S. Korean firms' China investment hits 8-year high

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ECB quantitative easing in line with market forecast: BOK chief

The additional quantitative easing by the European Central Bank is likely to have limited impact on the South Korean financial market as the measure has mostly been priced in, the central bank chief said Friday."The ECB's measure was already factored in the market," Bank of Korea Gov. Lee ...

Updated : 2015.01.23 09:30

Seoul shares open higher on ECB push

South Korean stocks opened higher Friday on the European Central Bank's announcement of a massive stimulus for the eurozone, analysts said.The benchmark Korea Composite Stock Price Index advanced 18.26 points, or 0.95 percent, to 1,939.08 in the first 15 minutes of trading.The ECB said it...

Updated : 2015.01.23 09:26

S. Korea's Q4 economic growth slowest in 2 yrs

The South Korean economy expanded at the slowest pace in more than two years in the fourth quarter, central bank data showed Friday, raising concerns over faltering growth.Asia's fourth-largest economy grew 0.4 percent during the October-December period, sharply decelerating from the 0.9 p...

Updated : 2015.01.23 09:22

[Graphic News] Korean firms’ profitability drops sharply

South Korean companies have dropped in profitability from last three years, according to industry data released on Monday.The ratio of net income to sales at South Korean businesses from 2012-2014 fel...

Updated : 2015.01.22 21:52

S. Korea central bank suggests further rate cuts on hold

South Korea's central bank governor on Thursday appeared to rule out any further rate cut in the short term, and said the bank's decision to slash its 2015 economic growth was no cause for pessimism.After two rate cuts last year, the Bank of Korea's benchmark rate is currently at a record-...

Updated : 2015.01.22 10:57

BOK chief plays down further rate cut

South Korea's top central banker on Thursday took a cautionary stance on the country's ever-growing household debt level, seemingly taking a step back from an additional rate cut."Because of the increase in household debt since October, we are very closely paying attention to ensuring fina...

Updated : 2015.01.22 10:04

Gov't pledges to frontload budget outlays in H1 to bolster growth

The government on Wednesday pledged to frontload this year's budget outlays in the first half to bolster growth and meet calls by the business community.In the first fiscal management review meeting of 2015 chaired by Vice Finance Minister Bang Moon-kyu, the government confirmed the goal i...

Updated : 2015.01.21 16:02

Economic policymaker stresses reforms to boost growth momentum

South Korea's top economic policymaker on Wednesday stressed the need for timely and sweeping reforms in order to boost the country's growth momentum that has struggled to meet expectations.Speaking at a ministerial meeting in Seoul that assessed the latest economic developments, Finance M...

Updated : 2015.01.21 11:12

Number of S. Korean goods facing import regulations up 18 pct

The number of South Korean products facing import regulations in other countries rose 18.4 percent in 2014 from a year earlier, data showed Wednesday, as emerging nations turned to trade barriers to protect their mainstay businesses. A total of 167 goods from South Korea faced import restr...

Updated : 2015.01.21 11:06

[Graphic News] Ratio of oil consumption to GDP to hit 45-year low

The ratio of domestic oil consumption to gross domestic product is expected to fall to its lowest rate this year since 1970, data showed Tuesday. Analysts said the expected drop in the ratio would boo...

Updated : 2015.01.20 21:25

Hanjin Energy sells S-Oil stake to Saudi Aramco’s unit

Hanjin Energy Co. has sold all of its stake in South Korean refiner S-Oil Corp. to Saudi Aramco’s overseas unit, the refiner said Tuesday, in a deal aimed at easing financial troubles at the energy firm’s parent company.The stake sale came six months after Hanjin Energy, an affiliate own...

Updated : 2015.01.20 21:09

Over W1.5tr invested in startups last year

South Korean start-ups and venture firms have received over 1.5 trillion won ($1.39 billion) in investment last year on the back of increased funding by institutional investors and a rise in investment funds, data showed Tuesday.According to the Small and Medium Business Administration, 1....

Updated : 2015.01.20 20:17

Gaeseong-based firms enjoy strong growth: data

The overall earnings of 10 South Korean companies that are operating in a jointly run inter-Korean industrial complex have increased by an average of over 10 percent per year since 2005, data showed Monday, indicating that they have been doing relatively well despite political tensions tha...

Updated : 2015.01.20 20:17

FX forward net buying by Korean firms soars in 2014

South Korean companies saw their forward exchange net purchases increase in 2014 from a year earlier as the won strengthened against the dollar in the first half of the year, central bank data showed Tuesday.The net purchases reached $10 billion last year, sharply increasing from $1.6 bill...

Updated : 2015.01.20 13:51

S. Korea's fiscal balance deficit tops 30.2 tln won in Nov.

South Korea's operational fiscal balance was in the red by 30.2 trillion won ($27.96 billion) for January-November period last year, mainly due to a drop in tax earnings while the government spent more, the finance ministry said Tuesday.The deficit is significantly larger than the 21.1 tri...

Updated : 2015.01.20 10:58