August 13, 2024

Power demand hits all-time high amid scorching heat

South Korea’s electricity demand hit an all-time high Monday as the country was struck by scorching summer heat, data showed Tuesday.

The country’s maximum power demand reached 102.327 gigawatts between 2-3 p.m. Monday, surpassing the previous recor…

(LEAD) Seoul shares up for 3rd day ahead of key U.S. data

South Korean stocks ended slightly higher Tuesday as investors remained cautious ahead of the releases of major U.S. data later this week to gauge the Federal Reserve’s monetary policy direction. The local currency gained ground against the U.S. doll…