SEOUL– South Korean stocks closed higher for a third consecutive day Tuesday as foreigners scooped up local equities amid eased concerns over a global recession and China’s economic slowdown, analysts said. The local currency inched up against the U.S…
SEOUL– Air Busan Co.on Tuesday announced that it will sell stocks to raise 200.1 billion won(US$161.7 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will issue 43….
The nation witnessed a fall in industrial output and consumption as well as investment in April, the first triple fall in over two years.Statistics Korea said on Tuesday that the index of the nation’s overall industrial production came to 116-point-fou…
The average interest on bank loans extended to households topped four percent last month to reach the highest rate in more than eight years.According to the Bank of Korea on Tuesday, the interest rate on household loans went up by zero-point-07 percent…
The benchmark Korea Composite Stock Price Index(KOSPI) rose 16-point-24 points, or zero-point-61 percent, on Tuesday, closing the day at two-thousand-685-point-90.The tech-heavy KOSDAQ also rose, gaining six-point-92 points, or zero-point-78 percent, t…
Over one million small businesses have received a total of eight trillion won in COVID-19 compensation just on the first day of payouts.According to the Ministry of SMEs and Startups on Tuesday, one-point-three million companies registered for the reli…
SEOUL– For South Korean defender Cho Yu-min, it had long been a dream to make the men’s senior national football team.That dream came true last week, when he was called up for South Korea’s four friendly matches scheduled for June. And Cho, 25, has on…
This week’s friendly football match against Brazil is set to be the South Korean men’s team’s most challenging contest, as reigning Premier League Golden Boot winner Son Heung-min goes head to head against Paris Saint-Germain superstar Neymar.Local foo…