Regulator to delay approval of KB Financial's takeover

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[SUPER RICH] Samseong-dong makes quantum leap

While Cheongdam-dong became famous for being a home to the superrich, Samseong-dong has gained a reputation as the premium office area for the nation’s leading companies. Firms preferring neighborhoo...

Updated : 2014.11.24 21:20

More people forced to change jobs in 2013

The number of people who were forced to change jobs after being laid off or for other unwanted reasons jumped in 2013, reflecting tough economic conditions, data showed Monday.According to the data from Statistics Korea, the Financial Supervisory Service and the Bank of Korea, some 718,000...

Updated : 2014.11.24 21:01

Local brokers rush to list SPACs on S. Korea's secondary bourse

Blank-check companies that raise money for future mergers and acquisitions (M&As) have aggressively entered South Korea's secondary bourse this year, as local brokerage houses are seeking to reap higher returns through the special investment vehicle amid torpid markets, data showed Monday....

Updated : 2014.11.24 13:49

[Graphic News] Household income, spending grow 3% on-year in Q3

Household income in South Korea grew 3 percent during the third quarter from the same period last year as a hike in employment led to more earnings, a government report said Friday. When adjusted for ...

Updated : 2014.11.23 21:35

Over 30 percent of South Korea's fisheries imports coming from China

One-third of South Korea's fisheries imports up to September this year were from China, a study said Sunday, an already sizeable figure that is expected to further increase when a bilateral trade deal takes effect.The tally by the Korea Maritime Institute (KMI) showed South Korea imported ...

Updated : 2014.11.23 14:43

Seoul's income from foreign patients grows 7-fold in 4 yrs

The city of Seoul earned nearly 300 billion won (US$269.5 million) last year from foreign patients seeking medical services in the metropolis, marking a more than seven-fold increase from four years earlier, according to the city government on Sunday.Hospitals and medical clinics based in ...

Updated : 2014.11.23 11:41

S. Korea's recovery momentum remains weak: finance minister

South Korea's economy is steadily improving from a slump thanks to government-led stimulus efforts, but the recovery momentum still remains weak, the finance minister said Friday."Our economy is steadily improving out of the second-quarter slump, driven by expansionary macroeconomic polici...

Updated : 2014.11.21 09:34

Moody’s retains credit rating on Korea at ‘Aa3’

Global rating agency Moody’s Investors Service said Thursday that it has retained its sovereign credit rating on South Korea at “Aa3.”“Korea has a strong external position, supported by its competitive export industries and large holdings of official foreign exchange reserves that redu...

Updated : 2014.11.20 21:22

Seoul shares end lower on ailing investor sentiment

South Korean stocks lost ground Thursday as conflicting economic signals caused institutions and retail investors to offload holdings. The local currency fell against the U.S. dollar. Starting the day on the negative side, the benchmark Korea Composite Stock Price Index gave up more ground...

Updated : 2014.11.20 21:21

Saving energy can be new growth engine: KEMCO

Trade Minister Yoon Sang-jik (front row, sixth from right) and KEMCO chief Byun Jong-rip (front row, seventh from right) pose with awardees at the Energy Saving Promotion Contest on Wednesday. (KEMCO)...

Updated : 2014.11.20 21:16

S. Korea unlikely to achieve growth target this year

South Korea is unlikely to reach its 2014 growth objective as domestic demand remains weak and there are few signs that the growth rate will pick up sharply during the rest of the year, experts said Thursday.In July, the government revised down its growth estimate for 2014 to 3.7 percent f...

Updated : 2014.11.20 10:21

Structural reforms key to achieving sustainable growth: BOK chief

Ongoing expansionary measures taken by many countries to help boost their economies are stop-gap measures for economic rebalancing, the chief of South Korea's central bank said Thursday, stressing that structural reforms are key to preventing future crises and inducing sustainable growth."...

Updated : 2014.11.20 09:56

Korea’s producer prices down for 3rd month in October

Producer prices in South Korea declined for a third straight month in October, due mainly to decreasing oil prices and a fall in prices of vegetables and other agricultural goods, central bank data showed Wednesday.The producer price index, a barometer of future consumer inflation, stood a...

Updated : 2014.11.19 21:08

Public opinion toward businesses, entrepreneurs improves in 2014: report

Public opinion in South Korea towards businesses and entrepreneurs improved this year compared to 2013, with less people feeling animosity towards companies, a report by a local economic think tank showed Wednesday.According to the Korea Economic Research Institute (KERI), 65 percent of th...

Updated : 2014.11.19 14:06

Number of jeonse leases with deposits over W1b rises fivefold

Seoul apartments that cost more than 1 billion won ($910,000) in jeonse deposits, or lump-sum rentals, jumped fivefold in the past five years, a South Korean realtor said Tuesday. Rent deposits of about 11,432 apartments among 1.2 million jeonse leases in Seoul surpassed 1 billion won, an ...

Updated : 2014.11.18 21:25