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BOK expects Fed's rate hike impact to be 'endurable'

South Korea's financial market could withstand a possible U.S. interest rate hike, the central bank said Tuesday, brushing off concerns that the move could trigger a massive outflow of foreign capital.Market watchers expect the U.S. Federal Reserve's first rate hike in almost a decade to c...

Updated : 2015.04.21 10:25

S. Korea's state minting agency aims to spur overseas sales

The head of South Korea's state-run minting agency said Monday that it is seeking to increase overseas sales as the demand for cash, its key profit source, weakens in tandem with soaring credit card usage in Asia's fourth-largest economy.In the latest move, the Korea Minting, Security Prin...

Updated : 2015.04.20 15:30

S. Korea's cigarette sales plunge following price hike

The number of cigarettes released in the South Korean market plunged more than 40 percent from a year earlier in the first quarter, the government said Monday, possibly reflecting an apparent drop in sales following a price hike.According to the Ministry of Health and Welfare, the amount o...

Updated : 2015.04.20 10:52

S. Korea's ratio of corporate debt to GDP high: report

South Korea has a high ratio of corporate debt to gross domestic product, a parliamentary report showed Monday, raising concern it could erode the nation's growth potential down the road.According to the report submitted to Rep. Oh Jae-sae and based on data collected from the McKinsey Glob...

Updated : 2015.04.20 09:24

Export growth continues fall for fourth year

South Korea saw its annual export growth slow down for the fourth consecutive year in 2014, threatening to weaken the nation’s economic fundamentals.According to the Korea International Trade Associa...

Updated : 2015.04.19 19:14

Korea, Colombia to coordinate on renewable energy projects

South Korea will expand economic cooperation with Colombia in the clean and renewable energy sector by launching pilot projects for electric vehicles and energy self-sufficient villages in the South American country, the Ministry of Trade, Industry and Energy of Korea said Sunday.Trade-Ind...

Updated : 2015.04.19 18:47

S. Korea's top central banker stresses restructuring efforts for growth

The chief of South Korea's central bank said Saturday that Asia's fourth-largest economy could get a boost in growth from an easing monetary policy, but concerted restructuring moves would be key to raising its growth potential.The South Korean economy is currently facing a combination of ...

Updated : 2015.04.19 15:06

S. Korea's grape imports hit record high in 2014

South Korea's imports of grapes reached an all-time high last year as free trade deals with Chile and other countries spurred the influx of the fruit, data showed on Sunday.According to the data compiled by the Korea Customs Service, the country imported 59,260 tons of grapes worth US$189 ...

Updated : 2015.04.19 15:00

Samsung, Hyundai's power grows stronger on corporate earnings

South Korea's two biggest conglomerates have expanded their presence, with their earnings accounting for over 80 percent of the profits of the top 30 business groups last year, data showed Sunday, in the latest sign of their concentration of wealth.Samsung Group and Hyundai Motor Group pos...

Updated : 2015.04.19 14:58

Stock market rally produces large number of rich shareholders

The number of stock-rich shareholders on the country's secondary stock market, the KOSDAQ, surged this year on the back of a bullish run by the tech-laden bourse, data from a corporate tracker showed Sunday.According to Chaebul.com, there were 64 stockholders who have portfolios worth more...

Updated : 2015.04.19 10:32

Foreign investors scoop up net 5.4 tln won of Korean stocks this year

Foreign investors' buying binge of South Korean stocks, backed by expanded global easing policies, has helped send the country's stock market more than 11 percent higher this year, with their net buying reaching some 5.4 trillion won ($4.9 billion), data showed on Sunday.According to the d...

Updated : 2015.04.19 10:23

S. Korean export growth slips for 4th consecutive year

South Korea's outbound shipment growth has decelerated for the fourth straight year as the global economic slump cut demand and weak oil prices lowered the export prices of key products, data showed Sunday.According to the data compiled by the Korea Investment Trade Association, the countr...

Updated : 2015.04.19 09:54

Three investors bid for Pantech sale

Three investors made bids Friday to buy Pantech Co., the cash-strapped South Korean smartphone maker currently under court protection, industry sources said, reviving hope that the long-pending sale would soon resume after previous attempts ended in a failure due to a lack of interest. The...

Updated : 2015.04.17 20:55

Seoul mulls joining TPP in 2nd phase

The South Korean government will make a decision on joining the Trans-Pacific Partnership after U.S.-led multilateral negotiations for the trade deal are completed.“The (Korean) government plans to make a final decision on whether to join the TPP after the trade deal officially concludes ...

Updated : 2015.04.17 19:12

S. Korea open to extra stimulus steps in H2: finance minister

South Korea will take additional stimulus measures in the second half of 2015 if the need arises to prop up the slowing economy, the nation's economic czar has said.Finance Minister Choi Kyung-hwan, who is in Washington to attend a G20 ministerial meeting, made the remarks in an interview ...

Updated : 2015.04.17 15:33