Weir, DeLaet look to end drought

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BOK to issue coins honoring pope's visit

South Korea's central bank said Thursday it will release a set of commemorative coins to celebrate Pope Francis' upcoming visit to the country next month.The pope is scheduled to visit South Korea on Aug. 14-18, during which he will conduct four Masses, including one for the beatification ...

Updated : 2014.07.24 13:49

EU delays decision on designating Korea an illegal fishing country

 The European Union on Wednesday postponed its decision on whether to designate South Korea as a country conducting illegal fishing in the deep oceans on the heels of heightened efforts from the government here to hold off related sanctions.  “After the European Commission had warned th...

Updated : 2014.07.24 13:44

S. Korea revises down growth outlook to 3.7 pct for this year

South Korea's economy will grow 3.7 percent in 2014, the government predicted Thursday, revising down its previous estimate as it worried that anemic consumption and slowing exports growth could hurt its overall economic recovery.The latest estimate is lower than the 3.9 percent gain the g...

Updated : 2014.07.24 11:39

Govt's major economic measures unveiled in economy management plan

The following are key measures from the government's economy management plan to be carried out by newly inaugurated Finance Minister Choi Kyung-hwan. The plan mostly focuses on boosting domestic demand, stabilizing people's livelihoods and reforming the country's economic structure. Expans...

Updated : 2014.07.24 11:37

S. Korea to inject 40.7 tln won for economic recovery

South Korea plans to implement a macroeconomic policy package worth about 40.7 trillion won (US$39.7 billion) to kick-start an economic recovery beset by anemic domestic demand, slowing exports growth and deepening uncertainties at home and abroad, the finance ministry said Thursday.The go...

Updated : 2014.07.24 11:35

Paris Baguette opens first store in Paris

SPC Group’s bakery brand Paris Baguette landed in Paris on Wednesday with hopes of wooing French customers in their home country. The new store, named Paris Baguette Chatelet, is located near the Pon...

Updated : 2014.07.23 23:26

Naver to offer easier access to financial information

The public is to have easier access to financial information in the future, thanks to a partnership between the Financial Services Commission and the nation’s biggest portal Naver.FSC chairman Shin J...

Updated : 2014.07.23 19:51

Seoul shares take breather after hitting yearly high

South Korean stocks took a breather Wednesday after hitting a yearly high the day before, closing flat from net selling by institutions and private investors, analysts said. The local currency rose against the U.S. dollar. Starting the day in negative territory, the benchmark Korea Composi...

Updated : 2014.07.23 19:50

Korea faces growth challenges: SC Bank

The Korean economy is facing increasing long-term growth challenges, including high household debt and an aging population, according to a report by Standard Chartered Bank.Strong exports and record-high foreign exchange reserves may bring about short- and mid-term growth, but slow domesti...

Updated : 2014.07.23 19:50

Pension service holds over 5% stake in 83 chaebol affiliates

The National Pension Service holds more than a 5 percent share in firms affiliated with the nation’s top 30 conglomerates, data showed Wednesday. South Korea’s state-run pension fund held such stakes in more than 83 conglomerate affiliates as of Monday that together were worth 55.15 tril...

Updated : 2014.07.23 19:50

Average dividend yield for top business groups significantly low

The dividend yield ratio of South Korea’s top 10 business groups averaged 0.8 percent last year, delivering even less than interest on bank deposits, industry data showed Wednesday.The 92 affiliates of the country’s top 10 conglomerates paid 7.29 trillion won ($7.13 billion) in dividends...

Updated : 2014.07.23 19:50

Ssangyong Motor to include regular bonuses as ordinary wages

Ssangyong Motor Co., the local unit of Indian sport utility vehicle maker Mahindra & Mahindra, said Wednesday that it has offered to count regular bonuses as part of ordinary wages to settle labor disputes. Industry sources said the management made the proposal during talks with union repr...

Updated : 2014.07.23 19:50

Samsung SDS to increase global ICT market presence

Samsung SDS, a systems integration business arm of Samsung Group, aims to boost its presence in global markets based on its competitive edge in the information and communication technology solutions b...

Updated : 2014.07.23 19:50

LG Display’s second-quarter net profit up 143.3%

LG Display Co. saw its net profit soar 143.3 percent in the second quarter from a year earlier, data showed Wednesday, as the rising price of TV panels overwhelmed sluggish sales of panels for smartphones and tablet PCs. Net profit reached 256 billion won ($250 million) in the second quart...

Updated : 2014.07.23 19:50

Windshield navigation may become a reality

Displaying navigation information on car windshields may become reality in about a decade, according to a local display expert. “If thin, transparent and curved display panels could be attached to a ...

Updated : 2014.07.23 19:48