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Yoon, New Zealand PM to hold summit in Seoul next week

President Yoon Suk Yeol will have a summit with New Zealand Prime Minister Christopher Luxon in Seoul next week to discuss bilateral and regional issues, Yoon’s office said Monday.

Luxon will make an official visit to South Korea from Sept. 4-5, dur…

Insurance firms’ lending falls in H1

Loans extended by insurance firms in South Korea dropped in the first half of the year amid a slight rise in their loan default rate, data showed Monday.

Outstanding loans extended by insurance companies here came to 266.4 trillion won (US$200.4 bil…

Seoul shares open higher on U.S. rate cut hopes

South Korean shares opened slightly higher Monday amid growing hopes for a U.S. rate cut.

The benchmark Korea Composite Stock Price Index (KOSPI) added 2.85 points, or 0.11 percent, to 2,704.54 in the first 15 minutes of trading.

The increase follo…

Yoon to meet ruling party leadership this week

President Yoon Suk Yeol will host a dinner meeting with the leadership of the ruling People Power Party (PPP) later this week, party officials said Monday.

PPP leader Han Dong-hoon, floor leader Choo Kyung-ho, five Supreme Council members and the pa…

Seoul stocks down late Mon. morning on profit-taking

South Korean shares traded a tad lower late Monday morning as investors sought to cash in gains amid U.S. rate cut hopes.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.49 points, or 0.13 percent, to 2,698.20 as of 11:20 a.m.

The in…