General

Seoul shares close higher ahead of Fed chairman’s testimony

Seoul shares closed slightly higher Tuesday as investors awaited a congressional testimony by Federal Reserve Chairman Jerome Powell this week. The local currency gained against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI…

Strike at Samsung Electronics enters 2nd day

Thousands of unionized workers at Samsung Electronics halted work for a second day over a pay raise Tuesday, as part of their three-day strike that marked the biggest labor action in the technology giant’s 55-year history.

The National Samsung Elect…