General

Seoul shares open lower on tech, auto losses

SEOUL: Seoul shares opened lower Wednesday as investors locked in profits following a two-session winning streak despite overnight Wall Street gains.

The benchmark Korea Composite Stock Price Index fell 2.17 points, or 0.08 percent, to 2,863.92 in th…

Banks to tighten lending criteria in Q3: survey

SEOUL: Banks in South Korea are expected to tighten their stances on extending loans in the third quarter of the year, a central bank survey showed Wednesday.

According to the poll of financial institutions, including 18 banks, conducted by the Bank …

Yonhap News Summary

SEOUL: A heavy rain watch was issued across parts of northern Gyeonggi Province on Wednesday, with 100 millimeters of rain per hour pouring in the border city of Paju, the state weather agency said.

As of 7 a.m., heavy downpours of 100.9 mm per hour …