S. Korea reports first outbreak of foot-and-mouth disease

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Seoul shares take breather after hitting yearly high

South Korean stocks took a breather Wednesday after hitting a yearly high the day before, closing flat from net selling by institutions and private investors, analysts said. The local currency rose against the U.S. dollar. Starting the day in negative territory, the benchmark Korea Composi...

Updated : 2014.07.23 19:50

Average dividend yield for top business groups significantly low

The dividend yield ratio of South Korea’s top 10 business groups averaged 0.8 percent last year, delivering even less than interest on bank deposits, industry data showed Wednesday.The 92 affiliates of the country’s top 10 conglomerates paid 7.29 trillion won ($7.13 billion) in dividends...

Updated : 2014.07.23 19:50

[Kim Ji-hyun] The art of criticism

A couple nights ago, I had dinner with a best-selling author who complained that people were constantly bad-mouthing him behind his back. He bemoaned the fact that these people never approached him in...

Updated : 2014.07.23 19:41

Government, businesses differ on cash reserve tax

Finance Minister Choi Kyung-hwan and the nation’s business leaders met on Tuesday, agreeing to work together in boosting investment and alleviating government regulations.However, tension lingered as the two parties remained at odds on Choi’s plans to impose taxes on excessive corporate ...

Updated : 2014.07.22 21:29

Seoul shares hit yearly high on policymakers’ growth pledge

South Korean stocks ended at a yearly high Tuesday, bolstered by market expectations that economic policymakers are focused on fueling economic growth. The local currency rose against the U.S. dollar. Starting the day in positive territory, the benchmark Korea Composite Stock Price Index f...

Updated : 2014.07.22 21:06

Large-cap stocks tight-fisted in dividend payouts: data

South Korea’s large-cap stocks lag behind their smaller local rivals in terms of both dividend payout ratio and dividend yield ratio despite their huge cash reserves, data showed on Tuesday.SK Telecom Co. and KT&G Corp. were the only large-cap shares among the 41 local stocks whose divide...

Updated : 2014.07.22 21:05

Foreign direct investment to Korea jumps 30% in H1

New foreign direct investment pledged to South Korea surged significantly from a year earlier in the first half on a large increase in fresh investment pledges from China, the government said Tuesday.In the first six months of the year, the amount of new FDI pledged to the country came to ...

Updated : 2014.07.22 21:05

Korean households’ financial investments remain low: data

South Korean households’ financial investments lag far behind those of the United States as they focus more on property and bank deposits, data showed Monday.Cash and bank deposits accounted for a large 45.5 percent of South Korean households’ financial assets in 2013, compared to 12.5 p...

Updated : 2014.07.21 20:15

Seoul shares dip as institutions offload

South Korean stocks dipped for the second session in a row Monday as institutions offloaded shares amid worries over second-quarter earnings reports. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index started the day on a positive note and rose...

Updated : 2014.07.21 20:07

Seoul, Beijing see progress in latest round of FTA talks

South Korea and China have made a meaningful breakthrough in their latest round of negotiations for a bilateral free trade agreement after agreeing on how to open their respective service and investment markets, the government said Friday.“Regarding the service and investment sectors, we ...

Updated : 2014.07.18 20:48

Seoul shares down, won falls on increased geopolitical risks

South Korean stocks closed lower on Friday as investors, concerned over rising geopolitical risks following the crash of a Malaysia Airlines jet over Ukraine, flocked to safer assets, analysts said. The Korean won also fell against the U.S. dollar.The benchmark Korea Composite Stock Price ...

Updated : 2014.07.18 20:47

Korea, Spain join hands for maritime business

LAS PALMAS, Spain ― Las Palmas, often dubbed a paradise for its mild climate, beautiful beaches and romantic atmosphere, has long been the base of South Korea’s distant-water fishing in the Atlantic...

Updated : 2014.07.17 20:49

Seoul shares hit yearly high, won pares gains

South Korean stocks advanced to their highest level this year on Thursday, fueled by growing speculation over a rate cut in Asia’s fourth-largest economy and sound economic data from the U.S., analysts said Thursday. The Korean won also rose against the U.S. dollar, snapping its two-day l...

Updated : 2014.07.17 20:41

Government will announce opening of rice market Friday

The South Korean government will officially announce Friday its plan to liberalize the rice market, officials said on Thursday. Lee Dong-phil, minister of the Ministry of Agriculture, Food and Rural Affairs, will make the announcement following an economic ministers’ meeting. But the mini...

Updated : 2014.07.17 19:36

Korea's biz community opposes gov't move to tax cash reserves

South Korea's business community on Thursday protested proposals by the government to tax corporate cash reserves, stressing that such actions will only hurt investment and not benefit the economy.The Federation of Korean Industries (FKI), which represents the interests of the country's la...

Updated : 2014.07.17 14:25