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KOSPI soars past 3,100 on Samsung, Hyundai MotorMarketsJan 8, 2021South Korea's key stock index logged the largest daily gain in nearly seven months Friday, breaching the 3,100-point mark on stellar advances in market heavyweights such as Samsung Electronics and Hy... -
S. Korea to add 1.04 million new jobs in public sectorEconomyJan 8, 2021The South Korean government plans to create 1.04 million new jobs in the public sector in an effort to tackle the pandemic employment shock, according to the nation’s first vice minister of finance F... -
Bull market continues in US, S. Korea with Biden win affirmedMarketsJan 8, 2021After US Congress confirmed Joe Biden as the presidential election winner, leading US stock benchmarks surged to record highs on Thursday (local time). South Korea’s main bourse also hit an all-time ... -
Foreigners turn net sellers of S. Korean stocks in December last yearEconomyJan 8, 2021Foreign investors turned net sellers of South Korean equities in December last year, as they took profits from a recent stock rally, the central bank said Friday. Foreigners sold a net $2.36 billion... -
S. Korea to jack up support for electric, hydrogen carsEconomyJan 8, 2021South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-generation vehicle sector, the finance minis... -
Seoul stocks open higher on Wall Street gainsMarketsJan 8, 2021South Korean stocks opened higher Friday, taking a cue from overnight Wall Street gains over global recovery hopes. The benchmark Korea Composite Stock Price Index rose 53.49 points, or 1.76 percent... -
S. Korea's current account surplus narrows in NovemberEconomyJan 8, 2021South Korea's current account surplus narrowed on month in November last year, mainly due to a decline in investment income, the central bank said Friday. The current account surplus reached $8.97 b... -
Kospi closes at fresh record high above 3,000MarketsJan 7, 2021After South Korea’s benchmark Kospi hit the historic 3,000 mark a day before, the bull market continued unabated Thursday as it set a fresh record thanks to foreign and institutional investors who tu... -
![[News Focus] Korea ranks 26th of 32 OECD members in employment](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/01/06/20210106000869_0.jpg)
[News Focus] Korea ranks 26th of 32 OECD members in employmentEconomyJan 7, 2021In Q3 2020, Japan placed No. 4, Czech Republic at No. 7 -
Korean venture capital E& leads merger of clinical stage biotech firmsMoneyJan 7, 2021E& Investment, a South Korean venture capital that specializes in the bio and health care sectors, said Thursday that NeuroBo Pharmaceutical, in which the company owns a 40 percent stake, had acquire... -
Seoul stocks set another record high, key index tops 3,000 pointsMarketsJan 7, 2021South Korean stocks rallied Thursday to close above the 3,000-point mark for the first time, backed by strong foreign and institutional buying triggered by US stimulus hopes. The Korean won fell agai... -
Experts positive on Kospi’s rally despite concerns over bubbleMarketsJan 7, 2021Local brokerages suggest Kospi’s yearly upper-end target band up to 3,500 points -
Foreign investment banks raise 2021 growth outlook for S.KoreaEconomyJan 7, 2021Top foreign investment banks, including Goldman Sachs, JP Morgan and HSBC, have upgraded South Korea’s growth outlook for this year to an average 3.4 percent, up by 0.1 percentage point from their pr... -
Finance Ministry vows to beef up monitoring of excess liquidityEconomyJan 7, 2021Vice Finance Minister Kim Yong-beom vowed on Thursday to strengthen monitoring on swelling of liquidity spilled over to the country’s asset markets amid concerns over the stock market’s sharp pandemi... -
FSS to inspect Samsung Securities for allegedly breaching capital market rulesMarketsJan 7, 2021The market watchdog Financial Supervisory Service will launch a three-week comprehensive inspection of Samsung Securities on Monday, officials said Thursday. The comprehensive inspection on the nati...
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