January 3, 2024

Seoul shares open lower ahead of Fed minutes

Seoul shares opened lower Wednesday after a mixed close on Wall Street as investors await the release of the Federal Reserve’s minutes for clues on the U.S. central bank’s future rate plans.

The benchmark Korea Composite Stock Price Index fell 31.05…

Samsung to unveil new Galaxy S series later this month

Samsung Electronics Co. said Wednesday it will unveil new Galaxy S series smartphones later this month, with a focus on artificial intelligence.

The world’s largest smartphone maker said it will hold a Galaxy Unpacked event in San Jose, California, …

Hyundai Motor’s sales rise 6.9 pct to 4.21 mln units in 2023

Hyundai Motor Co., South Korea’s biggest carmaker, said Wednesday its 2023 sales rose 6.9 percent from a year earlier, helped by the release of new sport utility vehicle models and eco-friendly cars.

Hyundai Motor sold 4,216,680 vehicles last year, …

(LEAD) Founder of ailing builder Taeyoung appeals for help

The founder of Taeyoung Engineering and Construction Co. on Wednesday asked creditors to allow the ailing builder to enter a debt restructuring program to tide over a cash crunch.

Yoon Se-young, founder and honorary chairman of Taeyoung, made the …