Business & Finance

Seoul shares open higher on tech gains

An electronic board showing the Korea Composite Stock Price Index (Kospi) at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap) South Korean stocks opened higher Thursday despite overnight US losses, on the back of solid gains in big-cap tech shares. The benchmark Korea Composite Stock …

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Heads of Samsung, SoftBank meet in Seoul

Samsung Electronics Vice Chairman Lee Jae-yong is seen entering a district court in Seoul over his alleged involvement in a 2015 merger of Samsung’s key affiliates on Thursday. (Yonhap) Samsung Electronics Vice Chairman Lee Jae-yong and SoftBank founder Masayoshi Son held talks on Tuesday over ways for a strategic alliance …

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Sales of instant noodles surge to W1.3tr

A promotional image of Nongshim’s flagship instant noodle products (Nongshim)   As time spent at home increased during the coronavirus pandemic, domestic sales of Korean instant noodles surged to 1.3 trillion won ($917 million) as of August, data showed Wednesday. According to data from market tracker Nielsen IQ Korea, combined …

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