July 12, 2024

Seoul shares open lower as U.S. tech shares tumble

Seoul shares opened lower Friday, tracking overnight losses on Wall Street after investors cashed in profits from major tech shares despite signs of cooling U.S. inflation.

The benchmark Korea Composite Stock Price Index shed 23.8 points, or 0.82 pe…

(LEAD) Minimum wage for 2025 surpasses 10,000 won for 1st time

The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level.

The rate reached during the 11th plenary meeting of the Minimum Wage Commis…