Seoul shares trim earlier gains in late morning trading

SEOUL, Aug. 22 (Yonhap) — South Korean shares trimmed earlier gains late Monday morning as foreigners sold off more shares. The won rose against the dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 7.10 points, or 0.30 percent Source: Money

Samsung to promote 'The Frame' TVs during showcase of flagship

SEOUL, Aug. 22 (Yonhap) — Samsung Electronics Co. said Tuesday it will promote “The Frame” TVs during the showcase event for its presumed Galaxy Note 8 slated for later this week. The South Korean tech giant, which plans to unveil its new phablet Source: Money

Samsung to apply smart features to all home appliances by 2020

SEOUL, Aug. 22 (Yonhap) — Samsung Electronics Co. said Tuesday it plans to apply smart features, such as Internet-of-Things (IoT) and voice recognition, to all of its home appliances lineup by 2020. The South Korean tech giant said it has been mak Source: Money

Doosan Heavy sliding on free-nuclear policy

SEOUL, Aug. 22 (Yonhap) — Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, traded at a yearly low on Tuesday on concerns that it would suffer from the new government’s policy against nuclear power and thermal power Source: Money

S. Korea, U.S. begin talks on possible FTA amendment

SEOUL, Aug. 22 (Yonhap) — South Korea and the United States began talks on Tuesday to discuss possible revisions to their bilateral free trade agreement that Washington says is to blame for a trade deficit with Seoul. Trade Minister Kim Hyun-chong Source: Money

S. Korea's consumer sentiment hits 22-year high: survey

SEOUL, Aug. 22 (Yonhap) — South Korea’s consumer confidence has hit a 22-year high for the second half of the year on expectations for the country’s newly inaugurated government, a survey showed Tuesday. South Korea’s overall consumer confidence f Source: Money

LG releases more teasers for V30

SEOUL, Aug. 22 (Yonhap) — LG Electronics Inc. introduced two 15-second ads for its flagship V30 smartphone slated to be showcased later this month, which apparently targeted Samsung Electronics Co.’s upcoming Note smartphone, industry watchers said Tu Source: Money

Sales of heating products surge ahead of fall

SEOUL, Aug. 22 (Yonhap) — Online sales of heating items soared last week as the summer season is coming to an end and people prepare for cooler weather, industry data showed Tuesday. According to the data compiled by Gmarket, a major online shopp Source: Money

Kakao Taxi dominates cab-hailing app

SEOUL, Aug. 22 (Yonhap) — Kakao Taxi is the most popular cab-hailing app in South Korea, dominating 98 percent of the market, while the food delivery app sector is fiercely contested by two rivals, according to a survey on Tuesday. Market analysis Source: Money

Stocks open higher on U.S. gains

SEOUL, Aug. 22 (Yonhap) — South Korean stocks opened higher Tuesday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) rose 12.22 points, or 0.52 percent, to 2,367.22 in the first 15 minutes of tradin Source: Money