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CNN —Thousands of doctors in South Korea took to the streets of Seoul on Sunday to protest the government’s plans to increase medical school admissions and what they see as a broader lack of support for the country’s medical system. The doctors say the government needs to address a wider range of challenges facing the healthcare system than just the total number of doctors trained per year. Around 8,000 trainee doctors in South Korea began striking on February 21 by submitting their resignation. A doctor writes messages during a rally to protest against government plans to increase medical school admissions in Seoul on Sunday. Compounding the challenge, South Korea has the world’s lowest birth rate, which has been falling continuously since 2015.

Persons: Kim Hong, ’, Yoon Suk Yeol, ”, Jessie Yeung, Yoonjung Seo Organizations: CNN, South, Gallup Locations: South Korea, Seoul

☆ Smartphone makers are dreaming of a 'supercycle' driven by AI. Analysts disagree
▼ + stars: | 2024-02-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. When was the last smartphone supercycle? Smartphone makers have been dreaming of a "supercycle" in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 'AI phone era'Major smartphone players are betting that a supercycle is about to happen thanks to AI. "We're right now at the dawning of an entirely new era, an AI phone era," Kitto said.

Persons: Kim Hong, they're, Francisco Jeronimo, Jeronimo, Ben Wood, Wood, James Kitto, Kitto, Brian Rakowski, Rakowski, We've Organizations: Samsung Electronics, Reuters, Reuters BARCELONA –, Samsung, Google, Galaxy, Apple, Financial Times, Mobile, Congress, Huawei, Qualcomm, IDC, Twitter, CNBC, 3G, CCS, Samsung's, Google's, Android Locations: Seoul, South Korea, Reuters BARCELONA, Chertsey , England

☆ A rare North Korean video shows teenagers sentenced to 12 years of hard labor for watching South Korean 'K-dramas'
▼ + stars: | 2024-01-20 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

A video shows two North Korean teenage boys being sentenced to hard labor for watching K-dramas. AdvertisementRare video footage shows two teenage boys being sentenced to 12 years of hard labor for watching K-dramas, which are South Korean TV shows. In North Korea, viewing or distributing foreign media, especially from South Korea, is considered a serious offense. 🚨🇰🇵RARE FOOTAGE FROM NORTH KOREA: TEENS PUNISHED FOR WATCHING SOUTH KOREAN TVChilling footage from North Korea allegedly shows two teenage boys handcuffed in front of hundreds of students and sentenced to 12 years of hard labor for watching South Korean 'K-dramas.' One North Korean defector told the BBC that punishment is harsher for watching South Korean media compared with other foreign media.

Persons: —, 🚨🇰, CnEO6HL —, sy Organizations: Service, South, BBC Locations: Korean, North Korea, South Korean, South Korea

☆ Former Starbucks barista shares 11 of the best things to order, from secret drinks to desserts
▼ + stars: | 2024-01-10 | by ( Monica Macdonald | ) www.businessinsider.com time to read: 1 min

I really enjoyed working as a Starbucks barista for two years — and the best perk, by far, was getting to taste so many menu items. Kim Hong-Ji/ReutersI really enjoyed working as a Starbucks barista and trying so many menu items. Eventually, I even started to deviate from the standard offerings and customize drinks and desserts, resulting in some new favorites. Because of this, I have plenty of recommendations for anyone looking to change up their go-to order. Here are some of my favorite things to get at Starbucks, plus how to order them.

Persons: Kim Hong Organizations: Reuters, Starbucks

A shopkeeper naps as she waits for customers at a traditional market in Seoul, South Korea, April 7, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Dec 5 (Reuters) - South Korea's inflation eased for the first time in four months in November, bringing relief to policymakers worried about persistent inflation risks as they plan to keep their restrictive monetary policy in place for longer. "Compared to core inflation in the U.S. and Europe that seem to be still in the 4% to 5% range, (South Korea's core inflation) seems to be far more stable," said Finance Minister Choo Kyung-ho at a policy meeting in Seoul. "Considering this, we see inflation stabilizing in a steady manner going forward, unless we face some additional external shocks." The Bank of Korea kept interest rates steady at 3.50% last week at its final policy meeting of the year and signalled it may need to keep interest rates higher for longer to head off persistent inflation risks.

Persons: naps, Kim Hong, Choo Kyung, BOK, Jihoon Lee, Chris Reese, Lincoln Organizations: REUTERS, Rights, Reuters Survey, Bank of, Thomson Locations: Seoul, South Korea, Rights SEOUL, U.S, Europe, Bank of Korea

☆ South Korean canine breeders protest dog meat ban
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

[5/10]Share this photoA dog in a cage is pictured during the protest in front of the Presidential Office in Seoul, South Korea, November 30. Dozens of farmers, who had tried to drive into the street in front of the presidential office by truck with dogs in cages that they intended to release at the scene, were turned away by the police who inspected the cargo covered with blankets. REUTERS/Kim Hong-Ji

Persons: Kim Hong, Ji Organizations: Presidential Locations: Seoul, South Korea

REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsNov 30 (Reuters) - A look at the day ahead in Asian markets. If this week has so far been strangely listless for Asian markets, that could be about to change suddenly on Thursday as investors brace for a deluge of top-tier economic data and policy events from across the continent. The latest industrial production and retail sales data from both Japan and South Korea are on tap too, all of which could move their respective markets, especially currencies. All else equal, the risks for Asian markets on Thursday may be tilted to the upside, even though stock markets around the world again struggled on Wednesday. South Korea's central bank is expected to keep its base rate on hold at 3.50% and leave it there until at least the middle of next year.

Persons: Kim Hong, That's, Goldman Sachs, Jamie McGeever, Josie Kao Organizations: Korea, South Korean, REUTERS, New Zealand, Bank of Japan, Reserve Bank of New Zealand, Thomson, Reuters Locations: Seoul, South Korea, China, India, Japan, U.S, Korea's, Korea

☆ North Korea, US envoys engage in rare, public sparring match at UN
▼ + stars: | 2023-11-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. Formally known as the Democratic People's Republic of Korea (DPRK), North Korea has been under U.N. sanctions for its ballistic missile and nuclear programs since 2006. Denuclearization talks between North Korea, South Korea, China, the United States, Russia and Japan stalled in 2009. Kim said that until "the persistent military threat" was eliminated, North Korea would continue to strengthen its capabilities. China and Russia say joint military drills by the United States and South Korea provoke Pyongyang, while Washington accuses Beijing and Moscow of emboldening North Korea by shielding it from more sanctions.

Persons: Kim Hong, Pyongyang's, Linda Thomas, Kim Song, Kim, Thomas, Greenfield, Denuclearization, Kim Jong Un, Donald Trump, Michelle Nichols, Grant McCool, Sandra Maler Organizations: REUTERS, UNITED NATIONS, United Nations, North Korea sparred, Security, North Korean, DPRK, Democratic People's, United, North, . Security, U.S, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, United States, Greenfield, Democratic People's Republic of Korea, DPRK, Pyongyang, U.S, China, Russia, Japan, Korea, Britain, France, Washington, Beijing, Moscow, emboldening North Korea

☆ North Korea scraps military deal with South, vows to deploy new weapons at border
▼ + stars: | 2023-11-22 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +5 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, February 7, 2023. Russia and North Korea have denied arms deals but have promised deeper cooperation, including on satellites. South Korea resumed the use of crewed and uncrewed reconnaissance aircraft in the border area on Wednesday, Yonhap news agency reported. Critics have said that the pact weakened Seoul's ability to monitor North Korea, and that Pyongyang had violated the agreement. South Korea has said the North Korean satellite was believed to have entered orbit, but it would take time to assess whether it was operating normally.

Persons: Kim Hong, Kim Jong Un, Vladimir Putin, Moon Jae, Moon Chung, Moon, Kim, Critics, Bruce Klingner, Klingner, Soo, hyang Choi, Josh Smith, David Brunnstrom, Sonali Paul, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, North, ., U.S . Department of State, CMA, ROK, South Korean, Yonsei University, CIA, U.S, Heritage Foundation, North Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Seoul, Russia, Pyongyang, . North Korea, Korea, Washington

☆ Samsung boss denies wrongdoing as South Korea prosecutors seek jail term over 2015 merger
▼ + stars: | 2023-11-17 | by ( Joyce Lee | ) www.reuters.com time to read: +3 min

SEOUL, Nov 17 (Reuters) - Samsung Electronics (005930.KS) chairman Jay Y. Lee denied wrongdoing on Friday after South Korean prosecutors called for him to be jailed for five years on charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. The hearing is the final lower court session before a ruling, scheduled for January 26, ending a trial that has lasted three years. Samsung Electronics Vice Chairman Jay Y. Lee arrives at a court in Seoul, South Korea, October 26, 2021. "I have never had my personal interests in mind in the course of the merger," Lee told the court. Lee was previously convicted of bribing former South Korean President Park Geun-hye and went to jail for a total of 18 months from 2017 to 2021.

Persons: Jay Y, Lee, Kim Hong, Park, hye, Joyce Lee, Miral Fahmy, Mark Potter Organizations: Samsung Electronics, South, Samsung, Seoul Central District Court, Prosecutors, Cheil Industries, REUTERS, Korean, Analysts, South Korean, Thomson Locations: SEOUL, KS, Seoul, South Korea

☆ South Korea court grants ex-Samsung exec bail in industrial espionage case
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Employees walk past the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, June 13, 2023. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Nov 14 (Reuters) - A South Korean court has granted bail to a former executive of Samsung Electronics (005930.KS) accused of stealing sensitive information developed by the technology giant, court records showed on Tuesday. The district court in Suwon, south of Seoul, accepted a bail request for Choi on November 10, court records showed, without providing further details. Lawyers for Choi were not immediately available for comment, but a source close to Choi confirmed he had been released on bail. Samsung Electronics did not immediately provide a comment.

Persons: Kim Hong, Choi Jinseog, Choi, Ed Davies Organizations: Samsung Electronics, REUTERS, Rights, Thomson Locations: Suwon, South Korea, Rights SEOUL, South Korean, China, Seoul, South

☆ K-Pop's Hybe, behind BTS, acquires Latin music label
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

K-pop boy band BTS' goods are seen on display at a cafe in Seoul, South Korea, June 15, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Nov 13 (Reuters) - South Korea's largest music label Hybe Co, behind K-Pop supergroup BTS, said on Monday it acquired the music label of Spanish-language media company Exile Content in its first major foray into the Latin music market. Hybe is looking to tap into the rapid growth of the estimated $1.3 billion Latin music market, as it reported a year-on-year growth of 26.4% in 2022 compared to a 9% growth in the global music market according to its statement. K-Pop's biggest global success, BTS, is on temporary break as a group while its members serve out mandatory military service in South Korea. Despite BTS' absence, analysts said K-Pop artists' overall sales volume increased in 2023 compared to the previous year as more bands gained a broader international following.

Persons: Kim Hong, Hybe, Joyce Lee, Sandra Maler Organizations: REUTERS, Rights, America, BTS, Thomson Locations: Seoul, South Korea, Rights SEOUL

☆ North Korea lashes out at U.N. Command over meeting in Seoul
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTERS/Kim Hong-Ji/Pool/File Photo Acquire Licensing RightsSEOUL, Nov 13 (Reuters) - North Korea on Monday called for the United Nations Command to be dissolved calling it an "illegal war organization" over a meeting which is scheduled to take place between the member states in South Korea later this week, state media KCNA reported. The DPRK stands for North Korea's official name, the Democratic People's Republic of Korea. North Korea's criticism comes a day after U.S. Defence Secretary Lloyd Austin met his South Korean counterpart Shin Won-sik in Seoul on Sunday with Japanese Defence Minister Minoru Kihara for a trilateral meeting. They agreed to start as planned a real-time data sharing scheme on North Korean missiles in December and condemned growing military cooperation between North Korea and Russia as a violation of U.N. resolutions during the meeting.

Persons: Kim Hong, Lloyd Austin, Shin Won, Minoru Kihara, Hyunsu Yim, Sandra Maler Organizations: REUTERS, Rights, United Nations Command, UNC, Command, Institute for Disarmament, Peace, DPRK Foreign Ministry, DPRK, North, Democratic People's, U.S . Defence, South Korean, Japanese, Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, U.S, Seoul, Pyongyang, Democratic People's Republic of Korea, Russia

[1/2] An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. The three companies signed a non-binding agreement in February to form a joint venture to create one of Europe's biggest electric vehicle (EV) battery cell facilities near Turkey's capital Ankara. "Considering the current pace of electric vehicle adoption, the timing is not appropriate for a battery cell investment," Koc Holding said in a statement to the Public Disclosure Platform (KAP). "Ford and Koc Holding will remain committed to support electric vehicle production at Ford Otosan's (FROTO.IS) Kocaeli Plant and will evaluate potential battery cell investments in the future in line with the dynamics of the electric vehicle market," it said. "LG Energy Solution and Ford are working together on a plan to support battery cell production for this EV from LG Energy Solution’s existing operations, extending the companies’ long-standing business relationship," LGES said in a statement.

Persons: Kim Hong, Koc, Ford, LGES, Ebru Tuncay, Heekyong Yang, Huseyin Hayatsever, Chizu Nomiyama, Diane Craft Organizations: LG Energy, REUTERS, Rights, Turkey's Koc, Ford, Koc Holding, General Motors, LG, EV, EVs, Thomson Locations: Seoul, South Korea, Rights ANKARA, SEOUL, Korean, Turkey's, Ankara, China, Europe, United States, Poland, Indonesia, Canada

[1/5] G-dragon of K-pop group BIGBANG arrives at a police station to appear for questioning regarding his alleged illegal drug use in Incheon, South Korea, November 6, 2023. REUTERS/Kim Hong-Ji Acquire Licensing RightsINCHEON, South Korea, Nov 6 (Reuters) - The former frontman for the K-pop band BIGBANG, known as G-Dragon, appeared for police questioning on Monday over allegations of illegal drug use, the latest in a string of South Korean artists embroiled in high-profile narcotics cases. Kwon, 35, stood briefly for the media before entering a police station in Incheon where the star of the Oscar-winning film "Parasite", Lee Sun-kyun, was also questioned over the weekend on a separate allegation of illegal drug use. South Korea has tough drug laws, and crimes are typically punishable by at least six months in prison or up to 14 years for repeat offenders and dealers. Social media and foreign travel have made illegal drugs much more accessible, drug rehab advocates say.

Persons: BIGBANG, Kim Hong, Kwon Ji, Yoon Suk Yeol, Kwon, Oscar, Lee Sun, Lee, Choi Seung, Lee Seung, Dogyun Kim, Jimin Jung, Jack Kim, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, YG Entertainment, Social, Thomson Locations: Incheon, South Korea, Rights INCHEON, Korean, Korea, T.O.P

☆ South Korea to re-impose stock short-selling ban through June to 'level playing field'
▼ + stars: | 2023-11-05 | by ( Jack Kim | ) www.reuters.com time to read: +2 min

A journalist walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Nov 5 (Reuters) - South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday. The regulator last week said it would establish a team of investigators to probe short-selling by foreign investment banks for illegal activity including so-called naked short-selling. Naked short-selling - in which an investor short-sells shares without first borrowing them or determining they can be borrowed - is banned in South Korea. Earlier in the year, the regulator fined five foreign firms including Credit Suisse for naked short-selling. Officials and market watchers alike have cited uncertainty around short-selling regulation as among factors needing to be resolved for influential index provider MSCI to upgrade South Korea to developed-market status.

Persons: Kim Hong, Kim Joo, Kim, Jack Kim, Michael Perry, Christopher Cushing Organizations: Korea, Korea Exchange, REUTERS, Rights, Monday, Financial Services Commission, Financial Supervisory Service, Credit Suisse, Thomson Locations: Seoul, South Korea, Rights SEOUL, Hong Kong

☆ Samsung Electronics' Q3 profit falls 78% but chip loss narrows
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

A worker waters a flower bed next to the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, June 13, 2023. The world's biggest maker of memory chips and smartphones said operating profit reached 2.4 trillion won ($1.78 billion) in July-September, versus 10.85 trillion won a year earlier. That was in line with the South Korean manufacturer's own estimate of 2.4 trillion won published earlier this month. Revenue fell 12% to 67.4 trillion won. ($1 = 1,346.5000 won)Reporting by Joyce Lee and Heekyong Yang; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Hong, 1,346.5000, Joyce Lee, Heekyong Yang, Christopher Cushing Organizations: Samsung Electronics, REUTERS, Rights, South Korean, Revenue, Thomson Locations: Suwon, South Korea, Rights SEOUL, KS

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Oct 26 (Reuters) - South Korea's SK Hynix (000660.KS) said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in the previous quarter. SK Hynix said it swung to a 1.8 trillion won ($1.33 billion) third-quarter operating loss from a profit of 1.7 trillion won a year earlier. It was its fourth consecutive quarterly loss, but improved from a trough of a 3.4 trillion won loss in the first quarter and a 2.9 trillion won loss in the second quarter. SK Hynix was ahead of rivals in developing HBM3 chips and securing AI-chip leader Nvidia (NVDA.O) as a client.

Persons: Kim Hong, chipmaker, SK Hynix, LSEG SmartEstimate, 1,351.6200, Joyce Lee, Heekyong Yang, Shri Navaratnam, Jamie Freed Organizations: SK Hynix, REUTERS, Rights, Korea's SK Hynix, SK, Revenue, Samsung Electronics, Analysts, SK Hynix's, Nvidia, Thomson Locations: Seongnam, South Korea, Rights SEOUL, KS

An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. LGES, which supplies Tesla (TSLA.O), General Motors (GM.N) and other automakers, said revenue growth in 2024 would not be as high as the mid-30% rate forecast for this year. LGES shares dropped as much as 6.69% to the lowest level in more than 12 months, versus the benchmark KOSPI's (.KS11) 0.6% fall. The company also said it would produce cheaper lithium iron phosphate (LFP) batteries from 2026 to better respond to demand for lower-priced EVs. But it was down 6% from the June quarter due to the demand slowdown in Europe, production adjustments by automakers and lower metal prices.

Persons: Kim Hong, Lee Chang, sil, Kim Gyunghoon, Kim, Kang Dong, LGES, 1,345.0800, Heekyong Yang, Joyce Lee, Miyoung Kim, Jamie Freed Organizations: LG Energy, REUTERS, GM JV, Korean, EV, General Motors, GM, Hyundai Motor Securities, Thomson Locations: Seoul, South Korea, SEOUL, China, Europe, Poland, U.S, Ohio, ARIZONA, Arizona

☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

☆ South Korea household debt growth slows in September
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

A woman shops at a market in Seoul, South Korea, July 26, 2016. REUTERS/Kim Hong-Ji/File photo Acquire Licensing RightsSEOUL, Oct 12 (Reuters) - South Korea's household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday. Total household borrowing from banks stood at 1,079.8 trillion won ($806.12 billion) at the end of September, up 4.9 trillion won from end-August, according to the Bank of Korea (BOK). The rise was smaller than the 6.9 trillion won increase in August and it also marked the first slowdown in growth since household debt started to climb in April. ($1 = 1,339.5000 won)Reporting by Jihoon Lee; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Hong, BOK, 1,339.5000, Jihoon Lee, Subhranshu Sahu Organizations: REUTERS, Rights, Bank of Korea, Thomson Locations: Seoul, South Korea, Rights SEOUL

☆ Union at Kia Corp suspends strike action to resume talks with company
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The union and Kia's management had been holding talks for three months over wage increases and an extension of the retirement age. Earlier, the union said it would limit working hours for six working days from Oct. 12 after negotiations stalled, in what would have been the first industrial action at Kia in three years. Kia declined to comment on the industrial action. Last month, the union at South Korea's second largest automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accepts their demands. Because the deals with Hyundai Motor and affiliate Hyundai Mobis (012330.KS) were concluded without any industrial action, Kia's unions are likely to avoid any major industrial action, analysts said.

Persons: Kim Hong, Kia Corp's, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, Reuters, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS, South Korea's

☆ Kia Corp's unionised workers to go on partial strike over wages
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. Last month, the union at South Korea's No.2 automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accept the demands. The union said it would work regular hours on days when they are holding talks with the management. Kia declined to comment on the strike. Shares in Kia Corp were trading up 0.7%, versus the benchmark KOSPI's (.KS11) 2.1% rise as of 0217 GMT.

Persons: Kim Hong, Kia Corp's, Kia, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS

Last trading at $7,990 per metric ton, London copper is now within sight of the year-to-date lows of $7,867-7,871 recorded in late May. Investment fund positioning on CME copper contractBEARS FLEX MUSCLES ON CMEFund positioning on the CME copper contract has oscillated between long and short for several months as the price chopped around in a sideways range. Outright long copper positions have been slashed from 63,665 contracts at the start of September to 35,050 as of the Sept. 26 close. Net positioning has shifted to a collective short of 3,051 contracts, just shy of the 3,228-contract peak 2023 short in June. It's worth noting that the "other financial" reporting category, which includes index funds, is still in modest net long territory.

Persons: Kim Hong, Alexandra Hudson Organizations: REUTERS, Fund, London Metal Exchange, Investors, Investment, CME, Bulls, Reuters, Alexandra Hudson Our, Thomson Locations: Gunsan, South Korea, London, U.S, United States, Tuesday's

☆ S.Korea Aug factory output posts biggest gain in over 3 years as chips jump
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

A factory is seen in Incheon, South Korea, May 30, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Oct 4 (Reuters) - South Korea's factory output unexpectedly jumped in August by the fastest rate in more than three years, led by chip production, official data showed on Wednesday. The industrial output index (KRIO=ECI) rose 5.5% in August from the previous month on a seasonally adjusted basis, after a 2.0% fall in July, according to Statistics Korea. That contrasts with a median 0.2% fall forecast in a Reuters survey and marks the fastest monthly gain since June 2020. On an annual basis, output was 0.5% lower, much milder than the previous month's 8.1% drop and a forecast for a 6.2% loss.

Persons: Kim Hong, Jihoon Lee, Tom Hogue, Sonali Paul 私 Organizations: REUTERS, Rights, Statistics Korea Locations: Incheon, South Korea, Rights SEOUL

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