Lee congratulates Yoon on presidential nomination

SEOUL– Lee Jae-myung, the presidential candidate of the ruling Democratic Party (DP), on Friday congratulated former Prosecutor General Yoon Seok-youl on winning the presidential nomination of the main opposition People…

Seoul stocks retreat on institutional sell-offs

SEOUL– South Korean stocks retreated on Friday, led by institutional sell-offs. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 13.95 points,…