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Seoul shares tad down on institutional selling

South Korean stocks closed slightly lower Thursday, as institutional investors opted to cash in profits from the recent rally amid a lack of fresh momentum in the market, analysts said. The local curr...

Updated : 2017.03.30 16:03

Rates for household loans inch down in February

Bank lending rates on new household loans edged down in February and interest rates paid by banks on new deposits also fell, central bank data showed Thursday.The average interest rates on fresh house...

Updated : 2017.03.30 12:10

Seoul shares down 0.26% in late-morning trade

South Korean stocks snapped earlier gains and turned bearish late Thursday morning, as widening losses in airlines and foodmakers pushed down the main index, analysts said. The benchmark Korea Composi...

Updated : 2017.03.30 11:44

Kakao's Internet bank to get final approval on April 5

The Internet bank of Kakao Corp., South Korea's dominant chat app, is expected to win a final regulatory approval early next month, an industry source said Thursday, clearing the final hurdle for Kaka...

Updated : 2017.03.30 11:08

KDB informs creditors of outcome of due diligence on Daewoo Shipbuilding

The main creditor of Daewoo Shipbuilding & Marine Engineering Co. on Thursday informed private creditors and bondholders of the outcome of due diligence on the troubled shipbuilder, as part of its eff...

Updated : 2017.03.30 10:59

BOK vows to keep monetary easing policy

South Korea's central bank vowed Thursday to maintain the current monetary easing policy to support growth.The Bank of Korea has left its key rate unchanged at an all-time low of 1.25 percent since Ju...

Updated : 2017.03.30 10:55

Seoul shares edge up despite foreign sell-off

South Korean stocks closed slightly higher on Wednesday, aided by gains in key blue-chips, although foreigners turned to net sellers. The local currency fell slightly against the US dollar. The benchm...

Updated : 2017.03.29 16:45

'Korea still has room for monetary policy to support growth'

Cho Dong-chul, one of the seven members of the Bank of Korea’s key rate-setting committee, said Wednesday that Korea should still seek a monetary policy to sustain the nation’s weak growth.His comme...

Updated : 2017.03.29 15:13

[News Focus] Multinational firms using royalties to avoid tax: expert

Multinational firms in South Korea tend to transfer much higher proportions of their revenues to their headquarters overseas in dividends and royalties than their Korean counterparts, an expert said M...

Updated : 2017.03.29 14:11

Korean households' surplus funds fall in 2016

Surplus funds held by South Korean households and nonprofit institutions fell in 2016 from a year earlier as they reduced their investments in stocks and bonds, central bank data showed Wednesday.The ...

Updated : 2017.03.29 13:13

Seoul shares nearly flat in late-morning trade

South Korean stocks traded nearly flat late Wednesday morning, as a fall in shares of domestic-focused firms offset gains in tech issues, analysts said. The benchmark Korea Composite Stock Price Index...

Updated : 2017.03.29 12:07

Woori Bank offers W85b credit facility in China

South Korea's Woori Bank said Wednesday it has offered a won-denominated usance letter of credit worth 85 billion won ($76.2 million) to some Chinese banks, including the Bank of China and the Bank of...

Updated : 2017.03.29 11:42

Cosmetics export to China soars in Jan-Feb despite THAAD row

South Korea's export of cosmetics products to China jumped in the first two months of this year from a year earlier, industry data showed Wednesday, underscoring solid gains in trade despite the trade...

Updated : 2017.03.29 10:38

Households log first 'interest deficit' in 2016

South Korean households posted the first deficit in the so-called interest balance in 2016 as their interest payments grew at a much faster pace than interest income, central bank data showed Wednesda...

Updated : 2017.03.29 10:33

Seoul shares open tad higher on US rally

South Korean stocks opened slightly higher Wednesday, tracking overnight gains on Wall Street that were spurred by positive consumer data, analysts said. The benchmark Korea Composite Stock Price Inde...

Updated : 2017.03.29 10:28