South Korea

Shares close higher in Seoul

Shares close higher in SeoulSeoul - Shares closed slightly higher Thursday on the Seoul stock exchange as central banks around the world, including South Korea's, cut interest rates.

The benchmark Kospi index edged up 8.2 points, or 0.6 per cent, to close at 1,294.89.

Advancing issues outnumbered losers 414 to 406.

The main index of the technology-heavy Kosdaq market declined 1.63 points to 369.84.

Global forum in South Korea aims to accelerate green-energy use

Gyongju, South Korea - More than 1,000 experts, business leaders and scholars from 20 nations gathered Thursday in an eastern South Korean city to draw up strategies on how to accelerate the development of ecologically friendly energy sources.

The three-day World Global Energy Forum opened amid growing concerns about climate change and the threat it poses to people, especially those living at or near sea level.

India's RK Pachauri, chairman of the UN's Nobel Peace Prize-winning climate-change panel, warned that global warming would raise average sea levels.

South Korea opens museum honouring video art pioneer Nam June Paik

Two suicides spark copycat fears after Korean actress's deathSeoul - More than two years after the artist's death South Korea Wednesday opened a museum to honour media and video artist Nam June Paik.

Shares rise slightly in Seoul - South Korea's won continues to fall

Seoul - Shares rise slightly in Seoul - South Korea's won continues to fall Shares were up slightly Tuesday on the Seoul stock exchange after recent losses, on hopes that exporting companies could benefit from the steep decline of the local currency, as the won continued its freefall against the dollar, closing at its lowest level in more than six years.

The benchmark Kospi index rose 7.35 points, or 0.5 per cent, to close at 1,366.10. Advancing issues outpaced decliners 526 to 281.

The main index of the technology-heavy Kosdaq market slipped 4.44 points to 401.95.

South Korean leader seeks economic summit with Japan, China

Seoul  - South Korean President Lee Myung Bak proposed a three-nation financial summit this month with Japan and China to try to limit the effects of the global financial crisis, a ruling party spokesman said Monday.

Lee would like the meeting to take place at the Asia-Europe Summit, which is to be held October 24-25 in Beijing, the Grand National Party spokesman said after talks with Lee and party chairman Park Hee Tae in Seoul.

Lee said the three neighbours working together could deal with the crisis because East Asia is the largest holder of currency reserves in the world.

Shares fall sharply in Seoul

Shares fall sharply in SeoulSeoul  - Shares nosedived Monday on the Seoul stock exchange, sending the benchmark Kospi Index down more than 4 per cent, as worries over the global financial crisis persist despite a US bailout plan.

The Kospi plunged 60.90 points, or 4.3 per cent, to close at 1,358.75.

Declining issues outnumbered advancers 775 to 79.

The main index of the technology-heavy Kosdaq market declined 25.71 points to 406.39.

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