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Seoul stocks extend losses late Tuesday morning amid AI concerns

Seoul stocks were trading sharply lower late Tuesday morning as concerns over investments in the artificial intelligence (AI) value chain sparked a sell-off in major chip shares. The benchmark Korea Composite Stock Price Index (KOSPI) fell 136.06 points, or 2.36 percent, to 5,631.95 as of 11:20 a.m. After opening 0.6…

Demonstrations in France have international impact

Enormous — and at times destructive — public demonstrations in France have significance reaching well beyond that historically turbulent nation. Protests began in September, spurred by deteriorating conditions in the education system. More than 500 schools have been blockaded and clashes with police have escalated to…

Samsung Bioepis secures 10-year exclusive drug supply deal in Brazil

Samsung Bioepis has secured a decade-long exclusive supply deal for a rare disease treatment in Brazil, strengthening its position in Latin America’s largest pharmaceutical market while opening a new chapter in its partnership with the Brazilian government. The Korean biopharmaceutical company said Tuesday it had…

CJ ONE expands membership perks to public transit with new partnership

CJ ONE is bringing its rewards program onto public transit, joining forces with mobility fintech company E-Dreams to connect travel, shopping and dining through a single membership platform for Korean and international customers. CJ OliveNetworks, which operates the lifestyle membership service, said Tuesday it had…

President Lee calls for all-out efforts to boost housing supply

President Lee Jae Myung on Tuesday stressed the need to cut the time required for administrative procedures in building homes, calling for all-out efforts to boost housing supply. The president made the call during a Cabinet meeting as runaway housing prices persist despite the government's efforts to cool the market…

Hankook Tire extends Ballon d'Or partnership for 3rd straight year

Hankook Tire is extending its presence in global football as it returns for a third consecutive year as an official sponsor of the Ballon d’Or, with this year’s ceremony marking the award’s 70th anniversary and its first edition in London. Hankook Tire & Technology, part of Hankook & Company Group, said it will…