DIRS.INFO The most relevant business & tech news

☆ North Korean troops in Russia readying for combat in Ukraine war, S.Korea says
▼ + stars: | 2024-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SEOUL — North Korea has shipped 1,500 special forces troops to Russia’s far east for training and acclimatizing at local military bases and will likely be deployed for combat in the war in Ukraine, South Korea’s spy agency said on Friday. South Korea’s National Intelligence Service (NIS) also said it had been working with Ukrainian intelligence service and had used facial recognition artificial intelligence technology to identify North Korean officers in eastern Ukraine’s Donetsk region supporting Russian forces firing North Korean missiles. Earlier, South Korean President Yoon Suk Yeol called an unscheduled security meeting with key intelligence, military and national security officials to discuss North Korean troops’ involvement in Russia’s war against Ukraine, Yoon’s office said. Yoon’s office said South Korea, together with its allies, has been closely tracking North Korea’s troop dispatch to Russia from the initial stages. South Korea will respond to the North’s activities with all available means, it added, without elaborating on what actions it might take.

Persons: Yoon Suk Organizations: Korea’s National Intelligence Service, Korean, South, Ukraine Locations: SEOUL, North Korea, Ukraine, South, Ukraine’s Donetsk, Russian, Korea, Russia, North, South Korea, Washington

☆ An ISIS Terror Group Draws Half Its Recruits From Tiny Tajikistan
▼ + stars: | 2024-04-18 | by ( Neil Macfarquhar | Eric Schmitt | ) www.nytimes.com time to read: +1 min

Even though he spent five years in Tajik prisons as a teenager, she said he never exhibited signs of violent extremism. “We need to understand — who is recruiting young Tajiks, why do they want to highlight us as a nation of terrorists?” said the mother, Muyassar Zargarova. Many governments and terrorism experts are asking the same question. Tajik adherents of the Islamic State — especially within its affiliate in Afghanistan known as the Islamic State Khorasan Province (I.S.K.P. ISIS-K is believed to have several thousand soldiers, with Tajiks constituting more than half, experts said.

Persons: ”, Muyassar Organizations: Islamic Locations: Moscow, Tajikistan, Central Asia, Afghanistan, Khorasan Province, Russia, Iran, Turkey, Europe

☆ Self-navigating ships could change the shipping industry. Here are the companies poised to benefit
▼ + stars: | 2024-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Worldwide, the autonomous ships market reached $4.13 billion in 2022, and is forecasted to grow to $10.1 billion in 2032, according to Emergen Research . Avikus said this journey marked the first time autonomous navigation successfully enabled a large vessel to complete a trip over 10,000 kilometers. HiNAS 2.0 deployed a level-three autonomous navigation system, meaning that human intervention is only deployed in an emergency situation. The success of the HiNAS 2.0 and Prism Courage journey marked a foray into greater commercialization and implementation of autonomous ship navigation technology. The company is aiming for its fully autonomous ship technology to reach full-scale commercialization by 2025.

Persons: Patrick Ryan, Covid, Courage, Avikus, Carol Schleif, Rudy Negenborn, — Ryan, Ryan, BMO's, Morgan Stanley, Ravi Shanker, Shanker, Hunt, C.H, Robinson, Negenborn Organizations: Research, American Bureau of Shipping, Hyundai, Yara International ASA, Yara, BMO Family, Delft University of Technology, Moeller, Maersk, Yara International, Mitsui, Mitsui O.S.K, Royce, Shipbuilders, Expeditors International Locations: Covid, Avikus, Freeport, of Mexico, Panama, Korea, Red, Suez, U.S, Danish, American, ADRs, Japan

☆ S.Korea Defence Minister Heads to Middle East for Talks, Arms Expo
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korea's defence minister Shin Won-sik departs on Thursday for a seven-day trip to the Middle East to hold ministerial talks and attend an arms exhibition in Saudi Arabia, the ministry said. He will also travel to Saudi Arabia on Saturday for the World Defense Show in Riyadh before heading to Qatar to meet Khalid bin Mohammed Al Attiyah, the country's defence minister. South Korea has emerged in recent years as one of the world's biggest arms exporters with sales jumping to $17 billion in 2022 from $7.25 billion the year before, data from the defence ministry showed. The country's arms exports to the Middle East grew nearly tenfold between 2013 and 2022, according to the Korea Chamber of Commerce and Industry. War in Israel and Gaza View All 194 ImagesExperts say arms sales have been buoyed by South Korea's price competitiveness and ability to ensure speedy delivery.

Persons: Shin Won, sik, Shin, Mohammed bin Mubarak Al Mazrouei, Khalid bin Mohammed Al Attiyah, Hyunsu Yim, Ed Davies Organizations: United Arab Emirates, South, Akh Unit, World Defense, Korea Chamber of Commerce, Industry Locations: SEOUL, Saudi Arabia, Riyadh, Qatar, Korea, Israel, Gaza

☆ Australia's Resources Minister Seeks Investment From S.Korea, Japan
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

MELBOURNE (Reuters) - Australia's resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus" of 52 investment ready critical minerals projects. "Australia's critical minerals are key to the world's energy transformation," said Minister Madeleine King in a statement. King will be meeting Japan's trade minister Ken Saito, and South Korean trade and energy minister Duk-geun Ahn, she said in a statement. The minister is also expected to engage her counterparts on natural gas as Australia develops its future gas policy, given both nations are large customers of the major exporter. Already this year, a string of Australian nickel projects have been iced, including part of BHP's operations in the state of Western Australia.

Persons: Madeleine King, King, Ken Saito, geun Ahn, Melanie Burton, Christopher Cushing Organizations: MELBOURNE Locations: South Korea, Japan, Korean, Australia, Western Australia, Australian

☆ S.Korea, US and Japan Nuclear Envoys Condemn North Korea Over Arms Trade With Russia
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

SEOUL (Reuters) - The nuclear envoys of South Korea, the United States, and Japan condemned North Korea for its recent missile tests, arms trade with Russia and increasingly hostile rhetoric at a meeting in Seoul on Thursday. "The United States is also deeply concerned by the recent uptick in hostile rhetoric particularly toward the Republic of Korea from the DPRK (North Korean) regime," Pak said. The three countries have increased joint efforts to deter North Korea in recent years including trilateral meetings and launching a missile warning data sharing system in December. South Korea on Wednesday announced sanctions on two individuals, three entities and 11 ships linked to North Korea's nuclear and missile programmes, days after North Korea fired a new intermediate-range, solid-fuel hypersonic missile. Japan's envoy, Hiroyuki Namazu, condemning Pyongyang's ballistic missile launch and said there must be close monitoring of what Russia might be providing to North Korea in return for armaments.

Persons: Jung Pak, Pak, Kim Jong, Kim Gunn, Hiroyuki Namazu, Hyunsu Yim, Kevin Liffey Organizations: Ukraine, North, DPRK, Wednesday, Korean, Peace, Security Affairs, South Locations: SEOUL, South Korea, United States, Japan, North Korea, Russia, Seoul, North Koreans, U.S, Republic of Korea, Korea, Pyongyang

"With this (decision) Yoon is trying to make sure there is policy continuity in place ahead of election," said Park Sang-hyun, an economist at HI Investment & Securities. "Choi has been long-time finance ministry person and he basically spearheaded major economics policies of the Yoon administration from the very beginning so its a safe choice." Choi has a bachelor's degree from the Seoul National University law school, where Yoon also studied around the same time. Choi's career in government service has been mostly at the finance ministry, overseeing economic policy making, financial market policies, and external business relations. Yoon doesn’t need parliamentary approval to appoint a new finance minister, who also serves as deputy prime minister.

Persons: Yoon Suk, Choi Sang, mok, Choi, Choo, Yoon, Yoon's, Yoon doesn’t, Soo, hyang Choi, Ed Davies Organizations: HI Investment, Securities, Gallup, Bank of, Seoul National University, Thomson Locations: SEOUL, Gallup Korea, Daegu

☆ Foreign ministers of S.Korea, China, Japan to discuss trilateral summit
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Issei Kato/File Photo Acquire Licensing RightsSEOUL, Nov 24 (Reuters) - The foreign ministers of South Korea, China and Japan will meet for talks in South Korea on Sunday, South Korea's foreign ministry said on Friday, as the three countries seek to hold their first leaders' summit in four years. The meeting of foreign ministers, which will take place in the South Korean port city of Busan, is also the first such meeting since 2019. "The foreign ministers plan to exchange views extensively on the direction of development of trilateral cooperation including preparations for a ninth trilateral summit, and regional and global issues," the South Korean foreign ministry said in a statement. The talks come as South Korea and Japan have seen improving ties and also deepening security cooperation with the United States amid concerns over China's growing regional influence. Beijing has previously warned that U.S. efforts to strengthen ties with South Korea and Japan could increase tension and confrontation in the region.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato, Hyonhee, Ed Davies, Raju Gopalakrishnan Organizations: Tokyo International, REUTERS, Rights, Sunday, South Korean, South, Thomson Locations: Korean, Tokyo, Japan, Rights SEOUL, South Korea, China, Busan, United States, Beijing, North Korea

☆ Meet the vintage toy collectors that have turned their hobby into an investment opportunity
▼ + stars: | 2023-11-21 | by ( Lin Lin | ) www.cnbc.com time to read: +3 min

Lau started selling vintage figurines with his friends on Sundays in 2005 while working a full-time job as a technician. While traditional investments such as stocks and real estate are more common, some people view vintage toys as a unique, fun, and potentially profitable asset class. Figurine collector Dennis Pek CNBCHe told CNBC he only resells to reorganize and update his collection. "I have probably invested about $80,000 on my collection, but I do it mostly because I love it," he told CNBC. Chang told CNBC about the generational shifts in collecting preferences he has observed.

Persons: Lau, Dennis Pek, collectables, Chang Yang Fa, Chang Organizations: SINGAPORE —, CNBC, Power Rangers, MINT Museum of Toys, MINT Museum of Toys CNBC Locations: Singapore

☆ S.Korean taxi app Kakao Mobility plans to buy Europe's FreeNow - media report
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 15 (Reuters) - Kakao Mobility, a South Korean taxi-hailing service provider, plans to acquire European taxi platform FreeNow, Maeil Business Newspaper reported on Wednesday. Kakao Mobility will make a proposal as early as next week to acquire about an 80% stake in the Germany-based mobility service provider, the newspaper reported, citing an unidentified source. Responding to a Reuters request for comment, Kakao Mobility said it did not have anything to say on the matter. Kakao Mobility, a subsidiary of South Korean tech giant Kakao (035720.KS), has a market share of more than 90% of the country's taxi-hailing market.

Persons: Thomas White, Jihoon Lee, Mark Potter Organizations: REUTERS, Rights, Kakao, South, Maeil Business, Kakao Mobility, Thomson Locations: Rights SEOUL, South Korean, Germany

☆ Philippines says Japan, S.Korea, India offer to fund railway projects
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

MANILA, Nov 6 (Reuters) - Japan, South Korea and India have offered to finance three Philippine railway projects worth nearly $5 billion, the country's transport chief said on Monday, after Manila dropped China as a funding source last year. Transportation Secretary Jaime Bautista said the Philippine government could tap the three countries for possible official development assistance (ODA). He said the government may also fund a portion of the rail projects or seek private sector investments. The rail projects are the Subic-Clark Railway Project, the Philippine National Railways South Long-Haul Project and the Davao-Digos segment of the Mindanao Railway Project, collectively worth $4.95 billion. Construction of the Philippines' first subway train, funded by loans from Japan, is underway in the capital region.

Persons: Jaime Bautista, Bautista, Ferdinand Marcos Jr, Rodrigo Duterte, Duterte, Marcos, Mikhail Flores, Karen Lema, Raju Gopalakrishnan Organizations: Transportation, Clark Railway, Philippine National Railways, Mindanao Railway Project, Thomson Locations: MANILA, Japan, South Korea, India, Philippine, Manila, China, Subic, Davao, Mindanao, Beijing, Philippines, Asia

☆ S.Korea exports snap year-long downturn, recovery in China demand slow
▼ + stars: | 2023-11-01 | by ( Jihoon Lee | ) www.reuters.com time to read: +3 min

Overseas sales last month by Asia's fourth-largest economy rose 5.1% year-on-year to $55.09 billion, trade data showed on Wednesday. By destination, exports to the United States gained 17.3%, the most since May 2022, while China-bound shipments fell 9.5%, the least in 13 months. Exports of cars rose 19.8%, extending gains to a 16th straight month, while petroleum products also jumped 18.0%, after seven straight months of decline. Semiconductor shipments fell for the 15th consecutive month, but the 3.1% drop in October was the smallest in the streak. In October, South Korea's factory activity contracted for the 16th straight month, but the decline in new export orders softened, another survey showed on Wednesday.

Persons: Lee Jae, Asia's, Lee Jeong, Jihoon Lee, Christian Schmollinger, Muralikumar Anantharaman, Sonali Paul Organizations: Busan New, REUTERS, Rights, Overseas, United States, Eugene Investment Securities, Trade, Thomson Locations: Busan, Busan New Port, Seoul, Rights SEOUL, United States, China, United, Israel, South

☆ North Korea's Chances of Succeeding in Spy Satellite Launch High -S.Korea
▼ + stars: | 2023-11-01 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

SEOUL (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ North Korea's chances of succeeding in spy satellite launch high -S.Korea
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Nov 1 (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel, Thomson Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ S.Korea, Japan, US condemn North Korea's supply of arms to Russia
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Oct 26 (Reuters) - South Korea, Japan and the United States strongly condemned the supply of arms and military equipment by North Korea to Russia and said they had confirmed "several" deliveries of such weapons, a joint statement issued on Thursday said. Russia and North Korea have denied the transfer of arms from the North for use in Russia's war against Ukraine amid reports that Washington and researchers said showed movement of vessels carrying containers likely with weapons between the two countries' ports. The Democratic People’s Republic of Korea is North Korea's official name. North Korea is seeking military assistance from Russia to advance its own military capabilities in return for its arms support for Moscow, it said. North Korea and Russia pledged closer military cooperation when their leaders met in September in Russia's far east.

Persons: Sergei Lavrov, Kim Jong, Jack Kim, Ed Davies Organizations: Democratic People’s, Russian Federation, North, Russian, Thomson Locations: SEOUL, South Korea, Japan, United States, North Korea, Russia, Ukraine, Washington, Republic of Korea, Democratic People’s Republic of Korea, DPRK, Democratic People’s Republic, Korea, North, Moscow, Russia's

☆ Investing in Space: On satellites, the invisible backbone of global industry
▼ + stars: | 2023-10-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a "more balanced demand environment" emerges. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. GPS, geospatial intelligence and satellite communications are the invisible backbone that powers the world's largest industries today." That's the core of Space Capital managing partner Chad Anderson's pitch to new investors about the value of the space industry – and I think the "invisible backbone" element serves as an important reminder. Satellites have been, are, and will continue to be a critical backbone of the world's industries – even if we don't notice.

Persons: CNBC's Michael Sheetz, Chad Anderson's, David Sherry, Sherry, Starlink, We've, Lloyd Organizations: Shipping, Maersk, Space Capital, Starlink, Mitsui, Eastern Pacific Shipping, Polembros Shipping Locations: Danish, Mitsui O.S.K

☆ Militaries of S.Korea, Japan and US to Hold First Joint Aerial Drill
▼ + stars: | 2023-10-18 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korea, the United States and Japan will hold a joint aerial exercise near the Korean peninsula, which would be the first time the three countries are conducting such a drill, media reports said on Wednesday. A South Korean defence ministry official declined to confirm or comment on the details of the aerial exercise. But the three countries are "expanding" three-way joint military exercises on the basis of an agreement by their leaders in August at the Camp David summit to bolster cooperation against North Korea's threats, the official said. General Kim Seung-kyum, who chairs the South's Joint Chiefs of Staff, said at a parliamentary hearing last week that the three countries were planning to stage joint aerial drills, local media reported. The U.S. nuclear-capable B-52 bomber, which is currently deployed in South Korea, made a rare flyover at a South Korean defence exhibition on Tuesday.

Persons: David, Kim Seung, Hyunsu Yim, Raju Gopalakrishnan Organizations: Ilbo, Chiefs of Staff, Seoul Locations: SEOUL, South Korea, United States, Japan, U.S, Korean, North Korea

☆ Militaries of S.Korea, Japan and US to hold first joint aerial drill
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

The three countries are likely to conduct the exercise on Sunday and are coordinating the locations, South Korea's Dong-a Ilbo newspaper reported, citing a government source. A South Korean defence ministry official declined to confirm or comment on the details of the aerial exercise. General Kim Seung-kyum, who chairs the South's Joint Chiefs of Staff, said at a parliamentary hearing last week that the three countries were planning to stage joint aerial drills, local media reported. The U.S. nuclear-capable B-52 bomber, which is currently deployed in South Korea, made a rare flyover at a South Korean defence exhibition on Tuesday. In a further sign of growing trilateral security cooperation, South Korea, the United States and Japan have completed work on a three-way communications hotline, Yonhap news agency reported on Tuesday, citing a senior Seoul official.

Persons: Se Jong, Yul Gog Yi, Navy's Arleigh Burke, John Finn, David, Kim Seung, Hyunsu Yim, Raju Gopalakrishnan Organizations: Republic of Korea Navy, Self, Defense Force, U.S, Navy's, Ilbo, Chiefs of Staff, Seoul, Thomson Locations: Republic, SEOUL, South Korea, United States, Japan, U.S, Korean, North Korea

☆ Yellen: met with S.Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen attends a Multilateral Development Bank (MDB) roundtable at the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan's finance minister. Yellen, in a posting on X, formerly known as Twitter, said she met with Choo on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco and they discussed recent macroeconomic developments and security issues. It was not immediately clear when the U.S., Japanese and South Korean finance ministers would meet for a trilateral engagement. Reporting by Andrea Shalal, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Susana Vera, South Korean Finance Minister Choo Kyung, Yellen, Choo, Andrea Shalal, Franklin Paul Organizations: Development Bank, International Monetary Fund, World Bank, REUTERS, Rights, . Treasury, South Korean Finance Minister, Twitter, Franklin Paul Our, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, U.S, Korean

☆ S.Korea considers $50.5 mln fine against Google, Apple over app market practices
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. The Korea Communications Commission (KCC) said in a statement that the two tech giants forced app developers into specific payment methods and caused unfair delay in app review. The KCC is notifying the companies for corrective action, and will deliberate on the fines, the statement said. Google and Apple did not immediately respond to Reuters' requests for comment. After hearing from the companies, the regulator could decide to impose fines of up to 68 billion won ($50.47 million), including 47.5 billion won for Google and 20.5 billion won for Apple, KCC said.

Persons: Arnd, KCC, 1,347.3200, Joyce Lee, Shri Navaratnam Organizations: REUTERS, Rights, Google, Apple, Korea Communications Commission, Telecommunication, Thomson Locations: Zurich, Switzerland, Rights SEOUL, South Korea

☆ S.Korea's accelerating inflation set to keep policy restrictive for longer
▼ + stars: | 2023-10-05 | by ( Jihoon Lee | ) www.reuters.com time to read: +2 min

Office workers pick up lunch boxes at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran/File Photo Acquire Licensing RightsSEOUL, Oct 5 (Reuters) - South Korea's consumer inflation accelerated for a second month in September, above market expectations, official data showed on Thursday, supporting prospects of the central bank maintaining its restrictive policy for some time. Finance Minister Choo Kyung-ho said after the data release that inflation would likely stabilise again from October with seasonal factors easing. The central bank also said inflation, which was slightly higher in September than its projection, would still ease to around 3% by the end of the year. Broken down by sector, prices of petroleum products jumped 4.0% over the month, agricultural prices climbed 4.1%, while public utility prices added 5.3%.

Persons: Heo, Choo Kyung, Ahn Jae, Jihoon Lee, Ed Davies, Tom Hogue Organizations: REUTERS, Rights, Shinhan Securities, of Korea, Statistics, CPI, Thomson Locations: Seoul, South Korea, Rights SEOUL, Statistics Korea

☆ 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

Earlier the Bangladesh women's cricket team beat Pakistan in the bronze match to claim the country's first Asian Games medal since 2014 at Incheon, South Korea. Cricket, which has hopes of becoming an Olympic sport, returned to the Asian Games this year after being omitted from the last edition in Indonesia in 2018. The South Korean did not disappoint his legions of fans on Monday, helping his Korean team beat Kazakhstan 1-0 in one of the preliminary matches in the 'League of Legends' category. GROUP PHOTOElsewhere on day two of competition, three North Korean marksmen refused to join their South Korean rivals in a group photo of medal winners after narrowly missing out on gold in a men's team shooting competition. "It was really fun," she said after her seventh-placed finish in the women's park, an event won by Japan's Hinano Kusaki.

Persons: India's Divyansh Singh, Aishwary Pratap Singh Tomar, Rudrankksh Patil, Dylan Martinez, Lee Sang, Anna Prakaten, Panipak Wongpattanakit, Guo Qing, Hong Kong's Siobhan Bernadette Haughey, it’s, I’m, Japan's Hinano, Martin Quin Pollard, Ian Ransom, Peter Rutherford, Ken Ferris Organizations: Sports Centre, India, Hangzhou Asian Games, Games, Sri, Asian Games, Bangladesh women's, Pakistan, Cricket, Olympic, Korean, Kazakhstan, League, North, South, Tokyo, Russian Olympic Committee, Thomson Locations: Hangzhou, China, HANGZHOU, Sri Lanka, Guangzhou, Bangladesh, Incheon, South Korea, Indonesia, Uzbekistan, Philippines

☆ S.Korea's antitrust watchdog fines Broadcom for unfair supply deal to Samsung Electronics
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: 1 min

[1/2] A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Sept 21 (Reuters) - South Korea's antitrust watchdog said on Thursday it will tentatively fine Broadcom Inc (AVGO.O) and affiliates 19.1 billion won ($14.24 million) for forcing a long-term supply deal that was unilaterally disadvantageous to Samsung Electronics (005930.KS). The country's Fair Trade Commission will also issue a corrective order to Broadcom, it said in a statement. A representative of Broadcom could not be immediately reached. ($1 = 1,340.9300 won)Reporting by Joyce Lee; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, 1,340.9300, Joyce Lee, Kim Coghill Organizations: Broadcom, REUTERS, Rights, Broadcom Inc, Samsung Electronics, Trade, Samsung, Thomson Locations: Rights SEOUL

☆ S.Korean broadband firm, Netflix says ending all disputes over costs
▼ + stars: | 2023-09-18 | by ( Joyce Lee | ) www.reuters.com time to read: +1 min

The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSEOUL, Sept 18 (Reuters) - South Korean internet service provider SK Broadband and Netflix Inc (NFLX.O) said on Monday they were ending all lawsuits with each other, having earlier been in dispute over whether Netflix should pay for costs from increased network traffic and maintenance work. SK Broadband and parent SK Telecom (017670.KS) announced in a joint statement with Netflix that they had agreed on a partnership to release joint products and seek ways to use artificial intelligence (AI) products being developed by SK. "Moving forward, SK Broadband and Netflix will end all disputes with the signing of today’s partnership, and collaborate as partners for the future," the statement said. Spokespeople for Netflix and SK Broadband said both had withdrawn their lawsuits.

Persons: Mike Blake, Joyce Lee, Jacqueline Wong, Simon Cameron, Moore Organizations: Netflix, REUTERS, Rights, SK Broadband, Netflix Inc, SK Telecom, SK, Thomson Locations: Los Angeles , California, U.S, Rights SEOUL, Korean

Search resuls for: "S.K"

25 mentions found