Seoul shares opened higher Wednesday on retail buying, though investors remain cautious due to concerns over a slower pace of the Federal Reserve's rate cuts. The benchmark Korea Composite Stock Price Index (Kospi) rose 3.53 points, or 0.14 percent, to 2,574.23 in the first 15 minutes of trading. Overnight, US stocks closed mixed. The Dow Jones Industrial Average fell 0.02 percent to 42,924.89, while the tech-heavy Nasdaq Composite rose 0.18 percent to 18,573.13. In Seoul, large-cap stocks

Hyundai Motor India made a monumental debut on the Indian stock market, marking the largest initial public offering in India’s history and the first overseas subsidiary of a Korean company to go public in global markets. Hyundai Motor Group Executive Chair Chung Euisun and key executives, including Chang Jae-hoon, president and CEO of Hyundai Motor Company; Kim Un-soo, vice president of Hyundai Motor India; Tarun Garg, chief operating officer at Hyundai Motor India; and some 250 people fro

Seoul shares closed lower Tuesday as Samsung and other market heavyweights came under heavy selling following overnight losses on Wall Street. The Korean won continued to slip against the US dollar. The benchmark Korea Composite Stock Price Index fell 34.22 points, or 1.3 percent, to close at 2,570.70. Institutions and foreigners sold a combined 602 billion won ($436 million) worth of stocks, exceeding individuals' stock purchases valued at 582 billion won. Trade volume was moderate at 337.

Seoul shares opened lower Tuesday as US stocks took a breather after reporting their longest weekly rally this year. The benchmark Korea Composite Stock Price Index fell 16.66 points, or 0.6 percent, to 2,588.26 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.8 percent to 42,931.60, while the tech-heavy Nasdaq Composite rose 0.3 percent to 18,540.01. In Seoul, large-cap stocks were mixed. Market bellwether Samsung Electronics Co. fell 1 percent, top carmake

Seoul shares closed higher Monday to snap their three-day slide as investors scooped oversold stocks after US gains. The Korean won fell to the lowest in over two months against the US dollar. The benchmark Korea Composite Stock Price Index rose 11.1 points, or 0.43 percent, to close at 2,604.92. Trade volume was moderate at 235.86 million shares worth 7.6 trillion won ($5.5 billion), with gainers outpacing losers 434 to 427. Institutions and foreigners bought a combined 284 billion won, exceedi

Emily Cho, president and chief marketing officer of Hanjin Logistics Corporation, visited 11 countries in the first half of this year alone as she continued adding impetus to extending the global shipping network of the company her grandfather founded 79 years ago. "I try to be present in meetings with our global clients, hoping to help foster long-term, solid partnerships with them," Cho told The Korea Herald in a recent interview at her office in central Seoul, a day before her busin

Hanjin Logistics, an affiliate of South Korean airline-to-logistics conglomerate Hanjin Group, said Monday that it is strengthening its logistics business in Eurasia, with a particular focus on Uzbekistan. According to the company, Hanjin Logistics CEO Noh Sam-sug and President and Chief Marketing Officer Emily Cho visited Uzbekistan from Oct. 13 to Tuesday as part of their overseas management initiative. This time, the visit aimed to assess logistics conditions and strengthen relationships with

Seoul shares opened higher Monday, tracking gains on Wall Street last week. The benchmark Korea Composite Stock Price Index (Kospi) rose 5.19 points, or 0.2 percent, to 2,599.01 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average gained 0.09 percent to 43,275.91, and the tech-heavy Nasdaq Composite was up 0.63 percent to 18,489.55. In Seoul, large-cap stocks were mixed. Market bellwether Samsung Electronics Co. fell 0.8 percent, leading auto parts maker Hyundai Mobis

The number of pilots newly hired by South Korean air carriers rose 8 percent on-year through August, data showed Sunday, driven by post-pandemic travel demand. The 11 air carriers hired 537 new pilots over the January-August period, compared with 498 in the same period a year earlier, according to Rep. Lee Yeon-hee of the main opposition Democratic Party, who cited data from the transport ministry. The figure marks a significant increase from the annual average of 135 recorded between 2020 and 2

      North Korea claimed Saturday it has discovered remains of at least one drone sent from South Korea, describing it as the same type displayed on the South's Armed Forces Day in Seoul earlier this month. Pyongyang has accused Seoul of sending drones carrying anti-North Korean propaganda leaflets over the capital. But South Korean Defense Minister Kim Yong-hyun said that he could not confirm the North's allegations. A North Korean defense ministry spokesperson said in a stateme

An overwhelming majority of what are deemed "avoidable deaths" in the South Korean Army last year were soldier suicides, Ministry of National Defense data showed Thursday. A total of 44 avoidable deaths -- designated Type 1 deaths -- occurred in 2023, according to the data submitted to Rep. Hwang Hee of the main opposition Democratic Party of Korea. Suicides accounted for 41 of them, or 93.2 percent, which was the highest percentage of suicides among Type 1 deaths since the 70.7 percen

Balmforth KYIV (Reuters) -- President Volodymyr Zelenskiy unveiled his much anticipated "victory plan" on Wednesday, calling on his allies to take urgent steps to bolster Kyiv at a precarious moment in a bid to end the war with Russia next year. As Moscow's forces advance in the east and a bleak winter of power cuts looms, he told parliament his plan contained five main points that were in the hands of his allies, including an unconditional invite to join NATO now and weapons supp

North Korea's military has ordered artillery units along the border with South Korea to be fully ready to open fire, state media has reported, after the North warned of a "horrible disaster" over the alleged flight of drones over its capital. North Korea's defense ministry issued the statement Sunday night, days after the recalcitrant regime claimed South Korea had sent unmanned drones carrying anti-North Korea propaganda leaflets over Pyongyang three times this month. "

The works of South Korean Nobel laureate Han Kang are available in 20 languages at Seoul's open-air libraries, city officials said Sunday. The exhibitions, which opened Friday at three locations — Seoul Plaza, Gwanghwamun Plaza and Cheonggyecheon — celebrate the 53-year-old novelist's Nobel Prize win and feature a curated selection of 10 works, according to the Seoul Metropolitan Government. In addition to her books in the original language, the exhibitions feature transl

North Korea's news media for the domestic audience on Saturday reported the reclusive regime's claim that the South sent unmanned drones carrying anti-North propaganda leaflets over Pyongyang three times this month. The Rodong Sinmun, the North's main newspaper, as well as the country's state radio and TV, reported the news by carrying a statement from the North's foreign ministry issued the previous day. It is unusual for North Korea to publicize the South's sendin