Seoul shares extended losses late Wednesday morning as investors await the Federal Reserve’s latest minutes for clues on the U.S. central bank’s future rate plans.
The benchmark Korea Composite Stock Price Index had fallen 47.04 points, or 1.76 perc…
Kia Corp., South Korea’s second-largest automaker by sales, said Wednesday its 2023 sales reached a record high of some 3.08 million units thanks to increased overseas demand for its SUV models.
Kia, the smaller auto affiliate of Hyundai Motor Co., …
Police said Wednesday they plan to seek an arrest warrant for the suspect in the stabbing attack against opposition leader Lee Jae-myung during his visit to the southeastern port city of Busan.
The suspect, identified only by his surname Kim, 66, is…
South Korean stocks dropped by more than 2 percent Wednesday as investors sought to cash in recent gains ahead of the release of the Federal Reserve’s latest minutes. The Korean won fell against the U.S. dollar.
The benchmark Korea Composite Stock P…
YouTube is poised to become the most used mobile platform in South Korea, closely trailing the current leader KakaoTalk, industry data showed Wednesday.
As of December, KakaoTalk, the country’s top mobile messenger run by Kakao Corp., had a total of…
Bank of Korea (BOK) Governor Rhee Chang-yong has been awarded Asia-Pacific Central Bank of the Year 2024 by global financial magazine the Banker for his efforts to stimulate growth and stabilize the South Korean economy.
In a world struggling with s…
South Korea’s agricultural ministry said Wednesday the country will extend the value-added tax exemption on coffee and cacao beans through 2025 to alleviate consumers’ burden amid inflation.
The country has been exempting a 10-percent value-added ta…
SK hynix Inc., the world’s second-largest maker of memory chips, said Wednesday it will showcase its ultra-high-performance memory technology, the key to future artificial intelligence (AI) infrastructure, at the upcoming CES 2024.
Under the banner …
The head of Hyundai Motor Group, South Korea’s top carmaker, said Wednesday it will step up innovations in vehicle electrification and robotics this year, as the auto conglomerate seeks to promote sales of electric vehicles (EVs).
Euisun Chung, Hyun…
The antitrust regulator said Wednesday it has decided to fine Nexon Korea Corp. 11.6 billion won (US$8.85 million) for alleged deceptive business activity against game users regarding in-game items.
The game giant was accused of changing the probabi…