Economy
The government of South Korea has stated that it will use all available measures, including emergency arbitration, to prevent a potential labour strike at Samsung Electronics Co Ltd, the country’s largest employer and a key player in the global semiconductor market. According to government officials,......
Negotiations between Samsung Electronics Co Ltd and its labor union are set to resume on Monday with the involvement of a government mediator, according to union representatives, as both sides attempt to avoid a potential escalation of industrial tensions. The discussions come after recent breakdowns......
Global equity markets fell on Friday as a sharp rise in oil prices and higher bond yields reignited concerns that central banks may be forced to tighten monetary policy again. Investors reversed recent optimism over potential interest rate cuts, shifting toward expectations of prolonged monetary pressure......
A newly appointed member of the Bank of Korea has warned that inflation concerns are increasing as global economic uncertainty continues to affect energy prices and financial markets. Speaking in Seoul, board member Kim Jin-ill stated that higher oil prices linked to tensions in the Middle East are......
SK Innovation announced stronger-than-expected first-quarter profits while warning that the recovery of its refining business could take longer despite possible improvements in geopolitical conditions. The South Korean energy group, which owns SK Energy, stated that production and logistics operations......
Investors are urging Donald Trump and Xi Jinping to avoid escalating technology and trade tensions during this week’s summit in Beijing, as global markets continue to rally around artificial intelligence. The two leaders are expected to meet on May 14 and 15 in what marks Trump’s first official......
Trade delegations from China and the United States are set to meet in South Korea next week for high-level economic discussions, according to Chinese state media. The talks will take place on Tuesday and Wednesday and will focus on mutual trade issues between the two largest economies in the world,......
Morocco and South Korea are advancing toward a significant deepening of their bilateral economic relationship, with both countries agreeing to explore the early launch of negotiations for a Comprehensive Economic Partnership Agreement. The move signals a deliberate effort by Rabat to diversify its international......
The Strait of Hormuz closure blocks 20% of global oil and comparable liquefied natural gas flows, sparking the modern era's largest energy disruption. Asian governments ration fuels, revive coal power, and fast-track nuclear plans. Western oil majors post surging profits as supplies dwindle. The......
Brent crude slipped below 110 dollars a barrel on Thursday, pulling back from a brief spike above 120 dollars the previous day, one of the most volatile stretches on oil markets since the start of the Strait of Hormuz crisis two months ago. The sharp moves underscore a market caught between fears of......
China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated......
Japan’s Nikkei 225 index crossed the 60,000-point threshold for the first time in its history on Thursday, marking a major milestone after decades of market evolution. The benchmark briefly reached an intraday high of 60,013.98 points early in Tokyo trading before reversing course and slipping......
Asian equity markets surged to new highs as strong demand for artificial intelligence technologies and easing geopolitical tensions lifted investor sentiment. Japan’s Nikkei 225 closed at a record level, while South Korea’s KOSPI broke above 6,400 points for the first time, driven by gains......
