August 28, 2024

Seoul shares open tad higher on tech, auto gains

South Korean shares opened slightly higher Wednesday, led by gains of tech, autos and other blue chips.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.38 points, or 0.05 percent, to 2,686.27 in the first 15 minutes of trading.

Tech …

Samsung SDI, GM to jointly build EV factory in U.S.

Samsung SDI Co., a South Korean battery maker, said Wednesday it has signed a formal deal with global automaker General Motors Co. to jointly build electric vehicle (EV) batteries in the U.S. state of Indiana.

Under the deal, the two companies will …