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Q1 GDP growth revised up to 1.1 percentEconomyJun 2, 2017South Korea’s gross domestic product grew faster than expected in the first three months of this year, mainly due to stronger construction and exports, the Bank of Korea said Friday. Asia’s fourth-l... -
Kospi chalks up fresh historic highMarketsJun 2, 2017South Korea’s main stock market chalked up a fresh historic high Friday, a week after it hit 2,355.3 the previous Friday, on strong foreign buying riding on world rallies. The benchmark Korea Compos... -
FSS vows measures for savings banksMarketsJun 2, 2017The Financial Supervisory Service said Friday it would seek pre-emptive measures to protect savings banks against side effects from the government’s anticipated move to lower the limit on their maxim... -
Seoul stocks up 1.16% on foreign buyingMarketsJun 2, 2017South Korean stocks ended slightly higher Friday as foreign investors scooped up large-cap stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 2... -
Seoul shares extend gains on foreign buyingMarketsJun 2, 2017South Korean stocks extended gains late Friday morning as foreign investors scooped up large-cap stocks. The benchmark Korea Composite Stock Price Index gained 22.02 points, or 0.94 percent, to 2,36... -
Samsung's Bixby joins forces with local banksMarketsJun 2, 2017Samsung Electronics Co. said Friday it has reached an agreement with three local banks to allow users to use banking services via its voice command program, Bixby. The South Korean tech giant said u... -
Half of top 30 groups trim workforces in 2016EconomyJun 2, 2017Nearly half of South Korea's top 30 family-controlled conglomerates slashed their workforces in 2016 from a year earlier, data showed Friday, amid unfavorable market conditions at home and abroad. T... -
Korean bourse fares best worldwide in MayMarketsJun 2, 2017South Korea's stock market was white-hot on massive foreign buying in May, emerging as the top performer among bourses in major advanced and emerging countries, data showed Friday. The benchmark Kor... -
Savings banks see Q1 profits gain 13.6% on higher interest incomeMarketsJun 2, 2017The combined net profit of South Korea's 79 savings banks rose 13.6 percent on-year for the first quarter of this year, thanks to higher interest income, data showed Friday. Preliminary net profit o... -
Stocks open higher on US gainsMarketsJun 2, 2017South Korean stocks opened higher Friday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 15.33 points, or 0.65 percent, to 2,359.94 in the first 15 min... -
YG shares nosedive on reports of Big Bang’s T.O.P marijuana chargeMarketsJun 1, 2017YG Entertainment’s stock slid 4.2 percent as it was reported that Big Bang’s T.O.P is being investigated after testing positive for marijuana. YG, the agency which Big Bang is signed to, saw share p... -
Korea to sell W7.7tr state bonds in JuneMarketsJun 1, 2017South Korea plans to sell a combined 7.7 trillion won ($6.86 billion) of state bonds this month, the finance ministry said Thursday. The government will issue 1.8 trillion won in bonds with a maturi... -
Seoul stocks slip on profit-takingMarketsJun 1, 2017South Korean stocks ended lower Thursday as foreign investors and institutions cashed in recent gains following a month-long rally amid US uncertainties, analysts said. The Korean won fell against th... -
![[Monitor] Consumer prices continue to surge](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/06/01/20170601000982_0.jpg)
[Monitor] Consumer prices continue to surgeEconomyJun 1, 2017Last month‘s consumer prices surged by 2 percent compared to the same month in the previous year, with livestock products showing the biggest increase at 11.6 percent, data by Statistics Korea showed... -
Korean banks’ financial health improvesMarketsJun 1, 2017The capital adequacy ratio of banks and financial groups in South Korea improved in the first quarter of 2017 on the back of eased risk-weighted assets, data showed Wednesday. On average, based on t...
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