Articles by 김화균
김화균
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KOSPI opens at 2,003.67 down 34.20 points
[THE INVESTOR] KOSPI opened lower at 2,003.67, down 34.20 points (1.68%) on Sept. 12.
Sept. 12, 2016
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[EDITORIAL] Crucial action
[THE INVESTOR] The South Korean government had injected 12.7 trillion won ($11.4 billion) in taxpayers’ money into Woori Bank and its affiliates as a large-scale bailout in the wake of the 1997 Asian currency crisis.While most of Woori Bank’s sister firms including a stock brokerage firm have already been sold to investors, policymakers’ ongoing move to privatize the first-tier bank is one of a few eye-catching issues in the local financial market.In terms of recouping huge public funds, the sal
Sept. 12, 2016
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[EQUITIES] Naver shares overvalued: Shinhan Finance Investment
[THE INVESTOR] Shinhan Finance Investment on Sept. 9 said that Naver shares are currently overvalued, predicting the price could decline in the latter half of this year due to slowing earnings of its mobile messenger LINE. The securities firm said Naver’s market value was priced at 24 trillion won (US$21.81 billion), considering the namesake portal service’ value at 15.3 trillion won and its shares in LINE worth 8.5 trillion won. But the figure is more than 20 percent overpriced, the firm said.
Sept. 9, 2016
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KOSDAQ closes at 664.99 down 2.41 points
[THE INVESTOR] KOSDAQ closed lower at 664.99, down 2.41 points (0.36 %) on Sept. 9.
Sept. 9, 2016
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KOSPI closes at 2,037.87 down 25.86 points
[THE INVESTOR] KOSPI closed lower at 2,037.87, down 25.86 points (1.25%) on Sept. 9.
Sept. 9, 2016
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IKEA recalls dressers in Korea
[THE INVESTOR] Swedish furniture group IKEA on Sept. 9 said it will recall 15 dressers sold in South Korea over concerns they could pose a safety risk to children, months after similar products caused deaths in North America.IKEA recalled 36 million dressers in the US. and Canada in June after six children were crushed to death when Malm chests toppled on them. The company has since stopped selling the drawers in North America but continued to sell similar products in South Korea as there were n
Sept. 9, 2016
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BOK freezes key interest rate in Sept.
[THE INVESTOR] In a widely expected move, the Bank of Korea on Sept. 9 held its policy rate steady at 1.25 percent for September, extending its wait-and-see mode for three straight months.In June, the central bank made a surprise rate cut, citing a need to support the economy.The country’s exports posted the first on-year rise in 20 months in August on the back of brisk demand for chips and flat displays. Outbound shipments came to US$40.1 billion last month, up 2.6 percent from the same month l
Sept. 9, 2016
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[URGENT] BOK freezes key rate at 1.25 percent in Sept.
[THE INVESTOR] South Korea‘s central bank froze the key interest rate on Friday for the third straight month. (theinvestor@heraldcorp.com)
Sept. 9, 2016
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[URGENT] North Korea seen as having conducted nuclear test
[THE INVESTOR] A South Korean government source on Sept. 9 said it sees a high possibility that North Korea conducted a nuclear test on the occasion of its key anniversary.-Artificial earthquake detected in N. Korea: weather service.-5-magnitude quake hits N. Korea: Europe quake center(theinvestor@heraldcorp.com)
Sept. 9, 2016
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Former GM Korea execs convicted of bribery
[THE INVESTOR] A local court on Sept. 9 convicted two former executives of GM Korea on charges of receiving some tens of millions of won in kickbacks in return for business favors.The Incheon District Court sentenced a 59-year-old former executive, who was in charge of labor management, to a year in prison, suspended for two years, for granting favors to a certain company when purchasing gifts for employees in 2015. He received 30 million won (US$26,000) in return. Another former executive, 57,
Sept. 9, 2016
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Scientists develop new material to block electromagnetic waves
[THE INVESTOR] A group of South Korean scientists has developed a new material to effectively block electromagnetic waves emitting from electronic gadgets and appliances, a state-run science laboratory said on Sept. 9.The team led by Gu Jong-min of the Korea Institute of Science and Technology and a research team of Drexel University successfully manufactured the material made out of MXene.Mxene is a class of 2-D inorganic compounds made out of titanium and carbon and a single layer is only abou
Sept. 9, 2016
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Korea allows Galaxy Note 7 smartphones on flights
[THE INVESTOR] South Korea said Sept. 9 it has decided not to to ban the use of Samsung Electronics’ Galaxy Note 7 on planes following the company’s global recall of the smartphones for battery problems.The Transport Ministry said that it has been reviewing whether to prevent people from carrying the devices onto planes over concerns they could pose a risk to the operation of flights.“We have not seen the need to ban the use of the smartphones on flights,” said a ministry official after a meetin
Sept. 9, 2016
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[AUDIT TRACK] Accounting firms’ revenues up 10% in 2015
[THE INVESTOR] Accounting companies operating in South Korea saw their combined revenues climb 10.1 percent on-year to 2.46 trillion won (US$2.25 billion) in fiscal 2015, data showed on Sept. 9.Their profits increased in major fields such as audit, consulting and tax-related services during the period, according to the data compiled by the Financial Supervisory Service.The proportion of sales by the so-called Big Four firms -- Samil PricewaterhouseCoopers, Samjong KPMG, Deloitte Anjin and Earne
Sept. 9, 2016
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KOSPI opens at 2,048.94 down 14.79 points
[THE INVESTOR] KOSPI opened lower at 2,048.94, down 14.79 points (0.72%) on Sept. 9.
Sept. 9, 2016
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KOSDAQ opens at 667.46 up 0.06 points
[THE INVESTOR] KOSDAQ opened higher at 667.46, up 0.06 points (0.01%) on Sept. 9.
Sept. 9, 2016
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