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S. Korea extends won-dollar FX market hours to 2 a.m.

South Korea’s foreign exchange market for won-U.S. dollar transactions was extended until 2 a.m. starting Monday as part of the government’s efforts to enhance investors’ convenience and improve market access, the finance ministry said.

The operatin…

(2nd LD) N. Korea fires 2 ballistic missiles: S. Korean military

North Korea fired two ballistic missiles off in a northeastern direction Monday, South Korea’s military said, after warning of countermeasures against a joint military exercise held by South Korea, the United States and Japan.

The Joint Chiefs of St…

Gov’t to buy 50,000 tons of rice to stabilize prices

The agricultural ministry said Monday it has launched steps to purchase 50,000 tons of rice in order to stabilize its price.

The latest move comes in line with efforts to reduce the 150,000 tons of rice in storage, which was harvested in 2023, in th…

(2nd LD) Exports extend gains to 9th straight month in June

South Korea’s exports extended on-year gains to the ninth straight month in June on the back of record performance of semiconductors, data showed Monday.

Outbound shipments rose 5.1 percent on-year to US$57 billion last month, according to the data …

Seoul shares up for 2nd day ahead of key events

South Korean stocks finished a tad higher Monday as investors took a breather ahead of the release of the Fed minutes and the second-quarter earnings guidance of Samsung Electronics. The local currency fell against the U.S. dollar on the first day of…