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Korea's fiscal spending on SOC projects creates more jobs in Q1: gov't

South Korea increased fiscal spending on infrastructure-building projects in the first three months of the year contributed to the creation of more jobs, the finance ministry here said Friday. The g...

Updated : 2017.04.21 11:03

Banks urged to play 'responsible role' in normalizing Daewoo Shipbuilding

South Korea's top financial regulator on Friday called for heads of banks to play a "responsible role" in normalizing Daewoo Shipbuilding & Marine Engineering Co., as the bailout plan for the trouble...

Updated : 2017.04.21 09:55

Korean shares open higher on US gains

South Korean stocks opened higher Friday, tracking gains on Wall Street and ahead of major companies' first-quarter earnings reports. The Korean won rose against the US dollar. The benchmark Korea C...

Updated : 2017.04.21 09:41

KB Financial Group’s net profit soars nearly 60% in Q1 on-year

KB Financial Group, the second-largest banking group in net assets, posted 870.1 billion won ($763.7 million) of net profit in the first quarter, a 59.7 percent rise on-year, according to the group’...

Updated : 2017.04.20 16:50

FSC to ease rules for debt-to-equity swaps

The Financial Services Commission of Korea announced Thursday it would ease regulations for lenders in streamlining the debt restructuring of financially troubled firms. By revising the enforcement ...

Updated : 2017.04.20 16:42

Seoul stocks end higher on institutional buying

South Korean stocks closed higher Thursday as institutions scooped up stocks on bargain hunting. The won rose against the dollar. The benchmark Korea Composite Stock Price Index rose 10.75 points, o...

Updated : 2017.04.20 16:29

Shinhan’s net profit surges 29 percent in Q1

Shinhan Financial Group said its net profit rose to 997.1 billion won in the first quarter this year, a 29 percent gain from a year earlier, mainly due to improved net interest margins and reduced ge...

Updated : 2017.04.20 15:55

Korea to support vulnerable borrowers

South Korea’s financial regulator said Thursday it planned to allow borrowers who cannot repay debts due to a job loss or the death of a relative, to suspend the repayment of the principal for up to...

Updated : 2017.04.20 15:19

Daewoo Shipbuilding files for debt restructuring

Daewoo Shipbuilding & Marine Engineering filed a petition with the Changwon District Court on Thursday, seeking approval for its 2.9 trillion won ($2.5 billion) bailout plan. If DSME’s mass debt-re...

Updated : 2017.04.20 15:06

BOK launches pilot program to achieve coinless Korea

The Bank of Korea on Thursday launched a pilot program with major distribution giants to push forward its long-term goal of creating a coinless society in Korea by 2020. By partnering convenience st...

Updated : 2017.04.20 14:19

Dollar-won volatility widens in Q1

The volatility in the dollar-won exchange rates slightly increased in the first quarter from the previous three-month period as the US greenback weakened this year, central bank data showed Thursday....

Updated : 2017.04.20 13:35

Korean shares turn higher in late morning trade

South Korean stocks turned higher late Wednesday as foreigners and institutions went bargain hunting. The won fell against the US dollar. The benchmark Korea Composite Stock Price Index advanced 8....

Updated : 2017.04.20 11:41

China Ocean Resources on verge of being dropped from Korean stock market

China Ocean Resources Co., a Hong Kong-based deep-sea fisheries company, is on the verge of being delisted from the South Korean stock market due to its false financial disclosures. If China Ocean R...

Updated : 2017.04.20 10:22

Korean shares open lower on US losses

South Korean stocks opened lower Thursday, tracking losses on Wall Street, ahead of major companies' first-quarter earnings releases. The Korean won fell against the US dollar. The benchmark Korea C...

Updated : 2017.04.20 09:30

Seoul stocks end lower on US slump, foreign selling

South Korean stocks closed lower Wednesday as foreigners offloaded stocks on profit-taking in the face of overnight losses on Wall Street. The won rose against the dollar. The benchmark Korea Compos...

Updated : 2017.04.19 16:47