Seoul stocks retreat amid U.S. rate hike concerns

SEOUL– South Korean stocks retreated Monday, weighed by concerns over the possibility of the U.S. Federal Reserve’s faster-than-expected tapering and rate hikes. The Korean won rose against the U.S. dollar.…

Court OKs Edison’s acquisition of SsangYong

SEOUL– A Seoul court on Monday approved a local consortium’s acquisition of SsangYong Motor Co., paving the way for the financially troubled carmaker to get back on track. On the…