Business

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 South Korea was primarily driven...

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...

South Korea Boosts 2027 Budget, Driven by AI and Semiconductor Expansion

South Korea is gearing up for a substantial financial leap by setting a record budget that surpasses 800...

Armenian Leader Pashinyan Engages Russia to Address Trade, Diplomatic Strains

Armenian Prime Minister Nikol Pashinyan has embarked on his first visit to Russia following his re-election, marking a...

LG Electronics Achieves Highest Q2 Revenue and Profit Ever Recorded

LG Electronics has achieved its best-ever financial performance for the second quarter, bolstered by strong consumer interest in...

US Approves Restricted Use of Anthropic’s AI Model Following Security Review

The US government has granted limited access to Anthropic's cutting-edge artificial intelligence model, Mythos 5, to a select group of American cybersecurity firms. This...

India, South Korea Enhance Collaboration in Trade, Defense, and Technology Talks

India and South Korea recently engaged in high-level discussions aimed at enhancing their strategic partnership, focusing on broadening cooperation across several critical sectors. This...

EU Urged by South Korea to Ease New Steel Import Limits

South Korean President Lee Jae Myung is optimistic that the European Union will consider his country's concerns regarding upcoming changes to its steel import...

Vietnam Pledges to Bolster ASEAN–Russia Strategic Partnership

Vietnam has underscored its pivotal role in enhancing cooperation between ASEAN and Russia, following the recent ASEAN–Russia Commemorative Summit that celebrated 35 years of...

South Korea Continues Lower Tariffs on Taiwan Fruits Through August

South Korea has announced an extension of its preferential tariff program on Taiwanese fruit imports, significantly reducing import duties on bananas, pineapples, and mangoes...

Elon Musk Becomes First Trillionaire as SpaceX Soars in Market Debut.

SpaceX has made a monumental entry into the public market with one of the largest initial public offerings ever recorded. Trading commenced at $150...