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Samsung Electronics’ long-struggling foundry business is showing signs of a rebound, as improving yields, rising utilization and a string of high-profile AI chip projects raise prospects for a possible return to profit as early as the third quarter. The momentum is being driven by Samsung’s push to turn its combined strengths in logic, memory and packaging into an edge in custom artificial intelligence chips, with tight capacity at TSMC giving global tech customers more reason to diversify suppl

The Korea Herald

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BTS rebounds on Billboard’s Hot 100, Jungkook adds Spotify record

BTS ranked No. 41 on Billboard’s Hot 100 with “Swim,” moving three rungs up from the previous week, according to the latest chart published on Tuesday in the US. The single made a chart-topping debut on the main singles chart and has spent 11 weeks on it. "Swim" is the main track from BTS's fifth studio album “Arirang,” which slid down two rungs to No. 11 on the Billboard 200. It hit No. 1 on the chart upon release. Meanwhile, Jungkook achieved another milestone on Spotify with his solo song, “E

Seoul shares surge over 8% on AI confidence, Iran-Israel ceasefire; won sharply up

South Korean stocks soared by more than 8 percent Tuesday, sharply rebounding from the over 8 percent plunge the previous session, to reclaim the 8,000-point threshold, as risk-on sentiment prevailed amid a ceasefire between Israel and Iran and confidence over the artificial intelligence boom. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index added 612.52 points, or 8.18 percent, to close at 8,096.93, after rising as high as 8,119.09. The Kosp

Spurs defeat Knicks in their home turf

NEW YORK (AP) -- Victor Wembanyama has his first NBA Finals win -- and the New York Knicks suddenly have a lot of work left to end their 53-year championship drought. Wembanyama had 32 points, eight rebounds and six assists, carrying the San Antonio Spurs to a 115-111 victory on Monday night that cut the Knicks' lead to 2-1. San Antonio is trying to make a first-of-its-kind NBA Finals comeback and Wembanyama, with his array of skills, makes anything look possible. "I'm sure Victor has numerous s

Seoul shares open sharply higher on tech rebound, Iran-Israel ceasefire

South Korean stocks opened sharply higher Tuesday, rebounding from the previous session's over 8 percent plunge, as major technology shares bounced back amid a ceasefire between Israel and Iran and sentiment that business fundamentals of sectors related to artificial intelligence remain strong. After opening 2.85 percent higher, the benchmark Korea Composite Stock Price Index extended its gains, rising 247.84 points, or 3.31 percent, to 7,732.25 as of 9:15 a.m. With the sharp rise, the Korea Exc

Jalen Brunson scores 30 and Knicks finish on 11-0 run, steal Game 1 from Spurs with 105-95 win

SAN ANTONIO (AP) -- The New York Knicks' winning streak lives on, and they struck first in the NBA Finals. Jalen Brunson scored 30 points, Karl-Anthony Towns finished with 18 points and 12 rebounds, and the Knicks erased a 14-point second-half deficit to beat the San Antonio Spurs 105-95 in Game 1 of the finals on Wednesday night. OG Anunoby had 17 points for New York -- which has won 12 consecutive playoff games, the seventh team to have such a streak in NBA history. Brunson scored 13 points in

Seoul shares close at new high on tech rally, Mideast optimism

South Korean stocks rebounded to a fresh all-time high Friday, driven by strong gains in stocks related to artificial intelligence and renewed optimism about a potential ceasefire in the Middle East. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 290.86 points, or 3.55 percent, to close at 8,476.15, after hitting a new intraday high of 8,615.09. Trade volume was heavy at 701.5 million shares worth 73.7 trillion won ($48.9 billion), with loser

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