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Seoul shares edge up on eased Greece woes

South Korean stocks rose Thursday, snapping their two-day losing streak, on eased concerns over Greece's debt talks with its creditors, analysts said. The local currency dropped against the U.S. dollar. The benchmark Korea Composite Stock Price Index gained 3.39 points, or 0.16 percent, to...

Updated : 2015.05.28 17:28

Bank lending rates fall again in April

Bank lending rates for new loans in South Korea fell for a fourth straight month in April following a surprise rate cut in the previous month that sent the base rate to a record low, central bank data showed Thursday.In a surprise move, the Bank of Korea slashed its policy rate by a quarte...

Updated : 2015.05.28 15:06

S. Korea's biz sentiment remains pessimistic for June

A majority of South Korea's largest companies remain pessimistic about their business outlooks for June on worries about weak exports and other unfavorable market conditions at home and abroad, a poll showed Thursday.According to the survey by the Federation of Korean Industries of the co...

Updated : 2015.05.28 14:58

S. Korea unlikely to take hit from U.S. rate hike: Bernanke

South Korea is unlikely to be hit hard by a possible U.S. interest rate hike, former Federal Reserve chairman Ben Bernanke said, dismissing concerns it could spark a massive capital outflow from Asia's fourth-largest economy.The U.S. central bank is widely expected to raise its key rate as...

Updated : 2015.05.28 10:03

Korean won hits 2-month low vs dollar on looming U.S. rate hike

South Korea's currency fell to the lowest level against the U.S. dollar in two months on Wednesday, moving in tandem with major counterparts' descent against the greenback on rising speculation that the U.S. Federal Reserve will hike borrowing costs, analysts said.The Korean won was changi...

Updated : 2015.05.27 15:07

KDI urges outside directors' greater independence

South Korea's outside directors should become more independent in order for them to better control management and protect the rights of all shareholders, a state-run think tank said Wednesday.The report by the Korea Development Institute showed under the prevailing practice of outside dire...

Updated : 2015.05.27 15:00

S. Korea's household credit hits fresh high in Q1

Household credit in South Korea soared to an all-time high in the first quarter, data showed Wednesday, adding to growing concerns over the country's already fast-growing household debt.Household credit totaled 1,099.3 trillion won ($992.1 billion) as of end-March, up 11.6 trillion won fro...

Updated : 2015.05.27 14:53

S. Korea's export slowdown expected to last till Q3: BOK

South Korea's outbound shipments, a main growth engine for Asia's fourth-largest economy, are likely to remain weak into the third quarter largely due to slowing growth in China and unfavorable currency circumstances, a central bank report forecast Wednesday."A fall in prices of key export...

Updated : 2015.05.27 14:52

S. Korea's seaport cargo shrinks 0.6 pct on-year in April

Cargo processed at South Korean seaports inched down from a year earlier last month, the government said Wednesday, apparently reflecting a recent drop in the country's exports.In April, cargo handled at the country's seaports came to 117.68 million tons, down 0.6 percent from the same mon...

Updated : 2015.05.27 14:41

Import farm price index hits 7-year low in April

Prices of imported farm products hit the lowest level in more than seven years in April mainly due to a drop in international grain and vegetable costs, government data showed Wednesday.According to the data by the Korea Customs Service, the price index for imported farm produce stood at 9...

Updated : 2015.05.27 10:29

Korean investments in foreign securities hit 7-year high in Q1

The value of foreign securities held by South Korean institutions soared to the highest level in more than seven years as major local asset managers and insurers beefed up their buying of foreign assets and overseas stock markets continued to rise, data showed Wednesday.The outstanding val...

Updated : 2015.05.27 10:16

S. Korean banks' loan delinquency rate rises in April

The delinquency rate of loans extended by South Korean banks rose in April from a month earlier due to a rise in fresh bad loans, the financial watchdog said Wednesday.The average delinquency rate of bank loans stood at 0.76 percent at the end of April, up 0.07 percentage point from a mont...

Updated : 2015.05.27 10:13

S. Korea pledges $600 mln for Asian infrastructure projects

South Korea on Tuesday signed a deal with the Asian Development Bank to provide $600 million in soft loans for major development projects in Asia over the next three years, the finance ministry said Tuesday.The memorandum of understanding, signed in Seoul between Finance Minister Choi Kyun...

Updated : 2015.05.26 15:36

S. Korea's terms of trade rise for 8th month in April

South Korea's terms of trade improved for an eighth straight month in April as lower oil prices worked to drag down import prices more sharply compared with the fall in export prices, data showed Tuesday.The country's net terms-of-trade index for goods climbed 11.7 percent on-year to 99.56...

Updated : 2015.05.26 14:10

S. Korean Cabinet OKs free trade deal with China

South Korea's Cabinet approved a free trade agreement with China, an official said Tuesday, the latest in a series of steps toward implementation of the pact.The endorsement was made in a Cabinet meeting presided over by President Park Geun-hye, said presidential spokesman Min Kyung-wook.T...

Updated : 2015.05.26 13:58