Seoul, June 10 (IANS) The US-Iran war has made North Korea even less likely to give up its nuclear weapons program, South Korean President Lee Jae Myung said in an interview published on Wednesday.Lee made the remark in a recent interview with The Economist on the occasion of the first anniversary of his inauguration, adding the “unique personality” of US President Trump can be “very helpful” in bringing the North back to dialogue.Lee also reaffirmed South Korea’s own commitment to nonproliferat…
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Seoul, June 10 (IANS) South Korean stocks started sharply lower on Wednesday on news that the United States has launched new strikes on Iran and overnight tech losses on Wall Street.After opening 2.43 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 125.98 points, or 1.56 percent, to 7,970.95 in the first 15 minutes of trading, reports Yonhap news agency.The U.S. has struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz, …
Seoul, June 8 (IANS) South Korean stocks were trading more than 6 per cent lower late on Monday as investors dumped market heavyweights amid a tech slump sparked by a US chip slide and concerns over a possible hawkish pivot of the US Federal Reserve. The local currency was trading sharply lower against the US dollar after opening at a 17-year low.After falling nearly 9 percent, the benchmark Korea Composite Stock Price Index (KOSPI) had plunged 492.8 points, or 6.04 percent, to 7,667.79 as of 11…
Seoul, June 5 (IANS) Seoul shares traded nearly 4 per cent lower on Friday as investors locked in profits from a recent tech-led rally while monitoring uncertainty over US-Iran peace negotiations.After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.The Korea Exchange suspended program trading for the KOSPI for five minutes at a…
Seoul, June 4 (IANS) South Korean stocks opened sharply lower on Thursday, tracking overnight losses on Wall Street caused by uncertainty over negotiations between the United States and Iran to end their war in the Middle East.After starting 2.02 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) lost 180.03 points, or 2.05 percent, to 8,621.46 as of 9:15 am, reports Yonhap news agency.The KOSPI closed at an all-time high of 8,801.49 on Tuesday. The local stock market was clo…
Seoul, June 2 (IANS) Jensen Huang, chief executive officer of US chip giant Nvidia, met with SK Group Chairman Chey Tae-won in Taipei to discuss the future of cooperation in artificial intelligence (AI) memory.The meeting took place in Taipei, according to a post on SK Group’s Facebook account. Both executives were in the Taiwanese capital to attend Computex, one of Asia’s largest technology trade shows.”With SK hynix reaching a market capitalisation of US$1 trillion, the executives of both comp…
New Delhi, June 2 (IANS) As the artificial intelligence boom reshapes the global technology industry, compensation and profit-sharing are increasingly emerging as key issues, with Nvidia CEO Jensen Huang arguing that workers should be paid as much as possible.Speaking on the sidelines of Computex in Taipei on Tuesday, Huang said employees should benefit from the rapid growth generated by AI-driven investments.“I think people should be paid as much as possible,” Huang said while responding to…
Seoul, June 2 (IANS) South Korean stocks traded lower late on Tuesday morning as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street.Opening a tad higher, the benchmark Korea Composite Stock Price Index (KOSPI) was down 188.63 points, or 2.15 percent, to 8,599.75 as of 11:20 am (local time), reports Yonhap news agency.Overnight, U.S. stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment.U.S. c…
Seoul, May 29 (IANS) Samsung Electronics said on Friday it has begun shipping samples of its latest high-bandwidth memory (HBM) chip, the 12-layer HBM4E, marking the world’s first shipment of the next-generation artificial intelligence (AI) memory product.The move comes just three months after Samsung became the first company to begin mass production and shipments of sixth-generation HBM4 chips in February, underscoring its efforts to strengthen its leadership in the rapidly growing AI memory ma…
Seoul, May 28 (IANS) South Korean stocks were trading more than 1 per cent lower late on Thursday as foreign investors unloaded local shares following a recent tech-led rally and news that the United States launched new strikes against Iran.The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 84.32 points, or 1.02 percent, to 8,144.38 as of 11:20 a.m, reports Yonhap news agency.The index closed at a record high of 8,288.7 on Wednesday, extending its winning streak to the fourth con…