Stories from Seoul · South Korea

Nvidia's market value has soared by over 900%, with chipmakers reporting record profits. A surge in oil prices to $100 per barrel is posing a threat to evacuation orders in Gaza. The rising costs could impact humanitarian efforts. Worldcoin (WLD) saw a price drop of 14.1% to $0.34, while Rain (RAIN) increased by 17.8% to $0.01. These market movements were reported across multiple cryptocurrency data sources. This development is attributed to increased demand and advancements in artificial intelligence technology. This surge was observed in markets such as Seoul. Stellar (XLM) saw a 10.5% rise to $0.16. This increase is driven by high demand and supply chain dynamics within the semiconductor industry. Cryptocurrency Stellar (XLM) experienced a price increase, trading up over 11% and reaching $0.16. The Rain token also saw a substantial surge, up nearly 25%.

Workers from Samsung and SK Hynix have reportedly purchased Ferrari cars. The broadcast did not specify the number of workers or the value of the purchases.

The broadcast detailed a financial deal involving Samsung subsidiaries, including C&T and Industries. This transaction appears to consolidate control within the Samsung group, potentially strengthening the position of J.Y. This deal may impact Samsung's financial structure.

Korean scientists have discovered that bacteria found in kimchi may play a role in eliminating nanoplastic particles from the body.

Inox Advanced Materials (272290) is experiencing a stock price decline over the past nine days.

South Korea has scheduled a demonstration flight for its solid-fuel Space Launch Vehicle (SLV). The exact date of the flight was not specified. The flight is planned for a future date, with specific timing not yet announced. The flight is intended to showcase the country's advancements in space technology.

BI Matrix received an award from the Ministry of Science and ICT for its achievements in industrial AI transformation.

South Korea's Ministry of Education is operating 1,141 schools with a focus on artificial intelligence.

Samsung plans to distribute up to $26.6 billion to its staff.

Samsung Electronics sales staff in South Korea are accused of fraud for selling over 18 million won in home appliances and 11 million won in funeral services to a single elderly person living alone.