KB News DeskFSS slaps record short selling fine on Credit Suisse
Global investment bank Credit Suisse affiliates have been fined a record amount for violating Korea’s short selling regulations. The Securities and Futures Commission under the Financial Services Commission announced that…
LG Twins, Doosan Bears to temporarily play at Olympic main stadium for 5 seasons
The LG Twins and the Doosan Bears will temporarily relocate to the main Olympic stadium in southern Seoul while their current baseball stadium undergoes reconstruction, Seoul officials said Tuesday. As…
Google Cloud vows to help Korean companies’ succeed with AI
Google Cloud aims to empower its enterprise clients in Korea to drive business innovation through its generative AI-powered cloud computing services, head of its Korean unit said Wednesday. “As a…
Govt. vows support for exports of electric equipment
Industry Minister Ahn Duk-geun said Thursday the ministry plans to offer 2.7 trillion won ($1.94 billion) in trade finance for exports of electric equipment to foster the sector as a…
LG launches AI robot subscription service for businesses
LG Electronics launched a subscription service for its CLOi robots equipped with enhanced AI features as part of efforts to expand its presence in the business-to-business (B2B) market, the company said Monday.…
Finance chief vows preemptive responses to looming ‘massive external changes’
in Seoul on Thursday. (Yonhap) Finance Minister Choi Sang-mok called for proactive and preemptive responses Thursday to prevent possible massive changes in external circumstances from affecting South Korean exports so…
New Canadian pitcher for Bears gunning for ‘as many strikeouts as I can’ in KBO
While he was flying into Korea on Monday for his new baseball adventure, Canadian pitcher Jordan Balazovic didn’t immediately get the sense that he was coming over here to play.…
Naver CEO says to not sell its stake in LY in ‘short term’
Naver CEO Choi Soo-yeon confirmed Tuesday the company will not sell its stake in Japan’s LY Corp., the operator of popular mobile messenger Line, in the “short term” amid LY’s…
First vice finance minister tapped as FSC chief
First Vice Finance Minister Kim Byoung-hwan has been nominated to lead the Financial Services Commission, South Korea’s top financial policy-making unit, the presidential office announced Thursday. In nominating Kim, the…
Bears sign Japanese pitcher Shirakawa to temporary contract
The Doosan bears announced Wednesday they have signed Japanese pitcher Keisho Shirakawa as a temporary replacement for injured starter Brandon Waddell. The Bears said Shirakawa agreed to a deal worth…
