The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m.Term Today (%) Previous Session (%)1-W 3.50 3.501-M 3.60 3.602-M 3.69 3.683-M 3.76 3.766-M 3.81 3.8112-…

Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday it is in talks with the South Korean government to manufacture electric vehicles (EVs) at its sole Busan plant amid carmakers’ accelerating electrification push.Busan Mayor Par…

South Korean stocks traded up late Thursday morning as investors digested the U.S. Federal Reserve chairman’s hawkish congressional testimony.The benchmark Korea Composite Stock Price Index (KOSPI) had risen 9.57 points, or 0.37 percent, to 2,592.2 as…

Kia Corp., South Korea’s second-biggest carmaker, said Sunday it will launch its all-electric EV9 flagship SUV in the domestic market this week as part of its electrification efforts.The three-row seater is Kia’s second model equipped with Hyundai Mot…

South Korea’s antitrust regulator said Sunday it has decided to slap a fine of 265 million won (US$208,000) on General Motor’s Asian distributor and correct its unfair business practice of forcing its dealers to share the burden of marketing costs.The…

South Korea has again been placed on a list of countries to be closely monitored by the United States in terms of their foreign exchange policies, along with six other nations, the U.S. Department of Treasury has said.Asia’s No. 4 economy has been pla…