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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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Seoul blanketed by heaviest Nov. snow, with more expected
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Seoul snowfall now third heaviest on record
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Samsung shakes up management, commits to reviving chip business
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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How $70 funeral wreaths became symbol of protest in S. Korea
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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BOK makes surprise 2nd rate cut to boost growth
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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11 injured in 53-car pileup on icy road in Wonju
South Korean stocks started lower Thursday due to a sharp decline in carmakers and shipbuilders.
The benchmark Korea Composite Stock Price Index lost 6.87 points, or 0.33 percent, to 2,045.90 in the first 15 minutes of trading.
Carmakers traded bearish, with Hyundai Motor falling 0.6 percent and its smaller affiliate Kia Motors remaining unchanged. Top auto parts maker Hyundai Mobis shed 0.4 percent.
Shipbuilders were also among losers, with Hyundai Heavy Industries decreasing 1.58 percent and Samsung Heavy Industries plunging 2.55 percent. Daewoo Shipbuilding & Marine Engineering lost 2.64 percent.
The local currency was trading at 1,138.00 won against the U.S. dollar as of 9:15 a.m., down 6 won from Wednesday's close. (Yonhap)
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