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S. Korea, US finance chiefs reaffirm bilateral economic cooperation

This combined image from Yonhap News Agency and Getty Images/AFP shows South Korea’s Finance Minister Lee Hyoung-il, left, and U.S. Treasury Secretary Scott Bessent. The finance ministers of South Korea and the United States have reaffirmed the importance of economic and financial cooperation between the two countries, according to Seoul’s finance ministry. Finance Minister Lee…

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S. Korean firm’s debut plunge adds to investor concerns about AI spending

The words “AI Artificial Intelligence” and a keyboard in this illustration taken Monday. Reuters-Yonhap A 32 percent drop in shares of South Korea’s Elice Group on Tuesday renewed investor concerns about the sustainability and the payoff cycle for the vast amount of capital pouring into the AI buildout amid growing scrutiny of company valuations. The…

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