Seoul stocks finished marginally higher Thursday on overnight US stock gains amid a decline in international oil prices. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index edged up 0.19 percent, or 4.8 points, to 2,599.16. Trading volume was heavy at 603 million shares worth 13.48 trillion won ($9.99 billion), with gainers outpacing losers at 442 to 423. Institutions sold a net 299.6 billion won, while foreign and retail investors together bought a net

Seoul stocks opened higher Thursday thanks to overnight US stocks gains led by a decline in international oil prices and a rise in local tech stocks. The benchmark Korea Composite Stock Price Index rose 0.46 percent, or 11.90 points, to 2,606.26 in the first 15 minutes of trading. Overnight, US stocks extended their gains thanks to a decline in global oil prices and gains in tech stocks. The Dow Jones Industrial Average rose 1.03 percent, the S&P 500 gained 0.71 percent, and the tech-heavy N

South Korea maintains a current account surplus, driven by robust exports, but the surplus is declining. The country racked up a current account surplus of $6.6 billion in August, according to data compiled by the Bank of Korea on Tuesday. It was the fourth consecutive month in the black. But the August surplus was nearly $2.4 billion smaller than the July surplus ($8.97 billion) and about half of the June figure ($12.56 billion). The central bank expected the current account surplus to continue

이번 회에는 저희 책 Advanced Vocab에서 소개한 중상급 영단어들을 알려드립니다. 단어의 우리말 뜻을 기억하는 데에 그치지 않고, 난이도 있는 단어를 실제로 활용하는 단계까지 나아가 보기 바랍니다. 〈군집, 모임〉 1. gravitate [ɡrǽvətèit] 인력에 의해 끌리다 ‘중력’을 뜻하는 gravity는 ‘무거운’, ‘심각한’이라는 뜻을 지닌 grave와 어원이 같다. gravitate는 중력에 끌리듯 어떤 것에 마음이 이끌리는 것을 표현하는 단어다. People, like bees drawn to honey, gravitate towards the new and unusual. 사람들은 마치 벌들이 꿀에 이끌리듯 새롭고 평범하지 않은 것에 끌린다. ● 사내아이들은 자연스레 자동차에 끌리고 여자아이들은 인형에 끌린다. Boys naturally gravitate t

Seoul stocks finished lower Tuesday due to weaker-than-expected earnings results by Samsung Electronics and overnight US stock losses. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 0.61 percent, or 16.02 points, to 2,594.36. Trading volume was moderate at 313 million shares worth 8.98 trillion won ($6.65 billion), with losers outpacing gainers at 569 to 305. Institutions and foreign investors together sold a net 72 billion won, while retai

HONG KONG, Oct. 8, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-2 Oilfield Development Project has commenced production. The project is located in central Bohai Bay, with an average water depth of about 20 meters. The main production facilities include a new central processing platform and 4 new unmanned wellhead platforms. A total of 59 development wells are planned to b

Seoul stocks opened lower Tuesday following weaker-than-expected tentative earnings results from Samsung Electronics and overnight US stock losses. The benchmark Korea Composite Stock Price Index dropped 0.55 percent, or 14.28 points, to 2,596.10 in the first 15 minutes of trading. Ahead of the trading session, Samsung Electronics estimated its third-quarter operating profit to reach 9.1 trillion won, apparently failing to meet market expectations due to the lukewarm performance of its flagship

Asiana Airlines Inc. announced Sunday it will increase fees for excess baggage on its international flights starting Jan. 2, 2025. Those fees apply to baggage in excess of the airline's free allowance. Fees for baggage exceeding the quantity limit will go up by as much as 40,000 won ($29.66) depending on routes, Asiana said. For short-haul routes within 90 minutes from Korea, the excess baggage fee will rise from 60,000 won per piece to 90,000 won. For flights to Europe, Africa and Oceania,

ADDISON, Texas, Oct. 4, 2024 /PRNewswire/ -- Authentix, the authority in authentication and information services, announces an important milestone as the global market leader in covert fuel marking for 25 years running by marking over 3 trillion liters of fuel and today provides marking for over 20 unique sector programs with 150 billion liters of fuel treated annually. Since 1999, Authentix has remained the leading provider of covert fuel marking delivering proprietary technologies, se

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