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Seoul stocks down 0.10% on profit-takingMarketsMay 29, 2017South Korean stocks ended slightly lower Monday on increased selling by institutions. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 2.33 points, or ... -
Korea set to take immediate action against any turbulence in marketMarketsMay 29, 2017The South Korean government said Monday that it will take immediate action against any turbulence in the local financial market and the national economy sparked by North Korea's latest missile launch... -
New home permits tumble 27% in AprilEconomyMay 29, 2017New home permits in South Korea plunged nearly 30 percent in April from a year earlier, the government said Monday, amid its move to limit housing sales as a way of curing household debt and rising i... -
Mirae Asset expands clout in global ETF marketMarketsMay 29, 2017Mirae Asset Global Investment’s exchange-traded fund business has been increasing its dominance in the global financial market, the company said Monday. The ETF business, currently managing over 15 ... -
Korea’s GDP to include digital sharing economy from 2019: BOKEconomyMay 29, 2017With the rapid emergence of new platforms that enable peer-to-peer transactions, such as Airbnb and Uber, South Korea will start reflecting the digital sharing economy in its gross domestic product f... -
Door closed for communication with businessesEconomyMay 29, 2017Discord over the issue of irregular workers has exposed a rift in relations between the Moon Jae-in administration and business circles. The new liberal government has not been supposed to be busine... -
Citibank Korea launches ATMs for US dollar withdrawalsMarketsMay 29, 2017Citibank Korea said Monday it has introduced automated teller machines enabling bank account holders with local currency to withdraw money in US dollars. The ATMs for foreign exchange transaction we... -
Corporate loans rise slightly in Q1MarketsMay 29, 2017Loans extended to local businesses rose slightly in the first quarter from a quarter earlier on increased operating expenses and facility investments, central bank data showed Monday. Outstanding co... -
Seoul shares up 0.45% in late morning tradeMarketsMay 29, 2017South Korean stocks extended gains late Monday on increased foreign buying. The benchmark Korea Composite Stock Price Index gained 10.49 points, or 0.45 percent, to 2,365.79 as of 11:15 a.m. The br... -
More people, especially women, voluntarily subscribing to state pensionEconomyMay 29, 2017More South Koreans, especially women, are voluntarily subscribing to the state pension as a means to secure stable income for their senior years, data showed Monday. As of the end of last month, 317... -
Korean shares open higher on foreign buyingMarketsMay 29, 2017South Korean stocks opened higher Monday on increased foreign buying. The benchmark Korea Composite Stock Price Index gained 8.11 points, or 0.34 percent, to 2,363.41 in the first 15 minutes of trad... -
Korea ranks 3rd in foreign net stock buying in AsiaMarketsMay 29, 2017South Korea ranks third in foreign investors' net stock buying among Asian countries, excluding China and Japan, this year, with its stock market performing the best in the region, data showed Monday... -
Q2 optimism, bullish IT lift Kospi outlookMarketsMay 28, 2017The main stock market’s consensus net profit estimate for this year has been raised in the wake of a strong earnings forecast for the second quarter and buoyancy of IT firms at home and abroad. The ... -
Moon’s policy planner slams chaebol as priority to changeEconomyMay 28, 2017Slamming the conglomerates for resisting change, the Moon Jae-in administration’s de-facto transition team chief said Sunday that it was the chaebol that must first reflect on themselves to change th... -
SMEs led consumer goods exports in 2016: reportEconomyMay 28, 2017South Korea's exports of cosmetics, medicine and other major consumer goods were led by small and medium-sized enterprises last year, with the active establishment of new firms in the industry, data ...
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