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Asia

The Korea Times

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Wed, July 24, 2024 | 03:22

KB Financial Q2 net hits quarterly high on increased interest income

KB Financial Q2 net hits quarterly high on increased interest income

KB Financial Group on Tuesday reported its second-quarter net income soared 15.5 percent from a year earlier to reach its highest on a quarterly basis on the back of increased interest income, recovering from burdens related to compensation for a mishap in the sales of equity-linked securities.

2024-07-23 16:45

AI chip startup Rebellions to receive $14.4 mil. investment from Saudi Aramco

AI chip startup Rebellions to receive $14.4 mil. investment from Saudi Aramco

Korea's artificial intelligence (AI) chipmaker Rebellions said Tuesday it has receive an investment of 20 billion won ($14.4 million) from Saudi Arabia's state-owned oil giant Aramco, a move expected to help the company break into the Middle Eastern AI chip market.

2024-07-23 16:21

Samsung chief to fly to Paris to promote Galaxy smartphones

Samsung chief to fly to Paris to promote Galaxy smartphones

Samsung Electronics Executive Chairman Lee Jae-yong will travel to Paris to attend the upcoming Olympics to promote its flagship Galaxy smartphone series at the scene of the world's largest sporting event.

2024-07-23 16:18

SK struggles to calm workers protesting merger plan

SK struggles to calm workers protesting merger plan

SK Group is facing a backlash from employees of SK Innovation and SK E&S over the planned merger of the two energy affiliates, which is partially intended to support the money-losing battery unit SK On, according to industry officials, Tuesday.

2024-07-23 16:01

Hyundai Motor supplies EV buses to Japan's Iwasaki

Hyundai Motor supplies EV buses to Japan's Iwasaki

Hyundai Motor will supply its electric buses to Japan’s Iwasaki Group, enabling the tourism service firm to operate a total of five Elec City vehicles on routes on Yakushima Island, a tropical island off the southern coast of Kyushu, Japan, the Korean automaker announced Tuesday.

2024-07-23 15:30

Talks between Samsung Electronics and striking workers end without agreement

Talks between Samsung Electronics and striking workers end without agreement

Samsung Electronics Co. and its largest labor union resumed wage talks Tuesday but failed to reach an agreement, informed sources said.

2024-07-23 15:16

[Reporter’s Notebook] Korean biz lobby promptly mourns Vietnamese leader’s death

Reporter’s NotebookKorean biz lobby promptly mourns Vietnamese leader’s death

Senior executives of the Korea Chamber of Commerce and Industry (KCCI) were busy last Friday checking messages from Vietnam, during the last dinner at the 47th KCCI Jeju Forum, the leading business lobby’s largest event of the year.

2024-07-23 14:55

Trilateral partnership to train US shipbuilding experts

Trilateral partnership to train US shipbuilding experts

Shin Jong-gye, second from left, technical adviser to HD Korea Shipbuilding & Offshore Engineering (KSOE), poses with U.S. Secretary of the Navy Carlos Del Toro, left, Senior Adviser to the Secretary of the Navy Steve Brock, second from right, and Jonathan Page, naval architecture and marine engineering professor at the University of Michigan, after signing a memorandum of un...

2024-07-23 12:07

Kakao founder arrested over alleged stock manipulation

Kakao founder arrested over alleged stock manipulation

The founder of Korean tech giant Kakao was arrested Tuesday on charges of stock price manipulation related to the firm's takeover of K-pop powerhouse SM Entertainment last year, prosecutors said.

2024-07-23 06:56

Korean Air to order up to 50 wide-body aircraft from Boeing for estimated $22 bil.

Korean Air to order up to 50 wide-body aircraft from Boeing for estimated $22 bil.

Korean Air signed a memorandum of understanding (MOU) with Boeing in the U.K. on Monday (local time), marking a significant commitment to expand its fleet with the purchase of 20 Boeing 777-9 aircraft and 20 Boeing 787-10 Dreamliners, with an option to purchase 10 more of the largest variant of the 787 Dreamliner in the future, the airline said on Monday.

2024-07-22 19:00

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Top 10 Stories

1	N. Korea says it does not care about Trump's boasting of friendship with Kim

2	Fewer foreign residents in Korea wire money back to family

3	Kakao faces gloomy outlook following founder's arrest

4	INTERVIEWSenior models in Korea redefine age and beauty

5	Kim Jong-un anticipates Donald Trump's reelection: experts

6	Gov't ups limit on meal prices under anti-graft law to 50,000 won

7	Jamsu Bridge closed due to rising river levels

8	'Chaebols, NPS drive Korea discount': London-based proxy adviser

9	Korean wine importers struggle with falling sales

10	Former interim leader elected as new ruling party chief

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