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Final push to forge UN treaty on plastic pollution set to begin in Busan
Opposition leader awaits ruling in perjury trial
Submission of edited recording punished as attempted fraud
Doosan’s restructuring plan clears regulatory hurdle, awaits shareholder approval
Korea Kimchi Grand Festival transcends politics, nationality to help needy
Court backs subsidy cut for hospital that refused emergency patient
Wealthy parents ditch Korean passports to get kids into international school
Police nab 294 doctors this year over drug-related offenses
First snow to fall in Seoul on Wednesday
Exclusive, new stages highlight of 2024 MAMA
Man convicted after binge eating to avoid military service
Woori Bank CEO to step down amid legal turmoil over loan scandal
Fire extinguishers now mandatory for vehicles carrying 5 or more
Top actors heat up December box office
Purme Foundation honored with HD Hyundai charity award
Job creation lowest on record among under-30s
[From the Scene] Immersive heritage exhibition opens in Gangneung, Las Vegas
Opposition leader faces sentencing hearing over allegedly suborning perjury this week
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Seoul shares almost flat after Fed minutes, Nvidia results
Markets
Nov 22, 2023
Seoul shares closed little changed Wednesday, as the Federal Reserve still warned against high inflation and US AI chip leader Nvidia released lower-than-expected earnings results. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index was up 1.28 points, or 0.05 percent, to close at 2,511.70. Trade volume was moderate at 433.37 million shares worth 7.66 trillion won ($5.9 billion), with gainers outnumbering losers 428 to 421. Institutions and individuals sold
Seoul shares open lower on Fed minutes, Nvidia results
Markets
Nov 22, 2023
Seoul shares opened lower Wednesday as the Federal Reserve still warned against high inflation and US AI chip leader Nvidia released lower-than-expected earnings results. The benchmark Korea Composite Stock Price Index fell 13.92 points, or 0.6 percent, to 2,496.50 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.2 percent to 35,088.29, and the tech-heavy NASDAQ shed 0.6 percent to 14,199.98. There have been expectations that the Fed is at the end of its hik
S-Tec System, Vietnam’s Military Bank partner on security services
Economy
Nov 21, 2023
S-Tec System, a South Korean security services provider, announced Monday that it has signed a memorandum of understanding with Vietnam's Military Commercial Joint Stock Bank. The company aims to capitalize on the Vietnamese bank's network, which includes over 300 branches and 1,000 unattended locations throughout Vietnam. The agreement was signed Friday at S-Tec's headquarters in Seoul, with S-Tec System CEO Lee Byung-hwa and Chairman Luu Trung Thai of the Military Bank in attend
Seoul shares end up on tech gains ahead of Nvidia results
Markets
Nov 21, 2023
Seoul shares closed higher Tuesday on tech gains, with investors awaiting earnings results from AI chip leader Nvidia and other US tech firms this week. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index was up 19.22 points, or 0.8 percent, to close at 2,510.42. Trade volume was moderate at 340.42 million shares worth 7.6 trillion won ($5.9 billion), with gainers outnumbering losers 598 to 271. Overnight, the Dow Jones Industrial Average increased 0.6 perc
S. Korea's exports of kimchi up 10% through Oct.
Economy
Nov 21, 2023
South Korea's exports of kimchi advanced 10 percent on-year through October this year, data showed Tuesday, with the amount widely anticipated to hit a record level for all of 2023. Outbound shipments of kimchi came to $130 million over the January-October period, rising from $118.6 million tallied a year earlier, according to the data compiled by the Korea Customs Service. Kimchi is a traditional Korean side dish typically made from fermented cabbage, salt and hot peppers, and is consumed
Exports gain 2.2% from Nov. 1-20 on upbeat chip, auto sales
Economy
Nov 21, 2023
South Korea's exports rose 2.2 percent on-year in the first 20 days of this month on growing demand for semiconductors and vehicles, data showed Tuesday. Outbound shipments reached $33.79 billion in the Nov. 1-20 period, compared with $33.07 billion tallied a year earlier, according to the data from the Korea Customs Service. Per-day exports also went up 2.2 percent on-year to $2.18 billion during the cited period, it added. Exports grew for the first time in 13 months in October. They adva
S. Korea maintaining stable LNG supply amid Israel-Hamas conflict
Economy
Nov 21, 2023
South Korea maintains a steady supply of liquefied natural gas and is actively preparing for potential contingencies amid Middle East geopolitical uncertainties, the industry ministry said Tuesday. "There have been concerns over the supply of gas following the Israel-Hamas incident amid the lingering war between Russia and Ukraine, but the supply currently remains stable," Director-General for Resource Policy Ryu Peob-min said during a meeting with industry officials. "However, in
Seoul shares open higher ahead of Nvidia results
Markets
Nov 21, 2023
Seoul shares opened higher Tuesday, tracking overnight gains on Wall Street, as investors await earnings results from AI chip leader Nvidia and other US tech firms. The benchmark Korea Composite Stock Price Index rose 19.92 points, or 0.8 percent, to 2,511.12 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.6 percent to 35,151.04, and the tech-rich NASDAQ added 1.1 percent to 14,284.53. Nvidia is set to release quarterly results on Tuesday on the back of str
[Herald Interview] ‘Battery expansion to prompt strong cobalt, lithium trading’
Markets
Nov 21, 2023
CME Group executive says market focus has been shifting from gold to battery metals in Korea
Seoul shares end higher amid US rate hike woes
Markets
Nov 20, 2023
Seoul shares closed higher Monday despite investor concerns over possible US rate hikes to tame high inflation. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 0.86 percent, or 21.35 points, to close at 2,491.20. Trade volume was moderate at 319.84 million shares worth 6.5 trillion won ($5.03 billion), with gainers outnumbering losers 648 to 229. The Kospi opened nearly flat amid concerns of an additional US rate hike. The US Federal Reserve has be
Korea draws W1.5tr in investments from US tech firms
Economy
Nov 20, 2023
South Korea has secured investment commitments from four major US companies, including General Motors, totaling 1.5 trillion won ($1.16 billion), following President Yoon Suk Yeol's visit to the US for the Asia-Pacific Economic Cooperation summit last week. These investments, spanning the automotive and semiconductor sectors, are expected to significantly boost South Korea's exports and reduce imports, contributing to an estimated annual economic impact of over 4.5 trillion won. The Ministry of
Seoul shares open nearly flat amid rate hike woes
Markets
Nov 20, 2023
Seoul shares opened almost flat Monday amid investor concerns over a continued US rate hike due to high inflation. The benchmark Korea Composite Stock Price Index rose 6.92 points, or 0.3 percent, to 2,476.77 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average inched up 0.01 percent to 34,947.28, and the tech-heavy NASDAQ gained 0.08 percent to 14,125.48. The US Federal Reserve has been expected to end its hiking cycle, but San Francisco Federal Reserve President Mary
Fadu’s controversial IPO raises tech listing concern
Markets
Nov 19, 2023
The controversy surrounding fabless startup Fadu’s initial public offering has led the Korea Exchange, the country’s sole bourse operator, to implement tighter regulations on its listing track for tech firms. Fadu, established in 2015, went public on the tech-heavy Kosdaq in early August through the KRX’ special technology-growth track, which provides relaxed IPO rules for tech firms. The company’s corporate value at the time of the listing was believed to be around 1.5 t
Trump vows to kill Asia trade deal being pursued by Biden if elected
World News
Nov 19, 2023
Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by US President Joe Biden if he were to win the 2024 election and return to the White House. Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out US manufacturing and trigger job losses. Talks on the trade sections of
S. Korean shares snap 3-day winning streak amid eased US rate hike woes
Markets
Nov 17, 2023
South Korean shares closed lower Friday to end their three-day winning streak amid speculation that the Federal Reserve may end its aggressive rate hike campaign on eased inflation woes. The local currency closed unchanged against the US dollar. The benchmark Korea Composite Stock Price Index fell 18.33 points, or 0.74 percent, to close at 2,469.85. Trade volume was slim at 382.7 million shares worth 7.9 trillion won ($6.13 billion), with losers outnumbering gainers 614 to 269. Foreigners sold a
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