Industry

Cosmo Chemical to raise 117.5 bln won via stock sale

Cosmo Chemical on Friday announced that it will sell stock to raise 117.5 billion won(US$87.8 million). The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory filing, the company will issue 3.4 m…

(LEAD) Kia launches face-lifted Sorento SUV in S. Korea

Kia Corp., South Korea’s second-biggest carmaker by sales, on Thursday launched the face-lifted Sorento in the domestic market to beef up its SUV lineup.The upgraded Sorento comes with a 2.5-liter gasoline turbocharged, a 2.2-liter diesel, or a 1.6-li…

Seoul shares down late Thu. morning on US rate uncertainty

South Korean stocks traded lower late Thursday morning, as investors were wary of the Federal Reserve’s monetary tightening and the Chinese economy.The benchmark Korea Composite Stock Price Index (KOSPI) had lost 28.98 points, or 1.13 percent, to 2,51…

Auto exports up 15 pct in July on strong eco-friendly car sales

South Korea’s car exports jumped 15 percent on-year in July on the back of solid global demand for eco-friendly cars, the industry ministry said Thursday.The value of outbound shipments of automobiles came to US$5.9 billion last month, compared with $…