Seoul, May 21 (IANS) South Korean stocks opened markedly higher on Thursday on rising hopes for a possible peace deal between the United States and Iran, and an end to labor unrest at Samsung Electronics, triggering a buy-side sidecar.After starting 3.85 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 277.42 points, or 5.27 percent, to 7,388.52 as of 9:30 a.m, reports Yonhap news agency.As stocks extended gains, a buy-side order in the KOSPI futures was suspended for…
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Seoul, Feb 15 (IANS) South Korea is preparing to form a team of working-level specialists to back a newly launched government committee tasked with the preliminary review of potential investment projects in the United States as part of a trade deal between the two countries, trade authorities said on Sunday.The move comes shortly after the Korea-U.S. strategic investment memorandum of understanding (MOU) implementation committee held its inaugural meeting Friday to explore potential projects, as…
Seoul, Dec 26 (IANS) With global economic uncertainties widely expected to continue weighing down Asia’s fourth-largest economy in 2026, South Korea will seek to weather the challenges by leveraging its semiconductor industry amid the global artificial intelligence (AI) boom, experts said on Friday.The South Korean economy faced significant jitters earlier this year after U.S. President Donald Trump announced a series of protectionism measures, including tariffs targeting long-standing economic …