Seoul shares closed higher Tuesday to extend their winning streak to a third day on strong gains in techs amid speculation that strong US data may prod the Federal Reserve to push back its rate-cut timetable. The Korean won tumbled to the lowest in over five months to the US dollar. The benchmark Korea Composite Stock Price Index rose 5.30 points, or 0.19 percent, to close at 2,753.16. Trade volume was heavy at 618.07 million shares worth 12.9 trillion won ($9.5 billion), with decliners outpacin

Seoul shares opened lower Tuesday on speculation that stronger than expected data may prod the Federal Reserve to push back its rate-cut timetable. The benchmark Korea Composite Stock Price Index fell 10.12 points, or 0.4 percent, to 2,737.74 in the first 15 minutes of trading. The Institute for Supply Management's manufacturing purchasing managers' index released overnight stayed at 50.3 last month, the highest since September 2022 despite a prolonged tightening mode by the Fed. The F

Seoul shares closed higher Monday as US inflation data was in line with market expectations raising hopes that the Federal Reserve may start cutting rates in June at the earliest. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 1.23 points, or 0.04 percent, to close at 2,747.86. Trade volume was slim at 391.77 million shares worth 9.9 trillion won ($7.3 billion), with gainers outpacing losers 573 to 295. Institutions and foreigners bought a combine

Korean Air hosted a surprise event at New York's John F. Kennedy International Airport on Friday, to celebrate the 45th anniversary of operating flights to the city, the nation’s largest air carrier said Monday. At the event, a round-trip prestige ticket from Incheon to New York was awarded to the 45th passenger of Korean Air flight KE082 bound for Incheon. Korean Air also gave out welcome eco-bags to all passengers aboard KE082, which were crafted in collaboration with the Korean Ass

Seoul shares opened higher Monday as the US Federal Reserve is expected to await more evidence that inflation is under control before cutting rates this year. The benchmark Korea Composite Stock Price Index rose 8.11 points, or 0.3 percent, to 2,754.74 in the first 15 minutes of trading. Fresh inflation data released Friday was in line with the US central bank's expectations. Fed Chair Jerome Powell said it would not be appropriate to cut rates until officials are sure inflation is on track

The 2024 Asia’s 50 Best Restaurants list has revealed the top 50 selected restaurants in Asia, with four restaurants in Seoul among the rankings. Japan’s neo-French style restaurant Sezanne, helmed by British-born chef Daniel Calvert, was announced as the top winner at an awards ceremony held at the Grand InterContinental Seoul Parnas on Tuesday evening. The ceremony marked the finale to the gastronomic summit that kicked off this year’s edition in Seoul on Saturday, gathering

Tokyo's Sézanne climbs to the top spot to be awarded The Best Restaurant in Asia, sponsored by S.Pellegrino & Acqua Panna Singapore leads the rankings with nine entries, and welcomes newcomers Seroja (No.31), also the winner of the Highest New Entry Award 2024, sponsored by Nongshim, and Lolla (No.43) Moving up an impressive 32 spots is Wing (No.5) in Hong Kong, which takes the Highest Climber Award, sponsored by Korean Air Nusara (No.6) is this year's G

The Tajikistan embassy in Seoul highlighted the core of peace, tolerance and new beginnings marking Navruz on Monday. Navruz means "New Day," symbolizing the rejuvenation of nature and the start of a new year. The festival is celebrated on the first day of spring, typically on March 21, coinciding with the astronomical vernal equinox. The festival is said to have a historic tradition of thousands of years in regions along the Silk Roads, including the Balkans, the Black Sea Basin, the

Hyundai Motor Group said Monday that it has joined hands with Red Sea Global to implement eco-friendly future mobility to Saudi Arabia’s development project to open luxurious and pro-nature tourism resorts along the west coast of the Middle Eastern country. According to the announcement, the representatives of the Korean automaker and the Saudi Arabian megaproject signed a memorandum of understanding in Riyadh on Sunday. Red Sea Global, which is entirely owned by the Public Investment Fund

Double Win in "Urban Air Mobility Cabin Concept" and "Future Mobility Concept Seat" First in the Domestic Automotive Parts Industry to Set Direction for UAM Space, Proving Global Design Competence HANOVER, Germany and SEOUL, South Korea, March 25, 2024 /PRNewswire/ -- HYUNDAI TRANSYS, a leading company in future mobility, has won two awards at the "iF Design Award 2024" in Germany, one of the most prestigious international design competitions. Urban

A bullet has been recovered from inside a Korean Air plane that was bound for Milan at Incheon Airport, according to airport police on Sunday. According to the Incheon Airport Police Corps, a staff member who was cleaning the inside of flight KE0927 at around 11:20 a.m. on Sunday found a 9-millimeter bullet for a hunting gun underneath a passenger seat. The aircraft had been scheduled to head for the Italian city at 12:10 p.m. Airport police conducted a thorough search inside the airplane but di

Korean Air Chair and CEO Walter Cho secured his position as a board member of the national flag carrier and pledged to steer the company toward successful integration with Asiana Airlines this year, marking a leap toward establishing a megacarrier. Cho received an 85 percent endorsement from participating shareholders during their annual meeting on Thursday. "Despite the prolonged timeline, the merger between Korean Air and Asiana Airlines will be a substantial driver of long-term growth,

One of South Korea’s iconic cherry blossom festivals, opened Saturday in Changwon, South Gyeongsang Province, but the cherry blossoms were still days away from coming into full bloom. According to a Changwon City official, the city moved up the opening date for its cherry blossom festival, Jinhae Gunhangje Festival, believing the mild winter might cause flowers to bloom early. But, the lack of sunny days and a cold snap in early March deterred the cherry blossoms from flowering. The town&#

The South Korean government on Friday greenlit the initial mass production plan for KF-21 fighter jets on Friday, totaling 40 units, but with signing contracts set for the production of only 20 units this year. The Defense Acquisition Program Administration emphasized the necessity of producing 40 KF-21 fighter jets, citing what it said was an urgent need to address the military capability shortfall resulting from the retirement of outdated F-4 and F-5 aircraft. "This project is anticipated

South Korean actors Im Soo-hyang and Ji Hyun-woo said with the help of veteran director and screenwriter, they are ready to embody their intriguing roles in the new KBS weekend drama series, "Beauty and Romantic," set to premiere Saturday. "Beauty and Romantic" is a 50-part series that tells the story of a top celebrity (played by Im Soo-hyang), who experiences a decline in popularity and a drama series producer (played by Ji Hyun-woo), who falls in love with her. The drama s