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Shares surge almost 4 per cent in Seoul

Shares finished almost 4 per cent higher Friday on the Seoul stock exchange as South Korea's central bank cut interest rates. The local currency edged up against the dollar.

South Korean central bank lowers interest rate to 4 per cent

South Korea's central bank Friday lowered its key interest rate for the third time in less than a month, saying the cut was made necessary by a persisting domestic economic slowdown.

Obama wants to strengthen alliance with South Korea

US president-elect Barack Obama vowed to closely cooperate with South Korea on achieving the nuclear disarmament of communist North Korea, the presidential office in Seoul said Friday.

Korean commits suicide after gambling away fortune in Cambodia

A South Korean man committed suicide in a Cambodian hotel after gambling away his fortune in the country's casinos, media reports said Friday.

Shares fall sharply in Seoul

Shares crashed Thursday on the Seoul stock exchange after recent gains
on renewed worries over a global economic recession. South Korea's won
slid sharply against the dollar.

Shares surge 2.4 per cent in Seoul

Shares surged for the fifth-straight trading day Wednesday on the Seoul stock exchange on gains in the US market. South Korea's won also rose against the dollar.

Shares rise more than 2 per cent in Seoul

Shares surged more than 2 per cent Tuesday on the Seoul stock exchange led by construction and bank stocks that are expected to benefit from recent government measures to stimulate the economy.

Shares rise over 2 per cent in Seoul

Shares surged more than 2 per cent Tuesday on the Seoul stock exchange led by construction and bank stocks that are expected to benefit from recent government measures to stimulate the economy.

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