South Korean stocks closed slightly higher Thursday after U.S. Fed Chairman Jerome Powell hinted at a possible rate cut this year, while acknowledging economic uncertainties still remain. The local currency gained against the U.S. dollar.
The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said
South Korea’s industry ministry said Thursday it plans to pursue a comprehensive agreement on trade and investment with Sweden, and seek closer economic ties in the energy and biotechnology sectors.
The two countries shared a
Major South Korean builder Lotte Engineering and Construction Co. (Lotte E and C) said Thursday it has completed the creation of a 2.3 trillion-won (US$1.73 billion) project financing (PF) fund, which will help cut its
Reps. Hong Young-pyo and Sul Hoon said Thursday they will join a new party led by former Prime Minister Lee Nak-yon after leaving the main opposition Democratic Party (DP) in protest of their elimination from