South Korean shares closed lower Tuesday to extend their losing streak to a third day, taking a cue from overnight losses on Wall Street. The local currency fell against the U.S. dollar.

The benchmark

South Korean shares traded weaker late Tuesday morning in line with an overnight tech slide on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 14.51 points, or 0.54 percent, to 2,683.50

Republican presidential candidate Donald Trump on Monday called on member countries of the North Atlantic Treaty Organization (NATO) to spend at least 3 percent of their gross domestic product (GDP) on their defense, calling

The defense ministry on Tuesday requested a 3.6 percent increase in defense spending next year to bolster capabilities to respond to evolving North Korean military threats.

Earlier in the day, the Cabinet endorsed the

President Yoon Suk Yeol pledged on Tuesday to uphold fiscal soundness in the 2025 budget proposal while prioritizing the welfare of vulnerable groups and fostering economic growth.

Yoon presided over a Cabinet meeting to