South Korea

Samsung Q2 profit surges 19-fold, stock slumps on AI demand fears

Record AI-led chip earnings beat estimates, but fears of slowing AI spending trigger a sharp selloff.

Samsung expects Q2 profit to surge 19-fold to a record high as AI memory boom lifts chip prices

Samsung Electronics expects a 19-fold jump in second-quarter operating profit as AI-driven demand continues to lift memory chip prices, extending its record earnings streak

From robot cafés to self-service shops: How South Korea is tackling its labour shortage| Watch

From robotic baristas serving coffee to self-service ramen shops operating around the clock, South Korea is rapidly adopting unstaffed retail. Driven by labour shortages, rising wages and changing demographics, businesses are turning to automation while relying on a culture of trust to keep their doors open without employees.

South Korean stocks plunge as much as 7% as AI jitters hammer Samsung, SK Hynix

South Korean stocks plunged as much as 7 per cent as AI-related concerns triggered a sharp selloff in semiconductor shares. Samsung Electronics and SK Hynix each fell over 8 per cent amid worries over AI spending, potential overcapacity and rising competition from Chinese chipmakers

South Korea's exports hit fastest growth since 1978 as AI chip demand surges

South Korea's exports surged 70.9 per cent in June, marking the fastest annual growth since 1978, as booming global AI investment drove record semiconductor shipments and pushed the country's monthly exports above $100 billion for the first time

South Korea wants to spend $650 billion to win the AI race. Here's the bigger plan

South Korea has unveiled a decade-long $650-billion plan to build a new semiconductor and AI hub led by Samsung and SK Group. The ambitious strategy aims to strengthen the country's position in the global AI race while reshaping its industrial landscape beyond Seoul

South Korea deploys fighter jets as Chinese, Russian warplanes enter air defence zone

South Korea deployed fighter jets after more than 10 Chinese and Russian military aircraft entered its air defence identification zone, although none violated its sovereign airspace

Ex-South Korean First Lady Kim Keon Hee sentenced to 7 years in jail for bribery

Former South Korean First Lady Kim Keon Hee has been sentenced to seven years in jail for bribery.

South Korea's Kospi is soaring one day, sinking the next. Here's why

South Korea's benchmark Kospi has become the world's most volatile major stock market as the AI boom collides with rising valuations, soaring chip costs and heavy retail speculation. Here's why the dramatic swings could signal the next phase of the global AI trade

South Korea's Kospi halts trading after plunging over 8% amid AI sell-off

South Korea's Kospi plunged 8.2% and briefly halted trading after a circuit breaker was triggered, as a US tech sell-off hit chip stocks and raised fresh concerns over AI spending