Seoul, July 28 (IANS) South Korean stocks plummeted more than 8 per cent on Tuesday as investors dumped tech shares amid heightened fears over artificial intelligence (AI) investment.After opening 5.26 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses, falling 580.04 points, or 8.59 percent, to 6,175.71 as of 11:20 am (local time).The Korea Exchange (KRX) triggered the market-wide circuit breaker at 10:14 a.m. after the KOSPI plunged more than 8 percent from …
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Seoul, July 27 (IANS) A Seoul court on Monday convicted South Korea’s former President Yoon Suk Yeol of election law violations, putting the main opposition party at risk of returning nearly 40 billion won (USD 27.3 million) that was reimbursed in campaign expenses for the 2022 presidential election. The Seoul Central District Court sentenced Yoon to 18 months in prison, suspended for three years, after finding him guilty of making false statements as the People Power Party (PPP)’s presidential …
Seoul, July 27 (IANS) South Korea’s unification ministry reaffirmed its stance Monday on seeking “realistic and practical” solutions to denuclearisation on the Korean Peninsula, focusing on halting North Korea’s nuclear programs. “The ministry’s position has not budged from seeking a nuclear-free Korean Peninsula in cooperation with the international community,” Yoon Min-ho, the ministry’s spokesperson, said at a regular briefing.”Given the gravity of North Korean nuclear issues, we will focus o…
Seoul, July 27 (IANS) South Korean stocks turned lower late on Monday morning as big chip shares lost ground despite eased Middle East tensions.After opening 1.73 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) shed 55.63 points, or 0.83 percent, to 6,634.99 as of 11:20 a.m.Foreign investors sold nearly 1.7 trillion won, offsetting a combined 1.6 trillion won worth of buying by retail and institutional investors, reports Yonhap news agency.The United States has suspended …
Seoul, July 26 (IANS) South Korea’s travel account posted a surplus for the third consecutive month in May, driven by an increase in foreign visitors, government data showed on Sunday.The travel account recorded a surplus of $220.5 million in May, compared with a deficit of $820.2 million a year earlier, according to data from the Korea Tourism Organization, reports Yonhap news agency.It marked the third consecutive monthly surplus since March, when the account recorded a surplus of $263.8 milli…
Madrid, July 25 (IANS) Spanish club Atletico Madrid on Saturday confirmed the signing of South Korean international midfielder Lee Kang-in from Paris Saint-Germain.The 25-year-old has signed a contract with Atletico until the end of June 2031, and returns to La Liga for a price reported to be around 40 million euros (around 45.5 million US dollars), reports Xinhua.”A talented 25-year-old left-footed midfielder, he can play as an attacking midfielder or on either wing and is known for his vision,…
New Delhi, July 25 (IANS) India-focused fund flows show early signs of stabilisation, as global industrials flow sees first momentum break since AI trade began in May 2025, according to a new report.Redemptions paused after $8.6 billion outflows since February, although net inflows remained modest at $17 million. “The recovery was driven by India-focused ETFs (+$118 million), while active long-only funds continued to witness outflows (-$101 million). At the country level, India attracted $184 …
Changzhou, July 24 (IANS) China suffered a double blow in men’s singles at the 2026 China Open in Changzhou on Friday as Shi Yuqi and Weng Hongyang both crashed out in the quarterfinals, leaving the host nation without a representative in the last four.World No. 1 Shi Yuqi fought hard for 61 minutes against Chinese Taipei’s Chou Tien-chen, but could not lock down the key points late on. The home favourite lost the three-game clash 21-14, 12-21, 21-15.Weng also had no luck in his quarterfinals ti…
Seoul, July 24 (IANS) North Korea on Friday accused South Korea, the United States and Japan of exploiting this week’s Association of Southeast Asian Nations (ASEAN) forum to “incite” hostility by seeking to promote a US-led security bloc and force the regime to denuclearise despite it no longer being a viable path.The North’s foreign ministry made the comments in a dispatch carried by its state media, referring to the series of meetings that took place in the Philippines this week led by the 11…
New Delhi, July 24 (IANS) Global crude oil prices remained elevated on Friday, with trading above the $100-per-barrel mark amid escalating geopolitical tensions in the Gulf, raising concerns over global energy supplies.International benchmark Brent crude rose 0.43 per cent or 44 cents to remain above the $100-a-barrel level, while US West Texas Intermediate (WTI) crude gained 0.69 per cent or 64 cents to $92.83 a barrel.In the domestic market, crude oil futures for August delivery on the Multi C…