Day: August 22, 2024

Seoul shares open higher on hopes for rate cut by Fed

South Korean stocks opened higher Thursday after the minutes from the Federal Reserve’s rate policy meeting showed that the “vast majority” of its policymakers support a rate cut next month.

The benchmark Korea Composite Stock Price Index (KOSPI) ad…

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LS Cable’s unit wins cable supply deal in Vietnam

LS Cable and System Ltd., South Korea’s biggest cable company, said Thursday its unit has received an extra-high voltage cable supply deal in Vietnam.

LS Eco Energy will supply the high voltage cables to Vietnam Electricity (EVN), the Southeast As…

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(LEAD) 5 killed, 10 injured in hotel fire in Bucheon

Five people were killed and 10 others injured following a fire at a hotel in Bucheon, just west of Seoul, on Thursday, the firefighting authorities said.

According to the Gyeonggi Province firefighting headquarters, the fire began on the eighth floo…

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(EDITORIAL from Korea Herald on Aug. 22)

In March, South Korean consumers were taken aback at sky-high apple prices. Apples, popular among Koreans, topped the list of fruit the prices of which had surged from a year earlier. Apple prices had risen 88.2 percent, the steepest since 1980 when …

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