The Korean won and the local bourse dipped to their weakest levels in months, as Donald Trump’s victory in the US presidential election fueled concerns on the outlook of the export-reliant South Korean economy. The Korean won closed its daytime trading against the US dollar at 1,403.5 won, marking an 8.8 won depreciation from the previous trading day. It was the first time in two years for the won-dollar currency exchange rate to close at over 1,400 won. After the daytime closing, the won

Japan’s JSR Corporation, the world's top photoresist manufacturer, kicked off construction of its first semiconductor photoresist factory in Cheongju, North Chungcheong Province, on Tuesday. The new plant, being built under its Korean unit JSR Micro Korea, is set to become operational in 2026 and start supplying its advanced photoresist metal oxide resist (MOR) to Korean chipmakers, including Samsung Electronics and SK hynix. MOR has been rising as a cutting-edge alternative to low-qu

South Korean shares dipped to the lowest in over three months on Tuesday, as investors remained concerned due to the sliding Korean won and US policy uncertainties under the incoming Trump administration. The local currency sharply fell against the US dollar, closing above 1,400 won for the first time in two years. The benchmark Korea Composite Stock Price Index lost 49.09 points, or 1.94 percent, to close at 2,482.57, the lowest since Aug. 5, when the corresponding figure was 2,441.55. Trade vo

Integrate various channels and businesses' internal systems in Sobot's united platform SINGAPORE, Nov. 12, 2024 /PRNewswire/ -- Sobot attended the GITEX Global 2024 in Dubai in October, 2024. As one of the largest technology exhibitions in the world, GITEXT Global connects all participants with industry leaders, global governments, innovative startups, expert investors and corporate buyers. Sobot actively engaged in this prominent tech event, showcasing its comprehensive customer contact sol

Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, held at the Westin Josun Seoul, brought together top Korean business figures and Japanese representatives to discuss future-oriented strategies for bilateral collaboration. In his opening remarks, KEF Ch

Samsung Electronics Co. will expand its semiconductor package facilities in South Chungcheong Province to boost production of high bandwidth memory chips, company officials said Tuesday. Under a memorandum of understanding with the provincial government, Samsung Electronics will convert an underused liquid crystal display plant owned by Samsung Display Co. in Cheonan, some 85 kilometers south of Seoul, into a semiconductor fabrication plant, according to the officials. The new facilities, expect

Samsung Electronics Co. has shared more than 100 patents with smaller businesses as part of efforts to promote shared growth, the industry ministry said Tuesday. The leading South Korean tech giant transferred 128 patents to 85 companies this year to assist them in developing innovative products and solutions without royalty fees, according to the Ministry of Trade, Industry and Energy. Samsung Electronics first launched the program in 2015 and has offered a total of 1,210 patents to 673 compani

South Korean stocks opened lower Tuesday bucking continued bullish runs on Wall Street, amid lingering uncertainties over the impact of the new Trump administration's policies on the domestic industry. The Korean won also breached the psychologically important level of 1,400 won against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 12.62 points, or 0.5 percent, to 2,519.04 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite increased 0.06 p

South Korean shares declined more than 1 percent Monday as Samsung Electronics fell to an over two-year low amid rising uncertainties over the new Trump administration's trade policies. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 29.49 points, or 1.15 percent, to close at 2,531.66, following a 0.14 percent drop on Friday. Trade volume was heavy at 565.2 million shares worth 11.1 trillion won ($7.96 billion), with losers far out

South Korean stocks opened lower on Monday, as investors sat on the sidelines over policy uncertainties under the incoming Trump administration. The benchmark Korea Composite Stock Price Index fell 12.6 points, or 0.49 percent, to 2,548.55 in the first 15 minutes of trading. In Seoul, top tech giant Samsung Electronics moved down 2.11 percent, and No. 2 chipmaker SK hynix shed 1.8 percent. Top battery maker LG Energy Solution, on the other hand, increased 8.91 percent. Top steelmaker Posco Holdi

South Korean stocks closed lower Friday as uncertainties over the incoming Trump administration's policies overshadowed a back-to-back rate cut by the Federal Reserve. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 3.48 points, or 0.14 percent, to close at 2,571.15. Trade volume was moderate at 440.7 million shares worth 9.63 trillion won ($6.94 billion), with losers outpacing winners 469 to 388. Foreigners sold a net 18.1 billion

South Korean stocks opened sharply higher, tracking overnight gains on Wall Street, after the US Federal Reserve lowered its benchmark interest rate by a quarter-percentage point. The Korean won also sharply gained against the greenback. The benchmark Korea Composite Stock Price Index added 25.57 points, or 1 percent, to 2,590.2 in the first 15 minutes of trading. The rate cut marked the second consecutive reduction following a 50-basis-point cut in September. The move came after Republican flag

South Korean stocks finished slightly higher to end a two-session losing streak Thursday as investors scurry to gauge the potential impact of the upcoming President-elect Donald Trump administration's policy on key sectors like semiconductors, EV batteries and shipbuilding. The Korean won edged down against the US dollar. After opening slightly lower, the benchmark Korea Composite Stock Price Index added 1.12 points, or 0.04 percent, to close at 2,564.63. Trade volume was moderate at 447 mi

South Korean stocks opened lower Thursday on concerns over a shift in US trade and economic policies following former US President Donald Trump's comeback. The benchmark Korea Composite Stock Price Index lost 8.27 points, or 0.32 percent, to 2,555.24 in the first 15 minutes of trading. Overnight, major US indexes closed at record highs after Trump won the 2024 US presidential election as investors expected lower taxes and deregulation. The Dow Jones Industrial Average jumped 3.5 percent, an

With former US President Donald Trump's successful reelection to the White House, South Korean industries with major investments in America may be expected to realign their US business strategies amid an anticipated shift in Washington's economic and trade policies. Many in the South Korean business community forecast a second Trump administration to pursue strong protectionist trade policies centered on American interests. In particular, industries here are closely watching the poss