General

Retail sales up 10.5 pct in H1 on robust online demand

Retail sales in South Korea increased 10.5 percent on-year in the first half of this year, data showed Tuesday, on the back of aggressive discount events launched by online shopping platforms amid growing competition from Chinese players.

The combin…

Seoul shares sharply down late Tue. morning ahead of Fed meeting

Seoul shares extended losses late Tuesday morning as investors await the U.S. Federal Reserve’s rate decision and earnings from major tech firms this week.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 28.92 points, or 1.05 percent, t…