South Korean shares retreated more than 1 percent Thursday, led by chipmakers after an underwhelming earnings result by global artificial intelligence chip giant Nvidia. The local currency rose against the U.S. dollar.
The benchmark Korea Composite …
Some 21 trillion won (US$15.7 billion) in short-term loans and loan guarantees extended to construction projects have been determined “risky” and may be subject to restructuring, the financial regulator said Thursday.
The amount accounts for 9.7 per…
The foreign ministry said Thursday it has proposed more than 100 billion won (US$74.8 million) in spending for next year to prepare for hosting the Asia-Pacific Economic Cooperation (APEC) summit.
The foreign ministry said it proposed 4.32 trillion …
Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Thursday it has secured a deal from the U.S. Navy for the maintenance, repair and overhaul (MRO) service of a 40,000-ton logistics support vessel.
Under the contract, the …
South Korea’s inflation-adjusted household income rebounded in the second quarter of 2024 on rising wages, data showed Thursday.
The average income per household rose 3.5 percent on-year to 4.96 million won (US$3,715.9) per month in the April-June p…
South Korea and the United States have conducted combined special operations drills aimed at enhancing reconnaissance and capabilities to strike targets, the South’s Army said Thursday, amid efforts to bolster deterrence against North Korean threats….
