Park: N. Korea should take care of children

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Banks tighten loans to large firms on bad debt fears

Major commercial lenders in Korea are tightening standards on new loans for large conglomerates over fears of rising bad loans amid the ongoing corporate restructuring of ailing industries. Outstandin...

Updated : 2016.05.05 15:07

Stock market to brace for foreign selloffs

With international oil prices forecast to rise in the long-term and the effects of monetary easing waning in advanced economies, foreign investors are expected to soon become net-sellers of Korean sto...

Updated : 2016.05.05 14:45

Korea’s household debt is manageable: IMF

Korea’s household debt has recently been increasing in tandem with rising mortgages on the back of relaxed regulations on borrowings and recovery in the housing market, the International Monetary Fun...

Updated : 2016.05.05 13:34

Hanjin Shipping to begin creditor-led debt restructuring

Creditors of ailing Hanjin Shipping, the country’s largest shipper by capacity, have agreed to offer financial assistance to the company and initiate a corporate rehabilitation program with condition...

Updated : 2016.05.04 21:57

[Market Now] Niblo Barracks to be sold for W642b

Niblo Barracks, home to U.S. military personnel stationed in the Yongsan base, has been sold for 624.2 billion won ($540 million), Korea Land & Housing Corp. announced Wednesday. Daishin F&I, a local ...

Updated : 2016.05.04 21:02

[Market Now] SK Chemicals vice chairman sells stake in SK E&C

Chey Chang-won, vice chairman of SK Chemicals, has sold his entire stake in SK Engineering and Construction, the builder said Wednesday.SK E&C said in a regulatory filing that Chey sold off 156.9 mill...

Updated : 2016.05.04 17:43

[Market Now] Doosan Bobcat issues new shares to improve finances

Korean construction machinery manufacturer Doosan Infracore said that its subsidiary Doosan Bobcat has decided to offer 1,354 new shares worth 617.2 billion won ($535 million) to affiliate Doosan Engi...

Updated : 2016.05.04 16:16

Daewoo Shipbuilding woes dwarf shipping problems

Korea is moving to recapitalize the Korea Development Bank to help it lead debt structuring of distressed shipping lines and shipyards, but data shows a bigger problem may be brewing inside the policy...

Updated : 2016.05.04 16:09

Seoul shares down 0.49% ahead of holiday

Korean stocks closed lower Wednesday as investors sat on the sidelines ahead of the country's four-day holiday, analysts said. The local currency dropped against the U.S. dollar.The benchmark Korea Co...

Updated : 2016.05.04 16:00

Ministry, BOK agree to increase capital base of policy banks

The Finance Ministry and the Bank of Korea have agreed to increase the capital base of policy banks through a mix of fiscal and monetary policies to ensure that corporate restructuring is carried out ...

Updated : 2016.05.04 15:52

Chinese auto parts maker to list in Korea

Chinese auto parts manufacturer Rothwell International is set to be listed on the Korean stock exchange next month. The company seeks to raise as much as 68.2 billion won ($59 million) through an init...

Updated : 2016.05.04 14:04

Corporate restructuring to have little impact on banks: bank association chief

The chief of the Korean banks' association said on Wednesday that the ongoing industrial restructuring will have little impact on local commercial banks, citing their minor exposure to financially tro...

Updated : 2016.05.04 13:39

[Market Now] Tongyang fails to buy Sambu’s unit

Ready-mix concrete and other construction materials maker Tongyang Inc. said Wednesday that it has failed to acquire construction materials manufacturer Sambu Construction Industrial.The company said ...

Updated : 2016.05.04 11:18

Korea's foreign exchange reserves gain $2.64 bln in April

Korea's foreign exchange reserves continued to increase in April on a rise in overseas securities and deposits, the central bank said Wednesday.As of the end of last month, the country's foreign excha...

Updated : 2016.05.04 11:01

[Market Now] Cosmetic shares rise on solid earnings

Shares of cosmetics firms started off strong Wednesday morning as investors seemed to have shown confidence in their solid first-quarter earnings, an analyst said.Korea’s top cosmetics-maker AmorePac...

Updated : 2016.05.04 10:46