August 5, 2024

Seoul shares open sharply lower on continuing U.S. slowdown fears

South Korean stocks started sharply lower Monday as investor sentiment was dampened by continuing fears of a U.S. economic slowdown.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 100.4 points, or 3.75 percent, to 2,575.79 in the first…

Yoon goes on summer vacation

President Yoon Suk Yeol on Monday began his summer vacation, which is expected to include visits to traditional markets and other locations across the country as part of efforts to help stimulate the domestic economy, officials said.

“President Yoon…