Samsung Electronics Co. on Friday estimated its second-quarter operating profit shot up more than 15-fold, as a prolonged boom in artificial intelligence computing lifted prices of memory chips.
The world’s biggest maker of memory chips expected a s…
The homegrown streaming platform Tving is gaining ground on market leader Netflix in South Korea, data showed Friday.
Tving’s monthly active users (MAU) surged 27 percent to 7.39 million in the first half, while Netflix experienced a 16 percent decl…
The Democratic Party (DP) on Friday criticized President Yoon Suk Yeol’s nomination of Lee Jin-sook, a former journalist of public broadcaster MBC, as new chief of the state broadcasting watchdog.
“Is he in his right mind to assign such a significan…
A fire broke out at an ink manufacturing factory south of Seoul on Friday, but no casualties were reported, officials said.
The blaze occurred at 7:15 a.m. at the factory in Hwaseong, 45 kilometers south of Seoul, before firefighters brought the fla…
State-run Korea Gas Corp. (KOGAS) said Friday it has decided to raise its utility bill for households by 6.8 percent to address growing global energy costs and mounting financial losses.
Under the decision, the cost of gas supplied to households wil…
Seoul shares opened higher Friday as investors await U.S. jobs data this week for clues on the Federal Reserve’s future policy path.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 15.66 points, or 0.55 percent, to 2,840.60 in the fir…
