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Unionised Samsung workers to hold rally in South Korea as labour unrest grows

Unionised Samsung workers to hold rally in South Korea as labour unrest grows

By Hyunjoo Jin PYEONGTAEK, South Korea, April 23 (Reuters) - Unions at Samsung Electronics said they expect about 37,000 workers to attend a rally in South Korea on Thursday, ahead of a threatened strike next month that could disrupt chip supplies amid booming demand for artificial intelligence.
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Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts

Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts

By Heekyong Yang and Joyce Lee SEOUL, April 23 (Reuters) - South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products.
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South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand

South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand

By Cynthia Kim SEOUL, April 23 (Reuters) - South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI investment, though rising risks from the Middle East war threaten to cut into the record earnings.
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SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices

SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices

SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices
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South Korea police seek detention warrant for BTS agency founder Bang

South Korea police seek detention warrant for BTS agency founder Bang

By Kyu-seok Shim and Heekyong Yang SEOUL, April 21 (Reuters) - South Korean police have requested a detention warrant for Bang Si-hyuk, the chairman of Kpop agency HYBE, over alleged illegal trading tied to the company's initial public offering.
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South Korea tells US lawmakers it will ensure no discrimination against US tech firms

South Korea tells US lawmakers it will ensure no discrimination against US tech firms

By Heejin Kim SEOUL, April 23 (Reuters) - South Korea's government said on Thursday it would ensure no discrimination against U.S. tech companies, including e-commerce firm Coupang, following a letter from U.S. lawmakers calling for an end to unfair targeting of American businesses.
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Another deadline dodged

Another deadline dodged

By Mike Dolan April 22 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets President Donald Trump unilaterally extended the Iran war ceasefire beyond Wednesday's deadline, but it's not clear whether anyone else involved in the conflict has
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Taking Bank of Korea helm, crisis-era veteran pursues ambitious won overhaul

Taking Bank of Korea helm, crisis-era veteran pursues ambitious won overhaul

By Cynthia Kim SEOUL, April 21 (Reuters) - As Shin Hyun Song takes the helm of the Bank of Korea this week, the seasoned economist is taking on an ambitious task: making the won a global currency without jolting capital flows, just as Asia's fourth-largest economy enters a turbulent phase.
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Morning Bid: How much risk can markets swallow?

Morning Bid: How much risk can markets swallow?

A look at the day ahead in European and global markets from Rae Wee It's hard to pop the champagne when you're constantly looking over your shoulder.
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Morning Bid: Tech overwhelms Iran tension

Morning Bid: Tech overwhelms Iran tension

By Mike Dolan April 21 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Tech stocks are refusing to go to ground this week, despite ongoing Gulf tensions and the looming expiry of the current two-week U.S.-Iran ceasefire on Wednesday.
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Regulators monitor Anthropic's Mythos for banking risks

Regulators monitor Anthropic's Mythos for banking risks

SYDNEY, April 20 (Reuters) - Regulators said on Monday they are monitoring the development of Anthropic's frontier AI model Mythos, which experts say could have the capability to be used to destabilise banking systems.
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South Korea economy likely returned to growth in Q1 - Reuters poll

South Korea economy likely returned to growth in Q1 - Reuters poll

By Rahul Trivedi BENGALURU, April 21 (Reuters) - South Korea's economy likely returned to growth last quarter due to strong semiconductor exports and steady domestic demand, a Reuters poll of economists showed, although some warned the Middle East war could begin weighing on activity.