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AI layoffs mount amid software sector bloodbath

"AI layoffs" have become a familiar phrase at tech companies in the past two years. More and more companies, especially in the software sector, are downsizing workforces, citing the development of AI as the reason. These cuts can sometimes reduce a significant proportion of the company's employees in a single round …

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SK hynix expected to post record 64.1 tln won in Q2 operating profit: report

SEOUL, July 26 (Yonhap) -- SK hynix Inc. is expected to post an all-time high operating profit of 64.1 trillion won (US$43.7 billion) in the second quarter, driven by its leadership in the high bandwidth memory (HBM) market amid an artificial intelligence (AI)-led semiconductor supercycle, a report showed Sunday.

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Lee says ties with S. America entering 'new phase,' seeks cooperation in resources, trade

SAN FRANCISCO, July 25 (Yonhap) -- South Korea's relationship with South America is entering a "new phase," President Lee Jae Myung said in a recent interview published Saturday, adding his country seeks to advance negotiations for a trade agreement with the region's trading bloc and cooperation on critical minerals.

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