Page 2 - South Korea

North Korean hacking group builds AI tools to automate cyberattacks: Report

The tools could allow operators to process documents without sending sensitive information to external AI services, the report said

South Korean satellite captures first images of SpaceX rocket crash on moon

A South Korean satellite has captured the first pictures of the moon's fresh crash scene caused by a stray SpaceX rocket. The Korea Aerospace Research Institute's Danuri spacecraft flew over the impact site soon after the Falcon 9 upper stage inadvertently plowed into the moon on Wednesday. Danuri made multiple passes, snapping photos from lunar orbit that were released by the space agency Thursday. The terrain is noticeably darker where the rocket hit and carved out a crater, sending dust and rock everywhere. Korean space officials said Danuri gathered before and after shots. NASA expects its Lunar Reconnaissance Orbiter to fly over the crash site next week to view the aftermath. Elon Musk's SpaceX launched Danuri from Cape Canaveral in 2022. The company also sent a pair of private lunar landers to the moon last year. The upper stage from that launch is what crashed into the moon this week at 5,400 mph (8,700 kph), placed on an accidental collision course by solar activity and ..

Crushed by Kospi rout, angry Koreans rip Lee, vow not to buy stocks again

Korean retail investors face steep losses after the Kospi's sharp July reversal, exposing risks from leveraged ETFs, AI-driven rallies and crowded trades.

Asian markets rally as AI stocks rebound, Kospi surges more than 15%

South Korea's Kospi index jumped more than 15 per cent on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week. US futures edged higher, and oil prices rose. In early Asian trading, the Kospi rose 15.3 per cent to 6,447.10. Shares of South Korean technology giant Samsung Electronics surged 21.5 per cent, while memory chipmaker SK Hynix soared 25.6 per cent. The Kospi index had plummeted more than 16 per cent on Tuesday and Wednesday on a sell-off of technology stocks in part over worries about an AI bubble and rising intensive competition from chipmaking rivals in China. Tokyo's Nikkei 225 also climbed 5 per cent in early Friday trading. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 14.7 per cent, while chip equipment maker Tokyo Electron rose 9.3 per cent. Oil prices traded higher on tensions between the US and Iran, and as the Strait of Hormuz, a key waterway for oil transport, rema

SK Hynix's record profit misses forecasts, shares slump amid robust demand

To cushion itself against the industry's volatile demand cycles, the company is racing to lock in long-term supply deals

Can Indians live and work remotely from South Korea? New rules explained

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

Samsung's $400K bonus sparks wave of labour demands across South Korea

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

South Korea's AI-heavy market now sets the tone for global stocks

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

SK Hynix's Seoul shares see worst day; TSMC posts 36% hike in Q2 sales

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

Ex-South Korean President Yoon jailed 2 years in political funding case

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

World-beating stocks in South Korea are now trading cheaper than ever

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

South Korean chipmaker SK Hynix launches $28 billion Nasdaq listing

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

Samsung, SK Hynix back South Korea's $576 billion AI-chip investment plan

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

Hynix, Samsung: Why is Chris Wood betting big on these South Korean companies?

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

Samsung to unveil $648 bn investment plan as AI boom reshapes South Korea

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

S Korean shares fall 8%, set for worst week since March on US tech selloff

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

Jaishankar calls for reformed multilateralism amid global fragmentation

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

Kospi steadies after selloff as emerging-market currencies slip on dollar

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

AI riches fuel economic divide in chip powerhouse countries of Asia

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

Jaishankar, South Korean FM discuss deepening strategic ties in Seoul

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