Japan says hostage negotiations 'deadlocked': report

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S-Oil’s Q4 net tumbles on plunging oil prices

S-Oil, South Korea’s third-largest refiner, said Friday it logged a bigger net loss in the fourth quarter on-year as a steep fall in oil prices hurt the value of its crude stockpile.The net loss came to 248.64 billion won ($226.16 million) in the October-December period, further widening ...

Updated : 2015.01.30 21:46

BOK sees both upside, downside risks in inflation

South Korea’s consumer prices face both upside and downside risks this year ― sliding oil prices and volatile agricultural prices ― the country’s central bank said Friday.Additional falls in oil prices and a prolonged slump in domestic demand are expected to drag down the inflation rat...

Updated : 2015.01.30 21:45

Japan's Orix picked as preferred bidder for Hyundai Group's brokerage arm

Japan's Orix Corp. has been picked as the preferred bidder for a controlling stake in Hyundai Securities Co., the fourth-largest brokerage firm by market cap, financial sources said Friday.Earlier this week, Orix Corp. and South Korean private equity firm Pinestreet had submitted their bid...

Updated : 2015.01.30 19:11

[Herald Interview] Profitable investment requires institutional insight: SC official

Pursuing profits in volatile markets will inevitably lead to risks.The role of financial companies, including asset management firms and banks, is to provide an institutional way of thinking and guida...

Updated : 2015.01.30 18:19

Korea Exchange to be released from direct state control

The Ministry of Strategy and Finance decided Thursday to release Korea Exchange and five other organizations from direct state control. The nation’s main stock exchange was designated as a state inst...

Updated : 2015.01.29 21:42

Korea, China seek to strengthen economic ties

South Korea and China agreed to strengthen economic ties through a free trade agreement, technology exchange, investment in venture start-ups, sharing urban policies and combating climate change, the ...

Updated : 2015.01.29 21:38

KB aims to be Asia’s leading bank

KB Financial Group chairman Yoon Jong-kyu speaks at a meeting with deputy managers of nationwide branches of Kookmin Bank on Jan. 17. (Kookmin Bank)KB Financial Group chairman Yoon Jong-kyu has vowed ...

Updated : 2015.01.29 21:35

Korean firms pick Vietnam as next biz target: poll

A majority of South Korean companies with plans to expand business in overseas emerging markets this year picked Vietnam as the best target, a survey showed Thursday.Of the 537 local firms polled, 49 percent responded that they have plans to develop their businesses in the Southeast Asian ...

Updated : 2015.01.29 21:34

Shares down 0.54% on hawkish Fed statement

South Korean stocks ended 0.54 percent lower on Thursday as the U.S. Federal Reserve‘s latest statement surprised investors and prompted a foreign sell-off here, analysts said. The local currency sharply fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index slid 10....

Updated : 2015.01.29 21:34

S. Korean firms pay bigger dividend, but not yet 'game changer'

South Korean companies are announcing higher dividend payouts, nudged by growing pressure from the government and investors, but the question remains whether it will have a lasting effect on the dull local stock market, analysts said Thursday. In the ongoing earnings season, major Korean c...

Updated : 2015.01.29 11:57

S. Korean firms pick Vietnam as next biz target: poll

A majority of South Korean companies with plans to expand business in overseas emerging markets this year picked Vietnam as the best target, a survey showed Thursday.Of the 537 local firms polled, 49 percent responded that they have plans to develop their businesses in the Southeast Asian ...

Updated : 2015.01.29 10:31

AXA Direct kicks off English website for foreigners

AXA Direct Korea, the Korean branch of Paris-based global insurance provider AXA Group, is to launch an English website service for foreign residents here.Starting from Monday, foreigners will be able...

Updated : 2015.01.28 22:29

Shares up 0.47% as eurozone jitters fade

South Korean stocks ended 0.47 percent higher on Wednesday as investors scooped up shares amid eased concerns over Greece and hopes on the European Central Bank’s massive stimulus, analysts said. The local currency weakened against the U.S. dollar.The benchmark Korea Composite Stock Price...

Updated : 2015.01.28 22:23

Korea, Alibaba seek logistics partnership

Choi Kyung-hwan. (Yonhap)South Korea’s Finance Minister Choi Kyung-hwan and Alibaba Group chairman Jack Ma agreed to seek partnership between Korea’s logistics companies and the Chinese e-commerce g...

Updated : 2015.01.28 21:50

Seoul shares up 0.47 pct as eurozone jitters fade

South Korean stocks ended 0.47 percent higher on Wednesday as investors scooped up shares amid eased concerns over Greece and hopes on the European Central Bank (ECB)'s massive stimulus, analysts said. The local currency weakened against the U.S. dollar.The benchmark Korea Composite Stock ...

Updated : 2015.01.28 16:01