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Seoul stocks retreat from all-time high on foreign sell-offs

South Korean stocks slumped on Wednesday, retreating from the previous session's all-time high, as foreign investors remained net sellers. The Korean won declined against the US dollar. The benchmark ...

Updated : 2017.06.28 16:10

30% of senior citizens received pensions in 2016: report

The percentage of elderly South Koreans receiving public or private pensions stood at 30 percent in 2016, a government report showed Wednesday.The report by the Board of Audit and Inspection, which an...

Updated : 2017.06.28 13:28

Korean shares down in late morning trading

South Korean shares traded lower late Wednesday morning as sentiment subdued after a key vote on US President Donald Trump's healthcare reform was delayed. The benchmark Korea Composite Stock Price ...

Updated : 2017.06.28 11:35

Insurers required to raise capital reserves from year-end

Insurance firms in South Korea are required to gradually increase their capital reserves from the end of this year, the financial regulator said Wednesday, in the latest step to help them better cope with changes in global accounting rules.South Korea is one of more than 100 nations that w...

Updated : 2017.06.28 11:20

Chipmaking, petrochemical sectors to benefit from bullish market: report

South Korea's chipmaking and petrochemical sectors are positioned to benefit the most from the ongoing global economic recovery, with the sectors' exports expected to remain bullish moving forward, a ...

Updated : 2017.06.28 10:58

[Advertorial] KDB Foundation begins 2017 art education for marginalized kids

The state-run Korea Development Bank said Tuesday its KDB Foundation has begun its annual art education project for elementary school children in low-income households, as part of its long-term social...

Updated : 2017.06.27 18:32

Seoul stocks close at all-time high for 2nd session

South Korean stocks closed at an all-time high Tuesday for a second straight session, helped by a net purchase by retail investors. The Korean won rose against the US dollar.The benchmark Korea Compos...

Updated : 2017.06.27 16:20

Banks urged to mitigate risks from household lending

Financial authorities have urged banks to take measures to mitigate risks from household lending, before tightening rules on home lending early next month, an official said Tuesday. At a meeting with ...

Updated : 2017.06.27 13:00

Korean shares hit fresh intraday high on retail buying

South Korean shares hit a fresh intra-day high late Tuesday morning, thanks to a retail investor buying spree. The benchmark Korea Composite Stock Price Index gained 1.51 points, or 0.06 percent, to 2...

Updated : 2017.06.27 11:47

Oil-focused funds lose big on falling crude prices

South Korea's three oil commodity exchange traded funds have posted abysmal returns over the past month due to falling international crude prices, a fund evaluation firm said Tuesday.With crude prices...

Updated : 2017.06.27 10:12

Price index gap between major, minor bourses hits new high

The price index gap between South Korea's main and secondary bourses has hit a new high as the current bull run of the local stock market is driven largely by big caps, data showed Tuesday.The benchma...

Updated : 2017.06.27 10:10

Seoul stocks start lower on profit-taking

South Korean shares opened marginally lower Tuesday as investors opted to cash in part of recent gains.The benchmark Korea Composite Stock Price Index slipped 1.34 points, or 0.06 percent, to 2,387.32...

Updated : 2017.06.27 10:00

Kospi resumes record run in 2 weeks

The main bourse in South Korea resumed its record run in 11 trading days on Monday.The benchmark Korea Composite Stock Market Index closed at 2,388.66, up 0.42 percent, or 10.06 points from Friday clo...

Updated : 2017.06.26 18:28

Legal battle continues between Mirae Asset and SME head

The ongoing lawsuit raised in 2016 by a Coffee Bean and Tea Leaf franchise in China against Mirae Asset Financial Group and Chairman Park Hyeon-joo has become more complicated, as the franchise’s CEO...

Updated : 2017.06.26 17:24

Crude oil slump casts shadow on monetary tightening

The prolonged slump in crude oil prices may put a damper on the South Korean central bank’s anticipated monetary tightening, industry watchers said Monday. This came after oil prices spiraled to a re...

Updated : 2017.06.26 16:20