Credit loans for stock purchases reach yearly high

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Credit loans for stock purchases reach yearly high

Credit loans extended to local stock investors continued to rise this week, reaching the highest level since the start of the year, industry data showed Saturday.Outstanding loans to stock investors reached over 7.53 trillion won ($6.7 billion) as of Thursday after the amount increased ...

Updated : 2016.07.30 13:31

S. Korea halts some U.S. GM wheat imports on safety concerns

South Korea said Friday it has suspended customs clearance for some genetically altered wheat from the United States due to safety concerns. The measure came as the Animal and Plant Health Inspection Service (APHIS) of the U.S. Department of Agriculture informed Seoul that an unapproved s...

Updated : 2016.07.29 21:43

[Weekender] Augmented reality beyond gaming and entertainment

The explosive popularity of Nintendo and Niantic’s augmented reality game “Pokemon Go” has set off a boom in Korea, with companies, the government and consumers thinking about how the combination o...

Updated : 2016.07.29 17:34

[Weekender] 'Pokemon Go’ spotlights augmented reality’s potential

The explosive popularity of Nintendo and Niantic’s GPS-based mobile game “Pokemon Go” around the world, including South Korea, has thrust into the spotlight the core technology behind the game -- a...

Updated : 2016.07.29 17:31

KCC to investigate KakaoTalk over its in-app notifications

The Korea Communications Commission, the state media regulator, on Thursday said it plans to investigate Kakao Corp., operator of South Korea’s top mobile messenger KakoTalk, over the legality of its...

Updated : 2016.07.29 17:28

Nexon founder steps down from board amid corruption scandal

Nexon founder Kim Jung-ju on Friday officially stepped down from the company's board, following his indictment earlier in the day on suspicious stock transactions and bribery.Kim is charged with provi...

Updated : 2016.07.29 17:27

KT posts highest Q2 operating profit in 4 years

South Korean telecommunications firm KT said Friday that it posted an operating profit of 427 billion won ($379.6 million) in the second quarter, marking its highest quarterly performance in four year...

Updated : 2016.07.29 17:26

Lotte Capital CEO Kobayashi resigns

[THE INVESTOR] Masamoto Kobayashi, chief executive of Lotte Capital, has resigned, according to Lotte Group on July 29.Kobayashi is known as the central link between the flow of funds between Lotte’s...

Updated : 2016.07.29 17:12

Average monthly wage 3.13 mln won in May

The average monthly wage of a regular worker at a business with more than five employees stood at 3,133,000 won ($2,796) in May, up 2.9 percent from a year ago, the labor ministry said Friday. That of...

Updated : 2016.07.29 16:57

[Weekender] Pokemon no longer child’s play

The augmented reality smartphone game “Pokemon Go” is fueling the already hyped-up market for “kidults,” a newly coined term that combines “kid” and “adult.” The Pokemon craze worldwide is li...

Updated : 2016.07.29 16:55

Seoul shares end lower after BOJ's disappointing decision

South Korean shares closed lower Friday as investors remained cautious following the disappointing stimulus measures made by the Bank of Japan. The Korean won rose against the U.S. dollar.After choppy...

Updated : 2016.07.29 16:54

Gov’t limits duty-free shopping to stop hoarding

[THE INVESTOR] The number of items bought at duty-free stores will be limited to prevent hoarding and proxy buying. The Korea Customs Service recently sent out an instruction to duty-free store operat...

Updated : 2016.07.29 16:52

[Weekender] Augmented reality shines only with right storytelling

Following the “Pokemon Go” craze, the Korean government and companies are looking to pour money into advancing the local augmented reality sector. This is not the first time for Korea to push for AR...

Updated : 2016.07.29 16:50

Samsung Heavy suffers Q2 operating loss on restructuring costs

[THE INVESTOR] Ailing shipyard Samsung Heavy Industries posted an operating loss of 283.7 billion won (US$253.18) in the April-June period, mainly because of workforce restructuring costs, the compan...

Updated : 2016.07.29 16:50

Hanwha to wholly own defense affiliate

[THE INVESTOR] Hanhwa Techwin announced on July 29 that it will acquire 13.5 million shares of France’s Thales International in its affiliate Hanwha Thales for 288 billion won (US$253.95 million). Th...

Updated : 2016.07.29 16:43