Seoul shares closed lower Friday, snapping a four-day winning streak, with no major guidance in the markets due to the Thanksgiving holiday in the United States. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index was down 18.33 points, or 0.73 percent, to close at 2,496.63. Trade volume was slim at 352.2 million shares worth 6.38 trillion won ($4.9 billion), with gainers outnum.
SynopsisSeo Gang-hyun, previously Hyundai Motor's CFO, has been promoted to CEO of Hyundai Steel. Recognized for his financial acumen and setting profit records
Seoul shares closed higher Thursday, helped by foreign buying, while investors remain concerned about the Federal Reserve's future policy path. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index was up 3.26 points, or 0.13 percent, to close at 2,514.96. Trade volume was slim at 353.45 million shares worth 6.43 trillion won ($5 billion), with decliners outnumbering gainers .
South Korean steelmaker Hyundai Steel has launched a new environmental campaign with the slogan, "A future drawn by steel," as part of its commitment to ESG management, the company said Tuesday. The campaign slogan plays on the meaning of the word "green," which is pronounced '"geurin" in Korean. In Korean, "geurin" means "drawn." This initiative seeks to raise p.