June 28, 2024

(2nd LD) Industrial output falls 0.7 pct in May

SEOUL: South Korea’s industrial output fell in May from a month earlier, as losses in the automobile sector offset gains in the semiconductor segment, with retail sales and facility investment losing ground as well, data showed Friday.

Industrial out…

Busan seen entering phase of extinction, study says

SEOUL: Busan, South Korea’s second-largest city, appears to have entered a phase of extinction due to low birthrates and superaging population, becoming the nation’s first metropolitan city to do so, said a research paper published on Friday.

The pap…

Seoul shares open tad higher ahead of key U.S. data

SEOUL: Seoul shares opened a tad higher Friday ahead of the release of the Federal Reserve’s preferred gauge of inflation.

The benchmark Korea Composite Stock Price Index (KOSPI) added 2.61 points, or 0.09 percent, to 2,786.67 in the first 15 minutes…

Yoon to send delegation to inauguration of Panama president

SEOUL: President Yoon Suk Yeol will send a delegation made up of the land minister and a former boxing champion to the inauguration ceremony of incoming Panamanian President José Raúl Mulino, his office said Friday.

Land Minister Park Sang-woo and Ho…