Around the World's Markets: Seoul

Wednesday 30 September 1998 00:02 BST

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BANKS LED a 2.2 per cent rise in the benchmark Kospi index to 312.33, as banking employees called off their strike after management agreed to scale back layoffs, sparing the banking system from chaos during South Korea's busiest holiday season

Exports kept falling in August, and factories were running at their lowest capacity rates on record. Hyundai, Daewoo, Samsung Motors, General Motors and Ford were invited to tender for Kia Motors in a third attempt to auction off the ailing car maker.

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