General

Exports rise 16.7 pct during first 10 days of August

South Korea’s exports rose 16.7 percent on-year in the first 10 days of August, data showed Monday, on the back of the strong performance of semiconductors.

Outbound shipments reached US$15.5 billion in the August 1-10 period, compared with $13.2 bi…

Carmakers move to disclose battery brand info amid EV fire scare

Carmakers in South Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batteries.

Public concerns over EV safety have mounted in the country after…

(LEAD) Yoon again vetoes contentious broadcasting bills

President Yoon Suk Yeol on Monday approved a Cabinet motion demanding parliamentary reconsideration of four broadcasting bills, exercising veto power again against the legislation that the government says infringes upon the president’s rights to appo…

(LEAD) Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …

Exports rise 16.7 pct during first 10 days of August

South Korea’s exports rose 16.7 percent on-year in the first 10 days of August, data showed Monday, on the back of the strong performance of semiconductors.

Outbound shipments reached US$15.5 billion in the August 1-10 period, compared with $13.2 bi…

Grand Korea Leisure Q2 net income up 32 pct to 11.3 bln won

Grand Korea Leisure Co. on Monday reported its second-quarter net income of 11.3 billion won (US$8.3 million), up 32 percent from a year earlier.

The company said in a regulatory filing that it posted 13.2 billion won in operating profit for the qua…