Naver Webtoon shares up nearly 10% after Nasdaq listing

Naver Webtoon was listed on the Nasdaq Thursday and according to pundits it made an impressive debut. Lee Seung-jae explains. Nearly 20 years ago, South Korea’s leading portal site Naver, launched its webtoon service in South Korea. And since then, webtoons have emerged as one of the most popular forms of comics around the world, … Read more

National tax revenue sees shortfall for first 5 months of 2024

A tax revenue shortfall for this year is looking certain. Data from the finance ministry released on Friday shows that tax revenue from January to May dropped more than nine-trillion won or around 6-point-5-billion U.S. dollars, which is a decrease of 5-point-7 percent on-year. The main reason is attributed to a fall in corporate tax … Read more

Gov’t asks N. Korea to give prior notice before releasing water from border dam

The South Korean government has requested that North Korea give prior notice before discharging water from its border dam as the peninsula enters the monsoon season. Ministry of Unification Deputy Spokesperson Kim In-ae told reporters on Friday that North Korea continues to carry out malicious and unauthorized water discharges despite the inter-Korean agreement to let … Read more

S. Korea’s industrial output, spending and investment drop m/m in May

The latest report shows facility investment, industrial output, and retail sales losing ground in May. Ahn Sung-jin has details. Despite a strong performance in the chip sector, the month of May logged a “triple minus” for industrial output, production, and investment. According to data from Statistics Korea on Friday overall industrial production dropped by nearly … Read more

Biden and Trump hold first presidential debate of 2024, sparring on economy, immigration, foreign policy

Over in the U.S. President Joe Biden and former President Donald Trump faced off in their first televised debate ahead of their November rematch, and from the beginning, they clashed over topics including the economy, immigration, and the Ukraine war. Our Shin Ha-young reports. U.S. President Joe Biden and his Republican rival Donald Trump held … Read more

[FULL] AI HEADLINE NEWS 22:00 (2024-06-28)

▪ S. Korea’s military releases video footage of N. Korean missile exploding mid-air ▪ Trump and Biden face off in first TV debate of 2024 Thurs. evening in Atlanta ▪ BTS Jimin drops new track ‘Smeraldo Garden Marching Band’ ▪ S. Korea’s industrial output, spending and investment drop y/y in May ▪ NewJeans become fastest … Read more

0628 Markets

KOREAN STOCK MARKET KOSPI : 2,797.82 +13.76 (+0.49%) KOSDAQ : 840.44 +1.79 (+0.21%) KOSPI200 : 384.02 +1.75 (+0.46%) ASIAN STOCK MARKET NIKKEI225 : 39,583.08 +241.54 (+0.61%) HANG SENG : 17,718.61 +2.14 (+0.01%) SHANGHAI : 2,967.40 +21.55 (+0.73%) WALL STREET (JUNE 27) DOW JONES : 39,164.06 +36.26 (+0.09%) NASDAQ : 17,858.68 +53.53 (+0.30%) S&P500 : 5,482.87 … Read more

[Weather] Rainy season all over the country this weekend

The heat was even stronger today. Temperatures in the southern parts of the country, where the heat had slowed down due to rain yesterday, also rose today. Seoul was at heatwave levels at 33 degrees Celsius. At night, the central region will see the start of the rainy season. Rain will begin on Jeju Island … Read more