Wire

AI & Data Centers

Samsung Beats Nvidia on Profit—Then Its Stock Falls 2%

Samsung reported Q3 operating profit of 107.4 trillion won—surpassing rivals like Nvidia and breaking Korean corporate records—driven by global AI chip demand lifting memory prices. The results touch all Samsung shareholders and Korea's export-dependent economy, with earnings announced October 8. Ho

Wire

Seoul Apartment Prices Rise for 87th Straight Week

Seoul's residential property market extended its streak to 87 consecutive weeks of price gains. The first week of October saw a 0.12% week-on-week increase, continuing a pattern that reflects persistent demand from owner-occupants and investors despite higher borrowing costs. This affects renters (r

Wire

South Korea’s August surplus hits $46B — second-biggest ever

South Korea recorded a current account surplus of $46.11 billion in August—the second-largest on record—as semiconductor exports surged. The surplus is the broadest measure of South Korea's trade and financial flows; large surpluses mean more won flowing in than out, strengthening currency and reser

Wire

Korea’s Top Oil Firms Face Price-Fixing Probe After Iran War

South Korea's antitrust regulator is investigating whether SK Energy and Hyundai Oilbank—which together control half the nation's oil refining capacity—colluded to fix prices after tensions with Iran. The probe affects fuel costs for all drivers and heating customers. Korea tightly monitors downstre