SEOUL– South Korean stocks swung to losses late Tuesday morning, led by foreign investors’ selling of local stocks. The benchmark Korea Composite Stock Price Index (KOSPI) had edged down 3.78 points, or 0.13 percent, to 2,956.42 points as of 11:20 a.m. Losses on the chemical, transport and auto stocks led the key stock … Read more
SEOUL– South Korean shipbuilders regained the No. 1 ranking from their Chinese rivals in global new orders in October, bagging more than half of the global orders, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 1.12 million compensated gross tons (CGTs) in new orders last month, taking … Read more
SEOUL– A total of 14 African nationals have been apprehended for allegedly defrauding more than a million dollars from South Koreans after building relationships with them online while posing as diplomats, doctors and soldiers, police said Tuesday. The suspects, most of them from Liberia and other African countries, allegedly used such fake identities to … Read more
SEOUL– South Korean manufacturers’ domestic supply rose at a slower pace in the third quarter from three months earlier mainly because a shortage of auto chips dented vehicle production, data showed Tuesday. The manufacturing domestic supply index stood at 105.3 in the July-September period, up 2 percent from a year earlier, according to the … Read more
SEOUL– South Korea’s tax agency said Tuesday it has launched probes into suspected tax evasion by 30 people who pocketed corporate profits for personal gains or handed down wealth to their children by illegal means. The National Tax Service (NTS) said it has cracked down on corporate chiefs and their family members who allegedly … Read more
SEOUL– Doosan Bears’ left-hander Ariel Miranda has been named South Korean baseball’s top player for October, the month in which he also set an all-time strikeout record for a season. The Korea Baseball Organization (KBO) announced Tuesday that the Cuban ace beat five other candidates for the Player of the Month honor for the … Read more
SEOUL– The ruling Democratic Party (DP) said Tuesday it will try to provide COVID-19 relief handouts to all people in January after earmarking the money in the next year’s national budget despite opposition from the government and its rival party. The DP plans to use this year’s excess tax revenue to fund its universal … Read more
SEOUL– The justice ministry announced Tuesday it has come up with a law revision to allow capable singles to become eligible for full adoptions. The ministry said it plans to submit the bill to revise the current civil law to allow singles 25 and older capable of supporting the well-being of an adoptee to … Read more