General

Seoul shares extend gains late Wed. morning amid rate cut hopes

Seoul shares slightly extended gains late Wednesday morning as investors await the U.S. Federal Reserve’s policy decision amid expectations that a rate cutting cycle may begin in the near future.

The benchmark Korea Composite Stock Price Index (KOSP…

Exports of passenger cars hit all-time high in Q2

Exports of passenger cars reached a record high in the second quarter of this year on solid demand from the United States and Canada, data showed Wednesday.

South Korean carmakers shipped US$17.8 billion worth of passenger cars over the April-June p…