General

Seoul city to launch tech expo in S. Korea’s answer to CES

The Seoul city government said Monday it will launch an international tech exposition in October with an ambitious goal of turning the event into a platform similar to the influential tech trade show CES in the coming years.

The Seoul Smart Life Wee…

Banks’ rate for fresh loans edges down in June

The average lending rate of major banks in South Korea dropped from a month earlier in June, data showed Monday.

COFIX, or the Cost of Funds Index, a benchmark lending rate for mortgage loans, came to 3.52 percent last month, down 0.04 percentage po…

Seoul shares open nearly flat amid U.S. rate cut hopes

Seoul shares opened nearly flat Monday as investors continued to cash in profits amid expectations over a rate cut by the Federal Reserve in September on the back of eased inflation.

The benchmark Korea Composite Stock Price Index edged up 0.03 poin…