Articles by 김화균
김화균
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Korea’s forex reserves up in Aug.
[THE INVESTOR] South Korea’s foreign exchange reserves rose slightly from a month earlier, central bank data showed on Sept. 5.As of the end of August, the country’s forex reserves came to US$375.46 billion, up $4.08 billion from the previous month, the Bank of Korea said in a statement.Forex reserves consist of securities and deposits denominated in overseas currencies, as well as International Monetary Fund reserve positions, special drawing rights and gold bullion.The country’s reserve positi
Sept. 5, 2016
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Nissan recalls 7,500 cars in Korea
[THE INVESTOR] Nissan Korea will recall over 7,500 vehicles sold here for a software defect that may lead to air bag failures, the Transportation Ministry said on Sept. 5.The recall affects 7,574 units of four models -- Nissan Q50 sedan, QX60 crossover SUV, Nissan Pathfinder SUV and Nissan Leaf compact hatchback -- according to the ministry.The ministry said a defect in the cars’ occupant classification system may fail to correctly identify an occupant in the passenger seat, possibly causing the
Sept. 5, 2016
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KOSDAQ opens at 680.02 up 3.11 points
[THE INVESTOR] KOSDAQ opened higher at 680.02, up 3.11 points (0.46%) on Sep. 5.
Sept. 5, 2016
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KOSPI opens at 2,049.19 up 10.88 points
[THE INVESTOR] KOSPI opened higher at 2,049.19, up 10.88 points(0.53%) on Sep. 5
Sept. 5, 2016
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45 Hanjin ships stranded at sea
[THE INVESTOR] Hanjin Shipping which is currently under court receivership, said Sept. 2 that 45 of its ships, including 41 container carriers, are stranded at sea worldwide as ports in many nations denied them entry.The world’s seventh-largest shipper was put under receivership on Sept. 1, a day after it filed for court protection after its creditors, led by the state-run Korea Development Bank, rejected its self-restructuring plan.Since late last month, some of Hanjin Shipping’s fleet have bee
Sept. 2, 2016
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Korea’s economy accelerates in Q2: BOK
[THE INVESTOR] South Korea’s economy accelerated in the second quarter from three months earlier on increased local demand and exports, central bank data showed Sept. 2.In the April-June period, the country’s gross domestic product expanded 0.8 percent from the previous quarter, growing from a 0.5 percent on-quarter expansion in the January-March period, according to preliminary data from the Bank of Korea.The latest reading marks a slight increase from an earlier estimate of a 0.7 percent on-q
Sept. 2, 2016
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Korea's financial watchdog urges tougher fintech security
[THE INVESTOR] Financial Supervisory Service Gov. Zhin Woong-seob on Sept. 2 called for local financial services firms to beef up security-related measures for their fast-developing fintech operations.“Responsible innovation is needed in the financial industry,” he said in a forum hosted by the Korea Institute of Finance.Fintech, he pointed out, is a key tool for the innovation of financial companies but also can be a potential threat to the financial system if not properly handled.“In particul
Sept. 2, 2016
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KOSDAQ opens at 673.16 up 1.87 points
[THE INVESTOR] KOSDAQ opened higher at 673.16, up 1.87 points (0.28%) on Sep. 1.
Sept. 2, 2016
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KOSPI opens at 2,039.92 up 1.20 points
[THE INVESTOR] KOSPI opened higher at 2,039.92, up 1.20 points(0.06%) on Sep. 2. .
Sept. 2, 2016
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[URGENT] S. Korean economy grows 0.8% in Q2
Sept. 2, 2016
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Korea’s global auto sales up 3% in Aug.
[THE INVESTOR] Combined sales of South Korea-based automakers continued to grow from a year earlier in August, the companies’ data showed on Sept. 1.In August, the five automakers here sold a combined total of 641,761 cars globally, up 3.1 percent from 622,755 in the same month last year.The five automakers include industry leader Hyundai Motor, Kia Motors, GM Korea, Ssangyong Motor Renault Samsung.The slight increase in global sales came despite a sharp drop in the automakers‘ domestic sales.Hy
Sept. 1, 2016
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Hyundai Motor’s sales slip 3% in Aug.
[THE INVESTOR] Hyundai Motor on Sept. 1 said its sales in August slipped 3.1 percent from a year earlier.In a regulatory filing, the automaker said its global sales came to 358,447 cars last month, compared with 369,955 cars the same month last year.Domestic sales plunged 17.6 percent on-year to 42,112, while overseas sales slipped 0.8 percent to 316,335 cars.The sharp drop in domestic sales was mostly attributed to a reduced output here caused by a series of labor walkouts. Hyundai Motor's shar
Sept. 1, 2016
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Kia Motors’ sales surge 12% in Aug.
[THE INVESTOR] Kia Motors said on Sept. 1 that its global sales spiked 12.2 percent from a year earlier in August.The automaker’s global sales came to 219,925 cars in August, compared with 196,032 cars sold in the same month last year, the company said in a regulatory filing.Domestic sales plunged 10.4 percent on-year to 37,403 vehicles as labor strikes and a reduction in the number of working days during the holiday season led to a sharp drop in output, it said.Overseas sales, on the other hand
Sept. 1, 2016
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Renault Samsung sales surge 51.5% in Aug.
[THE INVESTOR] Sales of Renault Samsung Motors jumped 51.5 percent from a year earlier in August as exports nearly doubled while domestic sales also gained sharply, the company said on Sept. 1.Overall sales of Renault Samsung came to 15,240 cars last month, compared with 10,057 cars sold globally in the same month last year.Domestic sales spiked 24.4 percent on-year to 7,713 cars, while exports soared 95.2 percent to 7,527 vehicles, according to the company.The sharp increase in sales was attrib
Sept. 1, 2016
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KOSDAQ closes at 671.29 up 7.60 points
[THE INVESTOR] KOSDAQ closed higher at 671.29, up 7.60 points (1.15%) on Sep. 1.
Sept. 1, 2016
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