Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Medical reform committee kicks off despite boycott from doctors
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FSS chief to tighten scrutiny of personal loans
South Korea’s top financial supervisor vowed Monday to keep close tabs on non-mortgage loans extended to households, amid rising speculation of borrowers skirting tougher regulations on mortgages by using personal loans to buy homes -- an illegal practice here.Zhin Woong-seob, governor of the Financial Supervisory Service, stressed in an undisclosed meeting the need for “thorough scrutiny” on the rising level of household credit. Financial authorities believe general household
Aug. 21, 2017
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Seoul stocks end lower on profit taking
South Korean stocks closed lower Monday as foreigners and institutions scaled back on their stockholding on profit taking. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index fell 3.37 points, or 0.14 percent, to close at 2,355.00. Trade volume was moderate at 204.5 million shares worth 3.753 trillion won ($3.3 billion), with decliners outnumbering advancers 478 to 308.Institutions dumped a net 103.98 billion won worth of stocks and foreigners also sold a ne
Aug. 21, 2017
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Global stock funds log 1st net outflow from Korea in 32 weeks
Global equity funds have posted a net outflow from South Korea for the first time in 32 weeks amid foreign investors' massive profit-taking, industry data showed Monday. Four international funds investing in South Korea withdrew a net 55 billion won ($48.3 million) from the local stock market in the week to Wednesday, according to the data by Mirae Asset Daewoo Securities Co. and global fund tracker Emerging Portfolio Fund Research.The equity funds, including US investment fund Global Emerging M
Aug. 21, 2017
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Samsung, LG, SK take big share of listed firms' H1 net
Samsung and two other leading family-controlled conglomerates in South Korea accounted for a big chunk of listed firms' first-half earnings, data showed Monday, pointing to a growing concentration of corporate income in a few titans.According to the data by the Korea Exchange, 29 listed units of Samsung, LG and SK groups posted a combined net income of 35.61 trillion won ($31.2 billion) in the January-June period, up a whopping 90.3 percent from the same period a year earlier.The amount took up
Aug. 21, 2017
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Korean shares extend losses in late morning trading
South Korean shares extended losses late Monday morning as foreigners dumped more local stocks on profit-taking. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index fell 4.02 points, or 0.17 percent, to 2,354.35 as of 11:20 a.m.Foreigners sold a net 42 billion won ($37 million) worth of stocks. Institutions also offloaded 26 billion won worth of shares, to weigh down the main index. A strong rally in the KOSPI index is not expected this week as investor
Aug. 21, 2017
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Stocks open lower on US losses
South Korean stocks opened lower Monday tracking with foreigners turning net sellers on profit taking. The won rose against the dollar. The benchmark Korea Composite Stock Price Index fell 2.40 points, or 0.10 percent, to 2,355.97 in the first 15 minutes of trading.This week, investors are expected to take a wait-and-see attitude ahead of two major events that could affect the markets. They are the annual economic policy symposium in Jackson Hole, Wyoming, and the Ulchi-Freedom Guardi
Aug. 21, 2017
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Market watchers forecast geopolitical tension to persist
Questions persisted on whether South Korea‘s stock markets fully escaped from the geopolitical risks that had weighed on the monthslong record run until late July, despite the rebound seen last week. Over the past week, the Kospi rose 1.8 percent to close at 2,358.37 Friday, including 0.14 percent retreat on Friday. The main bourse index gained for three consecutive trading days until Thursday. The stock markets did not open on Tuesday for a national holiday.The recovery was mainly led by
Aug. 20, 2017
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Egg scare eases off in stock markets
While the contaminated egg scare continues to grip South Korea, the stocks related to eggs have bounced back. Those that had briefly benefited from the crisis, such as vaccine makers, stopped short of its rally last week.Stocks related to eggs had seen their prices dragged down by the insecticide-contaminated eggs found on farms across the country for days, but started regaining towards the end of the week. SPC Samlip, the nation’s largest breadmaker listed on the top-tier Kospi,
Aug. 20, 2017
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S&P maintains S. Korea's credit rating at AA
Global rating appraiser Standard & Poor's on Friday reaffirmed its long-term sovereign rating on South Korea at AA, with its outlook also remaining stable, despite the heightened geopolitical tensions on Korean Peninsula. solider"S&P Global Ratings affirmed its 'AA' long-term sovereign credit rating" on South Korea, the agency said in its latest release. "The stable outlook on Korea reflects our expectation that geopolitical risks in the Korean peninsula will not escalate
Aug. 18, 2017
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Seoul stocks fall on institutional sell-off
South Korean stocks fell Friday, hit by a sell-off by institutional investors. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index declined 3.3 points, or 0.14 percent, to close at 2,358.37. Trade volume was moderate at 195 million shares worth 4.05 trillion won ($3.54 billion). The local stock market opened lower, tracking a loss on Wall Street overnight following a deadly attack in Spain and political uncertainties in the United States. "The decl
Aug. 18, 2017
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Korean shares down in late morning trading
South Korean shares traded lower late Friday morning but pared part of their earlier losses on the back of net purchases by retail investors. The benchmark Korea Composite Stock Price Index shed 8.91 points, or 0.38 percent, to 2,352.76 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics falling 0.94 percent, and global chipmaker SK hynix up 0.45 percent.Hyundai Motor rose 0.35 percent, and its smaller affiliate Kia Motors traded 0.43 percent higher. POSCO, the No. 1
Aug. 18, 2017
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Seoul stocks start lower on Wall Street tumble
South Korean shares opened weak Friday, tracking losses on Wall Street overnight on a deadly attack in Spain and political uncertainties in the United States. The benchmark Korea Composite Stock Price Index slipped 17.82 points, or 0.75 percent, to 2,343.85 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics falling 1.06 percent.Top automaker Hyundai Motor rose 0.69 percent, and No. 1 steelmaker POSCO declined 0.75 percent.The local currency wa
Aug. 18, 2017
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Foreign ownership of KOSDAQ stocks hits record high
Foreign ownership of stocks traded on South Korea's secondary stock market has hit a new high, data showed Friday, as offshore investors turn to undervalued tech firms there after exiting the main bourse. As of Thursday, offshore investors held 25.98 trillion won ($22.8 billion) worth of shares traded on the KOSDAQ market for tech and smaller firms, the highest level since the market opened in 1996, according to the data from the Korea Exchange.Foreign ownership came to nearly 12 percent of the
Aug. 18, 2017
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Seoul stocks up for 3rd day on foreign, retail buying
South Korean stocks marked the third day of gains Thursday, helped by foreign and retail buying. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index rose 13.41 points, or 0.57 percent, to close at 2,361.67. Trade volume was moderate at 226 million shares worth 4.42 trillion won ($3.88 billion). The local stock market opened higher, tracking gains on Wall Street overnight. Seo Sang-young, an analyst at Kiwoom Securities, projected the local stock market
Aug. 17, 2017
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Korean shares up in late morning trading
South Korean shares traded higher late Thursday morning on the back of gains in technology firms and steelmakers.The benchmark Korea Composite Stock Price Index rose 11.69 points, or 0.5 percent, to 2,359.95 as of 11:20 a.m.Tech shares continued to trade higher, with Samsung Electronics moving up 1.82 percent and LG Display advancing 2.2 percent.Chipmaker SK hynix climbed 1.36 percent.Steelmakers were also among winners, with POSCO increasing 4.08 percent and Korea Zinc moving up 4.61 percent. H
Aug. 17, 2017
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Offshore stock holdings exceed W600tr
Stock holdings by offshore investors topped 600 trillion won ($526 billion) in South Korea for the first time as of July, data showed Wednesday.The foreign net buying trend, which had continued for eight consecutive months until July, lifted foreign investors’ equity holdings to 605.7 trillion won, accounting for 33.4 percent of all shares issued on the two stock markets, according to data from the Financial Supervisory Service. This came in spite of the shrinking net purchases of for
Aug. 16, 2017
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Financial chiefs vow to stabilize market amid NK risks
South Korea’s finance minister and fiscal policy chief on Wednesday vowed to take stern measures to stabilize the financial markets if necessary, as response to the tensions caused by North Korea’s nuclear provocations.Deputy Prime Minister for Economic Affairs and Finance Minister Kim Dong-yeon and Bank of Korea Governor Lee Ju-yeol attended a luncheon, seeking cooperation amid the challenging economic situations.“(The government), together with the BOK, will keep a close watc
Aug. 16, 2017
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Seoul stocks up for 2nd day on retail buying
South Korean stocks closed higher Wednesday, led by retail investors buying into the market, as tension between the United States and North Korea shows signs of easing. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index rose 14.04 points, or 0.6 percent, to close at 2,348.26. Trade volume was moderate at 265 million shares worth 6.08 trillion won ($5.32 billion). The local stock market opened higher on positive economic data from the US and an easing of ten
Aug. 16, 2017
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Korean shares up in late morning trading
South Korean shares traded higher late Wednesday morning on positive economic data from the United States.The benchmark Korea Composite Stock Price Index rose 13.19 points, or 0.57 percent, to 2,347.41 as of 11:20 a.m.Large caps traded mixed, with market kingpin Samsung Electronics adding 2.8 percent and global chipmaker SK hynix up 2.61 percent.Hyundai Motor, the No. 1 automaker here, rose 0.35 percent, and its smaller affiliate Kia Motors traded 1.12 percent lower.POSCO, the No. 1 steelmaker,
Aug. 16, 2017
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Seoul stocks start higher as N. Korea risks wane
South Korean shares opened higher Wednesday as a bitter verbal war between the United States and North Korea seems to have eased. The benchmark Korea Composite Stock Price Index rose 19.03 points, or 0.82 percent, to 2,353.25 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics adding 2.8 percent.Top automaker Hyundai Motor fell 0.35 percent, and top steelmaker POSCO declined 1.23 percent.The local currency was trading at 1,134.55 won against th
Aug. 16, 2017