President Yoon Suk Yeol pledged to thoroughly inspect and respond to changes in financial and foreign exchange markets to prevent a crisis situation and an increased burden on people’s livelihoods.Presiding over a macrofinancial meeting with officials …
The benchmark Korea Composite Stock Price Index(KOSPI) rose 12-point-11 points, or zero-point-50 percent, on Wednesday, closing the day at two-thousand-447-point-45.The tech-heavy KOSDAQ also rose, gaining nine-point-72 points, or one-point-24 percent,…
Business sentiment saw a slight improvement for August for the first time in four months in the aftermath of suspended social distancing and a recovery in consumer sentiment.According to the Bank of Korea(BOK) on Wednesday, August’s business sentiment …
SEOUL– South Korean stocks finished higher Wednesday, after five consecutive sessions of losses, as investors bought oversold issues. The Korean won also gained ground against the U.S. dollar for the first time in seven sessions.The Korea Composite St…
SEOUL– Samsung Display Co. will put more resources into developing and producing organic light-emitting diode (OLED) panels for notebooks and PCs, its chief executive said Wednesday.”Since the COVID-19 pandemic, a wide variety of information technolog…
Lee Jae-myung, the leading candidate in the main opposition Democratic Party’s leadership race, has apologized to the public over the controversy surrounding his wife’s alleged use of a government credit card while he served as Gyeonggi Province govern…
SEOUL– Hyundai Rotem Co., a South Korean railway system and plant equipment maker, has won a US$660 million deal from Egypt to supply railway trains for Cairo’s metro lines, industry sources said Wednesday.Under the deal with the Egyptian government, …
Nongshim, the country’s leading instant noodle maker, announced plans to raise the prices in mid-September of its main snacks and ramen, which will likely weigh on household expenses as some are considered key staple food items especially when consumer…