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Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source
Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday. The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions.
South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says
South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday. The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions....
South Korea should not give up on North's denuclearisation: President Lee
South Korea should not give up on North's denuclearisation: President Lee Seoul should not seek to acquire atomic weapons to counter Pyongyang's nuclear drive, says South Korean President Lee Jae Myung. South Korea should not give up on North Korea's denuclearisation, President Lee Jae Myung said on Monday (Jun 8), as China's President Xi Jinping arrived in Pyongyang for a two-day visit. Lee made the remark at a press conference marking his first year in office, which he took after months of...
South Korea's LG Group to adopt 10,000 Nvidia GPUs, Maeil says
South Korea's LG Group to adopt 10,000 Nvidia GPUs, Maeil says SEOUL, June 4 : South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG Electronics, Maeil said. A spokesperson for LG did not have an immediate comment.
'Partners and friends’: Trade and defence top of agenda at EU-South Korea summit
As security threats grow and geopolitics shift, the European Union and Republic of South Korea have celebrated a new Digital Trade Agreement at a summit in Brussels. European Commission President Ursula von der Leyen, European Council President Antonio Costa and with South Korean President Lee Jae-myung celebrated the signing of new a digital trade agreement at a ceremony in Brussels on Wednesday. The event marked the EU and South Korea's 11th summit, with everything from security and...
Nvidia CEO says robotics is South Korea's next big sector, points to 'some suprises'
Nvidia CEO says robotics is South Korea's next big sector, points to 'some suprises' SEOUL: Nvidia CEO Jensen Huang on Friday (Jun 5) said robotics will be South Korea's next major sector, as he arrived for his second visit in seven months, underscoring deepening ties with local firms in not only chips but also robotics and AI factories. "Because Korea is a manufacturing centre of the world, we can apply the robotics technology, the physical AI technology that we invent here for the...
South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology
South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology SEOUL, June 8 : Nvidia said on Monday that South Korean internet conglomerate Naver would use its technology to build AI factories at gigawatt scale to meet rising global demand for AI services and physical AI. The project is aimed at serving growing global demand for AI services and physical AI applications, Nvidia said.
A US ally is getting nuclear-powered submarines with no AUKUS. Here's how
How South Korea's plan for nuclear-powered submarines compares to AUKUS Sat 6 Jun 2026 at 7:03am The South Korean city of Gyeongju is famous for its uncanny, grass-covered burial mounds bearing the tombs of ancient kings. It will also go down in history as the place where the United States finally agreed to South Korea's long-held aspirations to acquire nuclear-powered submarines, ahead of the Asia-Pacific Economic Cooperation leaders' meeting last year. Months later, South Korea's...
North Korea slams US remarks comparing South to 'dagger'
North Korea slams US remarks comparing South to 'dagger' The state-run Korean Central News Agency (KCNA) published a commentary by analyst Kim Myong Chol, who said remarks by a US General showed the US as "the chieftain of harassing peace and the world's worst war empire". North Korea on Wednesday (Jun 3) slammed remarks by the top American military official in South Korea comparing his host nation to "the dagger in the heart of Asia", saying it reflected Washington's strategy to contain...
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The wait is almost over ... the 2026 FIFA World Cup, hosted across Canada, Mexico and the United States, is about to begin! That means we will soon start getting answers to all our burning pre-tournament questions. Will Lionel Messi lead Argentina to retain the trophy they won in Qatar in 2022 and cement his claim to GOAT status?