Seoul stocks down for 4th day on tech losses
SEOUL– Seoul stocks extended their losses to a fourth day on Tuesday on a slump in tech stocks as investors still remained wary of rate hikes in major economies and…
January 3, 2023
Main opposition proposes extending parliamentary probe into Itaewon tragedy by at least 10 days
SEOUL– The floor leader of the main opposition Democratic Party (DP) called Tuesday for extending the parliamentary investigation into the deadly Itaewon crowd crush by at least 10 days as…
KSOE decides not to seek affiliate IPO
SEOUL– Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday that it has decided not to push for an initial public offering of Hyundai Samho Heavy Industries Co., one of…
S. Korea to ease property regulations amid falling home prices
SEOUL– South Korea will lift property-related regulations in most of Seoul and metropolitan areas as the country’s housing market is at the risk of a deep freeze due to strict…
Kia’s Dec. sales rise 14 pct despite chip shortage
SEOUL– Kia Corp., South Korea’s second-largest automaker, said Tuesday its sales rose 14 percent last month from a year earlier despite an extended chip shortage. Kia sold a total of…
Overpass partially collapses in Seoul 6 1/2 yrs after construction
SEOUL– A pedestrian overpass built just six and a half years ago over a stream in southwestern Seoul caved in early Tuesday morning. The middle part of the overpass connecting…