June 12, 2024

BOK chief highlights timely policy pivot amid high inflation

South Korea’s chief central banker on Wednesday emphasized the importance of a timely shift toward a monetary easing policy as inflation in Asia’s fourth-largest economy still runs high.

In a speech to celebrate the 74th anniversary of the central b…

Bucheon film fest unveils 2024 lineup

The Bucheon International Fantastic Film Festival (BIFAN) on Wednesday unveiled the list of movies to be screened at this year’s edition, with “Love Lies Bleeding” selected as the opening film and “Twilight of the Warriors: Walled In” chosen as the c…

AI chipmaking firms Sapeon Korea, Rebellions to seek merger

Sapeon Korea Inc. and Rebellions Inc., two South Korean artificial intelligence (AI) chipmakers, said Wednesday they will seek a merger to gain a strong foothold in the global AI chip market.

Sapeon Korea and Rebellions plan to seek their shareholde…

Seoul shares up for 2nd day ahead of Fed’s rate decision

South Korean shares closed higher Wednesday led by gains in tech shares tracking advances on Wall Street, ahead of the Federal Reserve’s rate decision. The local currency gained ground against the U.S. dollar.

The benchmark Korea Composite Stock Pri…