Category: Business

SEOUL– A weak dollar could serve as a boon for South Korea’s trade going forward as it provides better financing conditions for businesses, an economist at the Bank for Intentional Settlements (BIS) said Wednesday.Shin Hyun-song, an economic adviser a…

SEOUL– South Korea will launch a multipurpose satellite in the fourth quarter of this year using a European space rocket, the science ministry said Wednesday.The Korea Multipurpose Satellite 6, known as the Arirang 6, was originally planned to be laun…

SEOUL– Seoul shares finished higher Wednesday, with investors paying close attention to the U.S. Federal Reserve’s upcoming rate decision. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 24.72 …

SEOUL– GM Korea Co., the South Korean unit of General Motors Co., said Wednesday its sales rose 26 percent last month from a year earlier on strong exports.GM Korea sold a total of 16,251 vehicles in January, up from 12,911 units a year ago despite an…

SEOUL– Hyundai Motor Co., South Korea’s biggest carmaker, said Wednesday its sales rose 8.4 percent last month from a year earlier despite an extended chip shortage.Hyundai sold a total of 306,296 vehicles in January, up from 282,656 units a year earl…

SEOUL– Renault Korea Motors, the South Korean unit of Renault S.A., said Wednesday its sales fell 25 percent last month from a year earlier on weak domestic demand for its models.Renault Korea sold a total of 10,045 vehicles in January, down from 13,3…