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

The National Assembly is set to open a plenary session Thursday to vote on a special counsel bill to investigate whether President Yoon Suk Yeol committed insurrection and other violations over his short-lived declaration of martial law last week. The Assembly will also vote on a bill mandating a special counsel probe into two key allegations involving first lady Kim Keon Hee -- her alleged involvement in a stock manipulation scheme and interference in election nominations through a power broker

Police ended their hourslong attempt on Wednesday to raid the presidential office as the presidential security service refused to cooperate with their investigation into President Yoon Suk Yeol's alleged insurrection through his brief imposition of martial law last week. Instead, Yoon's office voluntarily submitted "very limited" documents and materials to the police. A team of 18 investigators arrived at the presidential office compound shortly before noon to search for ma

BEIJING, Dec. 11, 2024 /PRNewswire/ -- Heads of major international economic organizations hailed China's remarkable economic achievements and expressed confidence that China will remain a global growth engine as they gathered in Beijing for the "1+10" dialogue. Chinese President Xi Jinping met with them on Tuesday, reaffirming China's economic confidence and pledging to expand openness to provide more development opportunities for the world. The biggest engine of world economic gr

Sustainability Innovation Week launches with new water research center RIYADH, Saudi Arabia, Dec. 11, 2024 /PRNewswire/ -- Science Technology and Innovation Day saw delegates at COP16 in Riyadh seek to harness the restorative potential of innovation in combatting land degradation, desertification and drought. An action-packed agenda included an array of discussions and events, with subject-matters ranging from the use of increased satellite coverage for monitoring land degradation,

TAIPEI, Dec. 11, 2024 /PRNewswire/ -- Microip (Ticker: 7796) debuted on Taiwan's Emerging Stock Market on December 9 at a reference price of NT$60 per share. The stock opened at NT$74.5 and climbed to a high of NT$103, an increase of nearly 72%. With Concord Securities as the underwriter, this listing brings fresh momentum to the semiconductor sector. At the heart of its business is the "Ultra-Fast IC Design Platform," enabling Microip to expand into semiconductor design, AI, and IoT

Violinist Lee Soo-been, who is set to take the stage with One Korea Orchestra under the baton of Chung Myung-whun on Sunday, said she is looking forward to collaborating with the maestro for the first time in 11 years. The 24-year-old recalled her first performance with him in 2013 for a Children's Day outdoor concert, hosted by the Seoul Philharmonic Orchestra and also featuring pianist Cho Seong-jin, then 19 years old. At the time, 13-year-old Lee performed the third movement of Tchaikovs

An exhibition exploring the meaning of letters on everyday objects from ancient to modern times is running at an open storage facility of the National Folk Museum of Korea in Paju, Gyeonggi Province, through March 3. The exhibition “A Journey Around the Characters” features some 290 household objects, mainly porcelain and earthenware. The collection ranges mostly from the Joseon era (1392-1910) to Korea’s 1945 independence from Japan. The latest showing by the state-run museum

The National Assembly has launched an investigation of President Yoon Suk Yeol’s martial law enactment on Dec. 3, after a commander testified he received direct orders from the president to detain lawmakers. Speaker Woo Won-shik told reporters Wednesday that the commander’s testimony given at the Assembly national defense committee a day prior suggested Yoon tried to block lawmakers from gathering to prevent them from exercising their constitutional duties. “If the testimony is

In a historic night for South Korea, Han Kang received the Nobel medal and diploma from King Carl XVI Gustaf of Sweden during the award ceremony held at the Concert Hall in Stockholm. "Just as inevitably, the work of reading and writing literature stands in opposition to all acts that destroy life. I would like to share the meaning of this award, which is for literature, with you -- standing here together," said Han in English during her acceptance speech at the banquet following the a

Early bird discounts now available for a limited time for retail's premier industry event   SINGAPORE, Dec. 11, 2024 /PRNewswire/ -- The countdown to the highly anticipated NRF 2025: Retail's Big Show Asia Pacific (NRF 2025 APAC), organised by the National Retail Federation (NRF) in the United States and global event organiser Comexposium, has officially begun, with registration now open for conference and expo passes. Set to take place June 3-5, 2025, at Singapore's iconic Sands Expo a

HOUSTON, Dec. 11, 2024 /PRNewswire/ -- Viking Engineering, a 100% employee-owned GATE Energy company, is proud to announce that their laboratory division, Viking Laboratory Services, has successfully achieved ISO 17025 accreditation. ISO 17025 is the international standard for testing and calibration laboratories. It sets out requirements for the competence, impartiality, and consistent operation of laboratories, ensuring the accuracy and reliability of their testing and collaboration result

Seoul shares opened slightly higher Wednesday as a widespread investigation into President Yoon Suk Yeol's brief martial law declaration by various law enforcement agencies gained traction. The benchmark Korea Composite Stock Price Index added 6.44 points, or 0.27 percent, to 2,424.28 in the first 15 minutes of trading. The president faces a criminal investigation in connection with insurrection and other charges related to his short-lived martial law order last week. Earlier in the day, he

SHANGHAI, Dec. 10, 2024 /PRNewswire/ -- Noah Holdings recently hosted its 2024 Corporate Open Day in Hong Kong. Across three key panel discussions, Noah's executive management team outlined the company's strategic initiatives including global expansion, innovation, and its competitive global investment product offerings. Presentations also provided insights into the into the evolving wealth management needs of global Mandarin-speaking individuals and corporate clients. Wrapping up a remarka

HONG KONG, Dec. 10, 2024 /PRNewswire/ -- The Yidan Prize Foundation, the global philanthropic foundation behind the world's highest education accolade, hosted the 2024 Yidan Prize Summit in Hong Kong on 9 December. Themed 'Future-proofing education: the essential role of resilience', this year's Summit offered a robust platform for researchers, policymakers, philanthropists, and education leaders globally to exchange ideas on innovative means to build resilience in a fast-changing wo