Seoul stocks up for 2nd day on tech gains after choppy trading

SEOUL, Aug. 3 (Yonhap) — South Korean stocks rose for a second straight session Tuesday after choppy trading, backed by strong advances by large tech companies. The Korean won increased against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 14.1 points, […]

Krafton’s IPO subscription draws tepid response from retail investors

SEOUL, Aug. 3 (Yonhap) — Video game developer Krafton Inc.’s initial public offering (IPO) is drawing lukewarm responses from retail investors, with their deposits for IPO subscriptions just at 3.1 trillion won (US$2.7 billion) as of 11 a.m., its IPO managers said Tuesday. On the […]

Incheon airport’s cumulative cargo handling tops 50 mln tons

SEOUL, Aug. 3 (Yonhap) — Incheon International Airport, the main gateway to South Korea, has handled more than 50 million tons of cargo since its opening 20 years ago, its operator said Tuesday. The cumulative amount of cargo handled at the airport, west of Seoul, […]

Inflation growth hits over 2 pct for 4th straight month in July

SEOUL, Aug. 3 (Yonhap) — South Korea’s consumer prices grew more than 2 percent for the fourth straight month in July on higher prices of farm and oil products, data showed Tuesday, raising expectations that the central bank will hike its key rate within this […]

Seoul stocks open higher on tech gains

SEOUL, Aug. 3 (Yonhap) — South Korean stocks opened higher Tuesday, led by gains in major tech firms. The benchmark Korea Composite Stock Price Index (KOSPI) added 5.53 points, or 0.17 percent, to trade at 3,228.57 in the first 25 minutes of trading. Stocks got […]

Auto sales slightly down in July amid chip shortage

SEOUL, Aug. 2 (Yonhap) — South Korean carmakers’ sales fell slightly last month from a year earlier as a global chip shortage and the extended COVID-19 pandemic affected their vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., […]

Seoul stocks rebound on solid export data

SEOUL, Aug. 2 (Yonhap) — South Korean stocks rebounded Monday, helped by strong economic data that fueled optimism for a quick economic rebound from the pandemic. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 20.72 points, […]

Hyundai beats Toyota to top FCEV market in H1

SEOUL, Aug. 2 (Yonhap) — Korean automaker Hyundai Motor Co. beat its Japanese rival Toyota to become the world’s largest fuel cell electric vehicle (FCEV) maker in the first half of the year with the release of a facelifted model, industry data showed Monday. Hyundai […]

Kia launches 1st dedicated EV platform model EV6

SEOUL, Aug. 2 (Yonhap) — Kia Corp., South Korea’s second-biggest carmaker, on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year. The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electric-global modular […]

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