September 2, 2024

Seoul shares rise ahead of U.S. Fed meeting

South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index added 6.69 points, or 0.25 percent, to close at 2,681.00.

Trade v…

GM Korea’s Aug. sales plunge 50.7 pct amid partial strike

GM Korea Co., the South Korean unit of General Motors Co., said Monday its August sales plummeted over 50 percent from a year earlier due to production delays caused by a partial strike over wages.

GM Korea sold 15,634 vehicles last month, down 50.7…

Hyundai Motor’s Aug. sales down 5.3 pct as exports fall

Hyundai Motor Co., South Korea’s leading carmaker, said Monday its August sales slipped 5.3 percent from last year as exports declined.

Hyundai Motor sold 332,963 vehicles in last month, down from 333,264 units a year earlier, the company said in a …