‘Giant moon’ installed on dock on Han River
SEOUL, An art installation shaped like a giant moon has been constructed on a dock on the Han River, the Seoul city government said Monday. The installation, named “Dalbitnodeul,” which...
Daily Archive: January 4, 2021
SK hynix seeks global leadership in cooperation with ICT powerhouses: chief
SEOUL, SK hynix Inc. needs to actively seek cooperation with world ICT powerhouses to become a leading tech firm, its top executive said Monday, hinting that South Korea’s No. 2...
Samsung heir visits chip plant to mark start of 2021
SEOUL, Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea’s top conglomerate, Samsung Group, on Monday checked the company’s chip business plans to mark the start...
Seoul stocks at another record high, index inching closer to 3,000 points
SEOUL, After finishing 2020 with a stellar 30.75 percent gain, South Korean stocks pierced the 2,900-point mark for the first time on Monday, backed by hopes of a quick recovery...
Kia’s Dec. sales slip 3.8 pct on weak domestic demand
SEOUL, Kia Motors Corp. said Monday its sales fell 3.8 percent last month from a year earlier due to weak demand in the domestic market. Kia Motors sold 218,256 vehicles...
Renault Samsung’s Dec. sales nearly halve amid pandemic
SEOUL, Renault Samsung Motors Corp. said Monday that its auto sales tumbled 46.9 percent last month from a year earlier as the COVID-19 pandemic continued to weigh on demand for...
S. Korean Bond Yields on Jan. 4, 2021
Today (%) Previous Session(%) Change (BP) 1-year TB 0.726 0.741 -1.5 3-year TB 0.954 0.976 -2.2 10-year TB 1.723 1.713 +1.0 2-year MSB 0.890 0.913 -2.3 3-year CB (AA-) 2.192...
Hyundai to halt local plant this week for inventory control
SEOUL, Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it will suspend operations at one of its domestic plants this week to control inventories amid the COVID-19...
New coach says FC Seoul belong in K League’s top tier
GURI, South Korea, FC Seoul finished in a disappointing ninth place among 12 clubs in the K League 1 in 2020, just a year after ranking in third place. And...
Carmakers’ Dec. sales dip 5 pct amid pandemic
SEOUL, South Korean carmakers’ sales fell 5 percent last month from a year earlier as the COVID-19 pandemic continued to weigh on demand, industry data showed Monday. The five carmakers...
Moon requests parliamentary hearing on nominee to lead anti-corruption probe body
SEOUL, President Moon Jae-in has signed a formal request for the National Assembly to hold a confirmation hearing on his pick to become the inaugural chief of a high-profile corruption...
Ex-employees of Kumho Asiana, antitrust watchdog under probe on bribery charges
SEOUL, A former executive of Kumho Asiana Group and a former employee of the nation’s antitrust watchdog are under prosecution’s probe for allegedly conspiring to delete documents unfavorable to the...