South Korea
CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks’ same-store sales decline
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, […]
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Nvidia supplier SK Hynix to build $6.8 billion chip plant in South Korea
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. Jakub Porzycki | Nurphoto | Getty Images Memory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to build a new semiconductor manufacturing plant in […]
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Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. Its forecast-beating performance helped […]
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South Korean court approves arrest warrant for Kakao founder
A Kakao logo on their office at Seongnam. Sopa Images | Lightrocket | Getty Images A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. It is the latest legal twist for Kakao after the company and an executive went on trial last year for alleged […]
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Locusts in your noodles? Singapore approves 16 insect species as food
Silkworm chrysalis. Dukai Photographer | Moment | Getty Images From locusts to superworms to honey bees, Singapore has approved 16 species of insects for human consumption. “With immediate effect, SFA will allow the import of insects and insect products belonging to species that have been assessed to be of low regulatory concern,” the Singapore Food […]
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Concerns grow over gambling addiction in the military
Sinenkiy | Istock | Getty Images In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler can make: He won. “All that stress, […]
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North Korea’s hottest missile check probable ended in failure, South Korea’s military services suggests
A North Korean ballistic missile examination Wednesday probable ended in failure, South Korea’s military reported, times right after the North protested the recent regional deployment of a U.S. aircraft carrier for a trilateral military drill with South Korea and Japan. Chung Sung-jun | Getty Photos News | Getty Photographs A North Korean ballistic missile test […]
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South Korea plant hearth kills 22 folks immediately after lithium battery combustion
Unexpected emergency autos are parked next to the website of a fireplace at a lithium battery manufacturing facility owned by South Korean battery maker Aricell in Hwaseong on June 24, 2024. Anthony Wallace | Afp | Getty Pictures At least twenty-two individuals died soon after lithium battery combustion ignited a massive fire in a South […]
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Hard cash for trash: How activists are responding to Pyongyang’s rubbish-filled balloons into South Korea
A balloon believed to have been sent by North Korea, carrying numerous objects such as what appeared to be trash and excrement, is seen around a rice industry at Cheorwon, South Korea, May 29, 2024. Yonhap News Company | Reuters The fight of the balloons proceeds. North Korean defectors, component of an activist group in […]
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The super-rich are moving cash to one city, wealth manager says, revealing how they’re investing
The growth prospects of countries like India and South Korea have seen many investors and big-name banks turn bullish on emerging markets this year. One wealth manager, however, said his super-rich clients are focused elsewhere. “A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai,” Dhruba Jyoti Sengupta, CEO of Wrise Private Middle […]
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