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South Korea and India should deepen economic cooperation in areas ranging from semiconductors and shipbuilding to clean energy and critical minerals, India's ambassador to Seoul said Wednesday, highlighting growing opportunities for Korean businesses in one of the world's fastest-growing economies. Indian Ambassador Gourangalal Das said India remains a "stable, steady and focused player" despite growing global uncertainties, including geopolitical conflicts, technological disruptions and demogra

The Korea Herald

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AI chip boom fuels Korea's fastest growth in 5 years

Riding a wave of AI-driven semiconductor demand, South Korea's economy grew 1.8 percent in the January-March period, as booming chip exports powered one of the strongest expansions in recent years, central bank data showed Tuesday. The country's real gross domestic product expanded 1.8 percent from the previous quarter, 0.1 percentage point higher than the Bank of Korea's preliminary estimate released in April. The stronger-than-expected growth was largely fueled by the semiconductor industry, w

KBS World (English)

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BOK: Economy Expanded at Highest Rate in 5 1/2 Years in Q1

[Economy] : Anchor: The South Korean economy grew at its fastest rate in more than five years in the first quarter. According to data released by the Bank of Korea on Tuesday, the economy expanded one-point-eight percent between January and March of this year. The increase was due largely to the export boom led by ... [more...]

S. Korea's economy expands 1.8% in Q1, faster than earlier estimate

The South Korean economy grew at the fastest pace in more than five years in the first quarter, supported by strong exports and solid domestic demand, central bank data showed Thursday. The real gross domestic product rose 1.8 percent in the January-March period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea. The reading marked the strongest quarterly growth since the third quarter of 2020, when the economy g

Zombie thriller 'Colony' hits 4 mln admissions

The Korean film "Colony" continued its upward streak, drawing more than 4 million admissions since its release last month, data showed Thursday. The star-studded blockbuster reported 4,043,762 accumulated admissions as of Wednesday, adding 331,493 admissions from the previous day, according to the data released by the Korean Film Council. The milestone came on the 14th day of its release, marking the fastest pace by a film released in South Korea this year. "Colony" is the latest zombie thriller

Consumer prices up 3.1% in May on soaring fuel prices

South Korea's consumer prices rose more than 3 percent in May from a year earlier amid global energy price volatility following the Middle East war, data showed Tuesday. Consumer prices, a key gauge of inflation, increased 3.1 percent last month from a year earlier, according to data from the Ministry of Data and Statistics. It marked the fastest growth in 26 months after rising at the same pace in March 2024. Prices of industrial products rose 4.2 percent, driven largely by higher fuel prices.

Credit loans at local banks sharply rise in May amid stock rally

Credit loans at major South Korean banks surged in May at the fastest pace in more than five years, data showed Sunday, as investors increasingly took out loans to buy stocks amid a record-breaking market rally. Outstanding credit loans at five major lenders -- KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup -- stood at 107 trillion won ($70.9 billion) as of Friday, according to data compiled by the banks. The total increased by 2.65 trillion won from the end of April, or 2.55 percent on a mont

ScreenX gains momentum with genre movie audiences

ScreenX, a panoramic exhibition format, is gaining traction as audiences increasingly seek experience-driven cinema. According to CGV, “Colony,” which premiered on May 21, delivered an opening-week ScreenX occupancy rate exceeding 30 percent, the highest among new ScreenX feature film releases this year. The film also crossed 2 million admissions within just five days of release, marking the fastest pace to reach that milestone so far this year. ScreenX theaters extend the image beyond the tradi

Zombie thriller 'Colony' breaks 2 m admissions

The zombie spectacle "Colony" has drawn more than 2 million admissions following its release last week, data showed Tuesday, hitting the milestone at the fastest pace among films released this year. The Korean film had recorded 2,018,644 accumulated admissions Monday, just five days following its release on Thursday, according to the data released by the Korean Film Council. It maintained its No. 1 spot on the daily box office chart for a fifth straight day Monday with 517,011 admissions. The Ho

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[유효상 칼럼] 왜 식탁 접시만 한 커다란 칩이 엔비디아를 긴장시킬까

지난 5월 14일 나스닥에 상장한 AI 스타트업 주가가 공모가보다 두 배 높은 가격에서 거래를 시작했지만, 매수 주문이 너무 많이 쏟아져 거래소 시스템이 잠깐 멈췄다. 그 주인공은 세레브라스 시스템즈(Cerebras Systems)다. 세계에서 가장 큰 사이즈의 반도체를 만드는 회사다. '세계에서 가장 빠른 AI는 세계에서 가장 큰 칩에서 작동한다(The world's fastest AI runs on the world's biggest chip)'는 슬로건을 내세운 세레브라스는 앤드류 펠드먼(Andrew Feldman)이 2016년 창업했다. 펠드먼은 스탠퍼드 MBA 출신으로, 2007년 에너지 효율 마이크로서버 기업 SeaMicro를 창업해 AMD에 매각한 후 직원들과 또다시 새로운 회사를 시작한 연쇄 창업가(Serial Entrepreneur)다. 돈이 목표가 아니라, "컴퓨터 역사 박물관(Computer History Museum)에 이름을 남길 무언가를 만들고 싶었다"는 것이 세레브라스의 출발이었다....

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