Seoul shares opened higher Monday as the US Federal Reserve is expected to await more evidence that inflation is under control before cutting rates this year. The benchmark Korea Composite Stock Price Index rose 8.11 points, or 0.3 percent, to 2,754.74 in the first 15 minutes of trading. Fresh inflation data released Friday was in line with the US central bank's expectations. Fed Chair Jerome Powell said it would not be appropriate to cut rates until officials are sure inflation is on track

South Korea entered into full-scale election mode late last week, with political parties launching their official campaigns to stretch until the April 10 poll to elect all 300 members of parliament. The election is held as the country struggles to overcome daunting challenges from virtually all fronts at home and abroad. Even before the official campaign period started, major parties and their candidates had already been engaged in various events across the country to meet and directly appeal to

Foreigners net purchased over 15 trillion won worth of local shares in the first three months of the year, breaching the 15 trillion-won mark for the first time in history, data showed Saturday. Foreign investors scooped up a net 15.77 trillion won ($11.7 billion) worth of shares in the first quarter, the highest quarterly figure since the country's main stock exchange KRX began compiling such data in 1998. The previous record was 14.79 trillion won tallied in the third quarter of 2009, acc

Lee Seo-hyun, the second daughter of late Samsung Group Chairman Lee Kun-hee and the younger sister of Samsung Electronics Chairman Lee Jae-yong, is returning to the management as she takes the post of president at Samsung C&T. Samsung C&T, the construction and energy arm of Samsung Group that acts as a holding company for major affiliates of the group, said Friday that it named Lee as the president, who is in charge of the company’s strategy planning. “She is expected to con

South Korean stocks finished nearly unchanged Friday as investors took a wait-and-see stance ahead of a key US inflation report that would set the tone for the Federal Reserve's rate-setting decision. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 0.81 point, or 0.03 percent, to close at 2,746.63. Trade volume was moderate at 485.5 million shares worth 11 trillion won ($8.17 billion), with losers beating winners 603 to 270. Foreign inves

Samsung Electronics said Friday it has opened a new TV experience zone in Singapore's Jewel Changi Airport -- the lush entertainment and retail complex connecting Changi Airport's terminals 1, 2 and 3 -- to introduce its latest products. The tech giant will display there its newest products, including the 2024 Neo QLED 8K TV, equipped with a third-generation artificial intelligence 8K processor, and OLED TVs that preserve color accuracy and reduce reflections while maintaining image sh

South Korean stocks opened almost unchanged Friday ahead of a key inflation report from the United States. The benchmark Korea Composite Stock Price Index added 0.13 point to 2,745.95 in the first 15 minutes of trading. US stocks finished mixed Thursday, as the Dow Jones Industrial Average edged up 0.12 percent and the Nasdaq composite lost 0.12 percent. US core personal consumption expenditures price index data, the Fed's preferred gauge of inflation, is slated for Friday. In Seoul, market

South Korean stocks ended slightly lower Thursday ahead of the release of a key US inflation report due later this week and on remarks by a Fed official that more data are necessary to cut rates. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index lost 9.29 points, or 0.34 percent, to close at 2,745.82. Trade volume was moderate at 412.5 million shares worth 11.7 trillion won ($8.69 billion), with losers beating winners 561 to 290. Institutions remain

SEOUL, South Korea, March 28, 2024 /PRNewswire/ -- The BRANDSTARS Selection Committee hosted the 6th 2024 Korea Representative Brand and selected Korea's best brands by industry. This event, which is announced annually through major media outlets in China and other Asian countries, has been organized to provide global customers with reasonable product information and promote the growth of corporate brand value by selecting and publicizing Korea's representative brands known for excellent

South Korean stocks opened a tad lower Thursday despite gains on Wall Street. The benchmark Korea Composite Stock Price Index lost 1.98 points, or 0.07 percent, to 2,753.13 in the first 15 minutes of trading. US stocks finished higher to end their three-day losing streak on Wednesday. The Dow Jones Industrial Average jumped 1.2 percent, and the Nasdaq composite gained 0.5 percent. In Seoul, large-cap shares led the bearish start. Leading battery maker LG Energy Solution dropped 1.1 percent, and

LONDON, March 27, 2024 /PRNewswire/ --  Omdia's latest Competitive Landscape Tool report reveals a downturn in the semiconductor industry, with revenue down 9% from $597.7 billion in 2022 to $544.8 billion in 2023. This decline follows two years of record growth, highlighting the cyclical nature of the semiconductor market. Total semiconductor revenue "The extended upswing that commenced during the COVID era has concluded. Following a surge in semiconductor deman

South Korean stocks finished nearly flat Wednesday ahead of the releases of key US inflation data as investors cashed in recent gains. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 1.98 points, or 0.07 percent, to close at 2,755.11. Trade volume was moderate at 482.5 million shares worth 11.3 trillion won ($8.38 billion), with losers outnumbering winners 499 to 367. Individuals and institutions led the slight decline, dumping a net

In the latest artificial intelligence boom, SK hynix will boost sales of its high bandwidth memory, or HBM, a critical chip to generative AI tools, to improve profitability, SK hynix Chief Executive Officer Kwak Noh-jung said at a general shareholders meeting Wednesday. Concerning the Wall Street Journal's report on SK hynix' plan to invest $4 billion to build an advanced chip packaging facility in Indiana, Kwan said nothing has been decided yet. "Even if (the market) experiences

South Korean stocks opened a tad lower Wednesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 6.94 points, or 0.25 percent, to 2,750.15 in the first 15 minutes of trading. US stocks finished lower ahead of key inflation data. The Dow Jones Industrial Average fell 0.08 percent, and the tech-rich Nasdaq Composite slid 0.42 percent. In Seoul, market heavyweights traded in mixed territory. Samsung Electronics, the world's largest memory chipmak

South Korean stocks rose Tuesday to end a two-session losing streak buoyed by strong semiconductor shares. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 19.52 points, or 0.71 percent, to close at 2,757.09. Trade volume was moderate at 439.5 million shares worth 11.9 trillion won ($8.88 billion), with gainers closely beating decliners 452 to 404. Foreign and institutional net purchases worth a combined 1.15 trillion won led the daily increa