Renault Korea Motors Co., the South Korean unit of Renault S.A., said Monday its August sales inched up 0.4 percent from a year earlier thanks to overseas shipments. Renault Korea sold 8,451 vehicles last month, up from 8,414 units a year earlier, the company said in a statement. Exports rose 2.7 percent to 7,101 units from 6,912 units a year

South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 6.69 points, or 0.25 percent, to close at 2,681.00. Trade volume was moderate at 262.5 million shares worth 8.5 trillion won (US$6.35 billion), with losers outnumbering gainers 534 to

The 22nd National Assembly formally kicked off with an opening ceremony Monday, more than three months after it came into operation, with President Yoon Suk Yeol skipping the ceremony amid tensions with the opposition. Yoon’s decision to sit out the ceremony to open the new Assembly and its first regular session came amid the opposition party’s push to pass controversial

South Korea will host an international conference on exploring the responsible use of artificial intelligence (AI) in the military domain next week, the foreign ministry said Monday. The second Responsible AI in the Military Domain (REAIM) conference is scheduled to be held Monday and Tuesday, also to be co-hosted by the Netherlands and Singapore, the ministry said. The upcoming forum

Dozens of amphibious vehicles carrying South Korean and U.S. Marines charged ashore Monday to secure target areas as part of combined drills designed to enhance their amphibious landing capabilities. The drills took place across two coastal areas in Pohang, 273 kilometers southeast of Seoul, as the key phase of the allies’ annual Ssang Yong (double dragon) exercise that kicked off

Hyundai Motor Co., South Korea’s leading carmaker, said Monday its August sales slipped 5.3 percent from last year as exports declined. Hyundai Motor sold 332,963 vehicles in last month, down from 333,264 units a year earlier, the company said in a statement. Domestic sales gained 4.6 percent to 68,087 units from 55,555 units during the cited period, while overseas sales

Kia Corp., South Korea’s second-largest automaker, said Monday its August sales fell 1.7 percent from a year earlier amid weakened demand both at home and overseas. Kia, the smaller affiliate of Hyundai Motor Co., sold 251,638 vehicles in August, down from 256,038 units a year ago, the company said in a statement. The company said domestic sales fell 4.1 percent

South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 6.69 points, or 0.25 percent, to close at 2,681.00. Trade volume was moderate at 262.5 million shares worth 8.5 trillion won (US$6.35 billion), with losers outnumbering gainers 534 to