Seoul shares open lower after Fed minutes

Seoul shares opened lower Thursday, following an overnight slump in U.S. stocks, after the latest Fed minutes indicated interest rates will remain at high levels for some time.

The benchmark Korea Composite Stock Price Index fell 10.97 points, or 0….

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Shipping firms asked to consider detouring Red Sea

South Korea’s industry ministry on Thursday asked shipping firms to consider delivering freights through alternative routes amid lingering tensions in the Red Sea.

The remark came after Iran-backed Houthi militants in Yemen have been attacking comme…

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