The Korea Herald

Stocks open slightly higher on overnight Wall Street gains

Jul 4, 2017

South Korean stocks opened slightly higher Tuesday on overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 1.34 points, or 0.06 percent, to 2,395.82 in the first 15 m...
Eximbank chief Choi Jong-ku nominated as FSC head

Jul 3, 2017

Choi Jong-ku, CEO of the state-run Export-Import Bank of Korea, has been nominated as the chairman of the Financial Services Commission. Cheong Wa Dae on Monday said it expected Choi to become a gam...
Bills move to give bitcoin legal grounds

Jul 3, 2017

A set of bills to give cryptocurrencies, including bitcoin and ethereum, legal grounds is being prepared by a South Korean lawmaker, a long-awaited move to protect South Koreans from potential risks ...
[Photo News] Standard Chartered Korea celebrates 88 years

Jul 3, 2017
Korean stocks almost flat in late Monday morning

Jul 3, 2017

South Korean stocks traded almost flat Monday morning, with top market cap Samsung Electronics and No. 2 SK hynix falling on profit-taking. The benchmark Korea Composite Stock Price Index gained 0.3...
LG Electronics simplifies rank structure to break up work hierarchy

Jul 3, 2017

LG Electronics said Monday it has simplified titles among its workers to break the previous hierarchical structure and to induce employees to become more creative. The South Korean tech giant said i...
Stocks open slightly higher on chemicals, banks

Jul 3, 2017

South Korean stocks opened slightly high Monday, as investors scooped up chemicals amid a rebound in oil prices. The benchmark Korea Composite Stock Price Index rose 3.17 points, or 0.13 percent, to...
Foreign investors' net purchase tops W10tr in 1st half

Jul 2, 2017

Foreign investors’ net purchase of South Korean stocks are estimated to go beyond 10 trillion won ($8.7 billion) in the first half of 2017, the highest since 2009, data showed Sunday. Their combined...
Seoul stocks fall on foreign, institutional sell-off

Jun 30, 2017

South Korea's main stock index declined on Friday, driven by the sell-offs by foreign and institutional investors with risk aversion on the rise. The Korean won fell against the US dollar. The bench...
Korea's finance minister has no immediate plan to raise growth forecast from 2.6%

Jun 30, 2017

South Korea's finance minister said Friday that he has no immediate plan to raise the current economic growth forecast of 2.6 percent despite an uptick in exports and world trade. "If the supplement...
Korea’s Eximbank helps develop Uganda’s agriculture

Jun 30, 2017

The Export-Import Bank of Korea said Friday it held a joint workshop with World Bank to come up with details on how to support agriculture development in Uganda. The four-day workshop in the capital...
Korean shares down in late morning trading

Jun 30, 2017

South Korean shares traded lower late Friday morning, as investors opted to cash in part of their recent gains. The benchmark Korea Composite Stock Price Index shed 10.34 points, or 0.43 percent, to...
Seoul stocks open lower on Wall Street drop

Jun 30, 2017

South Korea's main stock index retreated from an all-time high Friday, tracking declines on Wall Street overnight. The benchmark Korea Composite Stock Price Index fell 12.5 points, or 0.52 percent, ...
Kospi touches historic 2,400 mark

Jun 29, 2017

South Korea’s main bourse index touched 2,400 for the first time in its history in early morning trade Thursday, before closing at record-high. Opening at 2,396.81, up 0.6 percent from Wednesday’s c...
Korea to impose higher taxes on wealthy: advisory panel

Jun 29, 2017

South Korea’s presidential policy advisory panel made it official Thursday that the liberal Moon Jae-in government will impose higher taxes on high-income earners and conglomerates in the long term, ...