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Korean banking sector stable, but credit, profit risks linger: S&P official

South Korea's banking sector has enough buffers to weather industry-wide challenges but still should bolster its efforts to diversify profit and lower credit risks, a Standard & Poor's official said Tuesday.The advice comes as local lenders strive to shore up profitability amid falling pro...

Updated : 2015.03.03 16:31

Weak demand by builders slows corporate loans growth in Q4

Corporate loans in South Korea continued to rise in the fourth quarter but its pace of growth had slowed compared to the third quarter as demand by builders waned, central bank data showed Tuesday.Outstanding corporate loans extended by banks and non-bank institutions reached 882.9 trillio...

Updated : 2015.03.03 13:40

S. Korea's third bourse sees increased turnover this year

South Korea's stock market for venture firms and startups posted a sharp growth this year with its turnover more than doubling from a year earlier, data showed on Tuesday.The Korea New Exchange debuted in June 2013 to provide a bourse where fledgling businesses can raise funds easier via s...

Updated : 2015.03.03 13:38

S. Korea's consumer price growth in Feb. is lowest since mid-1999

South Korea's consumer prices grew less than 1 percent for the third month in a row in February, with the pace of growth the slowest since mid-1999, a government report showed Tuesday. The country's c...

Updated : 2015.03.03 10:00

Seoul shares advance on China's rate cut

South Korean stocks ended higher Monday as China's weekend interest rate cut enhanced investor sentiment and Samsung Electronics reclaimed the spotlight with its latest Galaxy smartphones, analysts said. The South Korean won lost against the U.S. dollar.The benchmark Korea Composite Stock ...

Updated : 2015.03.02 16:15

Lowering key rates can help S. Korea's economic growth: gov't official

Lowering key interest rates further can promote growth in the South Korean economy, a finance ministry official said Monday, as fluctuating economic data is raising uncertainties about the future of the country's economy. The remark by Lee Chan-woo, head of the ministry's economic policy b...

Updated : 2015.03.02 12:08

Seoul shares start higher on blue-chip gains

South Korean stocks started higher Monday led by gains in market heavyweights on the back of strong retail buying.The benchmark Korea Composite Stock Price Index added 8.04 points, or 0.4 percent, to 1993.84 in the first 15 minutes of trading.Tech giant Samsung Electronics rose 2.36 percen...

Updated : 2015.03.02 10:15

Foreign investors turn net buyers of Korean shares in Feb.

Foreign investors turned net buyers of Korean stocks in February, snapping a two-month selling streak on the back of easing uncertainties in Greece and the U.S. central bank's flexible stance on an interest rate hike, the Seoul bourse operator said Monday.Offshore traders bought a net 1.32...

Updated : 2015.03.02 10:11

Industrial output drops 3.7 pct on-month in Jan.

South Korea's industrial output fell sharply in January from a month earlier, mainly due a drop in demand for automobiles and machinery equipment and a strong showing in December, a government report ...

Updated : 2015.03.02 10:01

S. Korea's current account surplus slips for 2nd month in Jan.

South Korea's monthly current account surplus slipped for a second straight month in January but continued to expand its surplus streak for a 35th straight month, data showed Monday.The current account surplus hit US$6.94 billion in January, inching lower from a revised $7.02 billion the p...

Updated : 2015.03.02 09:57

Temporary workers' wages dip for first time in 4 years in 2014: report

Wages of temporary workers dropped for the first time in four years in 2014, fueling worries that the country may be entering a period of economic growth and more employment without real income gains, observers said Sunday.Data by the labor ministry showed inflation growth outpacing income...

Updated : 2015.03.01 14:08

S. Korea's exports drop 3.4 pct on-year in Feb.

South Korea's exports shrank 3.4 percent on-year in February, but the trade surplus surged to a new monthly high as imports dropped at a faster rate, the government said Sunday.The country's outbound shipments came to US$41.46 billion last month while imports plunged 19.6 percent on-year t...

Updated : 2015.03.01 09:18

Korean workers’ average age rises past 44

The average age of the employed in South Korea surpassed 44, marking a new high, a state-run statistics agency said Friday.According to Statistics Korea’s data on the country’s economically active p...

Updated : 2015.02.27 20:46

Bank lending rates fall in Jan.

Bank lending rates for new loans in South Korea again trended lower in January after briefly ticking up a month earlier, central bank data showed Friday.  The average rate for new loans to households, companies and other organizations came in at 3.9 percent last month, slipping 0.01 perc...

Updated : 2015.02.27 13:28

Life extension of Wolsong unit 1 reactor approved

The Nuclear Safety and Security Commission approved the life span extension of Wolsong unit 1 reactor until November 2022. The 30-year operating license of the reactor in Gyeongju, North Gyeongsang P...

Updated : 2015.02.27 07:40