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Top financial officials to face grilling at auditMarketsOct 12, 2017Key debate pivots on K bank’s alleged licensing irregularities, business fund issues -
![[News Focus] Tech super cycle dwarfs NK tension, snubs small cap shares](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/10/12/20171012001170_0.jpg)
[News Focus] Tech super cycle dwarfs NK tension, snubs small cap sharesMarketsOct 12, 2017The record-high closure of South Korea’s main bourse this week appeared to prove once again that foreign appetite for the market’s tech giants amid a global tech super cycle tends to precede uncertai... -
Chaebol owner' children control W100b worth of stocks: dataMarketsOct 12, 2017Scores of children of the owners of nine conglomerates in South Korea have more than 100 billion won ($88.2 million) worth of stocks in related companies, government data showed Thursday, amid the ow... -
![[Monitor] Korea eyes lead in ‘4th industrial revolution’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/10/12/20171012001084_0.jpg)
[Monitor] Korea eyes lead in ‘4th industrial revolution’EconomyOct 12, 2017The South Korean government is gearing up to expand and systemize support for industries to lead in the “fourth industrial revolution” that is anticipated to bring about some 40 trillion won ($35.3 b... -
Korea's domestic demand slows down, offsets recovery in exports, production: KDIEconomyOct 12, 2017The South Korean economy is enjoying a steady uptick in overseas sales and a modest improvement in manufacturing production in recent months, but the pace of recovery is being hurt by lukewarm privat... -
Banks likely to keep tougher screening for household loans in Q4: BOKEconomyOct 12, 2017Banks in South Korea are likely to maintain strict rules on extending loans to households in the fourth quarter, central bank data showed Thursday, amid the government's efforts to stabilize the over... -
Korean shares up in late morning tradingMarketsOct 12, 2017South Korean shares traded slightly higher late Thursday morning, aided by foreign buying. The benchmark Korea Composite Stock Price Index rose 2.73 points, or 0.11 percent, to 2,460.89 as of 11:20 ... -
Agro-fishery products smuggling rises sharply in recent years: KCSEconomyOct 12, 2017The amount of agricultural and fishery products smuggled into the country has risen sharply in recent years, with nearly half of them coming from China, customs data showed Thursday. The amount rose... -
Korea's economy unlikely to achieve 3% growth this year: foreign IBsEconomyOct 12, 2017Foreign investment banks predicted South Korea's economy will not be able to achieve 3 percent growth this year, according to a report released Thursday by a South Korean institute. Nine foreign inv... -
Electricity cost to rise with shift to eco-friendly energy: lawmakerEconomyOct 12, 2017The electricity production cost will surge sharply in the coming decades as the Moon Jae-in administration's plans to halt construction of new nuclear power plants in pursuit of eco-friendly energy, ... -
FDI pledges fall 9.7% in first three quarters of 2017MarketsOct 12, 2017New foreign direct investment pledged to South Korea in the first three quarters of this year declined due to military tension on the Korean Peninsula and rising protectionist practices by major trad... -
Korea's median income $1,515 in 2015EconomyOct 12, 2017About half of South Koreans who file tax returns earn an average 1.72 million won ($1,515) a month, data from the tax agency said Thursday, an amount which is just enough to sustain a single temporar... -
KOSPI opens higher, set to extend record streakMarketsOct 12, 2017South Korea's main stock index hit a fresh record intraday high Thursday, tracking a strong lead from Wall Street overnight. The benchmark Korea Composite Stock Price Index gained 4.75 points, or 0.... -
Korea's FX reserves down in September on strong US dollarMarketsOct 12, 2017South Korea's foreign exchange reserves fell slightly in September as the US dollar's strength reduced the value of non-dollar currencies when converted into the greenback, central bank data showed T... -
S. Korea’s financial chiefs off to Washington for G-20 summitEconomyOct 11, 2017Deputy Prime Minister and Finance Minister Kim Dong-yeon on Wednesday left for Washington to attend a series of economic meetings including the Group of 20 summit of financial ministers and central b...
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