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Banks' foreign currency deposits rises in MayMarketsJun 15, 2017Foreign currency deposits held by banks operating in South Korea rose in May as exporters increased their deposits of dollar-denominated earnings, central bank data showed Thursday. Outstanding fore... -
Korea logs 64 straight months of trade surplus in MayEconomyJun 15, 2017South Korea's trade surplus extended its winning streak for the 64th month in a row in May as the country has been basking in brisk outbound shipments on an upturn in global demand, customs data show... -
Seoul shares open tad higher on tech sharesMarketsJun 15, 2017South Korean stocks opened mildly higher Thursday, largely helped by bullish tech large caps, analysts said. The benchmark Korea Composite Stock Price Index inched up 1.05 points, or 0.04 percent, t... -
Korea to take appropriate market stabilizing measuresEconomyJun 15, 2017South Korea said Thursday that it will tighten monitoring of the local financial market and take immediate measures to stave off any fallout from the latest US rate increase. "We will get fully prep... -
US Fed raises key rates for 2nd time this yearEconomyJun 15, 2017The US Federal Reserve raised key interest rates by 0.25 percentage point Wednesday, and said it plans to reduce its securities holdings, a move that could spur rates to rise further. The Fed raised... -
Pilot project for coinless society gains momentumEconomyJun 15, 2017South Korea's pilot project for a coinless society has gained momentum as it enhances convenience for ordinary people, the central bank said Thursday. Under the project that began in mid-April, cons... -
Growth of household loans continues to slow downMarketsJun 14, 2017The growth of household loans continued to surge at a slower pace in May compared to the previous year, data showed Wednesday. The volume of household loans increased by 10 trillion won ($8.9 billio... -
Korea’s employment rate improves, but optimism prematureEconomyJun 14, 2017The number of employed has surged by over 300,000 compared to a year ago, while the jobless rate declined. Youth employment, however, continues to stagger while the number of employees in manufactur... -
US business leaders call for creation of ‘Buy American Fund’MarketsJun 14, 2017The US business lobby in South Korea floated the idea Wednesday that Asia's fourth-largest economy should create a "Buy American Fund" ahead of crucial summit talks between leaders set for later this... -
Seoul stocks end lower as investors wait for US Fed meeting resultsMarketsJun 14, 2017South Korean stocks ended mildly lower Wednesday as investors took a wait-and-see stance to check the results of the US Federal Reserve's policy rate-setting meeting, analysts said. The Korean won fe... -
SME exports to help create more jobsEconomyJun 14, 2017The success of President Moon Jae-in’s economic policy to promote income-led growth will eventually hinge on whether and how to nurture more competitive and profitable small and medium-sized enterpri... -
Korea's national assets up 5.8% on-year in 2016EconomyJun 14, 2017South Korea's total assets rose 5.8 percent in 2016 from a year earlier on a large increase in nonfinancial assets, central bank data showed Wednesday. The country's national assets came to 13,078 t... -
Credit card commission on small merchants to be cut from AugustMarketsJun 14, 2017Financial authorities said Wednesday the credit card commission charged on small merchants will be cut from August to help ease the financial burdens of mom-and-pop stores. The commission rate for s... -
Seoul shares down in late morning on institutional sellingMarketsJun 14, 2017South Korean stocks traded lower late Wednesday morning as institutions offloaded large-cap stocks in an apparent move to lock in profits, analysts said. The benchmark Korea Composite Stock Price In... -
European Commission decides not to levy anti-dumping duties on Korean PTAEconomyJun 14, 2017The European Commission has decided not to impose extra duties on purified terephthalic acid products sold by South Korean manufacturers following a months-long probe into dumping allegations, the fo...
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