Month: April 2026

Washington: The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the third consecutive time in what might be its last rate decision under Chair Jerome Powell, as concerns have risen over the impact of the U.S.-Israeli war …

Seoul: South Korea’s state-run resource developer announced the sale of its stake in a Mexican mine for a nominal $2 as it seeks to stem continued financial losses. The Korea Mine Rehabilitation and Mineral Resources Corp. (KOMIR) revealed in a regula…

Uiwang: A fire broke out at an apartment in Uiwang, just south of Seoul, on Thursday, resulting in the death of one person and injuries to two others, officials reported. The incident occurred on the 14th floor of a 20-story building at approximately …

Seoul: HMM Co., South Korea’s largest shipping firm, announced on Thursday that its management and labor union have reached an agreement to move the company’s headquarters from Seoul to Busan, a southeastern port city. The decision is set to be formal…

Samarkand: Ryoo Sang-dai, senior deputy governor of the Bank of Korea (BOK), will attend the annual meeting of the Asian Development Bank (ADB) and gatherings of ASEAN finance ministers and central bank governors in Samarkand, Uzbekistan, next week, t…

Seoul: LG Energy Solution Ltd. announced on Thursday that it experienced a net loss in the first quarter compared to the previous year, primarily due to declining global demand for electric vehicle (EV) batteries impacting its earnings. For the initia…

Seoul: Seoul stocks traded higher late Thursday morning at above the landmark 6,700-point mark as investors’ risk appetite was boosted thanks to strong earnings from Samsung and U.S. big tech giants, which fueled hopes for a continued artificial intel…