September 5, 2024

Yoon orders early payment of living allowances ahead of Chuseok

President Yoon Suk Yeol instructed the government Thursday to make early payments of living allowances to social welfare recipients ahead of the Chuseok holiday, his office said.

Living allowances are among the types of payments given to social welf…

Seoul shares open sharply up on bargain hunting

South Korean shares opened higher Thursday as investors sought to pick up blue chip bargains, one day after the local market plunged by more than 3 percent on U.S. woes.

The benchmark Korea Composite Stock Price Index (KOSPI) added 21.63 points, or …

Kia sets monthly EV sales record of 6,398 units in Aug.

Kia Corp., South Korea’s second-largest automaker, set a new record in terms of monthly electric vehicle (EV) sales per brand in August, thanks to the successful market debut of the company’s new EV3 model, data showed Thursday.

According to auto in…