South Korean stocks ended slightly higher Monday as foreigners turned net buyers. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 9.07 points, or 0.38 percent, to close at 2,370.90. Trade volume was moderate at 288 million shares worth 5.35 trillion won ($4.7 billion), with decliners outnumbering advancers 418 to 388. Foreigners bought 124.19 bill...

Korea Asset Management Corp. is building a track record of sharing knowledge abroad on nonperforming loan resolution. On Thursday, the state-run asset manager shared with a group of Vietnamese officials its know how on debt resolution and its experience of overcoming a financial crisis in 1998, during a session held in Busan. The firm has opened doors not only to offshore public representatives...

The government said Monday it would apply stricter lending regulations on homes in Seoul and parts of Busan to curb real estate speculation and reduce household debt. The announcement was made jointly by the Ministry of Strategy and Finance, the Financial Services Commission and the Ministry of Construction and Transportation. The new regulations, which are set to take effect on July 3, stipu...

South Korean shares extended gains late Monday morning as foreigners turned net buyers. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index rose 14.48 points, or 0.61 percent, to 2,376.31 as of 11:20 a.m. Foreigners were net buyers of local stocks worth 19.38 billion won ($17 million). They offloaded 163 billion won worth of stocks in the previous session. ...

South Korean stocks opened slightly higher Monday, tracking US gains. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index rose 2.19 points, or 0.09 percent, to 2,364.01. Foreigners continued to sell domestic stocks, weighing on the KOSPI index. They sold 162.9 billion won ($144 million) worth of stocks in the previous session. On Friday (local time), the D...

TVs with 50-59 inch display panels are expected to account for more than 50 percent of the global TV market this year, industry data showed Monday, indicating an industry trend toward larger-sized TV panels. According to the data compiled by industry tracker IHS, the share of such big-screen TVs is forecast to reach 51.7 percent this year, exceeding the estimated share of 35.3 percent by models ...

South Korea ranks 14th worldwide in terms of stock market value as its bourses have performed superbly this year on the back of strong foreign buying, data showed Monday. The combined market capitalization of the country's main and secondary stock markets came to $1.55 trillion as of the end of May, up 20.8 percent from end-2016, according to the data from the bourse operator Korea Exchange. So...

Apartment prices in South Korea on average grew nearly three times faster than current household income over four years under the previous administration, data showed Sunday. The price of jeonse -- referring to deposits for a two-year lease of a house instead of monthly payments -- also rose sixfold compared to income over the cited four years. The average current monthly household income rose ...

SEOGWIPO, Jeju Province -- The Asian Infrastructure Investment Bank may finance infrastructure projects for North Korea, if its board of directors agree to it, the head of the China-led multinational lender said Saturday. According to the bank’s articles of agreement, it will invest in its member countries, and whether there is any need or necessity to invest in a nonmember country is the decisi...

Loans taken out to finance facility expansions reached an all-time high in March, in line with a recovery in exports and the global economy, data showed Sunday. According to the data compiled by the Bank of Korea, facility loans reached a record 404.87 trillion won ($356 billion) as of end-March, up 9.21 trillion won from the end of last year. From a year ago, the figure also swelled by 42.39 t...

Led by memory chips, petrochemical products and machineries, South Korea's exports to China increased in April for the sixth consecutive month despite Beijing's apparent import restrictions over a diplomatic row, according to data released Sunday. The Korea Trade-Investment Promotion Agency (KOTRA) said that the nation's shipments to the neighbor country jumped 10.2 percent in the month from one...

The export of South Korean chickens has effectively come to a halt this year, apparently hit by the spread of avian influenza, government data showed Saturday. The outbound shipment of chickens reached only 139 tons between January and May, down 98.8 percent on-year, according to the Ministry of Agriculture, Food and Rural Affairs. It means the country's chicken exports have virtually been susp...

China has been striving to take the lead in reshaping regional and global economic governance by creating a fresh network that connects Eurasia and South Pacific through a multilateral development financing institution, the Asian Infrastructure Investment Bank. In 2013, China’s President Xi Jinping expressed the country’s aim to leverage and realize its centerpiece foreign policy, the “One Belt,...

President Moon urges sustainable, people-focused investment