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Korean shares up in late morning trade

South Korean shares traded higher late Wednesday morning, set to close at a fresh record high, as individual buyers scooped up market heavyweights amid upward momentum, analysts said.The benchmark Kor...

Updated : 2017.05.24 11:47

Seoul shares open higher on Wall Street gains

South Korean stocks opened higher Wednesday, taking a cue from overnight gains on Wall Street.The benchmark Korea Composite Stock Price Index added 9.28 points, or 0.4 percent, to 2,321.02 in the firs...

Updated : 2017.05.24 10:37

Koreans' overseas stock investment jumps 40% this year

South Koreans' overseas stock investment has jumped nearly 40 percent in 2017 from a year ago, data showed Wednesday, as retail investors apparently turn to foreign markets amid a domestic rally domin...

Updated : 2017.05.24 09:21

[Newsmaker] Kospi cruises past 2,300, despite foreign selling

South Korea‘s main bourse extended record-setting rallies for the second consecutive day Tuesday on robust institutional buying that offset foreign selling.The benchmark Korea Composite Stock Price I...

Updated : 2017.05.23 16:16

BOK forecast to freeze key rate for May: poll

South Korea's central bank is tipped to hold its benchmark interest rate steady for May amid expectations of a possible US rate hike and a recovery in the local economy, a poll showed Tuesday.The surv...

Updated : 2017.05.23 14:20

Household debt growth slows in Q1

Growth of South Korea’s household debt slowed in the first quarter but its total balance still remained at a high level, data by the Bank of Korea showed Tuesday. Household credit grew by 17.1 trilli...

Updated : 2017.05.23 14:10

Korean shares up in late morning trading

South Korean stocks traded higher on late Tuesday morning led by gains in top market cap Samsung Electronics and other market heavyweights.The benchmark Korea Composite Stock Price Index  climbed 16....

Updated : 2017.05.23 11:59

Korea to hold annual meeting with S&P

Global credit appraiser Standard & Poor's will have its annual meeting with South Korean policymakers this week to assess the nation's overall economic situation and credit status, the finance ministr...

Updated : 2017.05.23 11:58

Seoul shares open higher on tech shares

South Korean stocks opened higher on Tuesday, largely helped by bullish tech large caps, analysts said.The benchmark Korea Composite Stock Price Index added 3.18 points, or 0.14 percent, to reach 2,30...

Updated : 2017.05.23 09:24

Korea ranks No. 1 in mobile finance usage in Asia-Pacific region: report

South Korea has trumped other Asian Pacific countries in terms of mobile financial service usage, a report showed Monday.Users in South Korea had over 7 billion sessions in banking apps in 2016, which...

Updated : 2017.05.22 17:52

Seoul stocks hit 2,300 roof, sign of economic recovery: analysts

South Korean shares ended sharply higher Monday to breach the 2,300 point mark for the first time ever on renewed hopes for improved economic recovery following the launch of the new Moon Jae-in admin...

Updated : 2017.05.22 17:44

Regulators to pave way for 4th credit appraiser

Financial regulators in South Korea said Monday they were seeking the entry of a fourth credit appraiser into the market, to improve credit rating market confidence and reduce collusive ties between r...

Updated : 2017.05.22 16:30

Banking federation embraces 2nd internet-only bank

KakaoBank of Korea, the second online-only bank in the country set to start its services in June, has joined the Korea Federation of Banks.The KFB said Monday that KakaoBank of Korea had become the 22...

Updated : 2017.05.22 16:28

Korean stocks reach record high of 2,304 fueled by foreign buying

South Korean shares breached the 2,300-point mark for the first time ever as foreign investors scooped up major tech stocks amid sound corporate earnings, bucking overnight gains on Wall Street, analy...

Updated : 2017.05.22 16:06

Finance chief nominee wants to raise taxes, create jobs

Following his nomination by President Moon Jae-in on Sunday as deputy prime minister for the economy and finance minister, Kim Dong-yeon said his main objectives will be to revitalize the country’s l...

Updated : 2017.05.22 15:16