Seoul stocks spike over 1 pct on tech gains
SEOUL– South Korean stocks rallied by more than 1 percent Wednesday, mostly led by strong tech gains. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock…
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GS Retail Q2 net income down 24.5 pct. to 25.4 bln won
SEOUL– GS Retail Co. on Wednesday reported its second-quarter net profit of 25.4 billion won (US$22.2 million), down 24.5 percent from a year earlier. The company said in a regulatory…
Police grill labor leader over massive July 3 rally
SEOUL– The leader of a major umbrella labor group was questioned by police Wednesday on charges of holding a massive rally in downtown Seoul last month in violation of COVID-19…
BOK tipped to raise policy rate to 1.25 pct by end-2022: S&P
SEOUL– Standard & Poor’s Global Ratings (S&P) said Wednesday the Bank of Korea (BOK) is expected to raise the key interest rate to 1.25 percent by the end of next…
S. Korea urges foreigners to quickly get free COVID-19 vaccines
SEOUL– South Korea’s government on Wednesday urged all foreigners staying long-term here to get COVID-19 vaccine shots as soon as possible, saying they are treated the same as South Korean…
Police close lobbying inquiry surrounding Busan luxury apartments after months of fruitless investigation
BUSAN– Police wrapped up an investigation Wednesday into allegations that the developer of a luxury apartment complex in Busan illegally lobbied politicians and high-level government officials in return for business…