October 16, 2024

Ruling party apologizes for abrupt resignation of Guro Ward chief

The ruling People Power Party (PPP) apologized Wednesday after Seoul’s Guro Ward chief resigned abruptly in protest of a government order to place his stocks in a blind trust.

Moon Hun-il, who was elected on the PPP ticket in June 2022, submitted his…

(LEAD) Seoul shares end 2-day rise on slump in techs, financials

South Korean stocks ended lower Wednesday due to losses in tech shares amid concerns over their earnings. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 23.09 points, or 0.88 perce…