[Newsmaker] Euclid Tsakalotos, Greece’s discreet new finance minister

The Korea Herald > Business > Economy

S. Korea's growth to slip to 2.6 pct this year: think tank

A leading South Korean think tank sharply lowered its 2015 forecast of the economy's growth Tuesday, citing falling exports and the fallout from the Middle East Respiratory Syndrome outbreak. In its latest economic outlook, the LG Economic Research Institute revised down its growth predict...

Updated : 2015.07.07 15:07

Household loan growth slows in May

Growth of household loans extended by South Korean financial institutions slowed sharply in May from a month earlier due mainly to a policy loan program aimed at improving the quality of household debt, central bank data showed Tuesday.Outstanding household lending by local lenders and non...

Updated : 2015.07.07 15:02

Samsung C&T wins court battle against Elliot over

A Seoul court on Tuesday turned down a U.S. hedge fund's request to stop a friendly shareholder of Samsung C&T Corp. from voting on a proposed merger with another Samsung unit with treasury shares bought from the builder.Samsung C&T, the construction and trading arm of Samsung Group, is fa...

Updated : 2015.07.07 14:07

Samsung logs 4% drop in Q2 profit

Samsung Electronics Co. estimated Tuesday that its second-quarter operating income fell about 4 percent from a year earlier as weak sales of its newest smartphones fell shy of expectations.Operating p...

Updated : 2015.07.07 14:01

Seoul shares open higher on Greek hopes

South Korean stocks started a tad higher Tuesday on speculation that Greece would return to negotiations with creditors, analysts said.The benchmark Korea Composite Stock Price Index rose 4.78 points, or 0.23 percent, to 2,058.71 in the first 15 minutes of trading.Greek Prime Minister Ale...

Updated : 2015.07.07 09:46

Seoul shares dip 2.4 pct on escalating Grexit woes

South Korean stocks tumbled 2.4 percent to a two-week low Monday as a Greek referendum against austerity measures proposed by its international lenders clouded the future of the eurozone and reduced investors' appetite for risky assets, analysts said. The local currency declined against th...

Updated : 2015.07.06 15:45

Gov't tables extra budget bill in parliament

The government on Monday submitted a supplementary budget bill to the National Assembly for approval as part of efforts to revitalize the economy struggling with slumping exports and anemic domestic demand.The 11.8 trillion-won ($10.49 billion) extra budget is part of a 22 trillion-won sti...

Updated : 2015.07.06 15:35

Samsung, LG top study in ESS battery capabilities

South Korea's Samsung SDI Co. and LG Chem Ltd. have outpaced global rivals in terms of strategy and execution in the energy storage system battery industry, a report showed Monday.LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with ...

Updated : 2015.07.06 09:57

S. Korean banks' mortgage lending soars in June

South Korean banks saw their mortgage lending jump by more than 9 trillion won ($8.01 billion) in June from the previous month, data showed Sunday, due to sharply increased housing transactions.  As of end-June, the nation's seven major banks, including Kookmin, Shinhan, Woori and Hana, ...

Updated : 2015.07.05 09:44

Seoul shares close tad lower ahead of Greek referendum

South Korean stocks closed marginally lower Friday, as investors took a cautious approach ahead of Greece's crucial referendum on a bailout plan on Sunday, analysts said. The local currency rose slightly against the U.S. dollar.   The benchmark Korea Composite Stock Price Index (KOSPI) s...

Updated : 2015.07.03 16:26

S. Korea keep top spot in shipbuilding orders in H1

South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve, industry data showed Friday.  According t...

Updated : 2015.07.03 15:37

Higher cracking margins, stable oil prices bode well for refiners' Q2 earnings

South Korean refiners are expected to have racked up robust earnings in the second quarter on the back of higher cracking margins and stable oil prices, industry data showed Friday.  The nation's three refiners posted their worst-ever performance last year as a freefall in oil prices hur...

Updated : 2015.07.03 11:27

Govt to spread out Treasurys sales to minimize impact on bond market

The finance ministry said Friday that it plans to spread out the sale of Treasurys needed to cover a large portion of this year's proposed extra budget to prevent instability in the local bond market.The government drew up an 11.8 trillion-won ($10.5 billion) supplementary budget plan to c...

Updated : 2015.07.03 10:29

Seoul outlines 12 tln-won extra budget plan to prop up growth, cope with MERS

South Korea on Friday outlined an 11.8 trillion-won ($10.5 billion) extra budget plan designed to prop up its economy that is being dragged down by weak consumption and fallout from the Middle East Respiratory Syndrome outbreak.The plan that is part of a much larger 22 trillion-won economi...

Updated : 2015.07.03 10:16

Herald, WWF-Korea tie up to promote sustainable lifestyle

Herald Corp. on Thursday launched a partnership with the Korean chapter of World Wide Fund for Nature, the world’s leading conservationist organization, to promote the awareness of environmental prot...

Updated : 2015.07.02 19:19