Most Popular
-
1
Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
-
2
Seoul bus drivers go on general strike, cause morning rush hour delays
-
3
Official campaigning kicks off for April 10 elections
-
4
Dialogue hopes fade as doctors pick hard-liner as new head
-
5
Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
-
6
[Election Battlefield] Political novice to face off star politician in ‘swing district’
-
7
Korea enters full election mode
-
8
[Kim Seong-kon] The April 2024 election will decide our future
-
9
Seoul’s bus union prepares for strike
-
10
[Hello India] Corporate Korea sees new growth drivers in India
-
Korean stocks down late Wednesday morning
South Korean stocks traded lower late Wednesday morning on overnight losses from Wall Street coupled with the rising concern over North Korean provocations.The benchmark Korea Composite Stock Price Index shed 6.99 points, or 0.3 percent, to 2,319.63 as of 11:20 a.m.Carmakers lost ground, with Hyundai Motor Co. falling 2.17 percent and its sister Kia Motors moving down 3.81 percent. Hyundai Mobis, the country's largest car parts producer, shed 2.1 percent. No. 1 mobile carrier SK Telecom bac
Sept. 6, 2017
-
KDB, Export-Import Bank of Korea return to black in H1
South Korea's two state-run policy banks -- Korea Development Bank and the Export-Import Bank of Korea -- bounced back into the black in the first-half of this year with their loan-loss provisions falling as the restructuring of the shipbuilding industry nears an end.In a regulatory filing on Wednesday, KDB said it posted a net profit of 1.27 trillion won ($1.12 billion) for the January-June period, compared to a loss of 289.6 billion won a year earlier. The Export-Import Bank of Korea said
Sept. 6, 2017
-
Seoul stocks open lower on N. Korean nuke woes
South Korean stocks opened lower Wednesday as North Korea's sixth nuke test continued to weigh down on investor sentiment.The benchmark Korea Composite Stock Price Index shed 4.19 points, or 0.18 percent, to 2,322.43 in the first 15 minutes of trading.Steelmakers got off to a weak start, with No. 1 player POSCO falling 1.61 percent and second-largest Hyundai Steel losing 1.05 percent. Top carmaker Hyundai Motor decreased 0.72 percent, and its sister Kia Motors moved down 1.32 percent. Auto
Sept. 6, 2017
-
Stocks reel from nuke test impact
South Korea’s stock markets on Tuesday remained under the influence of North Korea’s sixth nuclear test Sunday.The main bourse index Kospi shed 0.13 percent and closed at 2,326.62, while the secondary market index Kosdaq took a 0.33 percent loss.Both markets opened higher Tuesday, but swung back to negative territory with foreign sell-offs emerging from late morning trade. The Kospi opened 0.37 percent higher, while the Kosdaq was up 0.69 percent at 9 a.m. The Kospi suffered fo
Sept. 5, 2017
-
Seoul shares close slightly lower on geopolitical concerns
South Korean stocks closed 0.13 percent lower Tuesday on concerns over North Korea's nuclear provocations, but the decline slowed compared to previous sessions as investors engaged in bargain hunting, analysts said. The Korean won sharply fell against the US dollar.The benchmark Korea Composite Stock Price Index dropped 3.03 points, or 0.13 percent, to 2,326.62. Trade volume was moderate at 317 million shares worth 4.81 trillion won ($4.25 billion), with losers outnumbering gainers at 569 to 239
Sept. 5, 2017
-
Financial regulator urges tighter screenings in high-risk lending
Banks and other financial institutions should tighten screenings of lending applications by high-risk borrowers, the top financial regulator said Tuesday. Choi Jong-ku, chairman of the Financial Services Commission, made the remarks at a forum in Seoul, as financial authorities are scheduled to announce a fresh package of measures this month to curb the growth of household debt. Choi urged banks and other financial institutions to "break away from the practice of unconditionally extending l
Sept. 5, 2017
-
Korean stocks down late Tuesday morning
South Korean stocks traded lower late Tuesday morning as investors took a wait-and-see stance on the geopolitical tension on the Korean Peninsula sparked by Pyonyang's nuke provocations.The benchmark Korea Composite Stock Price Index shed 3.11 points, or 0.13 percent, to 2,326.54 as of 11:20 a.m.Financial shares lost ground, with Shinhan Financial moving down 2.95 percent and Samsung Life Insurance dropping 0.89 percent. KB Financial plunged 4.08 percent. Top carmaker Hyundai Motor lost 0.7
Sept. 5, 2017
-
Korea's FX reserves hit record high in August
South Korea's foreign exchange reserves hit a record high in August due to a hike in the value of non-dollar currencies when converted into the US greenback, central bank data showed Tuesday.As of the end of August, the country's foreign exchange reserves came to $384.84 billion, up $1.08 billion from the previous month, the Bank of Korea said in a statement.Foreign exchange reserves consist of securities and deposits denominated in overseas currencies, as well as International Monetary Fun
Sept. 5, 2017
-
Kakao Bank implements W500b capital hike
Kakao Bank, South Korea's second Internet-only bank, implemented a 500 billion won ($441.9 million) capital increase on Tuesday as a part of a refinancing plan to bolster its lending business. Kakao Bank, launched in late July with paid-in capital of 300 billion won, has attracted about three million accounts and extended loans worth 1.4 trillion won as of Aug. 27. The capital hike was made by issuing 100 million new shares worth 5,000 won each.Major shareholders of Kakao Bank, including Korea I
Sept. 5, 2017
-
Seoul stocks open higher on techs, autos
South Korean stocks opened higher Tuesday after suffering a sharp decline in the previous session following Pyongyang's nuclear provocations. The benchmark Korea Composite Stock Price Index gained 6.74 points, or 0.29 percent, to 2,336.39 in the first 15 minutes of trading.On Sunday, Pyongyang claimed it successfully conducted a test of a hydrogen bomb that can be loaded on an intercontinental ballistic missile. Tech shares led the recovery, with top cap Samsung Electronics advancing 0.13 p
Sept. 5, 2017
-
Markets in red on NK downward momentum
Markets in South Korea took a downturn Monday in the wake of the most powerful nuclear bomb test by North Korea on Sunday, drawing a mixed forecast on the aftereffect from local analysts.The main bourse index Kospi closed at 2,329.65, down 1.19 percent, while the tech-heavy secondary Kosdaq tumbled 1.68 percent to 650.89. Market bellwether Samsung Electronics‘ stock price fluctuated, starting 2.02 percent lower in the opening and closing at 0.95 percent lower.Of the Kospi-listed top 20 p
Sept. 4, 2017
-
Seoul shares shed over 1% on N. Korean nuke provocation
South Korean stocks sank by more than 1 percent Monday as the escalating geopolitical tension following Pyongyang's nuclear test soured investor sentiment, analysts said. The Korean won sharply fell against the US dollar.The benchmark Korea Composite Stock Price Index dropped 28.04 points, or 1.19 percent, to 2,329.65. Trade volume was low at 244 million shares worth 4.32 trillion won ($3.81 billion), with losers far outnumbering gainers at 715 to 124.On Sunday, North Korea claimed it had succes
Sept. 4, 2017
-
S. Korean stocks down late Monday morning on NK threat
South Korean stocks traded lower late Monday morning apparently as investors sought after safer assets on Pyongyang's sixth nuclear test staged over the weekend.The benchmark Korea Composite Stock Price Index shed 16.47 points, or 0.7 percent, to 2,341.22 as of 11:20 a.m.On Sunday, Pyongyang announced it had successfully conducted a test of a hydrogen bomb that can be mounted on an intercontinental ballistic missile. Market behemoth Samsung Electronics shed 0.56 percent, and top chipmaker S
Sept. 4, 2017
-
Seoul stocks open sharply lower on Pyongyang's nuke test
South Korean stocks opened sharply lower on Monday after North Korea conducted its sixth nuclear test a day earlier, escalating geopolitical tension in the Northeast Asian region.The benchmark Korea Composite Stock Price Index plunged 26.87 points, or 1.14 percent, to 2,330.82 in the first 15 minutes of trading.On Sunday, Pyongyang claimed it successfully conducted a test of a hydrogen bomb that can be loaded on an intercontinental ballistic missile. Tech giants lost ground, with top cap Sa
Sept. 4, 2017
-
[Stock Preview] North Korea risks loom over Kospi
Security tension is most likely to return to focus in South Korea’s stock markets this week following the North’s sixth nuclear test Sunday, further dampening investors’ sentiment.A 5.7 magnitude tremor was detected in northeastern North Korea on Sunday at around 12:29 p.m., which North Korea claimed to be a test of a hydrogen bomb that can be loaded into its intercontinental ballistic missile.“The news would bring noise in investor sentiments and stock markets in South K
Sept. 3, 2017
-
Korea seeks to regulate digital currencies
South Korea's top financial regulator said Sunday it will step up monitoring and carry out probes into money laundering, unauthorized financing and other illicit transactions of digital currencies. Joining Japan, China and other Asian nations in trying to regulate crypto-currencies, the Financial Services Commission warned that the recent transaction volume and volatility of digital currencies are "excessive." The move by the FSC comes as the price of a bitcoin, the best-known di
Sept. 3, 2017
-
Ex-Seoul chief of U.S. equity fund released: ministry
The former Korea branch chief of U.S. equity firm Lone Star has been released in Italy, Seoul‘s justice ministry said Friday, dimming the prospects of his return to Korea for an inquiry into alleged irregularities surrounding the 2003 sale of a local bank. The ministry said that a Milano-based court has recently set free Steven Lee, the Korean-American who headed the Seoul office between 1998 and 2005, apparently because the statute of limitations of the charges against him had expired.Lee
Sept. 1, 2017
-
Finance minister vows to clarify scope of ordinary wage
Deputy Prime Minister for economic affairs and Finance Minister Kim Dong-yeon said on Friday the government intends to propose revisions to Korea’s Labor Standards Act in an effort to further clarify the legal scope regarding ordinary wages, amid intensifying legal confrontation between the labor and the management. “We plan to further strengthen business roadmaps and add support to the wage system restructuring in order to prevent any unnecessary labor-management disputes,“ Ki
Sept. 1, 2017
-
Seoul stocks down on institutional sell-offs
South Korean stocks finished lower Friday, as investors continued to remain cautious in betting on risky assets. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index fell 5.5 points, or 0.23 percent, to close at 2,357.69.Trade volume was a moderate 277 million shares worth 4.67 trillion won ($4.16 billion), with gainers slightly outnumbering losers 405 to 401.The local stock market opened higher as market sentiment was boosted by overnight gains on Wall Stree
Sept. 1, 2017
-
Korean stocks down late Friday morning on foreign selling
South Korean stocks traded slightly lower Friday morning as foreign investors continued to unload local shares.The benchmark Korea Composite Stock Price Index shed 3.33 points, or 0.14 percent, to 2,359.86 as of 11:15 a.m.Bourse heavyweights traded mixed, with market kingpin Samsung Electronics up 0.39 percent. SK hynix, a major chipmaker, fell 0.44 percent, and POSCO, the No. 1 steelmaker, declined 0.58 percent.Naver, the country's top Internet portal operator, lost 0.26 percent, while Hyu
Sept. 1, 2017