38+ min ago   (146+ words) SEOUL, Sept. 4 (Yonhap) -- South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. maintained their positions as the top two players in the global NAND flash memory market in the second quarter, as the market continued to expand, industry data…...

59+ min ago   (203+ words) SEOUL, Sept. 4 (Yonhap) -- The proposed restructuring of state-run firms is aimed at responding to major changes in the industrial landscape, including the artificial intelligence (AI) transformation, rather than cutting costs, a finance ministry official said Friday. The remarks came after…...

1+ hour, 28+ min ago   (250+ words) SEOUL, Sept. 4 (Yonhap) -- The government said Friday it plans to launch a new consolidated power generation company in October next year as part of its initiative to streamline state-run businesses and improve their efficiency. On Thursday, the South Korean government…...

3+ hour, 23+ min ago   (197+ words) SEOUL, Sept. 4 (Yonhap) -- Seoul stocks were trading higher late Friday morning as remarks from a U.S. Federal Reserve governor eased concerns over further rate hikes. The benchmark Korea Composite Stock Price Index (KOSPI) was trading up 81.74 points, or 1.24 percent, to 6,661.22, as…...

4+ hour, 12+ min ago   (225+ words) SEOUL, Sept. 4 (Yonhap) -- Shinsegae Group Chairman Chung Yong-jin attended an event marking the launch of a U.S. government-backed training program and met with key U.S. government officials, the South Korean retail conglomerate said Friday. Foundry School, a partnership between the U.S. State Department…...

4+ hour, 41+ min ago   (170+ words) SEOUL, Sept. 4 (Yonhap) -- South Korea's customs agency said Friday it will speed up import clearance to facilitate the supply of goods ahead of the Chuseok holiday later this month, including by operating special support teams around the clock. The Korea…...

4+ hour, 47+ min ago   (256+ words) SEOUL, Sept. 4 (Yonhap) -- South Korea's finance minister on Friday discussed measures to stabilize financial markets amid growing concerns over rising interest rates and heightened volatility in global markets amid renewed tensions in the Middle East. Finance Minister Koo Yun-cheol reviewed…...

5+ hour, 23+ min ago   (186+ words) SEOUL, Sept. 4 (Yonhap) -- Hyundai Motor Group said Friday it will introduce hydrogen fuel cell buses and build electric vehicle (EV) charging infrastructure in Oman in partnership with the Omani government and local companies. The automotive group signed memorandums of understanding…...

5+ hour, 38+ min ago   (219+ words) SEOUL, Sept. 4 (Yonhap) -- Four U.S. companies have committed to investing a combined 2.8 trillion won (US$2 billion) in South Korea in the semiconductor, advanced materials and energy sectors, the industry ministry said Friday. The Ministry of Trade, Industry and Resources announced the…...

5+ hour, 51+ min ago   (123+ words) SEOUL, Sept. 4 (Yonhap) -- Seoul stocks opened higher Friday, tracking overnight gains on Wall Street as investor concerns over further U.S. interest rate hikes eased following dovish remarks from a Federal Reserve official. The benchmark Korea Composite Stock Price Index (KOSPI) opened…...