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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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Korea’s homegrown nanosatellite successfully launches into space
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
![[Pressure points] Leggings in public: Fashion statement or social faux pas?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050669_0.jpg&u=)
South Korean shares opened sharply lower Monday amid renewed fears over the new coronavirus prompted by a spike in the number of new cases over the weekend.
The benchmark Korea Composite Stock Price Index (KOSPI) plunged 31.70 points, or 1.49 percent, to 2,102.95 in the first 15 minutes of trading.
The drop is largely attributed to the resurgence in new COVID-19 cases.
South Korea added 62 new cases on Sunday, including 40 local infections, raising the total caseload to 12,715.
The tally marked the highest since June 20 when the country reported 67 new cases. It also marked a slight increase from 51 new cases reported Saturday.
Most large caps traded lower.
Market bellwether Samsung Electronics lost 1.50 percent, while No. 2 chipmaker SK hynix dipped 0.95 percent.
Top pharmaceutical firm Samsung BioLogics retreated 1.60 percent, with leading chemical maker LG Chem tumbling 1.80 percent.
The local currency was trading at 1,203.90 won against the US dollar, down 3.30 won from the previous session's close. (Yonhap)
