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Seoul official calls for Asian transition to low-carbon economyEconomyJul 6, 2017A senior diplomat on Thursday outlined South Korea's commitment to environment-friendly energy policy, including plans to reduce its dependency on coal and nuclear power plants, and sharply increase ...
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Individuals shy away from bullish market led by large cap stocks: dataMarketsJul 6, 2017South Korea's retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backe... -
Department stores see sales drop amid rising online shoppingEconomyJul 6, 2017South Korean department stores saw their sales fall in May as more consumers opted for online shopping, government data showed Thursday. The department stores' sales index dropped 4.6 percent in May... -
Indebted households spending more income to repay loansEconomyJul 6, 2017Households with loans use about a third of their disposable income on debt repayment, statistics showed Thursday, undermining efforts to spur consumption through spending. The National Assembly Budg... -
Stocks open slightly higher on Samsung, SK hynixMarketsJul 6, 2017South Korean stocks opened slightly higher on Thursday as investors are increasingly focused on corporate earnings. Samsung Electronics, the country's top market cap, is set to release its second qua...
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Deregulation, industrial policy out of focusEconomyJul 5, 2017In a meeting with business leaders accompanying him on a trip to the US last week, President Moon Jae-in asked them to “trust in the new government’s economic policy, invest more and create jobs.” D... -
Moody’s maintains Korea’s credit rating at Aa2MarketsJul 5, 2017Moody’s Investors Service has maintained South Korea’s credit rating at Aa2, a high quality and low risk rating, according to the Ministry of Strategy and Finance on Wednesday. It also raised the cou...
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Market rebounds after North Korea risk shockMarketsJul 5, 2017South Korea’s main stock market rebounded Wednesday from a brief retreat after North Korea’s missile launch, but the foreign selling trend continued a second day. The benchmark Korea Composite Sto... -
Seoul stocks rebound on Samsung, SK hynixMarketsJul 5, 2017South Korean stocks rebounded on Wednesday from a brief dip in the previous session, as investors brushed off geopolitical woes stemming from North Korea's missile launch, analysts said. The Korean w...
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Foreign investors bought up Asian stocks amid US rate hikes: dataEconomyJul 5, 2017Foreign investors bought shares traded on the South Korean and Asian stock markets in the first half of this year despite concerns over capital flight as the US marked up its interest rates, industry... -
Vegetable prices rise due to downpour, droughtEconomyJul 5, 2017Prices of vegetables jumped sharply in recent weeks due to heavy downpours that followed a long drought, industry sources said Wednesday. The price of napa cabbage soared 26.2 percent to 1,416 won (... -
Korea's national debt exceeds W950tEconomyJul 5, 2017South Korea's national debt as measured in outstanding state bonds issued exceeded 950 trillion won ($826.2 billion) last month, mainly due to the government's expansionary fiscal policy to cope with... -
Stocks open slightly lower on geopolitical risk, profit-takingMarketsJul 5, 2017South Korean stocks opened slightly lower Wednesday, as risk-off sentiment took hold amid geopolitical tensions stemming from North Korea's intercontinental ballistic missile launch. The benchmark K...
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Biz sentiment at over 2-yr high but still under parEconomyJul 5, 2017South Korean manufacturers' business sentiment reached the highest in over two years, but pessimism still outweighed optimism overall, a survey showed Wednesday. A survey of some 2,200 manufacturing... -
Banks' loan delinquency rate edges up in MayMarketsJul 5, 2017The delinquency rate of South Korean banks' won-denominated loans edged up in May from a month earlier due to a slight rise in non-performing loans, government data showed Wednesday. The rate for ba...
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