SK hynix reports earnings surprise in Q3 on AI chip boom

SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time high profit, sales and net income in the July-September period this year, riding on the robust demand for its artificial intelligence chips. The company reported a quarterly operating profit of 7.03 trillion won ($5.1 billion), compared with a loss of 1.79 trillion won a year ago. The figure is higher than the consensus of 6.76 trillion won by local analysts provided by market intelligence F

TechnologyOct. 24, 2024

Hyundai Motor's Q3 profit missses estimates

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won. The automaker explained in a conference call that a proactive warranty extension for the North American Grand Santa Fe, a sport utility vehicle, caused a provision of about 320 billion won and affected the lower-than-expected operating profit for the July to Sept. period. Despite the dip

CompaniesOct. 24, 2024

Hyundai Glovis adopts fire control system for safer EV shipping

Hyundai Glovis, Hyundai Motor Group's logistics and distribution subsidiary, said Thursday that it has equipped its automobile carriers with a fire suppression system to prevent potential incidents while delivering electric vehicles. The EV-Drill Lance system is designed to quench electric vehicle fires. High-pressure water flowing from a fire hydrant spins turbines, enabling the drill to pierce to the bottom of a car. Water can then flow into the battery pack and fully extinguish the fire

IndustryOct. 24, 2024

Jessi apologizes for assault case involving fan

Rapper-singer Jessi apologized Wednesday following heavy backlash after a fan was assaulted by a man who was with her at that time. In a statement posted to her Instagram account, the Korean-American singer expressed regret and apologized. “I deeply apologize to the victim and his family for causing pain,” she said. “From the moment the incident happened until now, I have hurt many, including the victim, and left them feeling betrayed and angry due to my wrong actions, attitude

Social AffairsOct. 24, 2024

In first, North Korea drops leaflets targeting South Korean presidential couple

North Korea on Thursday flew another batch of trash balloons toward the South, most of which landed in Seoul and nearby areas, including Yongsan where the presidential office is located, according to the South Korean Joint Chiefs of Staff. For the first time since the balloon offensive began in May, the balloons carried leaflets targeting President Yoon Suk Yeol and his wife, Kim Keon Hee. Some leaflets called Yoon a “thug” while others accused the first lady of going on extravagant

PoliticsOct. 24, 2024

Man stops attack against store clerk

A man is being considered for commendation after intervening in an assault against a convenience store clerk, local media outlets reported Thursday. According to the local broadcaster YTN, the attack occurred at a convenience store in Gangnam-gu, southern Seoul in the early hours of Tuesday morning. The suspect, identified only as a foreign national in his 20s, attempted to buy a bottle of soju but the store clerk in his 60s repeatedly refused to sell it, citing that the suspect needed an ID to

Social AffairsOct. 24, 2024

Tattoo artist calls for all body inking to be legal at audit

The debate on legalizing tattooing by non-medical practitioners further heightened on Thursday, after a veteran tattoo artist called to scrap the decades-old regulation that officially restricts the practice to only being conducted by licensed medical personnel. "I looked around the room, and about half of the people here have tattoos. But I don't think there's a single person who got it legally," Kim Do-yoon, who heads the country's first labor union of tattooists, told

Social AffairsOct. 24, 2024

New envoy expects upgrade in Uzbek-Korean ties

Uzbekistan’s newly appointed Ambassador to South Korea Alisher Abdusalomov expressed hopes for expanded economic, academic and tourism cooperation during a courtesy visit to Herald Media Group on Wednesday. “It’s very interesting to hear the concerns of Korean companies and CEOs when doing business overseas at (The Herald's) Global Business Forum,” Abdusalomov said, sharing his memories of attending Herald Media Group’s biannual forum held last year. Herald Med

Foreign AffairsOct. 24, 2024

Campaign for proper K-food names

The Seoul city government announced a campaign to promote standardized foreign-language names for Korean foods on Thursday, aiming to boost culinary tourism by providing accurate translations for international visitors. The initiative, in collaboration with the Seoul Tourism Organization and the Korea Food Service Industry Association, runs until Nov. 1 and focuses on correcting mistranslations of famous Korean dishes. Foreign tourists often encounter baffling translations on menus, including no

Social AffairsOct. 24, 2024

Why ex-Elliott activist fund is building stake in SK

London-based hedge fund Palliser Capital was recently found to have held a stake of more than 1 percent in SK Square, the investment arm of SK Group, for years, triggering speculation about another round of activist campaigns against the nation’s second-largest conglomerate. According to industry sources on Thursday, the fund -- founded by Chief Investment Officer James Smith, who previously worked at Elliott Investment Management -- held several meetings with SK Square executives recently

IndustryOct. 24, 2024

Han Kang's Nobel win sparks reading boom in Korea

Han Kang's historic win of the Nobel Prize in literature appears to have sparked a reading boom across South Korea, with data showing that locals have bought substantially more books following the Oct. 10 announcement. BC Card, one of the biggest credit card companies here, analyzed online and offline sales at major book outlets in recent weeks. It found that book sales of BC Card users for the period of Oct. 10-16 jumped by 39.2 percent compared to the previous week. Book sales in that sev

BooksOct. 24, 2024

Doosan Enerbility to support Kazakhstan's energy modernization

Doosan Enerbility has signed an agreement with Kazakhstan’s Ministry of Energy to help modernize the country’s power infrastructure, the Korean nuclear power plant builder announced Thursday. The memorandum of understanding was formalized during a Wednesday visit by Kazakhstan’s Energy Minister Almassadam Satkaliyev to Doosan’s headquarters in Changwon, South Gyeongsang Province. Accompanying the minister were senior officials, including the heads of Kazakhstan’s nu

IndustryOct. 24, 2024

Draft-dodger falls from building trying to run from investigators

A young man on the run for allegedly dodging his mandatory military service survived a fall from a building while trying to evade prosecutors, officials said Thursday. The suspect, in his late 20s and wanted for violating the Military Service Act, was visited at his home in Namyangju, Gyeonggi Province by officials from the Namyangju Branch of the Uijeongbu District Prosecutors' Office at around 12:40 p.m. on Monday. One investigator knocked on the door while the other was standing by outsi

Social AffairsOct. 24, 2024

Asiana starts direct flights to Egypt

Asiana Airlines has started direct charter flights from Incheon to Cairo, according to the Egyptian Embassy in South Korea at an event Wednesday. Hosted by Egyptian Ambassador to Korea Khaled Abdel Rahman, the event showcased tourism and culture with presentations from travel agencies from Korea. In his address, Rahman applauded the cooperation of Asiana Airlines and major South Korean tour operators such as Hana Tour, Mode Tour, Verygood Tour and Yellow Balloon Tour. "The message we want t

Foreign AffairsOct. 24, 2024

What would N. Korean troops mean for the war with Ukraine?

KYIV, Ukraine (AP) — US and South Korean officials said Wednesday that there’s evidence North Korea has dispatched troops to Russia in a potential escalation of the nearly 3-year-old war with Ukraine. If the soldiers’ goal is fighting with Russia in Ukraine, it would be the first time a third country puts boots on the ground in the war. Other countries on both sides of the divide have sent military aid, including weapons and training: Iran has supplied Russia with drones, and W

North KoreaOct. 24, 2024

DP to push bill targeting first lady for vote at next month's plenary session

The main opposition Democratic Party plans to push for the passage of a bill calling for a special counsel probe into allegations involving first lady Kim Keon Hee at a parliamentary plenary session next month, an official said Thursday. The DP has previously voted for two similar bills, only to see them scrapped in revotes conducted following President Yoon Suk Yeol's vetoes. A DP official told Yonhap News Agency that a new bill is likely to be reviewed in the legislation and judiciary par

PoliticsOct. 24, 2024

[해커스 TOEIC] 토익 점수 Up 단어, Part 5 문제

2) 파트 5 3문제 1. The basketball players performed at their best, ------- beating the opposing team by more than 20 points. (A) expertly (B) expert (C) expertise (D) ex pertness 해석 그 농구 선수들은 20점이 넘는 점수 차이로 상대 팀을 훌륭하게 이기며 최선을 다해 경기했다. 해설 부사 자리 채우기 문제 빈칸은 ‘beating the opposing team by more than 20 points’라는 구 전체를 꾸며주는 자리이므로 ‘훌륭하게’라는 뜻의 부사 (A) expertly가 정답이다. 명사 (B), (C), (D)는 부사 자리에 올 수 없다. 참고로 부사는 명사를 제외한 나머지 품사들과 구, 절, 문장 전체를 꾸며준다는 것을 알아둔다. 어휘 beat 이기다, 통제하다 opposi

English EyeOct. 24, 2024

N. Korea installing unidentified structures on disconnected inter-Korean road: source

North Korea is building unidentified structures on an eastern inter-Korean road that it blew up last week, a source said Thursday, amid heightened cross-border tensions over the North's border activities. Last Tuesday, North Korea blew up sections of the eastern Donghae Line and the western Gyeongui Line, just north of the border, days after vowing to cut off all roads and railways linked to the South and build front-line defense structures. Since the explosions, South Korea's border s

North KoreaOct. 24, 2024

Seoul shares open lower on US losses

Seoul shares opened lower Thursday, tracking losses on Wall Street amid concerns over a slower pace of the US Federal Reserve's rate cuts. The benchmark Korea Composite Stock Price Index fell 8.92 points, or 0.34 percent, to 2,590.70 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.96 percent to 42,514.95, while the tech-heavy Nasdaq Composite declined 1.6 percent to 18,276.65. In Seoul, large-cap stocks were mixed. Market bellwether Samsung Electronics

MarketOct. 24, 2024

[팟캐스트] (630) 인니에서는 K-푸드도 할랄인증 필요?

진행자: 김혜연, Kevin Selzer [KH Explains] Indonesia's halal certification: Double-edged sword for Korean food industry? 기사 내용: 인도네시아 수입식품 할랄인증 표기 의무화, 한국 식품기업에 미칠 영향에 대하여 [1] Indonesia’s new regulation mandating Halal certification for all imported food products is expected to widen the export gap between large conglomerates and small businesses in Korea due to the high costs and time need to meet the requirements. *mandating 명령[지시]하다 *widen 확대하다, 넓히다 [2] After a five-year grace period, t

PodcastOct. 24, 2024