Dozens of amphibious vehicles carrying South Korean and U.S. Marines charged ashore Monday to secure target areas as part of combined drills designed to enhance their amphibious landing capabilities. The drills took place across two coastal areas in Pohang, 273 kilometers southeast of Seoul, as the key phase of the allies’ annual Ssang Yong (double … Read more
Hyundai Motor Co., South Korea’s leading carmaker, said Monday its August sales slipped 5.3 percent from last year as exports declined. Hyundai Motor sold 332,963 vehicles in last month, down from 333,264 units a year earlier, the company said in a statement. Domestic sales gained 4.6 percent to 68,087 units from 55,555 units during the … Read more
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