Tag: South Korea
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South Korea factory activity quickens on surge in export demand, PMI shows
SEOUL, Aug 3 : South Korea’s factory activity expanded at a stronger pace in July on a jump in export demand, a survey showed on Monday.• The purchasing managers index (PMI), published by S&P Global, stood at 53.1 in July, up from 52.1 in June, staying above the 50 mark separating expansion from contraction
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South Korea records its highest-ever temperature of 42.5°C
Much of the country has been placed under heat warnings, with many cities seeing temperatures climb into the high 30s.
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Indonesia president says willing to visit North Korea to open dialogue on request of South Korea president
Indonesia’s President Prabowo Subianto said his South Korean counterpart Lee Jae Myung made the request during his last visit to Seoul in April.
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The Tech Download: Anduril CEO Brian Schimpf talks AI in warfare and manufacturing push
CNBC’s Arjun Kharpal sits down on The Tech Download podcast with the defense company chief.
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Can monthly vouchers revive South Korea’s shrinking rural communities?
A pilot scheme to offer monthly vouchers in rural South Korea is boosting local spending and attracting new residents. But officials say reversing decades of depopulation will require much more than cash incentives.
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Tech rebound fuels record-breaking rally in South Korean stocks
HONG KONG: South Korean stocks soared a record 17.9 per cent on Friday (Jul 31) as Asian tech firms performed a blistering recovery from an extended sell-off, with beaten-down chip giant SK Hynix rocketing almost a third as the AI boom roared back.After four weeks of blood-letting fuelled by worries over the
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North Korea growth topped 3% for third straight year in 2025: Seoul
SEOUL: North Korea’s economy grew more than 3 per cent for a third straight year in 2025, South Korea’s central bank estimated on Friday (Jul 31), as Pyongyang continues to deepen economic and military ties with Russia.The Bank of Korea (BoK) has published annual estimates of the North’s economy since 1991, b
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Volatile South Korean shares soar on renewed semiconductor buying
SINGAPORE: South Korean shares soared 16 per cent in early trade on Friday (Jul 31) off the back of a fresh surge of investment into global semiconductor stocks, the latest swing in a market being tossed back and forth by leveraged bets.The benchmark KOSPI jumped 919.07 points, or 16.43 per cent, to 6,512.63
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South Korea conducts rare forex intervention alongside Japan, source says
SEOUL, July 31 : South Korea’s foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a market source said on Friday.Seoul’s move came alongside Japan’s yen-buying, dollar-selling market intervention in New York markets on Thursday, pulling
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South Korea refiners considering imports of Venezuelan crude, association says
SEOUL, July 30 : South Korea’s four refiners are considering importing Venezuelan crude oil to diversify their supply sources as conflict in the Middle East disrupts shipping through the Strait of Hormuz, an official at the Korea Petroleum Association said.GS Caltex, one of the nation’s major refiners, import
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