Category: Trading
(LEAD) Exports down 7.9 pct during first 10 days of Sept.
South Korea’s exports fell 7.9 percent on-year in the first 10 days of September due to weak shipments of chips and petroleum products, data showed Monday.
The country’s outbound shipments reached US$14.9 billion in the Sept. 1-10 period, compared w…
(LEAD) Seoul shares snap 4-day losing streak ahead of key economic data
South Korean stocks finished slightly higher Monday ahead of key economic data to be released later this week, ending a four-day losing streak. The local currency gained ground against the U.S. dollar.
The benchmark Korea Composite Stock Price Index…
Seoul shares up in late Mon. morning trade
South Korean stocks traded 0.14 percent higher late Monday morning, led by gains in tech and bio shares.
The benchmark Korea Composite Stock Price Index had added 3.64 points to 2,551.32 as of 11:20 a.m.
The world’s top memory chipmaker Samsung El…
KT inks deal with Singaporean firm to develop digital logistics model
KT Corp., a major telecom operator in South Korea, said Monday it has reached a deal with a Singaporean postal service firm to join hands in developing a new business model for digital logistics.
Under the memorandum of understanding, KT and Singapo…
Cambodia’s Milled Rice Export Reaches Over 400,000 Tonnes in First Eight Months
Cambodia exported a total of 401,699 tonnes of milled rice in the first eight months of this year, generating over US$278 million in revenue, a Cambodia Rice Federation’s report said on Friday.
The January-August export accounted for 58 percent of t…
SKC to buy stake in U.S. chip packaging startup Chipletz
SKC Co., a South Korean manufacturer of secondary battery parts and advanced materials, said Monday it is acquiring a stake in a U.S. semiconductor packaging startup as it accelerates the drive for chip post-processing.
The investment in Chipletz, a…
Seoul shares open lower on tech, auto losses
South Korean stocks started a tad lower Monday as big-cap tech and auto stocks traded in negative territory.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 7.06 points, or 0.28 percent, to 2,540.62 in the first 15 minutes of trading.
…
Hyundai E&C inks partnership deal with energy IT startup
Hyundai Engineering & Construction Co. (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business.
Hyundai E&C, South Korea’s No. 2 build…
S. Korea, Uzbekistan seek stronger ties on supply chains, overall economy
South Korea’s Prime Minister Han Duck-soo met with Uzbekistan’s foreign minister Sunday and discussed ways to boost bilateral cooperation on energy, key minerals, defense, and a wider range of economic and industry fields, Han’s office said.
During…
Yoon meets with S. Korean business executives in India
President Yoon Suk Yeol pledged Sunday to provide active assistance to South Korean businesses operating in India, the presidential office said.
Yoon made the pledge during a lunch meeting with a dozen executives from the local divisions or affilia…