North Korea loses world judo event because of security risk

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Korean financial firms’ overseas net profits up 33 percent in 2016

South Korean financial companies saw their combined net profits earned from overseas branches rise 33 percent in 2016 from a year earlier, mainly driven by growth in Asia, data showed Friday. Accord...

Updated : 2017.04.07 14:50

Korean shares down in late morning trade

South Korean stocks traded lower late Friday morning as investors attempted to lock in gains. The benchmark Korea Composite Stock Price Index lost 9.34 points, or 0.43 percent, to 2,143.41 as of 11:...

Updated : 2017.04.07 11:31

Stocks open higher on automakers

South Korean stocks opened slightly higher Friday, led by gains in automakers and steelmakers. The benchmark Korea Composite Stock Price Index rose 1.78 point, or 0.08 percent, to 2,154.53 in the fi...

Updated : 2017.04.07 09:26

Seoul stocks down 0.37% on foreign selling

South Korean stocks ended slightly lower Thursday as foreign investors and institutions sold off local stocks. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price In...

Updated : 2017.04.06 17:00

IBK seeks to acquire an Indonesian bank: CEO

The Industrial Bank of Korea is seeking an M&A opportunity to acquire an Indonesian bank, as part of its long-term strategy to become a bigger financial player in Asia, the head of IBK said Thursday....

Updated : 2017.04.06 15:45

Demand for bank loans expected to grow in Q2

Demand for fresh loans from major local lenders in South Korea is likely to rise in the second quarter, central bank data showed Thursday. The overall index measuring demand for bank loans came to 8...

Updated : 2017.04.06 13:52

Korea to improve market accessibility for foreign investors

South Korea is committed to improving accessibility for foreign investors, by encouraging its financial markets to meet global standards, the head of the nation's financial regulator said Thursday. ...

Updated : 2017.04.06 13:42

Korean shares down 0.58% in late morning trade

South Korean stocks extended losses late Thursday morning as foreign investors and institutions offloaded local stocks. The benchmark Korea Composite Stock Price Index lost 12.57 points, or 0.58 per...

Updated : 2017.04.06 13:23

Banks agree on multi-level refund guarantee for Daewoo Shipbuilding

Banks have agreed on a refund guarantee for future orders received by the troubled Daewoo Shipbuilding & Marine Engineering Co. that puts a policy lender up front and has commercial banks provide the...

Updated : 2017.04.06 10:11

Korean shares open lower on Wall Street losses

South Korean stocks opened lower Thursday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 10.67 points, or 0.49 percent, to 2,150.18 in the first 15 m...

Updated : 2017.04.06 09:35

Seoul stocks down 0.01% on foreign selling

South Korean stocks ended slightly lower Wednesday as foreign investors and institutions offloaded local stocks. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price ...

Updated : 2017.04.05 17:05

[Monitor] Nearly half of corporations tax delinquents

Nearly half of South Korea’s corporations and workers were tax delinquents as of 2015, data by the National Tax Statistics showed Wednesday. Some 280,000 corporations failed to pay due corporate ta...

Updated : 2017.04.05 16:13

Kakaobank gets final approval

Kakaobank, the mobile bank of Kakao Corp., won its final regulatory approval Wednesday. The Financial Services Commission held a meeting Wednesday and gave the green light to KakaoBank of Korea Corp...

Updated : 2017.04.05 15:39

Korean shares down 0.04% in late morning trade

South Korean stocks traded lower late Wednesday morning as foreigners continued to offload stocks. The benchmark Korea Composite Stock Price Index lost 0.79 points, or 0.04 percent, to 2,160.31 as o...

Updated : 2017.04.05 11:45

K-Bank aims to post 1st profit in 2020

South Korea's first Internet-only bank, K-Bank, aims to report its first annual profit in 2020, the bank's chief executive has said, as it seeks to make inroads into the credit card business. Shim S...

Updated : 2017.04.05 10:58