KB News DeskDaewoong's botulinum toxin Nabota enters Kuwait
Latest rollout is 7th market in Middle East for any Korean botulinum toxin producer Daewoong Pharmaceutical’s botulinum toxin brand Nabota has entered Kuwait, expanding its presence to seven Middle Eastern…
Samsung Electro-Mechanics profit doubles on AI server parts demand
Samsung Electro-Mechanics reported its highest quarterly revenue on record for the April-June period, with sales of multilayer ceramic capacitors for AI servers and high-end semiconductor package substrates driving both growth…
Financial authorities eye cap on single-stock leveraged ETFs in individual portfolios
South Korea’s financial authorities said Wednesday they are considering imposing a cap on the proportion of single-stock leveraged exchange-traded funds in individual investment portfolios as part of efforts to curb…
Yemen gov't says Houthis planning to impose fees for Red Sea transit
A minister in Yemen’s internationally recognised government on Wednesday accused Houthi rebels of working under Iranian guidance to establish a system to impose fees for ships transiting the Red Sea…
Hospital left with W840m bill after treating unconscious patient for 6 years
A South Korean hospital that had treated an unconscious Chinese patient for more than six years was left with over 800 million won ($550,000) in unpaid medical bills after the…
Chief regulator expresses regret over leveraged ETF-led volatility
The chief financial regulator on Wednesday expressed regret over recent extreme market volatility, saying the authorities take responsibility for the turmoil amid criticism that single-stock leveraged ETFs had amplified the…
SK hynix rejects peak fears after record quarter
Five-year supply deals, sustained Big Tech spending underpin W40tr-plus investment plan SK hynix pushed back Wednesday against concerns that the AI memory boom is nearing its peak, citing five-year supply…
Krafton posts record half-year earnings on Subnautica 2 success
Korean game developer eyes long-term IP expansion with user generated-content initiatives and upcoming new titles Krafton on Wednesday reported record revenue and operating profit for the first half of this…
Seoul shares dip nearly 6% on extended chip rout amid AI skepticism
Seoul shares plunged by nearly 6 percent Wednesday following a nearly 11 percent crash the previous session as investors dumped semiconductor stocks amid growing skepticism over whether massive spending on…
Kospi crashes below 5,300 as selloff intensifies
Benchmark tumbles nearly 13%, triggering circuit breaker for second straight day South Korean stocks extended their historic selloff Wednesday, with the Kospi plunging nearly 13 percent to below 5,300 and…
