Korea becomes 21st member of Paris Club

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Korea becomes 21st member of Paris Club

 South Korea joined the so-called Paris Club as its 21st member country on Friday, the finance ministry here said, a step that acknowledges the country's transition into a creditor country.The member...

Updated : 2016.07.01 21:39

Green Climate Fund to inject $256.6m in climate change projects

[THE INVESTOR] The UN-operated Green Climate Fund has decided to inject US$ 256.6 million in climate change projects in nine developing countries, the Ministry of Strategy and Finance said July 1. Th...

Updated : 2016.07.01 17:55

End of tax cut casts shadow on H2 auto sales

[THE INVESTOR] The outlook for South Korea's automotive market in the second half of the year appears uncertain with the special tax cut ending as of July 1. The special consumption tax cut which was...

Updated : 2016.07.01 17:46

Asiana replacing parts in A380 from delayed New York-Incheon flight

[THE INVESTOR] Asiana Airlines has grounded the Airbus A380 aircraft that experienced mechanical problems at the John F. Kennedy International Airport, it was revealed on July 1.According to industry ...

Updated : 2016.07.01 17:07

Hyundai Heavy heir to meet with Saudi Arabian energy minister

[THE INVESTOR] Hyundai Heavy Industries’ heir and executives are to discuss widening their business opportunities in Saudi Arabia on July 1 when they meet Aramco executives and Saudi Arabian Energy M...

Updated : 2016.07.01 16:36

Post-Brexit market under greater sway by foreign investors

It's always hard to predict how the stock market will unfold in the future, and when a catastrophic event hits the market, it is even tougher for investors to gauge its impact and the market's future ...

Updated : 2016.07.01 16:35

STX Offshore in talks to ax shipbuilding contracts

STX Offshore & Shipbuilding Co., a local shipyard under court receivership, is in talks with its customers to cancel orders, as it strives to reduce losses, industry sources said Friday.According to t...

Updated : 2016.07.01 16:33

Lotte World Mall accused of design plagiarism

[THE INVESTOR] A local design firm has publicly accused the Lotte World Mall in Seoul for ripping off its design for their building on July 1. Local design house 2CM claims that the exterior design of...

Updated : 2016.07.01 16:27

[ANALYST REPORT] Celltrion: Expect healthy 3Q16 share price momentum

Celltrion’s sales and profit should normalize from 2Q16. Looking at 2H16, we suggest that investors focus on: 1) the start of supply (from 3Q16) of Celltrion Healthcare’s Remsima to Pfizer; 2) expec...

Updated : 2016.07.01 16:20

Asia-Pacific central banks to invest in local currency bonds

[THE INVESTOR] Central banks of 11 Asia-Pacific nations will invest in bonds denominated in the currencies of concerned nations, Bank of Korea announced on July 1. According to SouthKorea’s central b...

Updated : 2016.07.01 16:16

South Korean tycoons’ stock value falls

[THE INVESTOR] The majority of South Korean business tycoons saw a fall in the value of their stock assets this year, an analysis by a think tank showed on July 1. According to the think tank speciali...

Updated : 2016.07.01 16:15

[Photo News] Kospi Rebounds

A worker at the Korea Exchange looks at a screen showing the benchmark Korea Composite Stock Price Index that rebounded close to a pre-Brexit level of 1,990 on Friday in Seoul.(Yonhap)

Updated : 2016.07.01 16:10

Korea to revitalize SME debt financing

South Korea will seek to boost debt issues of small and medium-sized enterprises with credit ratings of below “A” through increased investor protection and opening up new channels for debt financing...

Updated : 2016.07.01 15:56

BOK likely to cut key rate to below 1% in 2016

[THE INVESTOR] Korea’s benchmark interest rate could be slashed to below 1 percent this year due to Britain’s decision to leave the European Union, Nomura Financial Investment said on July 1. Kwon Y...

Updated : 2016.07.01 15:55

Consumer prices almost flat in June

[THE INVESTOR] Korea’s consumer prices increased by less than 1 percent for the second month in a row in June, according to government data on July 1.The country’s consumer price index rose 0.8 perc...

Updated : 2016.07.01 15:54