South Korea’s exports of foodstuffs rose 9.2 percent on-year in the first seven months of 2024, data showed, led by sharp growth in instant noodle and processed rice products. Outbound shipments of food products came to $5.67 billion over the January-July period, compared with $5.18 billion tallied a year earlier, according to the Ministry of Agriculture, Food and Rural Affairs. By product, exports of instant noodles jumped 34 percent over the period to hit $699 million, with those of sn

South Korean shares opened slightly higher Monday amid growing hopes for a US rate cut. The benchmark Korea Composite Stock Price Index (Kospi) added 2.85 points, or 0.11 percent, to 2,704.54 in the first 15 minutes of trading. The increase follows sharp gains on Wall Street, prompted by remarks from US Federal Reserve Chair Jerome Powell that hinted at the start of US rate cuts in the near future. The Dow Jones Indu...

A South Korean export delegation arrived in Vietnam on Monday for a weeklong trip aimed at promoting high-quality Korean agricultural products and facilitating their entry into the Vietnamese market. Led by officials from the Ministry of Agriculture, Food and Rural Affairs, the delegation includes a diverse range of exporters, such as manufacturers of fertilizers, eco-friendly agricultural chemicals, agricultural equipment, animal feed and machinery. Since 2018, the ministry has consistently s

South Korean shares closed slightly lower for the second straight day on Monday as investors sought to cash in on recent gains after Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month. The local currency rose to its highest level in over five months against the US dollar. The benchmark Korea Composite Stock Price Index lost 3.68 points, or 0.14 percent, to close at 2,698.01. Trade volume was moderate at 329 million shares worth 8.97 trillion won ($6.77 billion), with l

South Korean stocks opened lower Friday after three consecutive sessions of gains as investors cashed in profits ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium. The benchmark Korea Composite Stock Price Index fell 10.91 points, or 0.4 percent, to 2,696.76 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.43 percent lower, with the S&...

South Korean stocks ended slightly lower Friday, snapping three consecutive sessions of gains, as investors sat on the sidelines ahead of Federal Reserve Chair Jerome Powell speech later in the day. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Indexfell 5.98 points, or 0.22 percent, to close at 2,701.69. Trade volume was moderate at 324 million shares worth 8.1 trillion won ($6.05 billion), with gainers outnumbering losers 429 to 428. Foreigners sold a

South Korean stocks opened higher Thursday after the minutes from the Federal Reserve's rate policy meeting showed that the "vast majority" of its policymakers support a rate cut next month. The benchmark Korea Composite Stock Price Index added 7.53 points, or 0.28 percent, to 2,708.66 in the first 15 minutes of trading. Overnight, the Fed released the minutes of the FOMC meeting on July 30-31, which s...

South Korean stocks ended slightly higher on Thursday, extending their winning streak to a third day as investors await more clues over the US rate policy direction amid the Bank of Korea's rate freeze. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 6.54 points, or 0.24 percent, to close at 2,707.67. Trade volume was moderate at 434 million shares worth 8.83 trillion won ($6.61 billion), with losers outnumbering gainers 597 to 283. For

South Korean stocks ended higher for the second straight session Wednesday as they waited for US payroll data and more clues over the US rate policy direction from this week's Jackson Hole symposium. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) added 4.5 points, or 0.17 percent, to close at 2,701.13. Trade volume was moderate at 406 million shares worth 9...

South Korean stocks opened lower Wednesday, tracking overnight losses on Wall Street ahead of the Jackson Hole meeting later this week. The benchmark Korea Composite Stock Price Index (Kospi) dropped 5.28 points, or 0.2 percent, to 2,691.35 in the first 15 minutes of trading. Overnight, major US indexes lost ground to take a breather from a recent rally, with AI chip giant Nvidia down more than 2 percent. Investors