HeyJaredCynthia Kim
- Indexed articles, last 90 days
- 5
- Latest publication
- Sep 1, 2026
- Outlet visibility, for yahoo.com
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- Jul 7, 2026
Latest articles
South Korea proposes record $597 billion 2027 budget to supercharge AI investment (opens the original)
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By Cynthia Kim, Joyce Lee and Heejin Kim SEOUL, Sept 1 (Reuters) - South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country's technological edge amid the global AI race. In its annual budget proposal, the budget ministry said the spending plan represented a 12.8% rise from 2026, marking the largest year-on-year increase on record. The proposal signals a shift
South Korea's Aug exports up 68.7% y/y, expand for 15th straight month (opens the original)
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SEOUL, Sept 1 (Reuters) - South Korea's exports surged 68.7% in August from a year earlier, extending their winning streak to a 15th consecutive month and outpacing analysts' forecasts as the economy continued to ride a wave of global technology demand. Exports from Asia's fourth-largest economy came in at $98.26 billion in August, government data showed. The rate of expansion beat a median 62.6% increase tipped in a Reuters poll of economists. Adjusting for the number of working days,
South Korea's Q2 GDP beats estimates on chip export boom (opens the original)
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SEOUL, July 23 (Reuters) - South Korea's economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advance estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6% in the April-June period from a quarter earlier on a seasonally adjusted basis, faster than a median estimate of 0.4% from a Reuters poll. The result marks a sharp deceleration from the blistering 1.8% growth
BOK hikes rates for first time in 3-1/2 years, signals more (opens the original)
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SEOUL, July 16 (Reuters) - South Korea's central bank raised its benchmark interest rate for the first time in three-and-a-half years on Thursday and flagged more to come, as brisk growth in Asia's fourth-largest economy fanned inflation risks. The seven-member monetary policy board at the Bank of Korea voted to raise the seven-day repurchase rate by 25 basis points to 2.75% to stabilise a slumping won and counter persistent inflationary pressure. In a statement, the bank also said the econom
Synopsys to cut chip fab manufacturing control software in shift to AI design, sources say (opens the original)
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SEOUL, July 7 (Reuters) - U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to divert resources to higher-margin offerings such as AI design. Synopsys in April and May informed more than 10 chipmakers including Samsung Electronics, SK Hynix, Kioxia Holdings Corp and Qorvo Inc about the "end of life" move that means Synopsys will not provide future new
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