Seoul, April 9 (IANS) South Korean stocks lost ground late on Thursday morning as Washington and Tehran remained divided over the terms of a two-week ceasefire, including whether it includes ending Israel’s offensive against Lebanon.The benchmark Korea Composite Stock Price Index (KOSPI) fell 57.93 points, or 0.99 percent, to 5,814 as of 11:20 am (local time), reports Yonhap news agency.The United States and Iran reached a two-week ceasefire agreement on Tuesday (U.S. time), including the reopen…
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Seoul, March 23 (IANS) South Korean stocks were trading sharply lower on late Monday morning, as investors offloaded major shares after Iran warned it could close the Hormuz Strait indefinitely.The benchmark Korea Composite Stock Price Index (KOSPI) declined 293.84 points, or 5.08 percent, to 5,487.36 as of 11:20 a.m.The index remained in negative territory, triggering the country’s main bourse operator to temporarily halt program trading for five minutes, reports Yonhap news agency.On Friday, m…
Seoul, March 13 (IANS) South Korean stocks trimmed losses late on Friday morning but continued to trade in negative territory as global crude prices fluctuated after the new Iranian leader vowed to keep the blockade of the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) fell 76.62 points, or 1.37 percent, to 5,506.63 as of 11:20 a.m.Global crude prices have swung back to the $100 level after extreme volatility, with disruptions at the key waterway in the Middle East show…
Seoul, March 8 (IANS) Unionised workers at Samsung Electronics are set to begin a vote later this week on whether to launch a strike, industry sources said on Sunday, amid controversy after a union warned that employees who refuse to participate in the walkout could face disadvantages.The company’s three largest unions, which represent a combined estimated 89,000 of the tech giant’s roughly 130,000 employees, will hold the vote from Monday through March 18 on whether to stage a general strike fo…
Seoul, March 5 (IANS) South Korean stocks traded sharply higher late on Thursday morning on bargain hunting following the steepest decline in history the previous session.After opening 3.09 per cent higher, the benchmark Korea Composite Stock Price Index (KOSPI) had extended its gains, shooting up 10.25 per cent, or 521.9 points, to 5,615.44 as of 11:20 am, reports Yonhap news agency.The Korea Exchange (KRX), the country’s main bourse operator, activated a five-minute buy-side sidecar at 9:06 a….
Seoul, Jan 25 (IANS) Foreign ownership of South Korean stocks as a share of total market capitalisation reached its highest level in five years and nine months in January, driven by net purchases in the shipbuilding, defence and nuclear power industries, the main bourse operator said on Sunday.Foreigners’ stock holdings rose to 37.18 per cent of total market capitalisation on January 7, the highest level since April 9, 2020, when the rate was at 37.34 percent, according to data from the Korea Ex…
Seoul, Jan 19 (IANS) A North Korea-linked hacking group has recently conducted a sophisticated malware distribution campaign by abusing online advertising systems operated by Naver and Google, a report showed on Monday.According to the online threat assessment report released by Genians Security Center, Konni, the hacking group tied to Kimsuky and other Pyongyang-sponsored hacking groups, has launched an advanced persistent threat (APT) campaign by exploiting the online portals’ ad systems.The g…
Seoul, Jan 13 (IANS) The South Korean currency fell further on Tuesday, hovering below the level of 1,470 won per US dollar shortly after recovering from a near 16-year low.The won opened at 1,468.5 per dollar, down 0.1 won from the previous session, and dipped further to 1,472.45 won as of 9:30 am, reports Yonhap news agency.The local currency had slid to a 16-year low of around 1,480 won in mid-December and rebounded above the 1,450 won mark on Dec. 24 for the first time in about two months fo…
Seoul, Jan 11 (IANS) The science ministry here said on Sunday it has shared a view with Nvidia Corp. on swiftly setting up a research centre in South Korea.Second Vice Science Minister Ryu Je-myung met with Jay Puri, executive vice president at Nvidia, in California on Friday (U.S. time), according to the Ministry of Science and ICT, reports Yonhap news agency.During the meeting, Ryu and Puri shared a consensus on the need to promptly establish Nvidia’s research and development facility in South…