SEOUL– Seoul shares spiked by nearly 2 percent Tuesday on the back of a sharp rise in tech and chemical stocks ahead of the U.S. Federal Reserve’s policy meeting this week. The local currency rose against the U.S. dollar. The Korea Composite Stock Price Index (KOSPI) surged 41.61 points, or 1.81 percent, to 2,335.22. … Read more
SEOUL– Hanatour Service Inc. on Tuesday reported a third-quarter net loss of 22.2 billion won (US$15.6 million), shifting from a profit of 49.4 billion won a year earlier. The company said in a regulatory filing that it continued to post an operating loss of 21.8 billion won for the July-September period, compared with a … Read more
SEOUL– North Korea warned Tuesday that it could stage “more powerful follow-up measures” if the United States continues “military provocations,” citing its large-scale combined air exercise with South Korea. A spokesman at the North’s foreign ministry denounced the ongoing combined air drills by the allies, called Vigilant Storm, as “ceaseless and reckless” military provocations. … Read more
SEOUL– Prime Minister Han Duck-soo on Tuesday voiced the need to improve the government’s measures for crowd management after the deadly Halloween crush that killed at least 156 people. “Voluntary events without organizers are clearly seen as something that needs to be improved in institutional measures,” Han told foreign journalists as he briefed them … Read more
INCHEON– Kiwoom Heroes second baseman Kim Hye-seong is playing in the South Korean baseball postseason for the fifth straight year. And the 23-year-old has been improving at the plate with each passing series. He is now hoping he will peak in time for the Korean Series, the championship round in the Korea Baseball Organization … Read more
SEOUL– Seoul Mayor Oh Se-hoon apologized Tuesday over the Halloween crowd crush that killed at least 156 people. “As the mayor of Seoul who is responsible for the lives and safety of citizens, I feel infinite responsibility for the accident and express my deepest apologies,” Oh said in a tearful voice during a news … Read more
INCHEON– The Kiwoom Heroes staged an exhilarating extra-inning comeback to defeat the SSG Landers 7-6 to open the Korean Series on Tuesday, emerging victorious from a strange affair that featured five lead changes, multiple errors and a pair of ninth-inning home runs. Jeon Byeong-woo played the hero off the bench, first delivering a go-ahead … Read more
Jeito Capital becomes a significant investor in HI-Bio, a clinical-stage biotech company developing targeted therapies for patients with severe immune-mediated diseases Jeito Capital participates in $120 […]