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N. Korea's FM reaffirms unwillingness to talk with Japan over abduction issue
Korea's two major art biennales in Gwangju, Busan to coincide this year
[Photo News] Special instructor for the day
Hyosung honorary chair dies at 89
Yoon approves resignation of ambassador to Australia amid controversy over his appointment
Spy cameras found at 26 early voting stations nationwide: interior ministry
Hahn & Co shakes up Namyang Dairy's board to cement control
Daughter of late Samsung chairman becomes Samsung C&T president
ILO requests government's stance on its back-to-work order for doctors
More S. Koreans voice dissatisfaction with overseas e-commerce platforms in 2023
Banks rush to cough up misselling compensation
Baemin pays out W400b in dividends to Delivery Hero
[Today’s K-pop] Zerobaseone to appear on Japan TV special
[Investor] Korea M&A Exchange secures investment from Japan
GTX-A commuter line to launch 1st leg Saturday
New GTX line connecting Dongtan, Suseo in 20 min. to launch Saturday
Seoul shares end almost flat ahead of key US inflation report
[Herald Interview] Kim Ji-yeon, Jang Da-a stress zero tolerance for bullying via 'Pyramid Game'
City Oil Field to export oil coverted from waste plastic to Vietnam
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Seoul shares open higher ahead of Fed meeting
Markets
Dec 11, 2023
South Korean stocks opened higher Monday ahead of the Federal Reserve's rate-setting meeting slated for this week. The benchmark Korea Composite Stock Price Index added 8.58 points, or 0.34 percent, to 2,526.43 in the first 15 minutes of trading. Investors are awaiting this week's Federal Open Market Committee meeting, with its key rate anticipated to remain steady between 5.25 and 5.50 percent. In Seoul, tech shares traded higher, with LG Energy Solution adding 0.23 percent and SK hyn
S. Korea to launch pan-govt commission on enhanced supply chain management
Economy
Dec 11, 2023
South Korea will establish a government-wide commission for the comprehensive management of supply chains of items necessary for major industries and the people's everyday lives amid growing supply chain risks, the finance ministry said Monday. The government also plans to create a fund to secure critical items and support investment in relevant facilities as the country seeks to reduce dependence on China and other nations to better ensure stable supply chains of key items, according to th
Banks mull W2tr in cash back for small-business owners
Economy
Dec 10, 2023
Local banks are considering a financial support program worth 2 trillion won ($1.52 billion) for owners of small businesses by giving back a part of their loan payments, amid prolonged inflation and high interest rates. The measure was discussed Thursday during a task force meeting of local financial institutions and regulatory bodies aimed at finding means to support the public livelihood, industry sources said Sunday. The first of the collective efforts is set to be a cash-back rewards scheme
S. Korea's exports of dried seaweed hit new record in 2023
Economy
Dec 10, 2023
South Korea's exports of dried seaweed hit a new record on the back of growing awareness of healthy food around the globe, data showed Sunday. Outbound shipments of dried seaweed, called "gim" in Korean, reached $670 million over the January-October period, up 20.4 percent from a year earlier, according to the Ministry of Oceans and Fisheries. The ministry noted the combined export volume came to $700 million as of Nov. 10, surpassing the previous record of $690 million for the en
China's consumer prices hit 3-year low with factory cost decline
Economy
Dec 9, 2023
China's consumer prices experienced their fastest decline in three years this November, while factory-gate deflation deepened, indicating increasing deflationary pressures as weak domestic demand casts doubt on the economic recovery The consumer price index dropped 0.5 percent both from a year earlier and compared with October, data from the National Bureau of Statistics (NBS) showed on Saturday. That was deeper than the median forecasts in a Reuters poll, which predicted 0.1 percent declin
Seoul shares up over 1% on strong techs; won sharply up
Markets
Dec 8, 2023
South Korean stocks gained more than 1 percent Friday, led by the strong performance of big-cap tech shares that tracked overnight gains on Wall Street. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index added 25.78 points, or 1.03 percent, to finish at 2,517.85. The secondary KOSDAQ jumped 2.11 percent to end at 830.37. The Kospi's trade volume was moderate at 421.4 million shares worth 7.69 trillion won (US$5.88 billion), with winners ou
Seoul shares open higher on US gains
Markets
Dec 8, 2023
South Korean stocks got off to a strong start Friday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 20.03 points, or 0.8 percent, to 2,512.10 in the first 15 minutes of trading. Overnight, all three major US indexes gained ground, with the tech-heavy Nasdaq composite up 1.37 percent, as communication and IT shares rallied on favorable news in the artificial intelligence sector. Alphabet, the parent company of Google, jumped more than 5 percent on t
S. Korea logs current account surplus for 6th month in October
Economy
Dec 8, 2023
South Korea logged a current account surplus for the sixth straight month in October on the back of a trade surplus, a reduction in the service deficit and increased dividend income from overseas, central bank data showed Friday. The country's current account surplus reached $6.8 billion in October, widening from the surplus of $5.42 billion the previous month, according to preliminary data from the Bank of Korea. October's surplus came as the country's trade balance has remained
Seoul shares edge down amid US slowdown woes; won sharply down
Markets
Dec 7, 2023
South Korean stocks ended lower Thursday as investors were concerned the US economy may be losing steam. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 3.31 points, or 0.13 percent, to close at 2,492.07. Trade volume was moderate at 440.6 million shares worth 8.03 trillion won ($6.06 billion), with losers outnumbering gainers 525 to 354. Institutions dumped a combined 204.8 billion won worth of shares, while individual and foreign inve
S. Korea to support corporate emergency urea imports
Economy
Dec 7, 2023
The South Korean government will push to pay for part of urea imports when companies need to buy the chemical from nations other than China as part of efforts to prevent a supply shortage and ensure a longer-term stable supply, the industry minister has said. Industry Minister Bang Moon-kyu made the remarks during a meeting with reporters Wednesday, as China's recent suspension of customs procedures for urea shipments to South Korea has raised concerns about a supply crisis. "We have enough
Seoul shares open lower on US tech slide
Markets
Dec 7, 2023
South Korean stocks got off to a weak start Thursday as tech shares took a cue from overnight losses in US heavyweights, like Nvidia and Microsoft. The benchmark Korea Composite Stock Price Index retreated 8.91 points, or 0.36 percent, to 2,486.47 in the first 15 minutes of trading. Overnight, all three major US indexes lost ground despite jobs data that reinforced expectations the Federal Reserve may start cutting its rates early next year. AI chip leader Nvidia sank 2.3 percent, while Microsof
Mirae Asset Securities names new CEOs
Markets
Dec 6, 2023
Mirae Asset Securities, Korea’s largest investment bank and securities firm, said Wednesday that it has appointed Vice Chairman Heo Sun-ho as CEO. He will lead the company’s sprawling business together with Vice Chairman Kim Mi-seob, whose appointment was confirmed earlier in October. With Heo’s appointment, which was approved at a board of directors meeting earlier on the day, the company has completed a generational shift in its long-held dual leadership system. Heo will co
Seoul stocks end nearly flat on cautious note
Markets
Dec 6, 2023
South Korean stocks closed nearly flat Wednesday as major shares ended in mixed territory. The local currency lost ground against the US dollar. Swinging between gains and losses, the benchmark Korea Composite Stock Price Index added 1.1 points, or 0.04 percent, to close at 2,495.38. Trade volume was slim at 384.3 million shares worth 7.51 trillion won ($5.71 billion), with winners outnumbering losers 499 to 371. Institutions scooped up a net 240.5 billion won worth of shares, while individual a
[KH Explains] Banks, regulators trade blame for snowballing ELS losses
Markets
Dec 6, 2023
Top banks halt Hong Kong-tied ELS sales; authorities scramble to set compensation rate for investors
Twitch plans to shut down in S. Korea over high network costs
Economy
Dec 6, 2023
Twitch, a popular U.S.-based live game streaming platform, said Wednesday it plans to shut down its South Korean service in February next year due to high network usage fees in the country. In an announcement posted on its corporate blog, Twitch Interactive Inc. CEO Dan Clancy said the company "made the difficult decision to shut down the Twitch business in Korea on February 27, 2024." Clancy said the cost to operate Twitch in South Korea was "prohibitively expensive" and sai
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