Business

South Korea Trials Container Ship on First Arctic Route Journey

In a significant move towards exploring alternative shipping routes, South Korea has embarked on its inaugural trial voyage through the Arctic's Northern Sea Route. This development comes as disruptions...

Heatwaves, Conflicts Drive Global Food Prices to Three-Year Peak

In July, global food prices soared to their highest in over three years, mainly due to extreme weather...

Chip Sell-Off Drives Kospi Down Over 10%, Asian Markets Decline

Asian stock markets experienced a downturn on Tuesday, primarily driven by a significant sell-off in South Korea. The...

AI Drives Surge in SK Eternix Stock Amid Renewable Energy Optimism

Investors are showing increased interest in SK Eternix, the renewable energy branch of South Korea's SK Group, as...

Lee Promises Aggressive Housing Reforms to Combat South Korea Property Bubble

In a bold move to avert an economic crisis, South Korean President Lee Jae Myung has committed to...

Oil Surge and AI Sell-Off Plunge South Korea Stocks Amid Tensions

Asian markets showed mixed performances on Monday, with most indices rising except for South Korea’s Kospi, which plummeted nearly 5%. The sharp decline was...

Breaking: Uber Purchases Delivery Hero in a $14.8 Billion Agreement

Uber Technologies is set to bolster its international food delivery operations with the acquisition of Germany's Delivery Hero for $14.8 billion. This strategic move...

Escalating US-Iran Tensions Cause Oil Prices to Drop

Oil prices dipped slightly on Thursday, with investors taking profits and evaluating the effects of escalating tensions between the United States and Iran. Brent...

China, Russia Celebrate 25 Years, Strengthen Strategic Alliance in New Treaty

China and Russia have reaffirmed their dedication to strengthening their bilateral relationship and enhancing long-term strategic cooperation as they commemorate the 25th anniversary of...

South Korea’s Kospi Drops 6.6% as Asian Markets Decline, Oil Prices Drop

Asian stock markets saw a general downturn on Thursday, with South Korea's Kospi leading the decline with a significant 6.6% drop. The downturn in...

Semiconductor Surge Boosts South Korea’s 2026 Growth Forecast to 3%

South Korea has adjusted its economic growth projection for 2026, raising it from 2% to 3%, buoyed by strong semiconductor demand and a solid...