Seoul shares down late Wed. morning on tech losses

South Korean stocks traded lower late Wednesday morning as Samsung Electronics and other major chipmakers lost ground tracking AI chip giant Nvidia’s slump overnight.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 5.86 points, or 0….

Read More »

Finance minister meets new Japanese ambassador

Finance Minister Choi Sang-mok met Japan’s new ambassador to South Korea, Koichi Mizushima, on Wednesday, and they discussed ways to bolster bilateral economic ties, officials said.

During the meeting, Choi told Mizushima that South Korea and Japan …

Read More »

Imports of Japanese beverages jump on weak yen

South Korea’s imports of beer and other alcoholic beverages from Japan jumped in the January-July period from a year earlier, helped by a weakening yen, the customs office said Wednesday.

Beer imports from Japan soared 66 percent to US$37.8 million …

Read More »