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[Monitor] Tax revenues from alcohol top 3 trillion won

Tax revenues from alcohol surpassed 3 trillion won in 2015 for the first time, according to the Finance Ministry and the National Tax Service. The government said it collected a total of 3.227 trillio...

Updated : 2016.08.30 18:21

Hanjin Shipping teeters on verge of court receivership

The creditors of Hanjin Shipping on Tuesday decided not to extend their financial support to the cash-strapped shipping line, raising the prospect of Korea’s top shipper filing for court receivership...

Updated : 2016.08.30 17:55

KKR picks former LG man for Korea operations

One of KKR’s largest and most profitable investments was bottled beers produced by Korean Oriental Brewery. (Yonhap)US-based private equity fund KKR is hiring a former LG Electronics executive to run...

Updated : 2016.08.30 17:50

Korea’s 2017 budget to focus on welfare, jobs

The South Korean government will increase its spending to 400.7 trillion won next year, up 3.7 percent from this year, with a primary focus on boosting social welfare and creating jobs through fiscal ...

Updated : 2016.08.30 17:47

Receivership looms larger over Hanjin Shipping

Creditors of Hanjin Shipping Co. on Tuesday decided not to extend additional support to the cash-strapped shipper, creditor sources said, triggering speculation about its possible court receivership.A...

Updated : 2016.08.30 14:09

Ratio of short-term debt to foreign reserves edges up in Q2

South Korea's ratio of short-term foreign debt to foreign reserves rose in the second quarter on increased borrowings by local banks, data showed Tuesday.The country's short-term external debt, with a...

Updated : 2016.08.30 14:02

Korean stocks open higher on Wall Street gains

South Korean stocks opened higher Tuesday following Wall Street's overnight rise.The benchmark Korea Composite Stock Price Index climbed 13.51 points, or 0.66 percent, to 2,045.86 in the first 15 minutes of trading.The advance was apparently helped by gains in the New York stock exchange. ...

Updated : 2016.08.30 09:44

Corporate bond issuance falls on economic uncertainties

South Korean firms continued to reduce equity and bond issuance in July, government data showed Tuesday, amid lingering uncertainties over business conditions at home and abroad.The value of stocks an...

Updated : 2016.08.30 09:08

[Contribution] Financial order established by tackling illegal practices

The Financial Supervisory Service recently announced that 77 scammers were arrested in collaboration with police. The scammers pocketed approximately 150 billion won ($133.6 million) by cheating indiv...

Updated : 2016.08.29 17:04

KB Financial aids young people with disabilities

Participants of this year’s KB Hope Camp pose for photographs. (KB Financial Group)KB Financial Group continues to reach out to underprivileged youth through various annual programs. Some 120 young p...

Updated : 2016.08.29 16:37

Eugene Tech expects upward momentum from 3-D NAND memory

This is the 20th in a series of articles analyzing major companies by market capitalization traded on the tech-heavy Kosdaq market. – Ed  As devices evolve quickly and consume more and more memory, ...

Updated : 2016.08.29 16:02

Corporate loans slightly increase in Q2

Loans extended by local lenders to businesses rose slightly at the end of June from three months earlier due to increased facility investments, central bank data showed Monday.Outstanding loans extend...

Updated : 2016.08.29 14:17

Listed firms improve debt ratio: data

South Korean companies listed on the nation's main bourse have marginally improved their financial health this year, data showed Monday.The average debt ratio of 626 firms listed on the Kospi market t...

Updated : 2016.08.29 10:54

Brokerage firms' net income rises on brisk stock trade

The net profits of 54 securities firms in South Korea rose 1.5 percent on-quarter to 621.4 billion won ($557.8 million) in the second quarter of the year, government data showed Monday.Revenue from br...

Updated : 2016.08.29 10:42

Expectations grow for US rate hike in September

Since the US Federal Reserve signaled last week that it was close to raising its interest rates soon, economic policymakers in Seoul are on edge for the potential impact to Korea’s fragile economy an...

Updated : 2016.08.28 17:47