KB News DeskSamsung SDI to sell W4.45tr Samsung Display stake to fund future growth
Samsung SDI said Friday it will sell a portion of its stake in affiliate Samsung Display for 4.45 trillion won ($3.22 billion), as the battery maker seeks to secure funds…
Korea builds 'fiscal reservoir' for chip tax windfall, rewrites school funding
W100tr Future Response Fund takes shape as Korea rethinks how to use tax windfalls South Korea unveiled plans Friday to create a new fiscal fund that will channel tax revenue…
Kakao rules out turning Kakao X into holding company
Kakao said Friday it has no plans to turn Kakao X, the investment company to be created through its planned corporate split, into a holding company. “We can say with…
National Museum's royal seal keycaps sell out in an hour
A keycap keyring modeled after two Joseon-era royal seals became the latest item from the National Museum of Korea’s merchandise line to sell out almost immediately after being restocked. The…
Stocks end higher on chip gains amid hopes for shareholder return plans
Seoul stocks ended higher on Friday as investors pin hopes on large-scale shareholder return schemes from the country’s top two chipmakers — Samsung Electronics and SK hynix. The Korean won…
Lee names new trade minister week after predecessor’s dismissal
President Lee Jae Myung named veteran trade bureaucrat Park Jung-sung as the country’s new trade minister Friday, as Seoul navigates sensitive tariff and investment negotiations with Washington. Park, who has…
UK investors lead Korean stock sell-off as US funds keep buying
Bond investment extends for fourth month as foreign investors dump Korean equity Foreign investors pulled sharply out of South Korean equities in July, with UK investors leading a massive stock…
LG Display cuts cost burden as post-LCD restructuring shows results
Lower production costs are giving the OLED-focused business more earnings room LG Display returned to a first-half operating profit despite lower sales, as restructuring and a shift away from low-margin…
A $7,200 wine set? Chuseok gifts go big
Chuseok gift season is arriving early — and at the high end, a bottle of wine comes with a 10 million-won price tag. Department stores and hotels are rolling out…
Industry minister says 'meaningful progress' achieved in talks with U.S.
The industry minister said Thursday that Seoul and Washington have made meaningful progress in talks on South Korea’s strategic investment projects in the United States, with additional details to be…
