Articles by 김화균
김화균
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Korea’s jobless rate edges up in Aug.
[THE INVESTOR] South Korea’s jobless rate increased slightly in August from a year earlier, with the unemployment rate for young adults still remaining high, a government report showed Sept. 13.The unemployment rate stood at 3.6 percent last month, compared with 3.5 percent tallied in July, according to the report compiled by Statistics Korea.The number of employed people stood at 26.5 million in August, up 387,000 from a year earlier, with the monthly gain expanding sharply from the previous mo
Sept. 13, 2016
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Korea’s import prices fall for 2nd straight month
[THE INVESTOR] South Korea’s import prices fell for a second straight month in August due to a stronger local currency, central bank data showed on Sept 13.The import price index dropped 1.9 percent on-month to 74.44, according to the Bank of Korea. It marks an 8.5 percent decline from the same period last year.The BOK said the won’s strength against the US dollar is to blame for the decline in import prices, despite a hike in global oil prices.The won gained 0.48 percent against the dollar at t
Sept. 13, 2016
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KOSDAQ opens at 659.48 up 6.57 points
[THE INVESTOR] KOSDAQ opened higher at 659.48, up 6.57 points (1.01 %) on Sept. 13.
Sept. 13, 2016
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KOSPI opens at 2,011.93 up 20.45 points
[THE INVESTOR] KOSPI opened higher at 2,011.93, up 20.45 points (1.03%) on Sept. 13.
Sept. 13, 2016
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[URGENT] S. Korea's jobless rate goes up slightly to 3.6 pct in Aug.
[THE INVESTOR] South Korea’s jobless rate edged up in August from a year earlier, a government report showed on Sept. 13. According to the report by Statistics Korea, the jobless rate stood at 3.6 percent last month, up from 3.1 percent in July..The unemployment rate for young adults still remaining high amid a prolonged economic slump.(theinvestor@heraldcorp.com)
Sept. 13, 2016
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Greenpeace files suit against KHNP on new nuke reactors in Korea
[THE INVESTOR] Greenpeace said on Sept. 12 it has filed a suit against the South Korean nuclear security watchdog to nullify a plan to build two more nuclear reactors in Ulsan.In June, the Nuclear Safety and Security Commission allowed the state-run Korea Hydro and Nuclear Power to construct Shin Kori No. 5 and No. 6 in the industrial city.The international group said it filed the case with the Seoul Administrative Court along with 559 citizens who joined the suit as plaintiffs.“The commission g
Sept. 12, 2016
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Seoul considers buying more F-35A stealth jets
[THE INVESTOR] South Korea is considering the option of procuring 20 additional radar-evading F-35A fighters, military officials said Monday.The idea of purchasing additional stealth fighters was floated by the military amid escalating nuclear threats posed by North Korea. The jets are hard to detect, allowing them to operate in well-defended airspace not accessible by non-stealth planes. This capability can allow such planes to destroy command and control centers and wipe out the North Korean l
Sept. 12, 2016
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KOSDAQ closes at 652.91 down 12.08 points
[THE INVESTOR] KOSDAQ closed lower at 652.91, down 12.08 points (1.82 %) on Sept. 12.
Sept. 12, 2016
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KOSPI closes at 1,991.48 down 46.39 points
[THE INVESTOR] KOSPI closed lower at 1,991.48, down 46.39 points (2.28%) on Sept. 12.
Sept. 12, 2016
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Former finance minister named to AIIB advisory panel
[THE INVESTOR] A former South Korean finance minister has been appointed as a member of an advisory panel for the China-led Asian Infrastructure Investment Bank, the Finance Ministry here said on Sept. 12.Hyun Oh-seok, 66, will serve as a member of the AIIB International Advisory Panel for two years, according to the ministry.He had served as the finance minister and the deputy prime minister for economic affairs from February 2013 and July 2014.Hyun Oh-seok. The InvestorThe panel, made up of f
Sept. 12, 2016
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Ministry orders recall of nickel-tainted Coway water purifiers
[THE INVESTOR] The South Korean government on Sept. 12 found that Coway water purifiers have mechanical defects in cooling components that tainted water with powdered nickel, urging the three models to be withdrawn from the market. Bits of nickel were discovered in dispensed water in three ice maker/water purifier models manufactured and sold by the country’s leading water purifier maker, between April 2014 and December 2015, with the number of users involved estimated at about 87,000.The probl
Sept. 12, 2016
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Transport industry hit as trade slumps
[THE INVESTOR] South Korea’s current account balance in the transport sector hit US$1 billion in deficit this year up to July, according to the Bank of Korea on Sept 12.South Korea made US$15.23 billion from transport activities in the January-July period, but payments in the sector amounted to US$16.24 billion, the central bank’s tally showed.The deficit is the first for the measured period since the Bank of Korea began compiling the data in January 2006, and the largest in the deficit amount.
Sept. 12, 2016
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Hyundai, Renault, Ssangyong to recall vehicles
[THE INVESTOR] Three local carmakers will recall over 30,000 cars sold here for problems with various vehicle parts, the Transport Ministry said on Sept. 12.According to the ministry, Hyundai Motor will recall 10,912 units of the Grandeur passenger cars for an issue related to the car’s power seats.Due to possible erosion of the parts inside the power seat adjusters, the seats may fail to work properly, moving when not desired while the car is moving, it said.The subject vehicles were produced b
Sept. 12, 2016
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Samsung Electronics drops 10.54%: KOSPI opening
[THE INVESTOR] Samsung Electronics opened 1,490,000 KRW with decline -83,000 KRW (-10.54%) on Sept. 12 than closed price of last Friday. (theinvestor@heraldcorp.com)
Sept. 12, 2016
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KOSDAQ opens at 654.49 down 10.50 points
[THE INVESTOR] KOSDAQ opened lower at 654.49, down 10.50 points (1.58 %) on Sept. 12.
Sept. 12, 2016
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