Seoul shares erased earlier losses late Thursday morning on gains in automobile stocks after opening lower on a mixed close on Wall Street.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.49 percent, or 12.17 points, to 2,457.52
The industry ministry said Thursday that it will expand logistics support for exporters in an effort to minimize the impact of the escalating tensions in the Red Sea on the industry and the economy.
Tensions have risen further along
Seoul shares ended slightly higher on Thursday, helped by gains in auto stocks as their 2023 earnings fared well on the back of robust demand. The Korean won rose against the U.S. dollar.
The benchmark Korea Composite Stock Price
The nominee for the U.S. Air Force under secretary has singled out North Korea and Iran as countries perceived as posing space-based risks to the United States, her written statement for the Senate confirmation hearing showed Wednesday.
Melissa Dalt…
People Power Party lawmaker Rep. Bae Hyun-jin sustained a head injury after being attacked by an unidentified assailant Thursday, her office said.
The incident happened around 5 p.m. in the southern Seoul district of Gangnam. According to Bae’s aide…
Hyundai Glovis Co. on Thursday reported its 2023 net profit of 1.07 trillion won (US$800.6 million), down 10.3 percent from a year earlier.
The company said in a regulatory filing that it posted 1.55 trillion won in operating profit
Hyundai Motor Co on Thursday reported its fourth-quarter net income of 2.2 trillion won (US$1.6 billion), up 28.8 percent from a year earlier.
The company said in a regulatory filing that it posted 3.4 trillion won in operating profit
South Korea plans to sell 14 trillion won (US$10.48 billion) in state bonds next month, the finance ministry said Thursday.
The country will issue 1.6 trillion won in Treasurys with a maturity of two years and 2.6 billion won
South Korea maintains close communications with Japan over bilateral issues, the foreign ministry said Thursday, after Tokyo voiced regret over the South Korean top court’s ruling in favor of Korean victims of Japan’s wartime forced labor.
Earlier i…
SK hynix Inc. on Thursday reported its 2023 net loss of 9.13 trillion won (US$6.8 billion), turning from a profit of 2.24 trillion won a year earlier.
The company said in a regulatory filing that it posted an operating