Seoul shares opened higher Monday, tracking gains on Wall Street last week. The benchmark Korea Composite Stock Price Index (Kospi) rose 5.19 points, or 0.2 percent, to 2,599.01 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average gained 0.09 percent to 43,275.91, and the tech-heavy Nasdaq Composite was up 0.63 percent to 18,489.55. In Seoul, large-cap stocks were mixed. Market bellwether Samsung Electronics Co. fell 0.8 percent, leading auto parts maker Hyundai Mobis

Samsung Electronics’ chip division is likely to be dethroned by TSMC, the world's largest foundry company that manufactures Nvidia chips, in terms of the latest quarterly sales, according to industry sources on Sunday. Samsung’s third-quarter sales are estimated to reach a record high of 79 trillion won ($57.7 billion), up 17.2 percent from a year ago. Although the Korean tech giant has not released detailed reports on the performance of its key business units for the quarter ea

South Korean stocks closed lower Friday as foreign investors unloaded big-cap tech and battery shares. The local currency fell against the US dollar. After opening slightly higher, the benchmark Korea Composite Stock Price Index (Kospi) lost 15.48 points, or 0.59 percent, to close at 2,593.82. Trade volume was slim at 259.1 million shares worth 8.1 trillion won (US$5.9 billion), with losers far outpacing winners 589 to 267. Overnight, the Dow Jones Industrial Average climbed 0.37 percent to clos

South Korean shares opened slightly higher Friday, taking a cue from overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) added 4.09 points, or 0.16 percent, to 2,613.39 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average climbed 0.37 percent to close at 43,239.05, marking a new high for a second consecutive session on reports of better-than-anticipated consumer spending. The U.S. Department of Commerce reported that the value of ret

Samsung Electronics, the world’s largest smartphone maker by shipment, is expected to launch its thinnest foldable phone next week to reinforce its footing in the global foldable smartphone market where Chinese rivals are edging their way up. Releasing a video invitation on Thursday, Samsung said it would introduce a new product on Monday and set the market launch date on Oct. 25. While the smartphone maker did not reveal what the product will be, it gave away a hint in the video showing o

South Korean shares closed slightly lower Thursday as foreign investors extended their selling streak to a second session. The local currency lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index (Kospi) slipped 1.06 points, or 0.04 percent, to close at 2,609.30. Trading volume was moderate at 325 million shares worth 9.7 trillion won ($7.09 billion), with losers outnumbering gainers 511 to 358. Foreign investors net sold 405.8 billion won worth of local shares, on

Samsung Electronics, the world's largest memory chip maker, said Thursday it has developed the industry’s first 24-gigabit GDDR7 DRAM, set for a market debut early next year. Compared to the previous 16Gb GDDR7 DRAM, the new chip has improved capacity, performance and power efficiency, the company said. Samsung applied 12 nanometer-class processing technology to increase cell density within the same package size, achieving a 50 percent increase in capacity compared to the predecessor.

South Korean shares opened a tad higher Thursday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) added 1.75 points, or 0.07 percent, to 2,612.11 in the first 15 minutes of trading. US stocks rebounded on Wednesday, one day after posting sharp declines on concerns of a downturn in the artificial intelligence and semiconductor market. The Dow Jones Industrial Average gained 0.79 percent to close at 43,077.70, with the tech-heavy Nasdaq advancing 0.2

South Korean stocks ended lower Wednesday due to losses in tech shares amid concerns over their earnings. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 23.09 points, or 0.88 percent, to close at 2,610.36, ending the two-session winning streak. Trading volume was moderate at 429.5 million shares worth 9.8 trillion won ($7.2 billion), with losers outnumbering gainers 551 to 323. Foreign investors led the daily drop, dumping a net 664.3 b

Shares of Korean chipmakers fell on Wednesday in a bearish market as major chip-related stocks worldwide declined following a gloomy 2025 forecast from semiconductor bellwether ASML. ASML, a Dutch company that makes the world’s most advanced chip-making equipment, reported its booking was half the orders the market expected in its quarterly earnings, and saw its shares plunge 16 percent to close at 668.10 euros ($727) in Amsterdam. Other chip stocks also declined, with Nvidia falling 4.5 p

The South Korean government will inject 8.8 trillion won ($6.45 billion) next year to advance the country’s semiconductor ecosystem through low-interest loans while accelerating infrastructure construction and nurturing talent. Finance Minister Choi Sang-mok announced a slew of plans for comprehensive support for the chip industry while presiding over a ministerial meeting Wednesday, with firms in the sector clamoring for more concrete measures to catch up to global rivals. “We wil

South Korean stocks started sharply lower, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 29.41 points, or 1.12 percent, to 2,604.04 in the first 15 minutes of trading. Overnight, US stocks closed sharply lower due to poorer-than-expected earnings outlooks of chip equipment-maker ASML Holdings. The Dow Jones Industrial Average fell 0.75 percent, and the tech-heavy Nasdaq Composite tumbled 1.01 percent. In Seoul, most shares opened weaker across the

Herald Media Group hosted the Herald Business Forum on Tuesday, offering insights to help businesses make decisions that enable them to lead the global industrial ecosystem. The theme was “Surviving Technology’s Metamorphosis.” "AI has become a key technology for national economy and security. The government will fully support companies so that they can boldly challenge the global market and achieve success,” said Park Chun-sup, senior presidential secretary for econ

Samsung Electronics said Tuesday it has forged an exclusive partnership with the Museum of Modern Art in New York to showcase a curated collection of 27 masterpieces, including Piet Mondrian's Trafalgar Square, on The Frame, the company's premium TV. Samsung said users will be able to enjoy iconic artworks of the most distinguished artists in 4K quality directly in their homes via Samsung Art Store, the company’s digital curator service. (Samsung Electronics)

South Korean shares opened higher Tuesday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) added 5.45 points, or 0.21 percent, to 2,628.74 in the first 15 minutes of trading. Overnight, US stocks closed sharply higher ahead of earnings reports. The Dow Jones Industrial Average gained 0.47 percent to close at 43,065.22, breaching the 43,000 mark for the first time, while the S&P 500 also climbed to a record high of 5,859.85. In Seoul, large cap