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Seoul shares open higher ahead of U.S. jobs data

Seoul shares opened higher Friday as investors await U.S. jobs data this week for clues on the Federal Reserve’s future policy path.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 15.66 points, or 0.55 percent, to 2,840.60 in the fir…

KOGAS to raise gas price for households by 6.8 pct from August

State-run Korea Gas Corp. (KOGAS) said Friday it has decided to raise its utility bill for households by 6.8 percent to address growing global energy costs and mounting financial losses.

Under the decision, the cost of gas supplied to households wil…

FDI pledges to S. Korea down 10.4 pct in H1

Foreign direct investment (FDI) pledges to South Korea fell 10.4 percent on-year in the first six months of this year amid economic uncertainties, data showed Friday.

The country received US$15.34 billion in FDI commitments in the January-June perio…