SEOUL– South Korea’s daily coronavirus cases stayed below 4,000 for the fourth straight day Monday amid tightened distancing rules to curb the spread of COVID-19.The country added 3,007 new COVID-19 infections, including 2,768 local infections, raisin…
SEOUL– A Seoul court on Monday approved a local consortium’s acquisition of SsangYong Motor Co., paving the way for the financially troubled carmaker to get back on track.On the same day, the consortium led by electric carmaker Edison Motors Co. signe…
President of the Republic of Azerbaijan Ilham Aliyev has received the credentials of the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Lee Eun Yong.Ambassador Lee Eun Yong presented his credentials to President I…
The European Bank for Reconstruction and Development (EBRD) will support the construction of an ultra-thin copper foil factory for electric vehicle (EV) batteries in Tatabanya, northwestern Hungary, by Solus Advanced Materials of South Korea, Trend rep…
SEOUL– South Korean stocks extended losses late Monday morning weighed down by concerns over the possibility of the U.S. Federal Reserve’s faster-than-expected tapering and rate hikes.The benchmark Korea Composite Stock Price Index (KOSPI) fell 34.43 …
SEOUL– Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has received 1.33 trillion won (US$1.1 billion) worth of ship orders.Korea Shipbuilding obtained three separate orders from shippers in Europe and Latin America to …
SEOUL– South Korea’s central bank is widely expected to raise its key interest rate at a rate-setting meeting later this week to tame growing inflationary pressure, reflecting the U.S.’ Federal Reserve’s faster-than-expected move to tighten its moneta…
SEOUL– South Korea will begin its annual meeting with the International Monetary Fund (IMF) this week on the country’s overall economic situation as well as the response to the COVID-19 pandemic, the finance ministry said Monday.An IMF team, led by Ma…