SEOUL– Seoul stocks ended lower for a third consecutive session Monday on concerns over the Fed’s aggressive rate hikes and a global economic recession. The Korean won tumbled to an over 13-year low against the U.S. dollar.After choppy trading, the Ko…
The Ministry of Trade, Industry and Energy said on Monday that trade minister Ahn Duk-geun will depart for a three-day visit to the U.S. later in the day to discuss the Inflation Reduction Act, which excludes electric vehicles(EV) assembled outside of …
South Korea’s foreign reserves decreased by over two billion dollars in August due to the appreciation of the U.S. dollar.According to the Bank of Korea on Monday, the nation’s foreign currency reserves totaled 436-point-43 billion U.S. dollars as of t…
The benchmark Korea Composite Stock Price Index(KOSPI) fell five-point-73 points, or zero-point-24 percent, on Monday, to close the day at two-thousand-403-point-68.The tech-heavy KOSDAQ also fell, losing 14-point-45 points, or one-point-84 percent, to…
The Korean won continued its slide against the U.S. dollar on Monday as it hit the one-thousand-370-won mark for the first time in more than 13 years.The exchange rate reached one-thousand-370 won against the greenback at 11:13 a.m., hitting the weakes…
South Korea’s globally popular K-pop group, Blackpink, has become the first artist in the world to surpass 80 million subscribers on their official YouTube channel.The quartet’s management company, YG Entertainment, announced the achievement on Monday,…
SEOUL– National Assembly Speaker Kim Jin-pyo met with a U.S. congressional delegation Monday and raised South Korea’s concerns about the Inflation Reduction Act (IRA), his office said.In a meeting with the U.S. delegation, led by Rep. Stephanie Murphy…
SEOUL– South Korea and Japan will hold bilateral vice-ministerial defense talks in Seoul later this week for the first time in six years, the defense ministry here said Monday, as they seek to strengthen security cooperation against North Korea’s evol…