August 22, 2024

Seoul shares open higher on hopes for rate cut by Fed

South Korean stocks opened higher Thursday after the minutes from the Federal Reserve’s rate policy meeting showed that the “vast majority” of its policymakers support a rate cut next month.

The benchmark Korea Composite Stock Price Index (KOSPI) ad…

LS Cable’s unit wins cable supply deal in Vietnam

LS Cable and System Ltd., South Korea’s biggest cable company, said Thursday its unit has received an extra-high voltage cable supply deal in Vietnam.

LS Eco Energy will supply the high voltage cables to Vietnam Electricity (EVN), the Southeast As…

Combined net income of S. Korean banks falls 11 pct on-year in H1

South Korean banks saw their combined net income shrink sharply from a year earlier in the first half, due largely to a drop in the profit of specialized banks, data showed Thursday.

The combined net profit of domestic banks for the first six months…

(LEAD) 5 killed, 10 injured in hotel fire in Bucheon

Five people were killed and 10 others injured following a fire at a hotel in Bucheon, just west of Seoul, on Thursday, the firefighting authorities said.

According to the Gyeonggi Province firefighting headquarters, the fire began on the eighth floo…

(LEAD) 5 killed, 10 injured in hotel fire in Bucheon

Five people were killed and 10 others injured following a fire at a hotel in Bucheon, just west of Seoul, on Thursday, the firefighting authorities said.

According to the Gyeonggi Province firefighting headquarters, the fire began on the eighth floo…