August 1, 2024

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Gov’t mulls additional financial support over Qoo10 incident

Finance Minister Choi Sang-mok vowed Thursday to seek measures to extend additional financial support for vendors and customers hit by payment delays on e-commerce platforms of TMON and WeMakePrice, if needed.

Choi made the remarks during a macroecon…

(LEAD) Exports extend gains to 10th straight month in July

South Korea’s exports extended on-year gains to the tenth straight month in July on the back of the robust performance of semiconductors, data showed Thursday.

Outbound shipments rose 13.9 percent on-year to US$57.4 billion last month, according to t…

BTS’ Jimin to release English version of ‘Be Mine’

Jimin, a member of the popular K-pop group BTS, will release the English version of “Be Mine,” a track from his second solo album, “Muse,” on Friday, BigHit Music said Thursday.

“Be Mine” is an Afrobeat song with a captivating sound and rhythm, featu…

Presidential office holds meeting to discuss Middle East tensions

The presidential office said Thursday it held a meeting to discuss the impact of rising tensions in the Middle East on the domestic economy and security.

The meeting was led by National Security Adviser Chang Ho-jin and Sung Tae-yoon, the presidentia…

SK Innovation remains in red in Q2

SK Innovation Co. on Thursday reported its second-quarter net loss of 639.7 billion won (US$467.4 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 45.8 bil…

Fire erupts from electric vehicle after explosion in Incheon

A electric vehicle caught fire at an underground parking lot in Incheon, just west of Seoul, for unknown reasons before firefighters got the flames under control nearly five hours later, officials said Thursday.

The blaze appears to have started at 6…

Seoul stocks open higher on dovish Fed

South Korean stocks started higher Thursday, driven by the U.S. Federal Reserve’s rate-cut signals.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 18.65 points, or 0.67 percent, to 2,789.34 in the first 15 minutes of trading.

At its …