Gwangju Universiade torch arrives in S. Korea

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[Herald Interview] Agricultural exports need stronger R&D, coherent hansik branding: aT chief

The Korea-China free trade agreement to be formally signed later this year, provides an opportunity for Korean food products to expand into the world’s second largest economy, said the head of the st...

Updated : 2015.05.25 19:40

Government criticized for lack of transparency on ISDS suit

While the South Korean government is facing its second international arbitration under the investor-state dispute settlement system, civic groups are demanding that the details should be made public as they could cost several billion dollars of taxpayers’ money.The groups claimed that the...

Updated : 2015.05.25 19:37

Seoul to make cross-border money transfers easier

South Korea plans to push for financial deregulation to make it easier for people to transfer money across borders without going through banks, the government said Sunday.The move aims to allow securities firms, insurers and most importantly FinTech companies to handle transfers that can h...

Updated : 2015.05.24 14:54

Seoul shares likely to keep upward march next week

South Korean stocks are expected to continue to build up gains next week as foreign investors hold on to their buying binge of local stocks amid improving global liquidity circumstances, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,146.1 points...

Updated : 2015.05.23 11:39

Stark reality hits local firms at Seoul Food fair

Seoul Food 2015, one of the four largest food fairs in Asia, drew about 627 foreign food and related businesses and 3,300 foreign spectators, shedding a new light on South Korea’s exporters.Sponsored...

Updated : 2015.05.22 18:31

Chinese stock connect fuels Korean investors' appetite

A growing number of South Koreans have invested in the Chinese stock market after a bourse link scheme began six months ago, but rising concern over a bubble has made them rethink their next move, market watchers said Friday.   South Korean investors traded 6.87 trillion won ($6.26 billi...

Updated : 2015.05.22 13:28

Korea, Japan likely to discuss revival of currency swap

The nation’s manufacturing industries are pinning hopes on the meeting between finance ministers of Korea and Japan Saturday amid lackluster exports in the wake of the won’s record strength against ...

Updated : 2015.05.21 19:12

FSC seeks new sell-off options for Woori Bank

Financial Services Commission chairman Yim Jong-yong said on Thursday that the sell-off method for the state-run Woori Bank should be more diverse.“The sell-off method must be diversified, unlike the old system that merely involves bridging the buyer and Woori for a certain amount of prem...

Updated : 2015.05.21 19:09

‘Yeongjongdo less attractive than Macau’

MACAU ― Global investors are not very enthusistic about South Korea’s plan to allow additional casino-centered integrated resorts in the metropolitan Incheon’s Yeongjongdo Island area to promote th...

Updated : 2015.05.21 19:08

Regulator eyes electronic securities system by 2019

South Korea's top financial regulator said Thursday that it is planning to introduce an electronic securities system by 2019, under which stocks and bonds do not exist as a paper form. The Financial Services Commission said under the new system, issuance, registration and circulation of s...

Updated : 2015.05.21 11:57

Korea’s GDP growth may stay below 3%: KDI

A major state-controlled think tank forecast Wednesday that South Korea’s economic growth may stay below 3 percent this year due to a continued slump in exports.In its predictions on the nation’s economy in 2015 and 2016, the Korea Development Institute cited numerous factors domesticall...

Updated : 2015.05.20 19:16

Stakeholders seek to bring Asian casino business back in the game

MACAU ― Macau’s casino industry, which had enjoyed high growth in past years, is now seeing its revenues drop for the first time, which is reason enough for concern to all stakeholders in the Asian ...

Updated : 2015.05.19 19:04

Top financial regulator urges full disclosure of company info

South Korea's top financial regulator said Tuesday that all companies are responsible for disclosing their information in a full, fair and timely manner in order to create a transparent and investor-friendly financial environment.  "In order to invigorate the financial market, we have to...

Updated : 2015.05.19 15:17

[Newsmaker] Lone Star suit weighs heavily on Seoul

The ongoing suit over a multibillion-dollar investment compensation against U.S. private equity firm Lone Star is a battle with no retreat for the South Korean government, which has much to lose.The $...

Updated : 2015.05.18 19:41

FSC to ease restrictions on opening bank accounts

South Korea’s top financial regulator said Monday that it will allow customers to open bank accounts without physically visiting brick-and-mortar offices from later this year as part of efforts to ease regulations on the financial industry and boost financial technology, or fintech.Under ...

Updated : 2015.05.18 18:46