1stHeadlinesBreaking News Headlines

South Korea

Text size100%

Seoul stocks trade sharply lower Friday morning on profit-taking

Korean stocks traded sharply lower late Friday morning as investors offloaded major chip shares to take profits following overnight losses in U.S. artificial intelligence (AI) and semiconductor stocks. After opening 2.36 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 135.29 points, or 2.44…

EU sees Korea as 'trusted partner' in evolving Indo-Pacific strategy

The European Union (EU) has sharpened its Indo-Pacific strategy around three core priorities — security, economic security and climate action — as geopolitical tensions reshape the bloc’s approach to the region, according to the EU special envoy. Maria Castillo Fernandez, European External Action Service's Special…

SK hynix halts review of Solidigm's US stock market listing

Solidigm, SK hynix’s NAND flash memory subsidiary, has decided to halt its review of potential pre-initial public offering (IPO) fundraising and IPO options, citing volatile capital markets and recent trends in semiconductor stock prices, the chip giant said Friday. The company was established in the United States…

Lee's approval rating hits 40% for 1st time since early September: poll

President Lee Jae Myung's approval rating rose to 40 percent for the first time since early September, a poll showed Friday. The survey, conducted by Gallup Korea from Tuesday through Thursday on 1,001 people aged 18 and older, showed that positive assessments of Lee's performance increased 1 percentage point from the…

Seoul sends costumed dogs on patrol through historic alley

Dogs dressed as Joseon-era night watchmen will take to Seoul’s historic streets Saturday, bringing an unusual twist to neighborhood safety patrols and offering visitors a new way to explore one of the capital’s increasingly popular alleyways. The Seoul Metropolitan Government will deploy 12 teams from its volunteer…

HD Hyundai, Kiewit to form JV to build shipyard in US

Korean shipbuilding giant HD Hyundai Co. said Friday it will establish a joint venture with U.S. engineering and construction company Kiewit to build a new shipyard in the United States. HD Hyundai and Kiewit signed an agreement in Houston on Thursday (local time) to establish the joint venture, tentatively named…