KG Mobility Corp., formerly known as SsangYong Motor Co., said Monday its August sales dropped 25 percent from a year earlier due to fewer working days over the summer vacation period and weak overseas demand. KG Mobility sold 8,128 vehicles last month, compared with 10,823 units sold a year earlier, the company said in a … Read more
Renault Korea Motors Co., the South Korean unit of Renault S.A., said Monday its August sales inched up 0.4 percent from a year earlier thanks to overseas shipments. Renault Korea sold 8,451 vehicles last month, up from 8,414 units a year earlier, the company said in a statement. Exports rose 2.7 percent to 7,101 units … 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
The 22nd National Assembly formally kicked off with an opening ceremony Monday, more than three months after it came into operation, with President Yoon Suk Yeol skipping the ceremony amid tensions with the opposition. Yoon’s decision to sit out the ceremony to open the new Assembly and its first regular session came amid the opposition … Read more
South Korea will host an international conference on exploring the responsible use of artificial intelligence (AI) in the military domain next week, the foreign ministry said Monday. The second Responsible AI in the Military Domain (REAIM) conference is scheduled to be held Monday and Tuesday, also to be co-hosted by the Netherlands and Singapore, the … Read more
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