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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

[Newsmaker] 'China Valley' in Korea to boost trade

The reclaimed region of Saemangeum, North Jeolla Province, is in the limelight after the government announced plans to create a Korea-China free trade agreement industrial complex in the area.The gove...

Updated : 2015.02.26 21:18

Investments revitalize Gwangyang FEZ

The Gwangyang Bay Area Free Economic Zone in the nation’s southern region is fast recovering from a slowdown caused by the protracted global economic and the weak Japanese yen.The GFEZ specializes in...

Updated : 2015.02.26 20:32

S. Korea's business sentiment hits 6-month low in Feb.

Corporate sentiment in South Korea hit a six-month low in February as companies remained increasingly worried about unfavorable business conditions at home and abroad, a survey showed Thursday.  According to the survey by the Federation of Korean Industries of the country's top 600 compa...

Updated : 2015.02.26 16:30

Finance minister sounds caution in raising corporate tax

South Korea's top economic policymaker sounded caution Thursday against raising corporate taxes, warning it could cause capital outflow and thwart economic recovery.  Speaking at a National Assembly interpellation session, Choi Kyung-hwan stressed it would be ill-advised for South Korea ...

Updated : 2015.02.26 16:28