General

(LEAD) Seoul shares up for 2nd day on Fed’s rate-cut signal

South Korean stocks increased for two straight sessions Thursday driven by the U.S. Federal Reserve’s strong signal for a rate cut next time. The local currency rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index inc…

Renault Korea’s July sales rise 12.7 pct on overseas demand

Renault Korea Motors Co., the South Korean unit of Renault S.A., said Thursday its sales climbed 12.7 percent last month from a year earlier thanks to increased overseas demand.

Renault Korea sold 5,447 vehicles in July, up from 4,835 units a year ea…

KG Mobility’s July sales down 23.4 pct on weak exports

KG Mobility Corp., formerly known as SsangYong Motor Co., said Thursday its July sales dropped 23.4 percent from a year earlier due to sluggish overseas sales.

KG Mobility sold 8,313 vehicles last month, compared with 10,848 units sold a year earlier…

PM meets Thailand’s top diplomat in Seoul

Prime Minister Han Duck-soo met with Thailand’s Foreign Minister Maris Sangiampongsa in Seoul on Thursday and discussed bilateral relations and future cooperation, Han’s office said.

The meeting took place as the top Thai diplomat paid a courtesy cal…