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Uncollected basic pensions top nearly W400b since 2014

The outstanding amount of unpaid basic pensions in South Korea has reached almost 400 billion won ($353.6 million) over the past two years, due largely to a decline in pension applications, parliamen...

Updated : 2017.03.19 16:25

Corporate tax payments by 10 biggest chaebol rise in 2016 helped by Samsung: data

Corporate tax payments made by South Korea's 10 biggest business groups rose slightly in 2016 from a year earlier due mainly to robust earnings by Samsung Electronics Co. amid surging semiconductor a...

Updated : 2017.03.19 13:00

Finance minister briefs IMF chief on foreign exchange

South Korean Finance Minister Yoo Il-ho gave a detailed briefing on the country's foreign exchange policy when he met with IMF chief Christine Lagarde on Friday amid concern the United States could d...

Updated : 2017.03.18 10:52

Kospi touches fresh near 2-year high

South Korea’s main bourse on Friday hit the highest point in almost two years amid diffused concerns on US rate hikes and continued rallies by Samsung Electronics‘ and other heavyweights. The Kosp...

Updated : 2017.03.17 17:21

Seoul stocks hit fresh 2-year highs on eased Fed rate concerns, foreign buying

South Korean stocks reached fresh highs in almost two years on Friday, extending the winning streak to a second day, on eased concerns over the pace of rate hikes in the US and extended foreign buyin...

Updated : 2017.03.17 16:04

Korean stocks up in late morning trade

South Korean stocks traded slightly higher late Friday morning, after swinging between gains and losses, after hitting an almost two-year high in the previous session on the back of eased concerns ov...

Updated : 2017.03.17 13:34

KOSPI-KOSDAQ gap widens amid bullish mood for big caps

The market capitalization gap between South Korea's two stock trade boards -- KOSPI and KOSDAQ -- has continued to grow recently as institutional investors have increasingly favored the main market o...

Updated : 2017.03.17 10:50

Stocks open lower on tech loss

South Korean stocks opened slightly lower Friday, after a surge in the previous session following the US Federal Reserve's rate hike. The benchmark Korea Composite Stock Price Index fell 0.35 point,...

Updated : 2017.03.17 10:44

South Korean stocks rally, currency firm after US Fed announcement

South Korea’s benchmark stock index hit a near two-year high Thursday, while the local currency strengthened more than 1 percent, following the US interest rate hike overnight. The Korea Composite ...

Updated : 2017.03.16 18:26

Korean stocks up late morning trade

South Korean stocks traded higher late Thursday morning, but pared their earlier gains on profit-taking, as the US Federal Reserve, as expected, raised interest rates and hinted that future adjustmen...

Updated : 2017.03.16 13:05

Stocks open sharply higher on Fed rate hike

South Korean stocks opened sharply higher Thursday, as investors took a cue from overnight gains on Wall Street amid eased concerns over the pace of the interest rate hike in the United States. The ...

Updated : 2017.03.16 09:47

Foreign ownership of Korean stocks hits record high

Foreign ownership of South Korean stocks reached a fresh high this week with offshore investors owning more than 50 percent in dozens of listed companies, data showed Thursday. Foreign investors hel...

Updated : 2017.03.16 09:37

Savings banks' 2016 net surges 34.6%

South Korea's savings banks posted a sharp increase in their combined net profit last year on increased interest income, data showed Thursday. The total net income of 79 savings banks here jumped 34...

Updated : 2017.03.16 09:36

US Fed raises key rates for first time under Trump

The US Federal Reserve raised key interest rates Wednesday in a decision that reflects an economy getting healthier than expected, signaling that additional hikes would be made in a gradual manner la...

Updated : 2017.03.16 09:04

Seoul stocks down from almost 2-year high on profit-taking, Fed meeting

South Korean stocks closed slightly lower on Wednesday, slipping from their almost two-year highs the previous session, as investors opted to lock in part of recent gains ahead of the outcome of the ...

Updated : 2017.03.15 16:44