President says special envoys help fill diplomatic hiatus

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Samsung's presence on main bourse to fall on cancellation of treasury shares

Samsung Electronics Co.'s presence on the main bourse is anticipated to edge down after the company completes its plan to cancel its treasury shares, market watchers said Wednesday. NH Investment & ...

Updated : 2017.05.03 10:19

Stocks trade higher again, despite afternoon losses

Stocks in South Korea’s main bourse traded higher again, though earlier sharp gains evaporated in the afternoon Tuesday. The benchmark Korea Composite Stock Price Index ended at 2,219.67 on Tuesday...

Updated : 2017.05.02 17:36

Regulations threaten to hold up blockchain's progress in Korea

Financial authorities in South Korea have yet to decide on whether to exempt blockchain technology from regulations on financial privacy, which may hurt Korea’s move to pursue the fintech-led fourth...

Updated : 2017.05.02 17:08

Seoul stocks close higher on blue chip gains

South Korean stocks closed higher on robust gains of blue chip shares, including market behemoth Samsung Electronics, analysts said Tuesday, posting the second-highest closing figure. The Korean won ...

Updated : 2017.05.02 16:03

Foreigners' Korean bond holdings again surpass W100tr

Foreign investors have snapped up South Korean bonds with their holdings exceeding 100 trillion won ($88.6 billion) again, industry data showed Tuesday. Offshore investors were net buyers of South K...

Updated : 2017.05.02 15:44

‘Moon’s dovish stance may lift credit standing’

North Korea policies proposed by Moon Jae-in, the front-runner in South Korea’s presidential race, may have a positive impact on the sovereign credit rating of the fourth-largest economy in Asia, sa...

Updated : 2017.05.02 15:21

Korean stocks trade higher in late morning trading

South Korean stocks traded higher late Tuesday morning on the back of the robust gains of major blue-chip shares. The benchmark Korea Composite Stock Price Index rose 21.66 point, or 0.98 percent, t...

Updated : 2017.05.02 11:49

Banks' Q1 profits surge to 6-year high

The combined net profit of South Korean banks for the first quarter of this year surged to a six-year high, thanks to a rise in interest income and a decline in loan-loss provisions, government data ...

Updated : 2017.05.02 09:58

Stocks open higher on tech, financial shares

South Korean stocks opened higher Tuesday on the back of robust gains by tech and financial shares. The benchmark Korea Composite Stock Price Index rose 15.23 points, or 0.69 percent, to 2,220.67 in...

Updated : 2017.05.02 09:29

Over 200 children have large bank accounts

More than 200 South Korean children aged 7 to 13 have bank accounts with a balance of 100 million won ($88,000) or higher, with their average balance hovering well above the mean of local households'...

Updated : 2017.05.02 09:27

Study shows 88% of financial firms threatened by clout of fintech

Nearly 90 percent of financial firms worldwide said their businesses are at risk from rapidly expanding fintech rivals and they fear losing revenue to the financial innovators, according to a new stu...

Updated : 2017.05.01 16:58

[Monitor] Gap widens between net interest income of households and banks

The household net interest income has recorded a deficit for the first time since 1975, while that of local banks has shown an increase last year. According to the Bank of Korea, total household int...

Updated : 2017.05.01 16:24

Banks' loan delinquency rate edges down in March

The loan delinquency rate of South Korean banks edged down in March from a month earlier as they wrote off bad loans, government data showed Monday. The delinquency rate for their won-denominated lo...

Updated : 2017.05.01 10:56

Non-life insurers’ profits rise on smaller loss ratios for cars

South Korea’s non-life insurers saw their profits rise due to reduced loss ratios for car insurance and the rise in medical insurance rates in the first quarter, data showed Sunday. However, critic...

Updated : 2017.04.30 15:03

Banks continue to raise household lending rates

Commercial lenders in South Korea have raised interest rates for household lending, weighing on household debt, the central bank’s data showed Sunday. Fresh household loans with rates lower than 3 ...

Updated : 2017.04.30 14:42