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Nvidia’s stock rebounded on Wednesday morning, as the company probes and lawmakers scrutinize CEO Jensen Huang's relationship with an alleged Chinese spy. Shares of the company were up roughly 3.4 percent as of the late morning, trading at above $174 per share. Nvidia’s stock closed below $169 per share on Tuesday, reaching a six-month low...

Nvidia’s stock rebounded on Wednesday morning, as the company probes and lawmakers scrutinize CEO Jensen Huang's relationship with an alleged Chinese spy. Shares of the company were up roughly 3.4 percent as of the late morning, trading at above $174 per share. Nvidia’s stock closed below $169 per share on Tuesday, reaching a six-month low...

Chinese businesswoman Alice Huang has entered the spotlight in the recent days following reports of her intimate relationship with Nvidia CEO Jensen Huang and allegations of her being a spy. A recent New York Times report claimed that American authorities discovered Alice Huang illegally smuggled advanced AI chips into China while developing a “close relationship”...

Chinese businesswoman Alice Huang has entered the spotlight in the recent days following reports of her intimate relationship with Nvidia CEO Jensen Huang and allegations of her being a spy. A recent New York Times report claimed that American authorities discovered Alice Huang illegally smuggled advanced AI chips into China while developing a “close relationship”...

A fire broke out early Wednesday at a shantytown in Seoul's southern ward of Gangnam, but firefighters fully extinguished the blaze, officials said, with no injuries reported. The fire began at a home in Guryong Village at 4:28 a.m. before fire authorities put it out at 6:27 a.m. after mobilizing 105 personnel and 32 vehicles. Authorities plan to investigate the exact cause of the fire. The latest fire at the village came about two weeks following the Oct. 27 fire that forced 39 people to flee and left one person with a minor injury. Many of the makeshift homes illegally built in the town are prone to fires as they are built with highly flammable materials.

Korea added 139,000 jobs in October from a year earlier, government data showed Wednesday, with job growth exceeding the 100,000 mark for the fourth consecutive month. The number of employed people came to 29.17 million in October, compared with 29.04 million a year earlier, according to data from the Ministry of Data and Statistics. Job growth turned positive in June after declining by 40,000 in May, the first drop in 17 months. The country's jobless rate came to 2 percent last month, down 0.2 percentage point from a year earlier. The number of unemployed people totaled 602,000 in October, down 56,000 from the same month in 2025. The employment rate for people aged 15 to 64 came to 70.4 percent, up 0.3 percentage point from a year earlier. The figure for those aged 15 to 29, on the other hand, fell 1.7 percentage points to 42.9 percent.

Justice Minister nominee Lee Yong-cheol on Wednesday reiterated that a special counsel probe into allegedly fabricated indictments against President Lee Jae Myung should focus on uncovering the truth, declining to offer a clear stance on whether he would seek to drop the indictments. His remarks come after the National Assembly passed the special counsel bill last week, which the main opposition People Power Party (PPP) has criticized as being aimed at ultimately canceling all indictments against the president. "As I said earlier, now is the time to focus on uncovering the truth, while there is no change to my stance that the rest should follow the law and principles," the nominee told reporters outside his office. He earlier emphasized the role of the special counsel probe Monday following his nomination Friday. When asked about whether he would order an investigation based on the special counsel probe results, the nominee declined to comment, noting that the special counsel has yet to even launch. "I will watch the special counsel's fact-finding activities without any presumptions or pr

Korea came in 10th place among 70 countries in a global digital and artificial intelligence (AI) competitiveness ranking, the science ministry said Wednesday. The country moved up eight spots from the previous year, according to the report published by the International Institute for Management Development, a Swiss-based business school, according to the ministry. Taking the top spot this year was the United States, rising from its fourth spot a year ago. Canada, however, lost its top-spot position to be ranked at fifth place this year. Among countries in the Asia-Pacific region, Singapore was ranked second place, China came in at seventh place, and Japan ranked 19th place. By category, Korea ranked third in the technology infrastructure and efficiency metrics. The country ranked first place in the research and development expenditure per gross domestic product category and ranked eighth in the AI adaptation index, the ministry said. The science ministry added that Korea's rise in overall rankings was a result of the government's policy efforts and the country's strong resilience, and vowe

Sangmidang Holdings said Wednesday that its charitable foundation donated two refrigerated trucks to the Korea Foodbank on Tuesday, expanding a delivery support program launched to help local food banks safely transport donated food. The latest contribution brings the total number of trucks provided since the foundation signed a partnership agreement in October 2022 to 12. The foundation plans to provide eight more by 2030. Sangmidang Holdings Chairman Hur Young-in and Kim Hyun-hoon, president of the Korea National Council on Social Welfare, attended the handover ceremony in Dongjak District in Seoul. The company also donated 4,000 bakery products, which were loaded onto the trucks. The vehicles will serve Busanjin District in Busan and Gyeryong, South Chungcheong Province. The company said aging vehicles have hampered deliveries at some food banks, with refrigeration failures and frequent breakdowns creating operational difficulties. Replacing the vehicles also posed a financial burden to the food-sharing organization. The nationwide food bank network distributes donated food and househ

The American Chamber of Commerce in Korea (AMCHAM) raised a record 175 million won ($127,000) for university scholarships at its annual charity event on Tuesday, bringing together business leaders to support students from financially disadvantaged backgrounds. The total marked a 17 percent increase from the 150 million won raised a year earlier. Organized by AMCHAM’s Partners for the Future Foundation, the event featured 44 CEOs and senior executives from member companies volunteering as servers, personally serving dinner to approximately 440 guests. The number of executive volunteers increased from 41 last year. Now in its 19th year, CEO Servers’ Night is one of AMCHAM’s signature charity events, bringing business leaders out of their boardrooms to serve guests and raise funds for university students in financial need. “CEO Servers’ Night brings business leaders together in a different capacity, united by a common purpose: helping students pursue their education,” AMCHAM Chairman James Kim said. “I want to thank every CEO and executive who took the time to serve, as well as

LX Hausys has won a 2027 Home Reno Award with VIATERA Solea, its E-stone surface material, the interior materials company said Wednesday. The Home Reno Awards, organized by U.S. lifestyle magazine Good Housekeeping, recognize home renovation products and services for their design, functionality and other qualities through expert evaluations and testing. VIATERA is LX Hausys' engineered stone brand, made primarily from natural quartz. It is known for its durability and natural stone-like appearance, and is used for kitchen countertops and bathroom vanity tops. VIATERA Solea features wide and subtle gold-toned veining against a white background, giving the engineered stone surface a natural stone-like appearance. It is designed to have patterns align seamlessly when multiple slabs are installed side by side, creating the appearance of a single continuous surface across large areas. It also offers high resistance to scratches and stains from everyday use, making it durable and easy to maintain, the company said. LX Hausys has won the award for the second consecutive year, following last year

Global food service and restaurant franchise operator, Theborn Korea, has partnered with Italian oven manufacturer UNOX to program its standardized recipes into commercial equipment, paving the way for an automated K-food rollout across Europe. Theborn Korea said Wednesday it signed a memorandum of understanding with UNOX on Nov. 4 at the Italian company's headquarters, combining its expertise in Korean cuisine and TBK sauces with UNOX's commercial cooking technology. Under the agreement, the companies will test Korean dishes using 11 varieties of TBK sauces and convert cooking conditions into data to develop standardized recipes and operating manuals. The goal is to allow local restaurant workers with little experience preparing Korean food to produce dishes with consistent taste and quality using UNOX smart ovens. Founded in 1990, UNOX specializes in commercial smart ovens and recorded global revenue of 360 million euros (540.6 billion won) last year, according to Theborn Korea. Its product lineup includes convection ovens, which use circulating hot air for even cooking, and combination