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...

Putin Authorizes Sale of TotalEnergies’ Stake in Arctic LNG 2 Project

In a significant development in the global energy sector, Russian President Vladimir Putin has given the green light for the French energy company TotalEnergies...

Japan and South Korea Discuss Military Logistics Support Agreement

South Korea and Japan are considering a military logistics support agreement, as revealed by South Korean Defense Minister Ahn Gyu-back. This development follows discussions...

Cuban-Bound Russian Tanker Alters Route Following Atlantic Hold-Up

A Russian tanker laden with diesel fuel intended for Cuba has reportedly been diverted toward Brazil after spending weeks adrift in the Atlantic Ocean....

Japan, South Korea Boost Cooperation in Energy and Defense Sectors

Japanese Prime Minister Sanae Takaichi recently visited Andong, South Korea, where she engaged in discussions with South Korean President Lee Jae Myung. The meeting...

Xi and Putin Decide to Extend Their Treaty Further

In a significant diplomatic development, Chinese President Xi Jinping and Russian President Vladimir Putin have agreed to extend the China-Russia Treaty of Good-Neighborliness and...