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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

Seoul stocks open higher on US gains

South Korean shares opened higher Wednesday, tracking gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 0.03 point to 2,161.13 in the first 20 minutes of trading. The main ...

Updated : 2017.04.05 09:34

Seoul stocks down 0.30% on profit-taking

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

Updated : 2017.04.04 16:12

Policy loans to be expanded for people with mid-level creditworthiness

The financial regulator said Tuesday it will allow mutual savings banks to extend policy loans to people with mid-level creditworthiness and those who have difficulty borrowing money from banks. Sta...

Updated : 2017.04.04 16:09

Over 60,000 accounts opened on second day of online-only bank

South Korea’s first online-only bank provided over 60,000 accounts to new subscribers as of Tuesday, since its opening Sunday. As of 3 p.m. Tuesday, the bank issued a total of 61,501 bank accounts ...

Updated : 2017.04.04 15:28

Korean shares down 0.07% in late morning trade

South Korean stocks narrowed losses Tuesday, as extended gains in Samsung Electronics helped prop up the main index. The benchmark Korea Composite Stock Price Index lost 1.51 points, or 0.07 percent...

Updated : 2017.04.04 13:49

FDI pledges drop 9.2% in Q1

New foreign direct investment pledged to South Korea fell 9.2 percent in the first three months of the year amid rising uncertainties at home and abroad, the government said Tuesday. Fresh FDI commi...

Updated : 2017.04.04 11:20