President says special envoys help fill diplomatic hiatus

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Rising debt highlights Moon's relief pledge

The ongoing increase of household debt brings focus on whether President Moon Jae-in will manage to fulfill his pledge of curbing swelling household debt, which has long been a drag on South Korea’s...

Updated : 2017.05.15 15:57

Finance Ministry preparing for looming tax hikes

With President Moon Jae-in promising to create 810,000 jobs and enhance welfare for ordinary people, the new government needs a big boost in fiscal income to execute jobs and welfare programs. The F...

Updated : 2017.05.15 15:19

Dollar-won exchange volatility narrows in April

The dollar-won volatility eased in April from a month earlier in line with eased volatility in the global financial markets, central bank data showed Monday. The session-over-session changes in the ...

Updated : 2017.05.15 13:38

Seoul shares up in late morning trading

South Korean shares traded higher late Monday morning as institutional buyers scooped up big cap stocks amid a massive selling spree by foreigners. The benchmark Korea Composite Stock Price Index ad...

Updated : 2017.05.15 11:40

Stock market's daily turnover hits 22-month high

The daily turnover of South Korea's main stock market has reached a 22-month high in May on the back of strong foreign buying, data showed Monday. The daily value of shares traded on the main stock ...

Updated : 2017.05.15 10:27

Seoul shares open lower on foreign selling

South Korean stocks opened lower Monday as foreign investors continued to dump market heavyweights, such as Samsung Electronics amid lingering geopolitical uncertainties. The benchmark Korea Composi...

Updated : 2017.05.15 09:33

Regulators recommence work to consolidate financial oversight

Financial regulators have restarted their postponed discussion to consolidate a financial supervision system, a measure aimed at better spotting potential financial risks. The move is part of the Mo...

Updated : 2017.05.14 15:28

4 out of 10 Kospi stocks left out of bullish trend

Despite the record-setting bull run on South Korea’s main bourse, 4 out of 10 stocks there fell, data from the Korea Exchange showed Sunday. The KRX said 302 stocks out of 750 listed on the benchma...

Updated : 2017.05.14 14:51

Seoul shares likely to test 2,300 points next week

South Korean shares are likely to remain in a tight range next week, while testing whether it can breach the 2,300 point mark amid hopes of an extra budget being pushed forward by President Moon Jae-...

Updated : 2017.05.13 10:04

Seoul stocks down 0.45% on profit-taking

South Korean stocks ended slightly lower Friday on increased selling by foreigners and institutions. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shed ...

Updated : 2017.05.12 16:31

BOK names expert on foreign reserves as head of reserve management group

South Korea's central bank said Friday it has named an expert on foreign reserves as the new head of its Reserve Management Group. Suh Bong-gook, director general at the International Department of ...

Updated : 2017.05.12 15:30

NPS earns W13tr from local equity investment this year

Earnings made by the National Pension Service through its investments in local stocks have amounted to 13 trillion won ($11.5 billion) this year, with the main bourse Kospi recently hitting highs abo...

Updated : 2017.05.12 13:14

Korean shares down 0.36% in late morning trade

South Korean stocks extended losses late Friday morning as foreign investors offloaded large-cap stocks. The benchmark Korea Composite Stock Price Index lost 8.25 points, or 0.36 percent, to 2,288.1...

Updated : 2017.05.12 11:34

Korean shares open lower on Wall Street losses

South Korean stocks opened lower Friday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 5.48 points, or 0.24 percent, to 2,290.89 in the first 15 minu...

Updated : 2017.05.12 09:40

36 conglomerates to face debt assessment

The Financial Supervisory Service announced Thursday that 36 conglomerates will be put under a capital structure assessment by their respective commercial lenders in a pre-emptive move to relieve the...

Updated : 2017.05.11 16:36