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News
Samsung to Pay Suppliers 1.3 Trillion Won Early Before Chuseok
3+ hour, 47+ min ago (265+ words) Seoul Economic Daily Samsung Group will pay 1.3 trillion won ($936 million) in supplier invoices ahead of schedule before the Chuseok holiday, aiming to ease cash pressure on partner firms during a period of heavy spending and to support domestic consumption Thirteen…...
U.S. 'Debt Trap' Sounds Warning for Korea's Fiscal Policy
23+ hour, 57+ min ago (522+ words) By Ahn Do-geol, Lawmaker of the Democratic Party of Korea U.S. Treasurys, the world's safest asset, are wobbling under a "debt trap." U.S. national debt has topped $40 trillion for the first time, and the 30-year Treasury yield recently broke above 5.3%, its highest…...
German Paper Warns of Chinese Capital's Grip on Jeju Island
3+ day, 6+ hour ago (248+ words) Warnings that Chinese capital is encroaching on Jeju Island have now come from Europe. After Taiwanese media raised the issue, German press has taken on the "Sinicization" of Jeju head-on, putting the structural problems created by the real estate investment…...
Oil Tops $100, but Bank of Korea Holds Off on New Forecast
3+ day, 10+ hour ago (211+ words) BOK Says It Is Too Early to Revise Scenarios Central Bank Watches Whether High Prices Persist Brent crude has climbed above $100 a barrel, but the Bank of Korea is in no rush to redraw the scenarios behind its economic outlook....
Korean Banks Raise Deposit Rates as Cash Flows Back From Stocks
3+ day, 11+ hour ago (236+ words) Deposit rates at South Korean commercial banks are rising across the board, drawing large sums of money back to bank branches from the stock market. Hana Bank raised the rate on its Hana One-Time Deposit product with a one-year maturity…...
Former Japan PM Ishiba Visits LIG D&A, Reviews Cheongung-II Systems
4+ day, 7+ hour ago (219+ words) Meets With CEO Shin Ik-hyun and Executives Reviews Status of Weapons System Technologies Shares Views on Korea-Japan Security Cooperation LIG Defense & Aerospace (LIG D&A) said on the 10th that former Japanese Prime Minister Shigeru Ishiba and Japanese Ambassador to South Korea…...
Trump's Energy Stocks Gain Up to $4.4 Million During Iran War
4+ day, 7+ hour ago (552+ words) President Donald Trump's personal energy holdings grew sharply while oil prices swung on the U.S.-Iran war, according to an analysis of his financial disclosures. Over roughly six months since the conflict began, the value of his stakes in nine major…...
Jay Y. Lee Buys 1.94 Trillion Won in Samsung Shares From Mother
4+ day, 10+ hour ago (316+ words) 7.19 Million Shares Bought Off-Market for 1.94 Trillion Won Direct Deal Between Major Shareholders Replaces Block Sale Proceeds Seen Repaying Loans Taken for Inheritance Tax Lee's Samsung Electronics Stake Rises to 1.58% From 1.47% Through the transaction, Hong secured the cash she needed and…...
Google to Invest 13 Billion Euros in Finnish AI Infrastructure
4+ day, 18+ hour ago (192+ words) New Data Centers Planned in Kajaani, Muhos and Vaala Hamina Site to Be Expanded, With Wind and Power Deals 16,000 Construction Workers to Ease Unemployment Strain Google will invest 13 billion euros (about 20.24 trillion won) in Finland to expand its artificial intelligence…...
Oil Tops $100 as Houthi Strikes Hit Saudi Refineries
4+ day, 23+ hour ago (502+ words) Seoul Economic Daily...