Stocks open lower as hawkish Fed worries investors
The Kospi lost 21.67 points, or 0.86 percent, to 2,493.30 in the first 15 minutes of trading. All three U.S. stock indexes fell on Thursday as investors' risk appetite dwindled after the Fed hinted it may go for another rate hike later this year.
Pick a stamp, any stamp
A staff member at the 2023 Korea Philatelic Exhibition demonstrates a postage stamp archive based on AI on a display screen at the Sejong Center for the Performing Arts in Jongno District, central Seoul, on Thursday.
Korea, U.S. cozy up chips, robots and advanced industries
Korea and the United States agreed Thursday to boost cooperation on technology for chips, robots and other advanced industries through joint research projects, Seoul's industry ministry said.
Hoo-Ray: EV returns
Kia released the new mini Ray EV in Korea on Thursday, after five years of discontinuation.
Hanwha Ocean signs carrier agreement with trio of overseas institutions
Major Korean shipbuilder Hanwha Ocean said Thursday it has signed an agreement with three foreign institutions on the development of a large liquefied carbon dioxide carrier.
[EXCLUSIVE] KG to deliver Torres EVX to Sweden and Norway in March
KG Mobility will start delivering its Torres EVX, the pure electric version of the hit Torres SUV, in Sweden and Norway in March next year at the earliest.
Korean consumers upset over Apple's iPhone 15 pricing
Apple's decision to maintain the price range of its iPhone 15 series has been met with criticism in Korea due to the weakening currency rate. Consumers feel excluded from the first tier of launch countries.
Gov't launches support to aid Korea in private sector space race
Korea wants in on the growing commercial launch service market where overseas players such as SpaceX are taking the lead, amid an accelerating space race in the private sector.
Finance minister warns of global volatility as Fed holds rates steady
The global financial market may grow more volatile if policy rates stay high for a prolonged period, said Finance Minister Choo Kyung-ho on Thursday following the Fed’s decision to hold the target rate at a 22-year high of 5.25 to 5.5 percent.
European business lobby makes 100 propositions to Korea
The European Chamber of Commerce in Korea has made over 100 proposals to the Korean government, including expanding accessibility to new drugs, allowing imports of recycled plastic products and avoiding regulatory overlap in foreign EVs.