KB News DeskSeoul shares end tad higher, snapping 2-day losing streak
South Korean stocks ended modestly higher Monday, snapping a two-day losing streak, as investors bought major chip-related shares on bargain hunting after Wall Street extended its record-setting rally. The Korean…
Caregiver gets suspended sentence for taking W20m from dementia patient's bank account
A caregiver in her 70s has received a suspended prison sentence for taking more than 20 million won ($14,000) from an elderly dementia patient she had cared for, the Cheongju…
Lee orders relocation of Gwangju air base by mid-2028 for chip hub
President Lee Jae Myung on Monday ordered military operations to be shifted from Gwangju Air Base to other airfields by mid-2028, seeking to accelerate the construction of a second semiconductor…
US’ $3b mineral drive spotlights Korea’s China-free supply chains
Korea Zinc, Posco gain strategic edge in US mineral push Washington’s new $3 billion critical minerals initiative has put South Korean processors and miners in the spotlight as the US…
Budget coffee takes Korean identity overseas
Chains seek growth abroad as domestic saturation and rising costs squeeze margins Korea’s budget coffee chains, built on affordability and accessibility, may be pushing the market to saturation, and rising…
Won nears 1,300s after sharpest swings since financial crisis
SK hynix dollar conversion, easing foreign sell-off, stronger yen drive rapid rebound The South Korean won is nearing the 1,300-per-dollar range after weakening to 1,550 in just over a month,…
HD Hyundai Heavy wins record $674m US data center power deal
HD Hyundai Heavy Industries said Monday it has secured a 956 billion won ($675 million) deal to supply power generation systems for a US data center project, marking its largest-ever…
After saving Gangneung's lone dolphin, Aqua Planet sets sea turtles free off Jeju
Aqua Planet plans to release rehabilitated green sea turtles (Chelonia mydas) off Jeju Island later this month, adding to a run of marine conservation work that recently included helping rescue…
Opposition lawmakers seek two-year extension of tax deferral for venture reinvestment
People Power Party Rep. Ahn Cheol-soo, a four-term lawmaker and former software entrepreneur, has joined with nine other PPP lawmakers to propose a two-year extension of a tax deferral scheme…
KT&G raises outlook after record first-half revenue
Overseas tobacco sales and price increases drive fourth straight quarter of double-digit profit growth KT&G delivered double-digit profit growth for a fourth straight quarter, posting record first-half revenue as its…
