Kia Corp., South Korea’s second-largest automaker, said Monday its August sales fell 1.7 percent from a year earlier amid weakened demand both at home and overseas. Kia, the smaller affiliate of Hyundai Motor Co., sold 251,638 vehicles in August, down from 256,038 units a year ago, the company said in a statement. The company said … Read more
South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 6.69 points, or 0.25 percent, to close at 2,681.00. Trade volume was moderate at 262.5 million shares worth 8.5 trillion won (US$6.35 billion), with … Read more
Today (%) Previous Session(%) Change (BP) 1-year TB 3.063 3.060 +0.3 2-year TB 3.091 3.067 +2.4 3-year TB 2.989 2.953 +3.6 10-year TB 3.121 3.088 +3.3 2-year MSB 3.051 3.022 +2.9 3-year CB (AA-) 3.542 3.503 +3.9 91-day CD 3.520 3.520 0.0 Source: Yonhap News Agency
GM Korea Co., the South Korean unit of General Motors Co., said Monday its August sales plummeted over 50 percent from a year earlier due to production delays caused by a partial strike over wages. GM Korea sold 15,634 vehicles last month, down 50.7 percent from 31,716 units a year ago, the company said in … Read more
South Korea opened their training camp Monday ahead of two World Cup qualifying matches coming up this month, as head coach Hong Myung-bo began his second tour of duty with the men’s national team. South Korea will host Palestine at 8 p.m. Thursday at Seoul World Cup Stadium to begin Group B play in the … Read more
The presidential office lambasted the main opposition Democratic Party (DP) on Monday for spreading false rumors about the government allegedly planning to declare martial law. Presidential spokesperson Jeong Hye-jeon condemned DP leader Lee Jae-myung for raising the allegations during a live broadcast meeting with ruling People Power Party leader Han Dong-hoon on Sunday. “We are … Read more