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Imported car sales rise 4 pct in July

Sales of imported cars rose 4 percent on-year in July thanks to the growing demand for hybrid models, industry data showed Monday.

The number of newly registered imported cars came to 21,977 units in July, up from 21,138 units a year ago, according …

Seoul shares sink over 5 pct on U.S. slowdown fears

South Korean stocks tumbled more than 5 percent late Monday morning as fears of a U.S. economic slowdown weighed heavily on the local financial market, with a five-minute trade halt issued.

The benchmark Korea Composite Stock Price Index (KOSPI) had…