July 3, 2024

Seoul shares up 0.27 pct late Wed. morning

South Korean stocks traded 0.27 percent higher late Wednesday morning on the Federal Reserve’s dovish stance.

The benchmark Korea Composite Stock Price Index had gained 7.46 points to 2,788.32 as of 11:20 a.m.

Overnight, Wall Street was strong on F…

(LEAD) Taxi crashes into hospital in central Seoul, injuring 3

A taxi crashed into a hospital in central Seoul on Wednesday, injuring three pedestrians, police said.

The vehicle driven by a man in his 60s plowed into the emergency ward of the National Medical Center in the central district of Jung at 5:15 p.m.,…

MBK Partners to acquire Japanese drugmaker Alinamin

Private equity firm MBK Partners will acquire Japan’s Alinamin Pharmaceutical for 2.9 trillion won (US$2.1 billion), industry sources said Wednesday.

MBK Partners will buy the Japanese supplement maker from U.S. investment fund Blackstone in a stock…