The financial health of life insurers in South Korea showed a marked polarization in the first half of the year as foreign players fared far better than local rivals thanks to stepped-up preparations for a new accounting rule, data showed Tuesday. Four foreign-controlled insurance companies made the list of the top five players with the best financial soundness in the January-June period, with s...

LONDON (AP) -- Global stock markets traded in narrow ranges Monday as investors awaited a key meeting of central bankers later this week and continued to monitor developments on the Korean peninsula. In Europe, the FTSE 100 index of leading British shares was steady at 7,326 while Germany's DAX fell 0.3 percent to 12,132. France's CAC 40 was 0.3 percent lower at 5,100. U.S. stocks were poised fo...

Mid-credit rate borrowers in Korea have been typically underserved, ostracized by conventional banks. Has K bank made difference?

Soaring credit-based loans are now believed to have been used to fill in the shortage of mortgage loans from govt. measures

South Korean stocks closed lower Monday as foreigners and institutions scaled back on their stockholding on profit taking. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 3.37 points, or 0.14 percent, to close at 2,355.00. Trade volume was moderate at 204.5 million shares worth 3.753 trillion won ($3.3 billion), with decliners outnumbering advancer...

Global equity funds have posted a net outflow from South Korea for the first time in 32 weeks amid foreign investors' massive profit-taking, industry data showed Monday. Four international funds investing in South Korea withdrew a net 55 billion won ($48.3 million) from the local stock market in the week to Wednesday, according to the data by Mirae Asset Daewoo Securities Co. and global fund tra...

Samsung and two other leading family-controlled conglomerates in South Korea accounted for a big chunk of listed firms' first-half earnings, data showed Monday, pointing to a growing concentration of corporate income in a few titans. According to the data by the Korea Exchange, 29 listed units of Samsung, LG and SK groups posted a combined net income of 35.61 trillion won ($31.2 billion) in the ...

South Korean shares extended losses late Monday morning as foreigners dumped more local stocks on profit-taking. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index fell 4.02 points, or 0.17 percent, to 2,354.35 as of 11:20 a.m. Foreigners sold a net 42 billion won ($37 million) worth of stocks. Institutions also offloaded 26 billion won worth of shares, to...

South Korean stocks opened lower Monday tracking with foreigners turning net sellers on profit taking. The won rose against the dollar. The benchmark Korea Composite Stock Price Index fell 2.40 points, or 0.10 percent, to 2,355.97 in the first 15 minutes of trading. This week, investors are expected to take a wait-and-see attitude ahead of two major events that could affect the markets. They a...

Questions persisted on whether South Korea‘s stock markets fully escaped from the geopolitical risks that had weighed on the monthslong record run until late July, despite the rebound seen last week. Over the past week, the Kospi rose 1.8 percent to close at 2,358.37 Friday, including 0.14 percent retreat on Friday. The main bourse index gained for three consecutive trading days until Thursday. ...

Stocks related to eggs rebounded from persisting egg fiasco in Korea, while those that benefited from it failed to maintain the rally

Global rating appraiser Standard & Poor's on Friday reaffirmed its long-term sovereign rating on South Korea at AA, with its outlook also remaining stable, despite the heightened geopolitical tensions on Korean Peninsula. solider "S&P Global Ratings affirmed its 'AA' long-term sovereign credit rating" on South Korea, the agency said in its latest release. "The stable outlook on Korea reflects ou...

South Korean stocks fell Friday, hit by a sell-off by institutional investors. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index declined 3.3 points, or 0.14 percent, to close at 2,358.37. Trade volume was moderate at 195 million shares worth 4.05 trillion won ($3.54 billion). The local stock market opened lower, tracking a loss on Wall Street overnight ...

South Korean shares traded lower late Friday morning but pared part of their earlier losses on the back of net purchases by retail investors. The benchmark Korea Composite Stock Price Index shed 8.91 points, or 0.38 percent, to 2,352.76 as of 11:20 a.m. Large caps traded mixed with market kingpin Samsung Electronics falling 0.94 percent, and global chipmaker SK hynix up 0.45 percent. Hyundai M...

South Korean shares opened weak Friday, tracking losses on Wall Street overnight on a deadly attack in Spain and political uncertainties in the United States. The benchmark Korea Composite Stock Price Index slipped 17.82 points, or 0.75 percent, to 2,343.85 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics falling 1.06 percent. Top automak...