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...

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 trillion won for the year 2027....

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 significant diplomatic engagement amidst strained relations....

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 its home appliances, vehicle components, and...

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...