North Korea loses world judo event because of security risk

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Guidelines eased on policy loans for low-income earners

South Korea's financial regulator said Sunday that it has eased guidelines on policy loans for low-income earners, allowing them to benefit from the government-backed micro-financing programs. Detai...

Updated : 2017.04.02 12:34

Commercial lenders pressured to accept Daewoo Shipbuilding debt rescheduling

Creditors of cash-hungry Daewoo Shipbuilding & Marine Engineering Co. are ratcheting up pressure on commercial lenders to accept a massive debt-for-equity swap, a three-year grace period on remaining...

Updated : 2017.04.02 12:30

Daily debit card spending in Korea up 15.2% in 2016

Daily debit card spending rose 15.2 percent in 2016 from a year earlier, central bank data showed Friday, in the latest sign of growing popularity of debit cards that offer tax benefits. Debit card ...

Updated : 2017.03.31 15:18

Seoul shares almost flat in late-morning trade

South Korean stocks traded nearly unchanged late Friday morning, as bearish tech stocks capped gains in foodmakers and oil refiners, analysts said. The benchmark Korea Composite Stock Price Index in...

Updated : 2017.03.31 13:38

Export-Import Bank of Korea suffers first loss in 2016

The Export-Import Bank of Korea, one of South Korea's state-run policy banks, suffered a net loss of 1.46 trillion won ($1.3 billion) last year, hit by higher provisions against its loans extended to...

Updated : 2017.03.31 11:08

KRX exports stock IT system to 8 nations

The South Korean stock market operator said Friday it has exported its advanced IT system for stock trading to Malaysia and seven other countries over the past decade, earning more than 80 billion wo...

Updated : 2017.03.31 09:41

Seoul shares open tad higher on steelmaker, auto gains

South Korean stocks opened slightly higher Friday, buoyed by strong blue chip steelmakers and automobiles, analysts said. The benchmark Korea Composite Stock Price Indexticked up 0.78 point, or 0.04...

Updated : 2017.03.31 09:39

Seoul shares tad down on institutional selling

South Korean stocks closed slightly lower Thursday, as institutional investors opted to cash in profits from the recent rally amid a lack of fresh momentum in the market, analysts said. The local cur...

Updated : 2017.03.30 16:03

Rates for household loans inch down in February

Bank lending rates on new household loans edged down in February and interest rates paid by banks on new deposits also fell, central bank data showed Thursday. The average interest rates on fresh ho...

Updated : 2017.03.30 12:10

Seoul shares down 0.26% in late-morning trade

South Korean stocks snapped earlier gains and turned bearish late Thursday morning, as widening losses in airlines and foodmakers pushed down the main index, analysts said. The benchmark Korea Compo...

Updated : 2017.03.30 11:44

Kakao's Internet bank to get final approval on April 5

The Internet bank of Kakao Corp., South Korea's dominant chat app, is expected to win a final regulatory approval early next month, an industry source said Thursday, clearing the final hurdle for Kak...

Updated : 2017.03.30 11:08

KDB informs creditors of outcome of due diligence on Daewoo Shipbuilding

The main creditor of Daewoo Shipbuilding & Marine Engineering Co. on Thursday informed private creditors and bondholders of the outcome of due diligence on the troubled shipbuilder, as part of its ef...

Updated : 2017.03.30 10:59

BOK vows to keep monetary easing policy

South Korea's central bank vowed Thursday to maintain the current monetary easing policy to support growth. The Bank of Korea has left its key rate unchanged at an all-time low of 1.25 percent since...

Updated : 2017.03.30 10:55

Seoul shares edge up despite foreign sell-off

South Korean stocks closed slightly higher on Wednesday, aided by gains in key blue-chips, although foreigners turned to net sellers. The local currency fell slightly against the US dollar. The benc...

Updated : 2017.03.29 16:45

'Korea still has room for monetary policy to support growth'

Cho Dong-chul, one of the seven members of the Bank of Korea’s key rate-setting committee, said Wednesday that Korea should still seek a monetary policy to sustain the nation’s weak growth. His co...

Updated : 2017.03.29 15:13