Financial firms prefer ex-officials for outside directors

The Korea Herald > Business > Economy

Sales at discount outlets, departments stores rise in Feb.

Sales at discount outlets and major department stores grew from a year earlier in February, ending their five-month streak of on-year drop, the government said Sunday.  The combined sales of the country's three major discount outlet chains spiked 24.5 percent on-year in February, accordi...

Updated : 2015.03.29 11:13

S. Korea's agricultural GDP 22nd worldwide in 2012

South Korea's gross domestic product in the agricultural sector ranked 22nd in the world in 2012, down four notches from 2009, data showed Sunday, apparently weakened by free trade agreements.  According to the data compiled by the Korea Rural Economic Institute, the country's GDP in the...

Updated : 2015.03.29 11:10

Korea’s AIIB membership to boost infrastructure sector

South Korea’s membership of the China-led Asian Infrastructure Investment Bank is expected to pave the way for local companies to participate in regional infrastructure projects. The Korean governmen...

Updated : 2015.03.27 19:35

Seoul shares slip 0.14 pct on Yemen risks

South Korean stocks closed marginally lower Friday as foreigners shunned risky assets on growing geographical tension in the Middle East feared to stir problems with the crude oil supply, analysts said. The local currency rose against the U.S. dollar. The Korea Composite Stock Price Index ...

Updated : 2015.03.27 16:32

Property price growth picks up in Q1: data

Apartment prices in South Korea increased at a faster rate in the first quarter compared with a year earlier, data showed Friday, reflecting growing demand for property purchase amid low interest rates.On a nationwide basis, prices gained 0.87 percent on-year in the January-March period, a...

Updated : 2015.03.27 12:00

Seoul shares open higher on chemicals, steelmakers

South Korean stocks opened higher Friday, driven by gains in large-cap chemical companies and steelmarkers, analysts said. The Korea Composite Stock Price Index rose 3.35 points, or 0.17 percent to 2,025.91 in the first 15 minutes of trading. Leading chemical and material producer LG Chem ...

Updated : 2015.03.27 10:18

Seoul shares fall on U.S. woes

South Korean stocks closed nearly 1 percent lower Thursday, a pullback from the previous session's record high of the year as worries about a slowdown in the United States loomed again on weak data and a strong dollar, analysts said. The local currency fell against the dollar. The Korea C...

Updated : 2015.03.26 16:11

Won snaps 3-day gain after sharp rally

The South Korean won slumped slightly against the U.S. dollar Thursday afternoon, ending its three-day winning streak as its recent rally was excessive and durable goods orders in the U.S. dropped unexpectedly last month, raising concerns over manufacturers amid a strong dollar, dealers sa...

Updated : 2015.03.26 16:00

70 pct of ranking officials report increased wealth

Despite a weak economy, seven out of 10 South Korean lawmakers and high-ranking civil servants saw their wealth increase last year from a year earlier thanks mainly to a rise in the value of real estate, data showed Thursday.  Of the nation's 2,302 senior officials required to disclose th...

Updated : 2015.03.26 11:55

BOK raises loan ceiling for smaller firms, cut rates

The Bank of Korea said Thursday it will raise the ceiling on loans extended to smaller firms through commercial lenders to 20 trillion won ($18.11 billion) from the current 15 trillion won and cut the rates on some loan schemes as well, the latest move by the central bank to support Asia's...

Updated : 2015.03.26 11:53

Seoul shares open lower on U.S. woes

South Korean stocks opened lower Thursday, as renewed worries about a slowdown in the United States sapped investor appetite here, analysts said.The Korea Composite Stock Price Index lost 13.96 points, or 0.68 percent to 2,028.85 in the first 15 minutes of trading.Shares fell across the bo...

Updated : 2015.03.26 09:48

Market value of bio stocks surges on growth hopes

The market value of bio and health care shares listed on the South Korean stock markets surpassed 30 trillion won ($27.22 billion) for the first time as investors pinned high hopes on their future growth, the bourse main operator Korea Exchange said Thursday. The combined market cap of the...

Updated : 2015.03.26 09:44

Seoul shares close almost flat on lack of momentum

South Korean stocks continued their tepid trading on Wednesday amid absence of a fresh driver to move the market, with foreigners snapping up shares while institutions went on selloff, analysts said. The local currency rose against the dollar. After swerving in and out of positive terrain,...

Updated : 2015.03.25 15:46

Gov't dividend earnings backtrack for 2nd year in a row in 2014

The government's dividend earnings from its stock holdings fell for the second year in a row to 329.1 billion won ($297.7 million) in 2014, mainly due to the poor performance of institutions it invested in, the finance ministry said Wednesday.The dividend payment received represents a 33.2...

Updated : 2015.03.25 10:36

S. Korean economy grows 3.3 pct in 2014

The South Korean economy expanded 3.3 percent in 2014 as increased facility investments offset slowing growth in construction investment and exports, the central bank said Wednesday.The revised 2014 reading by the Bank of Korea is on par with an earlier estimate of 3.3 percent released in ...

Updated : 2015.03.25 10:11