Kerry meets Southeast Asia ministers after Chinese win

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Chinese firms vie for ING Life Korea acquisition

Yet another Korean life insurance company may be taken over by China. The race to acquire ING Life Insurance’s Korean unit is shaping up to be an all-China affair, with the final round of bidding sch...

Updated : 2016.07.25 17:31

Small and Medium Business Corp. to issue US$300m bonds

[THE INVESTOR] Small and Medium Business Corp. (SBC) will issue US dollar-denominated bonds at the end of August, local news reported on July 25. Reports citing unnamed sources said that the SBC is pl...

Updated : 2016.07.25 17:15

S-Oil Q2 net rises 3.8% on refining, petrochemicals

S-Oil Corp., the No. 3 oil refiner in South Korea, said Monday that its second-quarter net profit gained 3.8 percent from a year earlier, largely thanks to an improvement in its refining business and ...

Updated : 2016.07.25 16:48

Banks required to set aside more foreign exchange reserves

South Korea's top financial regulator said Monday that it would mandate local banks to set aside more foreign exchange reserves starting next year to better deal with any possible massive foreign capi...

Updated : 2016.07.25 16:45

Korean stocks end almost flat

South Korean stocks closed almost unchanged Monday as investors took to the sidelines waiting for a slew of key data and economic events in the coming days. The Korean won fell against the U.S. dollar...

Updated : 2016.07.25 15:44

Foreign securities firms cut S. Korean operations

[THE INVESTOR] Foreign securities companies are reducing their South Korean operations as potential profitability falls. According to local financial industry sources, the number of executives at fore...

Updated : 2016.07.25 15:41

Foreigners net-buy 3 tln won of Korean stocks in July

Foreign traders have favored South Korean tech shares recently, while turning their backs on the automobile sector, data showed Monday.Foreigners scooped up a net 2.96 trillion won ($2.6 billion) wort...

Updated : 2016.07.25 15:32

Korea's terms of trade improve in June

South Korea's terms of trade improved from a year earlier in June due to bigger declines in import prices compared to drops in export prices, central bank data showed Monday.The terms of trade index f...

Updated : 2016.07.25 13:06

Chinese investor may win bid for ING's Korea unit

A Chinese buyer is expected to win the bid to acquire South Korea's fifth-largest life insurer by assets, industry sources said Monday.MBK Partners, a South Korean private equity fund, plans to begin ...

Updated : 2016.07.25 11:05

Korea's ranking in stock market cap rises to 14th

South Korean stock market capitalization has grown 2.3 percent this year to rank as the world's 14th despite a host of challenges at home and abroad, data showed Monday.The combined market cap of loca...

Updated : 2016.07.25 10:21

[EQUITIES] Shinhan Investment forecasts Hotel Shilla’s Q3 profit to jump 1312% to W39.5b

[THE INVESTOR] Shinhan Investment forecast Hotel Shilla’s second-half profit to rise on improving profit margins in both the hotel and duty-free business in the second half of the year. Third quarter...

Updated : 2016.07.25 10:01

[EQUITIES] NH Investment & Securities sees SK Innovation’s Q3 profit declining 42%

[THE INVESTOR] NH Investment said on July 25 that SK Innovation’s third-quarter operating profit will fall 42.1 percent on-quarter to 647.9 billion won (US$569.43 million). The figure, however, will ...

Updated : 2016.07.25 09:30

Longer trading hours to start Aug. 1

South Korea will extend its trading hours for its equities, derivatives, gold futures and foreign exchange markets from Aug. 1 to boost its financial market status in line with the Morgan Stanley Capi...

Updated : 2016.07.24 15:59

Korea’s Supreme Court dismisses suit filed by ex-KEB shareholders against Lone Star

[THE INVESTOR] A lawsuit filed by minority shareholders of KEB Hana Bank against Lone Star Funds was dismissed by South Korea’s highest court. A group of shareholders including a former lawmaker and ...

Updated : 2016.07.22 17:24

State-run banks to receive W1.4tr injection

[THE INVESTOR] The government will inject 1.4 trillion won (US$1.23 billion) into state-run banks closely involved in shipbuilding and shipping industries’ restructuring. According to the supplementa...

Updated : 2016.07.22 16:47