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Korean markets jolted by global equity woes

Korean stocks took another drubbing from a plunge in Japan and other major equity markets Friday as panicked investors dumped shares. The local currency fell against the U.S. dollar.The benchmark Kore...

Updated : 2016.02.12 16:14

Korean economy struggling with faltering exports, slowing demand

The South Korean economy is dogged by plunging exports stemming from fast falling oil prices and weakening global demand along with domestic consumption, which started to show some signs of a slowdown, the finance ministry said Friday.Outbound shipments dived 18.6 percent to US$36.7 billio...

Updated : 2016.02.12 14:13

Yen surge sparks central bank intervention talk

Japanese government officials on Friday pledged to take "appropriate measures" as the surging yen fuels speculation that the central bank will intervene in currency markets to arrest its ascent.The unit has soared to levels last seen when the Bank of Japan unleashed a second wave of stimul...

Updated : 2016.02.12 14:02

Seoul shares open lower due to global market losses

Korean shares got off to a weak start on Friday, taking a cue from losses in global stock markets.The benchmark Korea Composite Stock Price Index (KOSPI) dropped 16.06 points, or 0.86 percent, to 1,84...

Updated : 2016.02.12 10:41

Korea has OECD’s top R&D spending as proportion of GDP

South Korea ranked top among the Organization for Economic Cooperation and Development countries in terms of research and development spending as a proportion of gross domestic product, a report showe...

Updated : 2016.02.11 18:08

Economic growth largely driven by increased inventory: data

Korea's economic growth was largely fueled by a rise in inventories last year amid a deepening slump in domestic demand and industrial output, with its contribution hitting a five-year high, central b...

Updated : 2016.02.11 14:26

Hong Kong leads fresh Asia market sell-off

Hong Kong stocks plunged more than four percent to a more than three-year low Thursday, leading another sell-off across Asian markets and extending a global rout fanned by worries over the world econo...

Updated : 2016.02.11 13:54

BOK forecast to hold key rate steady for Feb.: poll

The Korean central bank is widely expected to stand pat on its key rate for another month in February despite weak signs of a recovery in the economy and exports that might require a rate hike down th...

Updated : 2016.02.11 09:53

Seoul shares open sharply lower on blue-chip slide

South Korean shares started over 2 percent lower Thursday as investors dumped blue chips on heightened worries over the global economy and growing geopolitical risk following North Korea's long-range ...

Updated : 2016.02.11 09:51

Concerns rise over volatile exchange rate

The won-dollar exchange rate has shown sharp fluctuations in recent months, raising concerns over the possible negative impact of such volatility on the country’s economy, which is struggling with de...

Updated : 2016.02.10 17:38

Shares of builders are bullish riding Iran hope

Construction firms were the top winners on the main stock bourse in early trading this year, data showed Wednesday, as investors cheered growing opportunities in the Iranian market.The construction se...

Updated : 2016.02.10 16:59

[Photo News] Woori Bank enters Iran

FORAY INTO IRAN -- Woori Bank CEO and president Lee Kwang-goo (third from the left) hosts a ceremony to announce the opening of the bank’s trade and investment center in Iran with guests including St...

Updated : 2016.02.10 14:21

Choi to take up World Bank executive directorship

A Finance Ministry director will fill the World Bank executive director’s office, vacated by Eun Sun-soo, the ministry said Friday. Eun quit last month to run Korea’s sovereign fund Korea Investment...

Updated : 2016.02.05 14:51

Tokyo stocks open sharply lower on stronger yen

Tokyo stocks opened sharply lower on Friday as a stronger yen hit exporters, despite modest gains on financial markets in Europe and on Wall Street.European and US shares mostly firmed Thursday despit...

Updated : 2016.02.05 14:09

Government pushes for business restructuring

The government will step up efforts to restructure the manufacturing industry and reinvigorate the sagging corporate sector, officials said Thursday.Industry Ministry officials said the government wil...

Updated : 2016.02.04 17:36