August 27, 2024

Seoul shares fall late Tues. morning on U.S. tech losses

South Korean shares traded weaker late Tuesday morning in line with an overnight tech slide on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 14.51 points, or 0.54 percent, to 2,683.50 as of 11:20 a.m.

Overnight, major U….

S. Korea seeks 3.6 pct rise in defense budget for 2025

The defense ministry on Tuesday requested a 3.6 percent increase in defense spending next year to bolster capabilities to respond to evolving North Korean military threats.

Earlier in the day, the Cabinet endorsed the proposed budget of 61.59 trilli…

(LEAD) Yoon vows fiscal prudence in 2025 budget proposal

President Yoon Suk Yeol pledged on Tuesday to uphold fiscal soundness in the 2025 budget proposal while prioritizing the welfare of vulnerable groups and fostering economic growth.

Yoon presided over a Cabinet meeting to approve the government’s bud…