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Seoul shares slightly up in late morning trade

South Korean shares traded slightly higher late Thursday morning as investors still remained cautious in making bets on risky assets. The benchmark Korea Composite Stock Price Index added 3.14 point...

Updated : 2017.04.13 11:36

BOK raises growth outlook of Korea's economy to 2.6%

South Korea's central bank on Thursday revised up its growth outlook for Asia's fourth-largest economy to 2.6 percent from 2.5 percent for 2017. (Yonhap) BOK Gov. Lee Ju-yeol announced the estimate...

Updated : 2017.04.13 11:33

BOK holds key rate steady at 1.25% in April

South Korea's central bank on Thursday held its key rate steady for April to support the country's growth, despite a recent US rate hike. The Bank of Korea kept its policy rate at an all-time low of...

Updated : 2017.04.13 10:36

Funds investment increases but skews away from stocks

South Korea's funds market grew big in size, gaining some 100 trillion won ($8.73 billion) in just two years, but the gain has not been all healthy with bigger lumps of money going to non-stock inves...

Updated : 2017.04.13 10:07

Korean shares open higher on tech gains

South Korean stocks opened higher Thursday on the back of robust gains in tech firms. The benchmark Korea Composite Stock Price Index climbed 4.95 points, or 0.2 percent to 2,133.86 in the first 15 ...

Updated : 2017.04.13 10:00

Kookmin Bank to compile feedback on expat banking

Kookmin Bank launched a group to help the company gather feedback from its expat customers Wednesday. The group is made up of 12 expats, non-Korean online community users and bloggers. It is expecte...

Updated : 2017.04.12 17:00

Seoul stocks rebound ending 6-day losing streak

South Korean stocks closed slightly higher Wednesday ending a six-day losing streak, although the rise was limited due to heightened geopolitical tension surrounding the Korean Peninsula, analysts sa...

Updated : 2017.04.12 15:58

Korean shares edge up in late morning trade

South Korean stocks traded a tad higher late Wednesday morning, but the gain was limited by geopolitical tension surrounding the Korean Peninsula. The benchmark Korea Composite Stock Price Index inc...

Updated : 2017.04.12 11:42

Financial holding firms see profits gain 19.6% in 2016

South Korea's seven financial holding companies saw their combined net profit gain 19.6 percent on year in 2016, helped by solid interest income and lower debt provisions, government data showed Wedn...

Updated : 2017.04.12 10:12

Seoul stocks fall for 6th consecutive session

South Korean stocks closed lower Tuesday, marking the sixth consecutive session drop amid rising concerns over a potential nuclear test by Pyongyang, analysts said. The benchmark Korea Composite Sto...

Updated : 2017.04.11 16:19

Financial markets stable despite geopolitical worries

South Korea's financial regulator said Tuesday geopolitical concerns won't impact financial market stability, while warning that it will sternly deal with spreading unfounded rumors. Jin Woong-sup, ...

Updated : 2017.04.11 14:39

Korean shares down in late morning trade

South Korean stocks traded lower late Tuesday morning following losses from carmakers and mobile carriers. The benchmark Korea Composite Stock Price Index lost 9.46 points, or 0.44 percent, to fall ...

Updated : 2017.04.11 11:55

Korean shares open nearly flat on geopolitical concerns

South Korean stocks opened nearly flat Tuesday as investors remained concerned over the rising speculation that Pyongyang may stage another nuclear test in the near future. The benchmark Korea Compo...

Updated : 2017.04.11 10:04

Local currency weakens amid growing security tension

South Korea’s local currency fell 0.55 percent to close at 1142.2 won against the US dollar Monday, amid growing security tension on the Korean Peninsula. The benchmark Korea Composite Stock Price ...

Updated : 2017.04.10 15:39

Net profits of foreign banks plummet in Korea in 2016

Foreign banks operating business in South Korea saw their net profits plummet by 39 percent in 2016 from a year earlier, with several of them leaving the country due to mounting losses, government da...

Updated : 2017.04.10 14:16