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Tue, Jan 20, 2026 02:54 AM All times are UTC

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Hahn & Company to acquire Korean Air's in-flight catering, duty-free businesses for 1 Trillion won

Jul 09, 2020 00:53 am UTC| Business

Korean Air Lines Co will sell its in-flight catering and duty-free business to a private equity fund Hahn Company reportedly for 1 trillion won, in line with the self-help measures it agreed with lenders. The deal with...

Hyundai hopes to boost car sales with Avante N Line compact

Jul 09, 2020 00:38 am UTC| Business

Hyundai Motor Co. will launch its Elantra Avante N Line compact model with a 1.6-liter gasoline turbocharged engine in South Korea later this month as it strives to boost sales. The Avante N Line doles out 204...

S. Koreans' purchases of imported cars up 41% in June

Jul 07, 2020 23:59 pm UTC| Business

Sales of imported vehicles in South Korea increased 41 percent to 27,350 units in June from 19,386 in the same month last year, buoyed by tax reductions and new models. The top-selling models were the Audi A6 40 TDI...

Citibank Korea provides chatbot consulting to bolster contactless services

Jul 07, 2020 23:53 pm UTC| Business

Citibank Korea has launched an artificial intelligence-based chatbot that provides round-the-clock service for those needing immediate consulting. The chatbot will help customers locate Citibank branches, provide...

Hyundai, SK chiefs discuss future partnerships in EV batteries

Jul 07, 2020 23:49 pm UTC| Business

SK Group Chairman Chey Tae-won and Hyundai Motor Group Executive Vice Chairman Chung Euisun discussed future partnerships in next-generation EV technologies, including lithium-metal batteries at SK Innovations electric...

Samsung Electronics expects Q2 earnings to surpass market forecasts

Jul 07, 2020 02:30 am UTC| Business Technology

Strong demand for server chips prompted Samsung Electronics Co. to expect its operating profit in the second quarter to reach 8.1 trillion won, up 22.7 percent from 6.6 trillion won last year. Sales of server chips are...

Losses force SM Duty Free to withdraw from Incheon Int'l Airport

Jul 07, 2020 00:55 am UTC| Business

SM Duty Free will withdraw its outlets from Incheon International Airport on Aug. 31 due to pandemic-triggered business setbacks. Licenses for duty-free shops at the Incheon International Airport will expire next...

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Economy

China Holds Loan Prime Rates Steady in January as Market Expectations Align

China kept its benchmark lending rates unchanged for the eighth consecutive month in January, signaling a continued cautious approach to monetary policy amid a fragile economic recovery. The decision, announced on Tuesday,...

Dollar Slides to One-Week Low as White House Threats Spark ‘Sell America’ Trade

The U.S. dollar weakened to its lowest level in a week during early trading on Monday as renewed geopolitical tensions involving the White House and the European Union triggered a broad selloff across U.S. financial...

South Korea Economy Shows Weak Q4 2025 Growth as Domestic Demand Falters

South Koreas economy recorded minimal growth in the final quarter of 2025, as weak domestic demand and slowing private investment continued to weigh on overall activity, according to a Reuters poll of economists. While...

Oil Prices Steady as Iran Tensions Ease and Greenland Dispute Draws Market Attention

Oil prices were largely unchanged on Monday as easing geopolitical tensions in Iran reduced immediate supply disruption risks, while investors shifted their focus to a growing diplomatic standoff involving the United...

Mexico Stocks Close Higher as S&P/BMV IPC Hits New Record

Mexican stocks ended Mondays trading session on a positive note, with the benchmark SP/BMV IPC index climbing to a fresh all-time high. The index advanced 0.55% at the close, supported by strong gains across the...

Politics

Trump Administration Appeals Judge’s Order Limiting ICE Tactics in Minneapolis

The Trump administration has filed an appeal against a federal judges ruling that restricts certain tactics used by U.S. immigration agents during enforcement operations in Minneapolis, escalating tensions surrounding...

Syrian Government Consolidates Control as Kurdish Forces Withdraw from Key Regions

Syrian government troops tightened their control over large parts of northern and eastern Syria on Monday after Kurdish-led forces abruptly withdrew, marking a major shift in the countrys balance of power. The pullback by...

Ukraine Unveils New Drone-Based Air Defence Strategy Amid Rising Russian Threats

Ukraine is overhauling its air defence system by introducing a new operational approach centered on mobile groups using interceptor drones, as the country prepares for potential large-scale Russian attacks. President...

Guatemala Declares State of Siege After Deadly Gang Violence and Prison Hostage Crisis

Guatemalas president, Bernardo Arévalo, declared a 30-day state of siege after a wave of gang-related violence erupted following a dramatic prison hostage crisis that left at least seven police officers dead and 10...

Kazakh President Tokayev Accepts Invitation to Join Trump-Proposed “Board of Peace”

Kazakh President Kassym-Jomart Tokayev has agreed to join the proposed Board of Peace, an international initiative put forward by U.S. President Donald Trump, according to statements from Tokayevs spokesperson. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%

Shares of Taiwans Powerchip Semiconductor Manufacturing Corp jumped nearly 10% on Monday following news that U.S. memory chip giant Micron Technology plans to acquire one of Powerchips fabrication facilities in Taiwan,...

Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core

Tesla Inc (NASDAQ: TSLA) is set to restart development of its next-generation supercomputer, Dojo3, marking a renewed push into artificial intelligence infrastructure. Tesla CEO Elon Musk confirmed on Sunday that work on...

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

Digital Currency