South Korea

Indian remote workers can now stay in South Korea for up to 3 years

After Samsung agreed to hefty employee bonuses, labour unions at Hyundai, Kakao, Naver and other major South Korean companies are stepping up demands for higher profit-linked payouts

Fund managers worldwide are increasingly tracking South Korean equities as swings in Samsung Electronics and SK Hynix shape sentiment across global AI and semiconductor stocks

The company's United States (US)-listed shares dropped 7.9 per cent to $154.7 in early trading after jumping more than 12 per cent in their Nasdaq debut on Friday

The Seoul Central District Court found Yoon guilty of illegally receiving free opinion polling services worth 270 mn won (US$180,100) from political broker Myung Tae-kyun during his 2021-2022 campaign

While the index has outperformed global peers, it remains at a deep discount to other chip-heavy gauges. The Kospi's price-to-earnings ratio is one-third the current multiple for Taiwan's Taiex

The deal comes as Asian chip companies tap strong global demand for AI-related stocks

Samsung and SK Hynix will invest $517.87 billion with suppliers to build two new chip fabrication sites

While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.

The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office

The benchmark KOSPI was down 730.49 points, or 8.18 per cent, at 8,199.81, as of 0318 GMT

EAM Jaishankar said the world cannot rely on a few countries to uphold global rules, calling for resilient supply chains, stronger cooperation and greater representation for the Global South

Emerging-market assets weakened as a stronger US dollar dampened risk appetite, while South Korean stocks rebounded after a sharp tech-driven selloff

AI-driven chip demand is powering South Korea and Taiwan's economies, but the windfall is deepening inequality and exposing a widening K-shaped divide

External Affairs Minister S Jaishankar on Wednesday held talks with his South Korean counterpart Cho Hyun, focusing on bilateral cooperation and the rapidly changing global situation, the leaders said. Jaishankar is currently in South Korea on a two-day visit - the second leg of an ongoing foreign tour - after having visited Mongolia. "It is a great pleasure to be back in Seoul and to meet you and your team today for our discussions," Jaishankar said in his opening remarks, noting that the meeting was timely, given the state of the world and the importance of the bilateral relationship. The talks focused on follow-up measures in the key areas of trade, investment and finance, agreed during South Korean President Lee Jae-myung's state visit to India in April. Jaishankar emphasised that as foreign ministers, it was their responsibility to take the relationship forward and build a more forward-looking, contemporary partnership. "The potential of our relationship remains to be realise

South Korea’s stock market suffered a sharp sell-off as the KOSPI plunged 10%, triggering a trading halt. AI-driven giants Samsung and SK Hynix, which had powered a spectacular rally, led the decline

VK Vijayakumar has attributed the fall to a combination of factors, including sharp profit-taking, stretched valuations in AI and semiconductor-linked stocks, and elevated leverage in the system.

The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange

The Republic of Korea expanded its Top-Tier Visa to include academic researchers and professors, as part of efforts to attract global science and technology talent.

Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won