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Lime Asset fund fiasco intensifies amid snowballing petitions, imminent lawsuitMarketsJan 12, 2020FSS to keep tight grip over asset manager throughout dispute settlement process -
S. Korean policymakers on tenterhooks ahead of key economic dataEconomyJan 12, 2020Key indexes may determine country’s growth performance in 2020 -
Hanjin KAL proxy fight looms as new investor comes to lightMoneyJan 12, 2020Hanjin KAL, the holding company of South Korea’s No. 1 air carrier Korean Air, is likely to face a proxy fight over its management, after it welcomed affiliates of builder Bando Group as major stakeh... -
Green Cross eyes W200b acquisition of EMR software vendorMoneyJan 12, 2020A consortium led by South Korean biopharmaceutical company Green Cross has been selected as the preferred bidder for the majority stake sale of UBCare, the nation’s No. 1 electronic medical records s... -
Samsung, SK hynix stocks to rally on chip market recovery: analystsMarketsJan 12, 2020Shares of Samsung Electronics and SK hynix -- South Korea’s largest chipmakers -- which hit record highs last week should gain momentum this year on the back of the global semiconductor market’s reco... -
S. Korea's exports to Iran dip nearly 90% in 2019EconomyJan 12, 2020South Korea's exports to Iran dropped nearly 90 percent from a year earlier in the first 11 months of last year, the fastest rate among the top 20 export countries, data showed Sunday. In the Januar... -
Seoul shares to trade higher on eased Mideast tensionMarketsJan 11, 2020South Korean stocks are expected to trade higher next week on eased concerns over a conflict between the United States and Iran, analysts said Saturday. The benchmark Korea Composite Stock Price Ind... -
Investors accuse Lime, Shinhan, Woori of fraud after hedge fund debacleMoneyJan 10, 2020Three individual investors have filed criminal complaints against representatives of Lime Asset Management, Shinhan Investment and Woori Bank, accusing them of fraud and capital market law violations... -
Samsung Electronics again hits record high amid rosy outlookMarketsJan 10, 2020Shares in Samsung Electronics again climbed to a record high Friday on an outlook for an earlier-than-anticipated recovery in global demand and prices for chips, while foreign investors continued to ... -
S. Korea to speed up budget spending in Q1: vice finance ministerEconomyJan 10, 2020South Korea will speed up its budget spending in the first quarter as it seeks to revitalize the economy through large-scale investment projects, a vice finance minister said Friday. Vice Finance Mi... -
S. Korea to deal with risks from US-Iran tensions, assures limited impact on economy: FMEconomyJan 10, 2020South Korea’s finance minister said Friday that the government would continue to monitor the situation in the Middle East and would respond firmly to any threats, while reassuring them that the tensi... -
Foreigners turn net buyers of Korean stocks, but continue to dump bonds in Dec.MarketsJan 10, 2020Foreign investors snapped a four-month selling streak to net purchase South Korean stocks in December but continued to reduce their investment in local bonds for a third month, central bank data show... -
Outstanding state bonds grow at 4-yr high in 2019: dataEconomyJan 10, 2020South Korea's outstanding state and special bonds grew at the fastest rate in four years in 2019, largely due to government efforts to make up for a cut in tax revenues, data showed Friday. The outs... -
S. Korea closely monitoring tension in Middle East: finance ministerEconomyJan 10, 2020South Korea is closely monitoring tensions in the Middle East, although a conflict between the United States and Iran is not escalating, Finance Minister Hong Nam-ki said Friday. Hong said volatilit... -
Finance minister vows more support for SMEs to increase exportsEconomyJan 9, 2020Finance Minister Hong Nam-ki said Thursday the government will provide more support for small- and medium-sized enterprises (SMEs) to increase their exports this year. Hong made the remarks as he vi...
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