Seoul shares ended lower Thursday amid investor concerns that the U.S. Federal Reserve may raise interest rates further this year following stronger-than-expected economic data. The Korean won fell against the U.S. dollar.
The benchmark Korea Compos…
Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it has resumed operations at one of its eight domestic plants affected by a fire in its paint shop.
Kia’s No. 3 plant in Hwaseong, just south of Seoul, had been suspended since…
South Korea’s top central banker will attend meetings of the Bank for International Settlements (BIS) to be held in Switzerland early next week, his office said Thursday.
Rhee Chang-yong, head of the Bank of Korea (BOK), will leave for Basel on Satu…
South Korea’s financial regulator on Thursday asked foreign securities firms to beef up efforts to prevent illegal stock short selling amid an increase in such cases.
The Financial Supervisory Service (FSS) made the request in a meeting with complia…
Seoul shares extended losses late Thursday morning as investors remain cautious on whether the U.S. Federal Reserve will raise rates further this year following better-than-expected economic data.
The benchmark Korea Composite Stock Price Index (KOS…