South Korea
Asia tech stocks rise after Trump pauses tariffs on China and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains […]
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OpenAI, Kakao to jointly develop AI products for South Korea
Open AI CEO Sam Altman (R) and Kakao CEO Chung Shin-a (L) pose for photos during a press conference at a hotel in Seoul on February 4, 2024. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images) Jung Yeon-je | Afp | Getty Images ChatGPT creator OpenAI and South Korea’s dominant chat app operator Kakao said on […]
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South Korea has a big household debt problem. The country’s unique rental system may be to blame
Illuminated residential buildings and houses at dusk in Mokpo, South Korea, on Friday, Aug. 16, 2024. Bloomberg | Bloomberg | Getty Images Central banks, by and large, have one overarching mandate: to ensure price stability and control inflation in a country. Policymakers in South Korea need to contend with another responsibility: managing high household debt. […]
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Asia-Pacific markets slide after Donald Trump’s sweeping tariffs on several countries
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific markets opened lower Monday after U.S. President Donald Trump levied tariffs on Canada, Mexico and China over the weekend. Australia’s S&P/ASX 200 dropped 1.86%. Japan’s Nikkei 225 fell 1.84% at the open, while […]
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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Asia-Pacific markets open mixed as investors parse slew of economic data in the region
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images Asia-Pacific markets opened mixed Thursday as investors assessed a slew of economic data in the region. Australia’s S&P/ASX 200 traded 0.42% lower at the open. Japan’s Nikkei 225 rose 0.38% at the open, while the […]
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Asia markets open higher as Trump promises U.S. ‘golden age’ at presidential inauguration
Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets are expected to gain Tuesday, as investors await greater clarity on policies […]
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Loved by adversaries, feared by allies: How the world feels as Trump takes center stage
U.S. President Donald Trump at a press conference at the end of the NATO summit in July 12, 2018. Bernd von Jutrczenka | dpa | picture alliance | Getty Images U.S. President-elect Donald Trump returns to the White House on Monday, and much of the world is watching on with bated breath. The prospect of […]
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Asia-Pacific markets track Wall Street gains; South Korea unexpectedly keeps rates unchanged
People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024. Daniel Ceng | Anadolu | Getty Images Asia-Pacific markets climbed Thursday, after U.S. markets […]
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Asia markets open mixed, tracking Wall Street moves that saw investors rotate out of tech
Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets opened mixed Tuesday after a mixed session on Wall Street that saw […]
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