Category: Production

Seoul shares open higher amid U.S. rate pause outlook

South Korean stocks opened higher Thursday, tracking overnight gains on Wall Street, as the latest U.S. data bolstered bets that the U.S. Federal Reserve may pause the interest rate hike in the next policy meeting.The benchmark Korea Composite Stock P…

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Industrial output down 0.7 pct in July

South Korea’s industrial output fell 0.7 percent in July from a month earlier amid an economic slowdown, data showed Thursday.The decrease came after the output remained unchanged on-month in June, according to the data from Statistics Korea.Retail sa…

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Tobesoft to raise 10 bln won via stock offering

Tobesoft Co.on Monday announced that it will sell stock to raise 10 billion won (US$7.6 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will issue some 10.94 millio…

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