Seoul shares ended lower Monday, snapping their four-session winning streak, as foreign investors moved to take profit after market volatility decreased following President Yoon Suk Yeol's impeachment over the weekend. The Korean won was trading lower against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 5.49 points, or 0.22 percent, to close at 2,488.97. The Kospi had kicked off 0.43 percent higher before turning lower. Trade volume was moderate at 515 million

With a rising number of social media impersonation scams targeting influential executives of Korea’s major companies, there are increasing calls for stronger regulations to prevent social harm. According to sources on Monday, the Seoul Metropolitan Police Agency recently launched an investigation into multiple social media accounts impersonating Sung Kim, an advisor and newly appointed president of the strategic planning division at Hyundai Motor Group. The police have identified over 14 F

Amid intensifying competition to secure top talent in the critical semiconductor market, US-based Micron Technology is reaching out to Korean universities, offering students on-the-spot hiring opportunities and attractive benefits packages. In response, Korean chipmakers Samsung Electronics and SK hynix are also ramping up their efforts, forging partnerships with overseas universities and having their CEOs deliver speeches to appeal to young talent. Micron, the world’s third-largest DRAM m

Seoul shares kicked off higher Monday on eased market volatility after President Yoon Suk Yeol's impeachment over the weekend following his failed martial law bid. The benchmark Korea Composite Stock Price Index (Kospi) added 10.79 points, or 0.43 percent, to 2,505.25 in the first 15 minutes of trading. On Saturday, the National Assembly passed a motion to impeach Yoon to hold him accountable for his botched martial law declaration earlier this month that shocked the nation. Tech behemoth S

South Korea’s parliament voted to impeach President Yoon Suk Yeol on Saturday, marking the culmination of over a week of intense political turmoil following Yoon’s botched attempt to impose martial law on Dec. 3. While the impeachment awaits a final ruling by the Constitutional Court, observers note that the National Assembly’s decision has alleviated some of the uncertainty that clouded the market in recent weeks. Korea’s major conglomerates are now turning their attenti

This year, Kenya celebrated two special milestones: 61 years of independence and 60 years of Kenya-Korea diplomatic relations. Kenya attained its independence on the Dec. 12, 1963, and weeks later, Kenya and the Republic of Korea established diplomatic relations on Feb. 7, 1964. With Korea having opened a resident mission in Nairobi, Kenya opened its embassy in Seoul in May 2007. Since then, Seoul has been host to four Kenyan ambassadors. I am honored to be the fourth ambassador, having presente

President Yoon Suk Yeol has officially become the third South Korean president to face an impeachment trial, following the National Assembly’s passage Saturday of a motion to initiate the process for his removal from office. While Yoon is widely seen as having brought disgrace upon himself due to his ill-fated martial law attempt on Dec. 3, he now joins a long list of troubled Korean presidents. Here are six presidents whose careers have been ended in disgrace or tragedy. 1. Park Geun-

Samsung Electronics plans to launch its extended reality headset next year, developed in collaboration with US tech giants Google and Qualcomm Technologies. The launch is expected to intensify competition with Apple's Vision Pro and Meta's Quest. At the "XR Unlocked" developer event on Thursday at Google's New York campus, Google introduced Android XR, a new operating system designed for extended reality devices. Samsung also unveiled its first device powered by Androi

Forbes has released its 2024 list of the "World's 100 Most Powerful Women," recognizing two South Korean leaders: Hotel Shilla CEO Lee Boo-jin and Naver CEO Choi Soo-yeon. Lee ranked 85th, while Choi placed 99th on the annual list. The ranking, which evaluates candidates based on wealth, media presence, influence, and scope of activities, saw both executives return from last year, when Lee was ranked 82nd and Choi 96th. Forbes highlighted Lee's role as CEO of Hotel Shilla

Samsung Electronics is set to participate in the first-ever project to deploy an Open Radio Access Network in Latin America by teaming up with US-based telecom giant Liberty Latin America. The Korean tech giant’s network division will supply its virtualized radio access network solutions for the commercial Open RAN network in Puerto Rico, according to industry sources on Friday. Samsung has partnered with Liberty Puerto Rico, the US firm's local subsidiary with 870,000 subscribers, to

Seoul shares opened slightly lower Friday, tracking overnight losses on Wall Street from discouraging US economic data. The benchmark Korea Composite Stock Price Index (Kospi) fell 1.66 points, or 0.07 percent, to 2,480.46 in the first 15 minutes of trading. Overnight, US stocks fell due to inflation concerns as US wholesale prices accelerated in November, coupled with higher-than-expected initial jobless claims. The tech-heavy Nasdaq composite dropped 0.66 percent, and the S&P fell 0.54 per

Samsung Electronics will hold executive-level meetings next week to discuss business plans for next year, industry sources said Thursday. The global strategy meeting for the company's electronics products business will take place on Tuesday and Wednesday, followed by the semiconductor division's meeting on Thursday, according to the sources. At the biannual event, Samsung Electronics' executives share current issues by sector and region and discuss next year's business goals

Year-end executive reshuffles often serve as a barometer of a company’s present challenges and future ambitions. This year, Samsung Electronics and Hyundai Motor Group, two of South Korea's leading chaebol, unveiled contrasting leadership strategies to navigate the challenges of 2025. Observers note that Samsung opted for minimal changes, retaining many familiar faces, while automaker Hyundai embraced change, including the appointment of its first foreign CEO. Samsung: Uncertain t

South Korean stocks jumped more than 1.6 percent Thursday, extending their winning streak to the third consecutive session, amid lingering uncertainties over the possible impeachment of President Yoon Suk Yeol due to his botched martial law declaration. The local currency rose slightly against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) jumped 1.62 percent, or 39.61 points, to close at 2,482.12. Trade volume was moderate at 651.7 million shares worth 11.86 trillion won

Seoul shares opened higher Thursday, tracking overnight gains of US blue chip tech shares backed by US Consumer Price Index data, which cemented bets for another rate cut by the Federal Reserve. The benchmark Korea Composite Stock Price Index added 20.41 points, or 0.84 percent, to 2,462.92 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite and the S&P 500 gained ground as investors digested the new US CPI, which was in line with expectations and backed forecasts