S. Korea vows to take actions to ease Brexit fallout

South Korea on Saturday said it will keep close tabs on the impact of the Brexit on the local market and take actions swiftly and firmly to minimize its fallout if needed."For now, the uncertainties (on Britain's exit from the Eur...

Seoul shares to face increased volatility next week after Brexit

South Korean shares will face increased fluctuation next week as foreign investors are expected to reduce part of their risky assets following Britain's decision to exit the European Union (EU), analysts said Saturday. The benchma...

Market fluctuations over Brexit to run long: analysts

The South Korean stock market is expected to face fluctuations for the time being due to Britain's decision to leave the European Union, analysts said Saturday.Hit by the Brexit rout, the country's benchmark stock index dived 3.1 ...

Lotte chairman fends off elder brother's challenge for third time

The chief of South Korean business group Lotte won support of Japanese shareholders of Lotte Holdings, the group's de-facto holding company, in a vote on Saturday, cementing his grip on the retail giant currently embroiled in the ...

W47tr wiped out from Korean stock market on Brexit vote

[THE INVESTOR] Over 47 trillion won (US$40 billion) has been erased from the Korean stock market as Britain voted to leave the European Union on June 24. The combined market capitalization on the main KOSPI and tech-heavy KOSDAQ m...

Korea Asset In Trust to go public in July

[THE INVESTOR] Real estate trust company Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13. “Through the initial public offering, the company will go beyond real estate trust business and become the...

Won-yuan direct trading market in China to be launched next week

[THE INVESTOR] The Chinese market for direct trading of the South Korean won and Chinese yuan will be launched next week, the South Korean Finance Minister said on June 24.The won-yuan direct trading market will begin operations i...

KOSPI to plunge below 1800 points on Brexit: analysts

[THE INVESTOR] Analysts warned Britain’s vote to leave the European Union may further dampen Korean stock financial markets as panic gripped investors. On June 24, the country’s benchmark KOSPI shed 61.47 points, or 3.09 percent...

[ANALYST REPORT] SK Hynix: Easing supply glut

2Q estimates: sales of W3.76tr (+2.1% QoQ), OP of W445bn (-21.6% QoQ) Rebounding indicators, earnings to improve QoQ in 3Q ¨ Retain BUY for target price of W38,0002Q estimates: sales W3.76tr (+2.1% QoQ), operating profit W445bn ...

Ruling, opposition parties urge gov't to minimize Brexit shock

Korea's ruling and opposition parties said Friday the government must come up with a plan to minimize fallout from Britain's decision to leave the European Union."The exit of Britain from the European Union is expected to have an ...

Brexit to burden Samsung, LG's electronics biz

[THE INVESTOR] UK’s departure from the European Union is likely to further burden Korean electronics and home appliances makers.Europe’s slowdown has been dragging down Samsung Electronics and LG Electronics’ sales in the regio...

Won-yuan direct trading market in China to be launched next week

The Chinese market for direct trading of the Korean won and Chinese yuan will be launched next week, the finance minister here said Friday.The won-yuan direct trading market will start operation in Shanghai on Monday, with the sta...

Korea to consider bilateral free trade pact with Britain: foreign minister

Korea will consider a bilateral free trade deal with Britain in response to its exit from the European Union, Seoul's top diplomat said Friday.Foreign Minister Yun Byung-se told lawmakers during a session of the parliamentary fore...

Brexit batters Seoul financial markets

Like elsewhere in the world, Seoul’s financial markets took a heavy beating from Britain’s decision to leave the European Union on Friday, as panicky investors dumped emerging-market assets in a global flight to safety. KOSPI s...

Gyeonggi seeks additional duty-free licenses

Gyeonggi Province has proposed giving licenses to duty-free outlets in large exhibition facilities and changing the standard for additional licenses, according to the provincial government Thursday.On June 2, the Gyeonggi governme...