Seoul shares open lower on strong U.S. data

SEOUL, 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 (KOSPI) fell 10.12 points, or 0.4 percent, to …

Hyundai Motor Group becomes largest shareholder of KT Corp.

SEOUL, Hyundai Motor Group has become the largest shareholder of a leading mobile carrier, KT Corp., the communications service provider said Tuesday in a regulatory filing.

Hyundai’s status as the largest shareholder, however, requires approval fro…

(EDITORIAL from Korea JoongAng Daily on April 2)

On Monday, President Yoon Suk Yeol solemnly read a prepared script on his administration’s medical reform crusade to increase the enrollment quota for medical schools. In the 51-minute speech, President Yoon allotted most of the time to explaining th…

(EDITORIAL from Korea Times on April 2)

It is deplorable that Russia exercised its veto power as a member of the United Nations Security Council to disband a U.N. panel tasked with monitoring sanctions aimed at preventing potential North Korean nuclear development activities. The panel wil…