General

Seoul shares open higher on hope for U.S. rate cut

Seoul shares opened higher Monday on hope for the U.S. Federal Reserve’s rate cut and earnings releases of major tech firms this week.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 27.62 points, or 1.01 percent, to 2,759.52 in the fir…

ABS issuance plunges 34 pct on-year in Q2

The issuance of asset-based securities (ABSs) in South Korea dropped sharply from a year earlier in the second quarter due to a sharp decline in those issued by the state-run housing finance company, data showed Monday.

The ABSs issued in the April-…