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Analysts warn of KOSDAQ bubble

Korea’s secondary stock market, the technology-laden KOSDAQ, has recently been on a volatile ride of record highs and sharp falls.Though some investors maintained hope for another bullish rally, market observers warned late movers against taking rash actions, as bubbles may burst in the m...

Updated : 2015.04.27 20:09

Dollar-won hits 6-month low

The Korean currency has continued to gain against the dollar as more traders bet on the U.S. Federal Open Market Committee delaying the timing of interest rate increases.About a month after the possibility emerged, the dollar slid 6.4 won, or 0.57 percent, on Monday from the previous tradi...

Updated : 2015.04.27 20:09

Finance minister stresses steps to bolster economic recovery

The government should take active measures to prop up the recovery of the economy that has been slow to gain momentum amid slumping exports and still weak domestic demand, the top economic policymaker said Monday.  Speaking to a meeting of senior ministry officials, Finance Minister Choi...

Updated : 2015.04.27 17:59

Microloans to be issued for students, young debtors

A credit recovery organization will operate a special loan program to alleviate the high interest rate burden for young people in their 20s and to support their living expenses through low interest loans.Financial authorities will also reinforce their administrative guidance, warning young...

Updated : 2015.04.26 18:29

Kia Motors' net climbs 3.1 pct in Q1

Kia Motors Corp., South Korea's second-largest automaker, said Friday its first-quarter net profit rose slightly thanks to earnings from equity investment and other extra profit. Net income came to 903.2 billion won ($835.9 million) during the January-March period, up 3.1 percent from the ...

Updated : 2015.04.24 16:08

Ssangyong shares plunge on denial of stake hike

Shares of Ssangyong Motor Co. nosedived nearly 10 percent Friday after the company denied a media report that its parent firm Mahindra & Mahindra of India is planning to jack up its stake in the carmaker. Earlier this week, an Indian news outlet reported that Mahindra would be increasing i...

Updated : 2015.04.24 16:06

Kia Motors' net climbs 3.1 pct in Q1

Kia Motors Corp., South Korea's second-largest automaker, said Friday its frist-quarter net profit rose slightly thanks to earnings from equity investment and other extra profit. Net income came to 903.2 billion won ($835.9 million) during the January-March period, up 3.1 percent from the ...

Updated : 2015.04.24 11:25

Quarterly growth remains below 1%

South Korea’s economic growth continued to stagnate in January to March, drawing concern as private consumption and slowing exports pulled growth below 1 percent for the fourth consecutive quarter.Th...

Updated : 2015.04.23 20:31

SC Bank caters to busy customers

Like many Korean nine-to-fivers, Kim, an official at a big name conglomerate, had trouble sparing time in his day to visit banks for a loan. He was afraid to give the wrong impression to his boss by l...

Updated : 2015.04.23 20:11

Won hits 7-year high against yen

The Japanese yen dipped to the lowest level against the Korean won in more than seven years on Thursday amid the Abe administration’s continued stimulus policy of quantitative easing.The Japanese cur...

Updated : 2015.04.23 20:10

Cherry blossoms and financial reforms

This is the first in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed.Early in April, the cherry blossoms were blooming in Yeouido, Seoul, where winters are long and cold. The falling petals of cherry blos...

Updated : 2015.04.23 20:08

KT&G's Q1 net up 64 pct on price hike

KT&G Corp., South Korea's state-run tobacco producer, said Thursday its first-quarter net profit jumped 64.1 percent, due mainly to increased margin from price hikes and currency gains from dollar-denominated debts.Its net profit came to 308.77 billion won ($284.72 million) on a consolidat...

Updated : 2015.04.23 13:47

S. Korean firms' sales fall by record pace in 2014

South Korean companies suffered a record drop in sales in 2014 as unfavorable exchange rates and weakening oil prices pummeled major exporters, central bank data showed Thursday.Sales at 1,536 listed firms and 195 non-listed key companies sank 1.5 percent on-year in 2014, falling the most ...

Updated : 2015.04.23 13:20

Mobile stock trading hits record high in March

Stock transactions via mobile gadgets in South Korea reached a record high in March as a rising number of retail investors turned to smartphones and tablets for trading, the bourse operator said Thursday. Mobile devices accounted for 13.4 percent of total transactions in the main KOSPI mar...

Updated : 2015.04.23 09:18

Loan giant seeks to expand presence in EU market

Apro Service Group, which incorporates the nation’s largest private lender Rush and Cash, opened a subsidiary in Poland, hoping to later expand into the European market.“By launching Apro Financial Poland, we shall secure a bridgehead to pioneer into the European market,” Choi Yoon, gro...

Updated : 2015.04.22 18:57