Seoul Stock Market Gains on Institutional and Foreign InvestmentSeoul Fashion Week to Showcase Korean Designers with NewJeans as Ambassadors

SEOUL — The Seoul stock market saw significant gains late Monday morning, driven by substantial buying from institutional and foreign investors, particularly in technology, biotechnology, and other blue-chip sectors. The Korea Composite Stock Price Index (KOSPI) recorded a 1.19 percent increase, rising by 29.44 points to reach 2,508.00 by 11:20 a.m.

According to Yonhap News Agency, key players such as Samsung Electronics and LG Electronics experienced upward movement, with shares increasing by 1.5 percent and 1.39 percent, respectively. The biotechnology sector also saw notable gains, with Samsung Biologics and Celltrion’s stocks jumping by 4.66 percent and 2.09 percent. Additionally, the automobile and energy sectors contributed to the market’s positive performance, with Hyundai Motor and Kia’s shares climbing by 2.51 percent and 3.92 percent, respectively, and SK Innovation’s stock rising by 2.42 percent. The local currency was trading at 1,336.95 won against the U.S. dollar, marking a slight decrease from the previous session's close.

SEOUL — Seoul Fashion Week, the premier fashion event in South Korea, is set to commence next week, spotlighting 21 Korean fashion houses over a five-day period, city officials announced. Scheduled to run from Thursday to the following Monday, the 2024 fall-winter fashion week will be hosted at the Dongdaemun Design Plaza and SFactory in Seongsu-dong, central Seoul.

According to Yonhap News Agency, The event will not only feature runway shows by 21 Korean designer brands but also include a trade fair with 68 local fashion houses. The fair is expected to attract 101 foreign buyers from 23 countries, looking to secure purchasing deals. The opening show at DDP will highlight Julycolumn, a women's clothing brand by emerging designer Park So-young. K-pop girl band NewJeans will serve as honorary ambassadors, participating in a photo call to promote the event, which will be available for global viewers via livestream on the official YouTube channel of Seoul Fashion Week.

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