Most Popular
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Yoon's approval rating plunges to all-time low
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S. Korea votes in favor of Palestinian bid for UN membership
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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Egg scare eases off in stock markets
While the contaminated egg scare continues to grip South Korea, the stocks related to eggs have bounced back. Those that had briefly benefited from the crisis, such as vaccine makers, stopped short of its rally last week.Stocks related to eggs had seen their prices dragged down by the insecticide-contaminated eggs found on farms across the country for days, but started regaining towards the end of the week. SPC Samlip, the nation’s largest breadmaker listed on the top-tier Kospi,
Aug. 20, 2017
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S&P maintains S. Korea's credit rating at AA
Global rating appraiser Standard & Poor's on Friday reaffirmed its long-term sovereign rating on South Korea at AA, with its outlook also remaining stable, despite the heightened geopolitical tensions on Korean Peninsula. solider"S&P Global Ratings affirmed its 'AA' long-term sovereign credit rating" on South Korea, the agency said in its latest release. "The stable outlook on Korea reflects our expectation that geopolitical risks in the Korean peninsula will not escalate
Aug. 18, 2017
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Seoul stocks fall on institutional sell-off
South Korean stocks fell Friday, hit by a sell-off by institutional investors. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index declined 3.3 points, or 0.14 percent, to close at 2,358.37. Trade volume was moderate at 195 million shares worth 4.05 trillion won ($3.54 billion). The local stock market opened lower, tracking a loss on Wall Street overnight following a deadly attack in Spain and political uncertainties in the United States. "The decl
Aug. 18, 2017
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Korean shares down in late morning trading
South Korean shares traded lower late Friday morning but pared part of their earlier losses on the back of net purchases by retail investors. The benchmark Korea Composite Stock Price Index shed 8.91 points, or 0.38 percent, to 2,352.76 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics falling 0.94 percent, and global chipmaker SK hynix up 0.45 percent.Hyundai Motor rose 0.35 percent, and its smaller affiliate Kia Motors traded 0.43 percent higher. POSCO, the No. 1
Aug. 18, 2017
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Seoul stocks start lower on Wall Street tumble
South Korean shares opened weak Friday, tracking losses on Wall Street overnight on a deadly attack in Spain and political uncertainties in the United States. The benchmark Korea Composite Stock Price Index slipped 17.82 points, or 0.75 percent, to 2,343.85 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics falling 1.06 percent.Top automaker Hyundai Motor rose 0.69 percent, and No. 1 steelmaker POSCO declined 0.75 percent.The local currency wa
Aug. 18, 2017
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Foreign ownership of KOSDAQ stocks hits record high
Foreign ownership of stocks traded on South Korea's secondary stock market has hit a new high, data showed Friday, as offshore investors turn to undervalued tech firms there after exiting the main bourse. As of Thursday, offshore investors held 25.98 trillion won ($22.8 billion) worth of shares traded on the KOSDAQ market for tech and smaller firms, the highest level since the market opened in 1996, according to the data from the Korea Exchange.Foreign ownership came to nearly 12 percent of the
Aug. 18, 2017
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Seoul stocks up for 3rd day on foreign, retail buying
South Korean stocks marked the third day of gains Thursday, helped by foreign and retail buying. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index rose 13.41 points, or 0.57 percent, to close at 2,361.67. Trade volume was moderate at 226 million shares worth 4.42 trillion won ($3.88 billion). The local stock market opened higher, tracking gains on Wall Street overnight. Seo Sang-young, an analyst at Kiwoom Securities, projected the local stock market
Aug. 17, 2017
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Korean shares up in late morning trading
South Korean shares traded higher late Thursday morning on the back of gains in technology firms and steelmakers.The benchmark Korea Composite Stock Price Index rose 11.69 points, or 0.5 percent, to 2,359.95 as of 11:20 a.m.Tech shares continued to trade higher, with Samsung Electronics moving up 1.82 percent and LG Display advancing 2.2 percent.Chipmaker SK hynix climbed 1.36 percent.Steelmakers were also among winners, with POSCO increasing 4.08 percent and Korea Zinc moving up 4.61 percent. H
Aug. 17, 2017
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Offshore stock holdings exceed W600tr
Stock holdings by offshore investors topped 600 trillion won ($526 billion) in South Korea for the first time as of July, data showed Wednesday.The foreign net buying trend, which had continued for eight consecutive months until July, lifted foreign investors’ equity holdings to 605.7 trillion won, accounting for 33.4 percent of all shares issued on the two stock markets, according to data from the Financial Supervisory Service. This came in spite of the shrinking net purchases of for
Aug. 16, 2017
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Financial chiefs vow to stabilize market amid NK risks
South Korea’s finance minister and fiscal policy chief on Wednesday vowed to take stern measures to stabilize the financial markets if necessary, as response to the tensions caused by North Korea’s nuclear provocations.Deputy Prime Minister for Economic Affairs and Finance Minister Kim Dong-yeon and Bank of Korea Governor Lee Ju-yeol attended a luncheon, seeking cooperation amid the challenging economic situations.“(The government), together with the BOK, will keep a close watc
Aug. 16, 2017
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Seoul stocks up for 2nd day on retail buying
South Korean stocks closed higher Wednesday, led by retail investors buying into the market, as tension between the United States and North Korea shows signs of easing. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index rose 14.04 points, or 0.6 percent, to close at 2,348.26. Trade volume was moderate at 265 million shares worth 6.08 trillion won ($5.32 billion). The local stock market opened higher on positive economic data from the US and an easing of ten
Aug. 16, 2017
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Korean shares up in late morning trading
South Korean shares traded higher late Wednesday morning on positive economic data from the United States.The benchmark Korea Composite Stock Price Index rose 13.19 points, or 0.57 percent, to 2,347.41 as of 11:20 a.m.Large caps traded mixed, with market kingpin Samsung Electronics adding 2.8 percent and global chipmaker SK hynix up 2.61 percent.Hyundai Motor, the No. 1 automaker here, rose 0.35 percent, and its smaller affiliate Kia Motors traded 1.12 percent lower.POSCO, the No. 1 steelmaker,
Aug. 16, 2017
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Seoul stocks start higher as N. Korea risks wane
South Korean shares opened higher Wednesday as a bitter verbal war between the United States and North Korea seems to have eased. The benchmark Korea Composite Stock Price Index rose 19.03 points, or 0.82 percent, to 2,353.25 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics adding 2.8 percent.Top automaker Hyundai Motor fell 0.35 percent, and top steelmaker POSCO declined 1.23 percent.The local currency was trading at 1,134.55 won against th
Aug. 16, 2017
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Foreign investors raise Korean stock holdings for 8th month
Offshore investors remained net buyers of South Korean stocks for the eighth consecutive month in July, with their stock holdings exceeding 600 trillion won ($526.4 billion) for the first time, official data showed Wednesday. Foreign investors boosted their holdings of local stocks by a net 579 billion won in July to 605.7 trillion won, according to the data by the Financial Supervisory Service. For the first seven months of this year, offshore investors bought a net 11.4 trillion won worth of s
Aug. 16, 2017
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Mortgage loans stay above July level despite tightening
Households in South Korea have still appeared to flock to mortgage loans so far this month, despite the government’s strong measures on Aug. 2 to tighten mortgage borrowing, data showed Tuesday.The average volume of household mortgage borrowings per day reached 407.1 billion won ($356.6 million) from 3,167.6 cases during Aug. 7-11, according to data compiled by the Financial Supervisory Service. That was larger than the daily average in July, which came to 288.5 billion won from 2,509 borr
Aug. 15, 2017
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Korean stocks to undergo corrections for a few months: market experts
South Korean stocks are expected to experience some corrections over the next couple of months due to the geopolitical risks coming from North Korea and the recent bull market, local observers said Tuesday.The prediction follows the war of words between Washington and Pyongyang over the latest UN sanctions and threats by the North to fire off missiles towards the US Pacific territory of Guam. Observers also said that some sort of adjustment is inevitable following eight straight months of stock
Aug. 15, 2017
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Stocks bounce amid US-NK saber-rattling
South Korea’s stock market indexes swung back to positive territory Monday, recovering from a bearish trend last week fueled by the United States’ verbal saber-rattling at North Korea in response to its plans to attack US territory with ballistic missiles. The top-tier Kospi closed at 2,334.22, up 0.63 percent from Friday’s close, while the tech-heavy Kosdaq rose 0.16 percent.Foreign investors maintained the selling trend for four consecutive days on the main bourse Monday, but
Aug. 14, 2017
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Foreign investors switch to net sellers in July after steady buying throughout year: data
Foreigners who had been steadily investing in Asian stock markets began to pull out in July, with South Korean stocks ranking as the second most sold, data showed Monday.This year's figures provided by the Korea Exchange said foreigners net purchased between $2.8 billion and $11.9 billion per month in Asian shares from January to June. China and Japan were excluded from the count because they do not provide separate tallies on offshore investors.The buying spree was bucked in July when foreigner
Aug. 14, 2017
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Korean shares up in late morning trading
South Korean shares traded higher late Monday morning as local institutional investors snatched up market heavyweights amid signs of abating tension between North Korea and the United States. The benchmark Korea Composite Stock Price Index gained 11.72 points, or 0.51 percent, to 2,331.43 as of 11:20 a.m. Large caps traded mixed with market kingpin Samsung Electronics adding 0.85 percent, and global chipmaker SK hynix up 3.91 percent.AmorePacific, the largest cosmetics maker, declined 0.18 perce
Aug. 14, 2017
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Seoul stocks start higher on bargain-hunting
South Korean shares opened higher Monday as some investors returned to the market amid escalating geopolitical tension between the United States and North Korea. The benchmark Korea Composite Stock Price Index rose 12.54 points, or 0.54 percent, to 2,332.25 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics gaining 1.43 percent.Top automaker Hyundai Motor climbed 0.7 percent and top steelmaker POSCO rose 1.42 percent.The local currency was tra
Aug. 14, 2017