs-White out of England squad | Reuters
China's cooling stock market raises pressure for next stimulus round: HONG KONG/SHANGHAI -- The sugar high from China's latest batch of economic stimulus is ...
asia.nikkei.com/Economy/China-s-cooling-stock-market-raises-pressure-for-next-stimulus-round
Samsung's profit recovery seen weakening in Q3 Samsung's profit recovery seen weakening in Q3 | Reuters
India's biggest IPOs before Hyundai Motor unit flotation
reuters.com/business/autos-transportation/indias-biggest-ipos-before-hyundai-motor-unit-flotation-2024-10-09/
China’s Balancing Act With the ‘Axis of Upheaval’: There’s an obvious anti-U.S. bent to China’s ties with Russia, Iran, and North Korea ...
thediplomat.com/2024/10/chinas-balancing-act-with-the-axis-of-upheaval/
Quick Glance: China's Balancing Act with the Axis of Upheaval
- China's relationships with Russia, Iran, and North Korea display an anti-U.S. inclination but require careful navigation to avoid deeper conflict.
- The dynamics among these countries raise questions about control and autonomy, particularly with North Korea's aggressive agenda and tensions between Iran and Israel.
- China's profitable economic ties with these nations could be jeopardized by the geopolitical landscape affecting its export-driven economy.
- China's proclaimed neutrality is undermined by its support for Russia and its obstruction of sanctions in the UN Security Council, while challenges in its ties with Iran and North Korea are escalating.
Russian weapons depot storing North Korean shells, missiles set ablaze after drone attack, Ukraine's military reports
kyivindependent.com/ukraine-confirms-drone-strike-on-russian-weapons-depot-storing-north-korean-shells/
South Korea's central bank cuts policy rate, as expected South Korea's central bank cuts policy rate, as expected | Reuters
Amazon Hails Success of MMO Throne and Liberty After 3 Million Players in a Week - IGN
ign.com/articles/amazon-hails-success-of-mmo-throne-and-liberty-after-3-million-players-in-a-week
Jay Park returns with signature R&B sound in new album : Jay Park is back in the music scene with his sixth full-length album, 'THE ONE YOU WANTED ...
koreatimes.co.kr/www/art/2024/10/732_383865.html
Best Prime Day Fitness Tracker Deals: Shop Apple, Samsung and Garmin Watches on Sale
cnet.com/deals/best-prime-day-fitness-tracker-deals-2024-10-08/
Vietnam to build six semiconductor fabs — country aims to become a major player in the semiconductor industry by 2050
tomshardware.com/tech-industry/vietnam-to-build-six-semiconductor-fabs-country-aims-to-become-a-major-player-in-the-semiconductor-industry-by-2050
South Korea's Hanwha 'not done' with U.S. shipyard acquisitions: WASHINGTON -- South Korea's Hanwha group has its eye on further acquisitions of U.S ...
asia.nikkei.com/Business/Aerospace-Defense-Industries/South-Korea-s-Hanwha-not-done-with-U.S.-shipyard-acquisitions
Five Things You Need to Know to Start Your Day: Asia: Good morning. US stocks fall as traders mull Fed’s next move. `Dune' studio looks to buy out ...
bloomberg.com/news/newsletters/2024-10-10/five-things-you-need-to-know-to-start-your-day-asia
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