Seoul shares closed slightly higher Friday, snapping three consecutive sessions of losses, as investors hunted bargains despite the escalating tensions in the Middle East. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index moved up 0.31 percent, or 8.02 points, to 2,569.71. Trading volume was moderate at 405 million shares worth 9.63 trillion won ($7.2 billion), with gainers outpacing losers at 462 to 412. Foreigners bought a net 41 billion won

Hosted 'R&D Tech Day' on the 2nd at Uiwang Research Center, showcasing 14 world-first technologies and other vital components. Focused R&D on the three pillars of electrification: 'batteries, drive systems, and power conversion,' enhancing flexibility to meet customer and market demands. Increased annual investment in future-oriented R&D by 15%, approaching 1.7 trillion KRW this year, with R&D personnel exceeding 7,000. SEOUL, South Korea, Oct. 3, 2024 /PRNe

South Korea is set to confront fast-paced changes in economic conditions stemming from the heightened tensions in the Middle East, as Iran on Tuesday launched direct missile attacks on Israel. Iran’s attack -- a barrage of 180 ballistic missiles -- was intended as retaliation for the killings of top Hezbollah and Hamas officials, Tehran said. The surprise move came after Israel carried out a ground invasion of Lebanon. As Israeli Prime Minister Benjamin Netanyahu issued a strong warning, o

South Korea's consumer prices slowed to the lowest level in 3 1/2 years in September, falling below 2 percent for the first time since early 2021, data showed Wednesday. Consumer prices, a key gauge of inflation, rose 1.6 percent on-year last month, compared with a 2 percent increase a month earlier, according to the data from Statistics Korea. September's figure marked the lowest level since February 2021, when consumer prices grew 1.4 percent. The figure last came to the 1 percent ra

Finance Minister Choi Sang-mok said Wednesday the South Korean government will stay vigilant against heightened tensions in the Middle East following Iran's massive missile attack on Israel, vowing to enhance market monitoring and devise responses. Iran fired a barrage of around 180 ballistic missiles at Israel on Tuesday (local time), in what Tehran said was retaliation for the recent killings of top Hezbollah and Hamas officials, according to foreign media reports. Israeli Prime Minister

MUSCAT, Oman, Oct. 2, 2024 /PRNewswire/ -- Standard & Poor's (S&P) has upgraded Oman's credit rating to 'BBB-' from 'BB+' with a stable outlook, driven by improvements in the country's financial performance. This marks Oman's return to investment-grade status after nearly seven years, during which its rating dropped due to the decline in global oil prices and COVID-19. Ministry of Finance Oman S&P highlighted that the improvement is a result of continued efforts to en

SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- The Esteemed Chairman and Standing Director of CPC Corporation, Taiwan, Lee Shun-Chin, has been recognized as a Master Entrepreneur at the Asia Pacific Enterprise Awards (APEA) 2024. The awards ceremony took place at the Grand Hyatt Taipei on 13 September.   The renowned Asia Pacific Enterprise Awards (APEA) honors exceptional entrepreneurs for their leadership while shining light on enterprises demonstrating corporate excellence. T

With a renewed push toward a leading green energy supplier with its vast energy resources, Chilean government officials urged South Korea, which shares similar goals in reducing dependence on fossil fuels, to expand investments to Chile and boost strategic partnerships. “The challenge today for Chile is to increase the participation of Korean companies in the Chilean economy and the flows of Korean capital into Chile,” Chilean Ambassador Mathias Francke told The Korea Herald at the E

HONG KONG, Sept. 27, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Shenhai-1 Phase II Natural Gas Development Project has commenced production. The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 meters. The main production facilities include a new fixed production platform and 3 centralized subsea wellheads, with 12

GUANGZHOU, China, Sept. 27, 2024 /PRNewswire/ -- On September 25th, the Food2China Expo® 2024 & the Guangzhou International Food and Ingredients Exhibition (GlFlF), alongside Wine to China Expo, Guangzhou (Jiangnan) International Fruit and Vegetable Industry Expo 2024 kicked off in Area B of the China Import and Export Fair Complex, Guangzhou. Organized by the China Commerce Development Center (CCDC), the China Council for the Promotion of International Trade Guangzhou Committee, the G

NEW YORK, Sept. 26, 2024 /PRNewswire/ -- Highlighting that Nationally Determined Contributions (NDCs) should be seen as an opportunity to deliver socioeconomic growth, COP28 President Dr. Sultan Al Jaber today called on Parties to issue a third round of NDCs that "meet the urgency of the moment" and represent a "comprehensive response plan" to the UAE Consensus. Parties should view their NDCs "not as a burden but as platforms for new streams of growth, green jobs and a

Co-locating 2nd Petrochemicals Sustainability Conference 26-27 Sept KUALA LUMPUR, Malaysia, Sept. 26, 2024 /PRNewswire/ -- Oil and Gas Asia (OGA) the largest industry event in Southeast Asia, opened its 20th edition on Wednesday to accelerate the global push towards decarbonising energy for a sustainable and resilient future. Reinforcing its role as a regional trade platform and long-established connections with key industry players, OGA is back at the Kuala Lumpur Convention Centre from Sep

BREBES, Indonesia, Sept. 25, 2024 /PRNewswire/ -- TotalEnergies ENEOS has successfully completed the installation of a 2.5 megawatt-peak (MWp) solar rooftop system for Indonesia's leading shoe manufacturer and partner of globally renowned sportwear brand, PT Bintang Indokarya Gemilang. TotalEnergies ENEOS Completes Solar Rooftop Project with Indonesia’s Leading Shoe Manufacturer, PT Bintang Indokarya Gemilang As part of this long-term partnership, TotalEnergies EN

Could our unshakeable addiction to plastics be broken? That’s certainly the hope of activists. The US -- birthplace of the modern polymers industry, and the biggest producer of its key feedstocks, oil and gas -- has joined a bloc supporting a worldwide treaty capping plastics production. That could make a United Nations meeting in South Korea in November into a turning point in the material culture of humanity. The harder challenge will be ensuring that an agreement is workable. Whichever

In the wake of the artificial intelligence boom, Korean tech giants are seen swiftly expanding their foothold in the Middle East, where countries are turning their eyes to AI as a hedge to diversify their oil-centric economies. On Monday, the Wall Street Journal reported that the world’s leading chipmakers, Samsung Electronics and Taiwan Semiconductor Manufacturing Co., were reviewing the notion of building new semiconductor manufacturing facilities in the United Arab Emirates in the comin