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S. Korea to sell W13tr won worth of Treasurys in February
[Today’s K-pop] TXT youngest group to sell 2m albums
North Korea holding off nuclear test for leverage: elite defector
Customs vows to combat drug trafficking via dark web
Seoul Mayor urges disabled groups to halt subway protests
N.Korea threatens US to face ‘toughest’ response
Doctors protest budget cut of state hospital for infectious disease control
'Boys Planet' strives to thwart vote-rigging concerns
Seoul stocks end higher after Fed decision
UN chief backs S. Korea’s efforts to disarm N. Korea
Webtoon ‘Dark Moon: The Blood Altar’ records 100 million views
J-Hope of BTS drops teaser trailer for ‘J-Hope IN THE BOX ‘ documentary
Mask manufacturers face bankruptcy amid eased masking rules
US Fed hike, inflation create rate-setting challenge for BOK
Cosmetics sales pick up after mask rules eased
Berlin festival-bound ‘Kill Boksoon’ set for March 31 Netflix release
[Photo News] Self-service bag drop
[Photo News] Renewed sales push in Japan
Overseas Koreans Foundation provides traditional instruments, costumes
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Korean shares up late morning despite Wall Street losses
Markets
Jun 13, 2017
South Korean shares advanced late Tuesday morning, despite the overnight decline on Wall Street, as institutions' buying offset a selling binge by foreign and retail investors. The benchmark Korea Composite Stock Price Index rose 11.08 points, or 0.47 percent, to 2,368.87 as of 11:20 a.m. Most large caps traded mixed, with market kingpin Samsung Electronics rising 0.13 percent and global chipma...
Brokerages shutter unprofitable overseas branches
Markets
Jun 13, 2017
South Korean securities companies have considerably reduced the number of their overseas branches over the past six years due mainly to their unprofitability, data showed Tuesday. Thirteen local brokerages had a combined 57 overseas branches as of the end of March, compared with 89 branches six years earlier, according to the data from the Financial Supervisory Service and the Korea Financial In...
US rate hike likely to have little impact on S. Korea's bond market
Markets
Jun 13, 2017
An anticipated interest rate hike by the Federal Reserve is likely to have little impact on South Korean bonds because the market has already priced in the change, analysts said Tuesday. This week, the Fed is almost certain to increase its key interest rate for the third time in six months, with an additional rate hike eyed in September. Although the Fed has tightened its monetary policy, analy...
Tax revenue continues to rise through April
Economy
Jun 13, 2017
South Korea's national tax revenue continued to rise in the first four months of the year bolstered by an increase in corporate and value added taxes, the finance ministry said Tuesday. The government collected a total of 105.3 trillion won ($93.1 billion) in dues in the January-April period, up 8.4 trillion won from a year earlier, according to the Ministry of Strategy and Finance. The amount ...
Global equity funds log net inflow into Korea for 5th month
Markets
Jun 13, 2017
Global equity funds continued to post net inflows into the South Korean market last week on its recovering economy and improving corporate earnings, industry data showed Tuesday. Four international funds investing in South Korea allocated a combined $210 million for the South Korean equity market in the week to Friday, marking the fifth consecutive month of net inflow, according to the data by M...
Seoul shares open higher despite Wall Street losses
Markets
Jun 13, 2017
South Korean stocks opened higher on Tuesday despite overnight Wall Street losses, analysts said. The benchmark Korea Composite Stock Price Index gained 9.33 points, or 0.4 percent, to 2,163.05 in the first 15 minutes of trading. On Monday (local time), US stocks dropped, with the tech-heavy Nasdaq composite index dropping for a second straight session. Large-cap stocks on the Seoul bourse wer...
Tougher lending rules to adversely affect economy: think tank
Economy
Jun 12, 2017
A move to tighten South Korea's lending rules to curb household debt could adversely affect the overall economy, a local think tank said Monday. In a report on the impact of lending rules and household debt, the Korea Economic Research Institute warned against stricter regulations involving the debt-to-income ratio as changes will force borrowers spend less and further drag down the already frag...
Seoul stocks drop 1% on Wall Street losses
Markets
Jun 12, 2017
South Korean stocks ended lower Monday as foreign investors and institutions cashed in recent gains following overnight Wall Street losses, analysts said. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index declined 23.82 points, or 1 percent, to close at 2,357.87. Trade volume was moderate at 324 million shares worth 5.7 trillion won ($5.3 billion), with l...
Stocks related to Alzheimer’s withstand Kospi slide
Markets
Jun 12, 2017
Stocks related to Alzheimer‘s disease remained high despite a slide in the main bourse index Monday, on the back of President Moon Jae-in’s fresh policy initiative to invest some 2 trillion won ($1.78 billion) in supporting Alzheimer‘s patients. Moon last week vowed to install more state-run clinics for dementia treatment, increase personnel to look after the patients and widen medical coverage ...
Korea's direct investment in Vietnam tops $50b in 2016
Economy
Jun 12, 2017
South Korea has provided over $50 billion in foreign direct investment to Vietnam, data from Vietnam’s State Capital Investment Corp. showed Monday. The accumulated FDI by South Korean businesses in one of the fastest-growing economy in Asia reached $50.6 billion, spanning 5,773 projects from 1988 to 2016. In 2016, the volume of investment from South Korea reached some $6.9 billion, a 2.53 perc...
[Monitor] Next year’s budget plan up 6%
Economy
Jun 12, 2017
The Ministry of Strategy and Finance has drawn up the government’s proposal for next year’s spending on Monday, at a size of 424.5 trillion won, 6 percent larger than that of this year‘s. One of the largest increases of 8.9 percent is to be made on public welfare, health and employment, boosting the spending to 141.1 trillion won. On the other hand, environmental and cultural spending will be c...
Mobile payment competition heats up
Markets
Jun 12, 2017
The Korean mobile payment market, currently dominated by Samsung Pay, is predicted to heat up as more rivals are considering joining the race. Samsung Electronics’ payment service Samsung Pay, which was launched in August 2015, has now garnered more than 1 million subscribers here. The tech giant is expanding the application to its smartwatch Gear S3 and low-budget smartphones, the Galaxy A and ...
[Photo News] Visitors gather at model house for new town in Yangcheon-gu
Economy
Jun 12, 2017
[Photo News] Onion prices surge over 50%
Economy
Jun 12, 2017
Korea's finance minister to meet his Indian counterpart
Economy
Jun 12, 2017
Top economic policymakers of South Korea and India will hold talks later this week to discuss ways to enhance bilateral economic cooperation, the finance ministry here said Monday. In the fifth Seoul-New Delhi finance ministers' meeting to be held on Wednesday in Seoul, South Korea's Kim Dong-yeon and his Indian counterpart Arun Jaitley will share views on current macroeconomic situations facing...
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Hygiene warning issued for McDonald's stores in Korea
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[Newsmaker] New visas, faster entries: Immigration changes in 2023
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Maximum 15-year imprisonment to be sought for house rental scam convicts
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S. Korea logs highest monthly trade deficit amid sluggish chip demand
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Seoul hikes taxi fares after 4 years
[Herald Interview] Top attorney calls for stronger protection of foreigners, fairer trials
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