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Samsung Electronics reported record quarterly results, driven by a surge in memory-chip demand tied to artificial-intelligence investment and
Passengers will be limited to carrying no more than two portable power banks on board aircraft starting April
South Korea is deploying aggressive fuel price controls to cushion consumers from a sharp rise in global energy
Smartphone prices are climbing as a sharp increase in memory chip costs, driven largely by South Korea’s semiconductor
Photo=Motionelements South Korea raised its oil resource security alert to a higher level as the prolonged U.S.-Iran conflict begins to disrupt crude supply flows and strain domestic inventories. The government elevated its crude oil crisis warning to “alert,” the third level in a four-tier system, from “caution,” effective at midnight, citing mounting supply instability and tangible economic impact. The natural
Photo=motionelements South Koreans in their 30s are taking on more debt as the country transitions from years of ultra-low interest rates to a higher-cost financial environment shaped by global uncertainty and geopolitical strain. Average bank borrowing among people in their 30s has climbed to record levels, reflecting how a generation that entered the housing market during easy-money conditions is now
(Photo=MotionElements) South Korea is imposing stricter vehicle restrictions across its public sector in response to growing energy supply risks linked to instability in the Middle East. Starting April 8, government agencies nationwide will implement an odd-even system, allowing vehicles to operate only on days matching the last digit of their license plates. Odd-numbered plates can run on odd-numbered days, even-numbered
(Photo=Ministry of Climate, Energy and Environment) A deepening global energy shock is beginning to reshape South Korea’s policy outlook, turning what was once viewed primarily as a supply risk into a potential catalyst for structural change. As disruptions tied to Middle East tensions strain oil and gas flows, the country’s heavy reliance on imported fossil fuels has come into sharper
Photo=Ministry of Trade, Industry and Energy South Korea is moving to secure additional naphtha supplies from India, as rising geopolitical tensions and supply disruptions heighten concerns over feedstock availability for its petrochemical industry. Trade Minister Yeo Han-koo said he asked India to increase shipments of naphtha during talks with Piyush Goyal on the sidelines of a World Trade Organization ministerial
