President says special envoys help fill diplomatic hiatus

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Kospi bounces back to all-time high, momentum revives

South Korea’s stock indices set new all-time highs after bouncing back Thursday from Wednesday’s loss in the afternoon trade on robust institutional buying, raising expectations a return of momentu...

Updated : 2017.05.11 16:33

Prospects mixed for Moon Jae-in’s extra budget

With President Moon Jae-in ordering the establishment of a presidential committee for jobs on his first day of office, the new government is soon to come up with a follow-up fiscal plan to boost empl...

Updated : 2017.05.11 14:41

Korea imposes levy on financial firms over foreign borrowing

South Korea has imposed a levy on financial firms' non-deposit foreign borrowing to ease volatility in capital flows, the central banks said Thursday. The Bank of Korea said 66 financial companies, ...

Updated : 2017.05.11 14:23

Korean shares up in late morning trading

South Korean shares traded higher late Thursday morning as hopes for an economic stimulus by the nation's new administration buoyed market sentiment. The benchmark Korea Composite Stock Price Index ...

Updated : 2017.05.11 11:36

Seoul stocks start higher on Wall Street gains

South Korean shares opened higher Thursday, tracking gains on Wall Street amid a rebound in oil prices. The benchmark Korea Composite Stock Price Index climbed 5.52 points, or 0.24 percent, to 2,275...

Updated : 2017.05.11 09:37

[Moon in Office] Financial authorities face overhaul

President Moon Jae-in is expected to implement a sweeping overhaul of the financial authorities to reassign their roles and enhance oversight. As a presidential candidate, Moon had pledged to divide...

Updated : 2017.05.10 18:08

Kospi takes loss after hitting 2,300 in morning trade

The main bourse took a loss Wednesday mainly on foreign selling of futures, after its index hit a height of above 2,300 points in early morning trade Wednesday. The benchmark Korea Composite Stock P...

Updated : 2017.05.10 18:07

Korean stocks retreat from pre-election rally

South Korea's main stock index fell on Wednesday as a pre-election rally ran out of steam and investors try to digest the policies of new President Moon Jae-in. The Korean won fell against the US dol...

Updated : 2017.05.10 15:54

Korean shares catch breath in late morning trading

South Korea's main stock index swung between gains and losses late Wednesday morning as investors try to digest the policies of new President Moon Jae-in. The benchmark Korea Composite Stock Price I...

Updated : 2017.05.10 11:56

Seoul stocks start higher after presidential election

South Korean shares opened higher Wednesday as political uncertainties eased with liberal former human rights lawyer Moon Jae-in beginning his five-year term as president. The benchmark Korea Compos...

Updated : 2017.05.10 09:41

Korean stocks seen extending rally after presidential election

If history is any guide, South Korea's stock market is likely to extend its rally after voters cast their ballots to choose the country's next president. Based on market data on the bourse's perform...

Updated : 2017.05.09 17:12

[News Focus] Speculative buying of politician-related stocks mirrors presidential race

A week ahead of Tuesday’s Election Day on May 2, conservative Hong Joon-pyo of the Liberty Korea Party climbed to the No. 2 spot in a poll for the first time ever. His spike in popularity did not g...

Updated : 2017.05.09 14:38

‘Kospi to set record highs under new president’

South Korea’s major stock index is likely to continue setting record highs under the new president, due to strong anticipation toward the new government, robust local corporate earnings and the impr...

Updated : 2017.05.09 14:33

Private equity deals in Korea dip 30.4% last year

Transactions by South Korea's private equity firms slipped 30.4 percent on year in 2016 amid a lack of mega buyout deals, government data showed Tuesday. Local private equity groups invested a total...

Updated : 2017.05.09 13:51

Kospi extends winning streak

South Korea‘s main bourse-based index reached another all-time high Monday, following abated global uncertainties after French centrist Emmanuel Macron was elected president, as well as rising expec...

Updated : 2017.05.08 17:18