South Korea

Science & Technology

SK Hynix Reports Earnings

South Korean company SK Hynix, one of the largest manufacturers of memory chips in the world, on Thursday, January 23, published information about its earnings for the fourth quarter of 2024.

Finance & Economics

South Korea Braces for Donald Trump’s Policies With Biggest-Ever Export Finance Support

South Korea on Monday, January 20, pledged to set aside a record amount of financial support for exporters to mitigate any potential consequences of a likely change in United States trade policy after the inauguration of Donald Trump.

News

South Korea Export Growth Rebounds

In December, South Korean exports showed an acceleration in growth, exceeding preliminary market expectations and ending 2024 with record indicators, as evidenced by trade data released on Wednesday, January 1, which does not negate the risks relevant for 2025.

Finance & Economics

Boeing Shares Fall

The value of shares of Boeing is currently on a downward trajectory.

News

South Korea Factory Output Falls

In South Korea, factory output in November showed a decline at a rate that exceeded preliminary expectations regarding the intensity of the relevant process.

Fintech & Ecommerce

Alibaba and E-Mart to Create E-Commerce JV

Alibaba Group Holding Ltd. has agreed to form a joint venture for its South Korean operations with the e-commerce platform E-Mart Inc.

News

Deutsche Bank Brings Merchant Solutions to APAC

Deutsche Bank Merchant Solutions capabilities are officially available in Australia, India, Indonesia and South Korea. They provide the bank’s clients with a global payment acceptance platform with a diverse range of local payment methods.

Science & Technology

South Korea Fines Meta

South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).

Finance & Economics

South Korean Export Growth Slows

In South Korea, a slowdown in the export dynamic was recorded last month.

News

South Korea to Monitor Cross-Border Crypto Transactions

New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.

News

Institutions Drive Crypto Adoption in South Korea and Hong Kong: Report

Eastern Asia is the sixth largest cryptocurrency economy in the world this year, accounting for 8.9% of global crypto value received between July 2023 and June 2024. South Korea and Hong Kong stand out as the most crypto-active countries in the region, with institutions driving increased adoption.

News

Stripe Boosts Asian Commerce With AI Payment Capabilities

Stripe’s Optimized Checkout Suite and Radar Assistant powered by AI complement Stripe’s new Adaptive Pricing feature in an offering for Asian businesses involved in cross-border commerce.

Science & Technology

AI Chip Makers Rebellions and Sapeon Agree to Merge

The South Korean companies Rebellions Inc. and Sapeon Korea Inc., which specialize in carrying out activities in the chip manufacturing sector necessary for training and ensuring the subsequent operation of artificial intelligence systems, have signed a final merger agreement.

News

SK Hynix to Build Chip Plant in South Korea

SK Hynix, a South Korean-based memory chip giant, has announced its intention to invest 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant.

Science & Technology

SK Hynix Posts Highest Quarterly Profit in 6 Years

SK Hynix, one of the largest chip manufacturers in the world, released information on Thursday, July 25, about the financial results of its activities in the second quarter of the current year.

Finance & Economics

South Korea Current Account Tops 32-Month High

South Korea’s current account has reached its biggest surplus in more than two years.