Park delivers pep talk to S. Korean troops in UAE

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Investment advisers' net doubles in first 3Qs of fiscal 2014

Investment advisory companies in South Korea saw their earnings more than double in the April-December period of last year from a year earlier on increased returns from equity investments, the financial watchdog said Thursday.The combined net profit of 158 local and foreign investment advi...

Updated : 2015.03.05 12:13

Foreign investors turn net buyers of Korean stocks in Feb.

Foreign investors turned into net buyers of South Korean stocks last month amid a bullish run of the country's stock market, the financial watchdog said Thursday.Offshore investors bought a net 573 billion won ($521.2 million) worth of stocks in February, a turnaround from 949 billion won ...

Updated : 2015.03.05 12:11

S. Korea's cosmetics exports surge on China demand

Exports of South Korean cosmetic products jumped more than 50 percent last year from a year earlier, buoyed by a surge in demand from Chinese consumers, data showed Thursday.Outbound shipments of cosmetics totaled $1.87 billion last year, spiking 52 percent from the previous year, accordin...

Updated : 2015.03.05 11:54

Consumer price data fuel deflation concerns in South Korea

Consumer prices in South Korea last year grew at a slower pace than in Japan and other developments markets, international data showed Thursday, bolstering the argument by economy observers that the country is heading toward a deflationary spiral.Data by the Organization for Economic Coope...

Updated : 2015.03.05 11:51

Market cap of S. Korean shares breaks W1,400 tln

The total value of the South Korean stock market has surpassed 1,400 trillion won ($1.27 trillion) on the back of new share listings and a recent rally in the tech-laden KOSDAQ, the Seoul bourse operator said Thursday. The combined market capitalization of the main KOSPI, secondary KOSDAQ,...

Updated : 2015.03.05 09:34

S. Korea's short-term foreign debt inches up in 2014

South Korea's short-term foreign debt slightly increased last year from 2013 on a rise in banks' overseas borrowing, the central bank said Thursday.The country's short-term external debt with a maturity of one year or less totaled $115.3 billion as of the end of 2014, gaining $3.5 billion ...

Updated : 2015.03.05 09:25

Strong foreign buying spurs KOSDAQ rally

Foreigners' stock holdings in South Korea's tech-heavy KOSDAQ bourse surged 52.5 percent last month from 14 months earlier to buttress its recent rally, the financial watchdog said Thursday.Their stock ownership came to 18 trillion won ($16.4 billion) as of end-February, compared with 11.8...

Updated : 2015.03.05 09:23

Seoul shares edge down on U.S. stock falls, ECB meeting

South Korean stocks finished lower on Wednesday due to overnight falls on Wall Street and anticipation of a key ECB meeting later this week, analysts said. The South Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index 3.09 gave up points, or 0.15 percent...

Updated : 2015.03.04 15:52

S. Korean asset managers' property increases in Q3

South Korean asset management firms' property edged up 2.1 percent in the third quarter of last year from six months earlier on a rise in securities, the financial watchdog said Wednesday.The total property of 86 asset managers stood at 3.7 trillion won ($3.37 billion) as of September last...

Updated : 2015.03.04 14:41

Bank of Korea's net profit falls to 7-year low

South Korea's central bank saw its net profit fall to the lowest level in seven years last year due to unfavorable macroeconomic circumstances, data showed Wednesday.The Bank of Korea's net profit for 2014 came in at 1.98 trillion won ($1.81 billion), shrinking 4 percent from the previous ...

Updated : 2015.03.04 14:28

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