Hyundai Motor Co., South Korea’s leading carmaker, said Monday its July sales slipped 1.4 percent from last year due to unfavorable market conditions, such as high interest rates and strong market competition.

Hyundai Motor sold 332,003 vehicles in J…

South Korean stocks traded higher late Thursday morning as investors were boosted by the U.S. Federal Reserve’s dovish stance.

The benchmark Korea Composite Stock Price Index had added 0.3 percent to 2,779.1 as of 11:20 a.m.

After freezing its polic…

GM Korea Co., the South Korean unit of General Motors Co., said Thursday its July sales plummeted over 40 percent from a year earlier due to production delays caused by facility maintenance and negotiations over wages.

GM Korea sold 22,564 vehicles l…

Police concluded Thursday that last month’s deadly car crash near Seoul City Hall was caused by driver mistakes, not by sudden unintended acceleration of the vehicle as claimed by the elderly driver.

Seoul Namdaemun Police Station Chief Ryu Jae-hyeok…

South Korea’s Red Cross on Thursday proposed providing humanitarian aid to North Korea over damage from the recent downpours in its northern border areas along the Amnok River, as the North is believed to have sustained huge casualties.

The Korean Re…

Today (%) Previous Session(%) Change (BP)

1-year TB 3.135 3.152 -1.7

2-year TB 3.035 3.086 -5.1

3-year TB 2.950 3.004 -5.4

10-year TB 3.004 3.064 -6.0

2-year MSB 3.018 3.067 -4.9

3-year CB (AA-) 3.413 3.459 -4.6

Source: Yonhap News Agency

Prosecutors raided the headquarters of TMON and WeMakePrice on Thursday as part of an investigation into the e-commerce platforms’ delayed payments to vendors sparked by a liquidity crisis engulfing the companies.

The Seoul Central District Prosecuto…

South Korea and the United States will not incorporate a North Korean nuclear attack scenario into their upcoming major military exercise, the U.S. Forces Korea commander said Wednesday, despite expectations that the exercise would feature the nuclear…