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More households will face default risk with market rate hikes: BOK

South Korea’s central bank on Thursday warned that the number of highly-indebted households at default risk could go even higher with interest rates in the financial market likely to rise in coming ...

Updated : 2017.06.22 17:09

[News Focus] Behind NCsoft’s stocks plunge lies the power of tradable items

Item trading involving cash exchange is often seen as the culprit behind game-related crimes in South Korea, even causing cases of fraud or physical violence among game players. The feature is also ...

Updated : 2017.06.22 16:36

Korean shares end higher on large-cap gains

South Korean stocks ended slightly higher Thursday as investors scooped up large-cap stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 12.84 poi...

Updated : 2017.06.22 16:13

KDB’s ‘Next Round’ program targets start-ups

To help startups prepare for the future, Korea Development Bank has been running the “KDB Next Round” program that helps link companies with new investors. First launched in August last year, KDB...

Updated : 2017.06.22 15:39

Korean shares extend gains on tech, airline stocks

South Korean shares extended gains late Thursday morning as foreigners turned net buyers. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index rose 7.19 points, ...

Updated : 2017.06.22 13:43

Value of stocks owned by 100 richest shareholders jumps 21.3%

The combined value of stocks owned by South Korea's 100 richest stockholders has jumped 21.3 percent, helped by a rally in the stock market, industry data showed Thursday. The benchmark Korea Compos...

Updated : 2017.06.22 10:28

Mortgage applications soar on anti-speculation steps

South Korea's four major lenders saw mortgage applications jump nearly 11 percent shortly after the government unveiled measures to cool the property market this week, sources said Thursday. The fin...

Updated : 2017.06.22 10:22

Seoul shares open higher despite US losses

South Korean stocks opened higher Thursday despite overnight losses on Wall Street, led by gains in top cap Samsung Electronics. The won rose against the US dollar. The benchmark Korea Composite Sto...

Updated : 2017.06.22 10:17

Probe on NCsoft short selling launched

The financial regulators launched a probe Wednesday on the massive short sellings of the game developer NCsoft the previous day, amid market concerns over alleged insider trading. On Tuesday, a day ...

Updated : 2017.06.21 18:34

[Monitor] Nearly half of Korean workers pay no income tax

Nearly half of South Korean workers paid no income tax in 2015, a state-run think tank‘s report showed Tuesday. According to the report by the state-run Korea Institute of Public Finance, 46.5 perc...

Updated : 2017.06.21 18:12

MSCI decision unlikely to dampen Korean stock markets: FSC

South Korea’s stock markets are unlikely to be dampened despite foreign cash flight triggered by the MSCI’s plans to add China A Large Cap shares to its benchmark emerging markets index starting ne...

Updated : 2017.06.21 17:46

Seoul stocks end lower on foreign selling, US losses

South Korean stocks ended lower on Wednesday as foreigners turned net sellers tracking losses on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Ind...

Updated : 2017.06.21 16:42

‘Coinless Society’ project gets tepid response

Kim Kyung-min, 27, was not aware of a pilot project by the Bank of Korea to reduce the use of coins until she was told by The Korea Herald. “Things would be convenient if I were able to receive cha...

Updated : 2017.06.21 12:33

Korean shares extend losses on foreign selling

South Korean shares extended losses late Wednesday morning as foreigners dumped stocks on profit taking. The won traded lower against the dollar. The benchmark Korea Composite Stock Price Index fell...

Updated : 2017.06.21 11:31

Corporate direct financing dips 27% in May

South Korean companies' equity and debt sales tumbled 27 percent on-month in May due mainly to a plunge in stock issuance, government data showed Wednesday. Local companies raised 14.5 trillion won ...

Updated : 2017.06.21 09:41