N. Korea's labor productivity 30 years behind S. Korea: think tank

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Standard Chartered aims to foster S. Korea as renminbi hub

British banking group Standard Chartered aims to foster South Korea as the hub for renminbi internationalization amid the Chinese currency's increasing clout in the global market, its board chairman said in an interview."If the global economy is to grow successfully in the future, currency...

Updated : 2014.10.26 09:47

BOK chief urges more investment

Lee Ju-yeol, governor of the Bank of Korea, urged companies to increase their investments, saying that the country’s economy needs another boost to regain its growth momentum.“Investments are not as...

Updated : 2014.10.24 17:11

S. Korea, Australia, Indonesia absent as China launches regional bank

South Korea, Australia and Indonesia on Friday did not join the launch of a regional bank led by China to fund infrastructure projects in Asia, amid Washington's concerns over the new regional lender as it competes with established multilateral lenders such as the Asian Development Bank (A...

Updated : 2014.10.24 16:43

[Newsmaker] KB Financial chief came up the hard way

By picking one of its former executive members as the new chairman, KB Financial Group made it clear that it is determined to end its deep-rooted leadership strife. It has also proclaimed that it will...

Updated : 2014.10.23 21:16

Shares edge down on U.S. losses

South Korean stocks edged 0.27 percent down Thursday as investor sentiment was dampened by overnight losses on Wall Street, but the losses were narrowed by better-than-expected corporate earnings of large-cap companies, analysts said. The local currency declined against the U.S. greenback....

Updated : 2014.10.23 20:54

Foreign investors expand bond ownership in Korea

Foreign investors increased their holdings of won-dominated bonds in South Korea last month on the back of global economic woes and a sluggish local stock market, financial data showed Thursday.Offshore investors purchased local bonds worth a net 2.8 trillion won ($2.66 billion) last week,...

Updated : 2014.10.23 20:48

ADB chief says no position on S. Korea's interest on China-led bank

Asian Development Bank (ADB) President Takehiko Nakao said Thursday that he does not have a stance on South Korea's interest in joining China's push to set up a regional bank to fund infrastructure projects in Asia, but cautioned that the proposed China-led bank should meet international s...

Updated : 2014.10.23 20:02

Foreign investors expand bond ownership in S. Korea

Foreign investors increased their holdings of won-dominated bonds in South Korea last month on the back of global economic woes and a sluggish local stock market, financial data showed Thursday.Offshore investors purchased local bonds worth a net 2.8 trillion won (2.66 billion) last week, ...

Updated : 2014.10.23 09:57

S. Korea's short-term borrowing nears 70 tln won for 3 yrs: data

South Korea has borrowed nearly 70 trillion won (US$66.6 billion) worth of short-term money, including Treasury bills, over the past three years to make up for financial shortfalls in running government affairs, government data showed Thursday.According to the data submitted by the finance...

Updated : 2014.10.23 09:54

KB Financial chooses 'insider' as new chair

After weeks of leadership vacuum, KB Financial Group chose former chief financial officer Yoon Jong-kyoo as the new chairman Wednesday, after interviewing four candidates. Yoon Jong-kyoo (Yonhap)Yoon...

Updated : 2014.10.22 19:01

BOK chief stresses financial stability amid uncertainties

Bank of Korea (BOK) Governor Lee Ju-yeol on Wednesday emphasized the need to bolster financial stability to brace for a negative change of course in the global economy.Speaking at a financial forum in Seoul, Lee told participants that Asia's fourth-largest economy should improve its econom...

Updated : 2014.10.22 10:13

Korea Forest Service bolsters biological sovereignty

The restoration of forest ecosystems is not just a matter of promoting ecology, but also bolstering a country’s biological sovereignty in international society, according to the Korea Forest Service....

Updated : 2014.10.21 20:29

KRX unveils 4 new dividend indices

South Korea's bourse operator on Tuesday unveiled a set of new indices that track high dividend-paying stocks, hoping that they will serve as key investment tools in the era of low market rates and low growth.The four new indices -- the KOSPI high dividend index, the KRX high dividend inde...

Updated : 2014.10.21 15:30

S. Korea's corporate bill default rate slips in Sept.

The default rate of corporate bills in South Korea dipped in September compared with the previous month when the figure soared to the highest level in more than three years, central bank data showed Tuesday.The default rate of corporate bills -- bonds, checks and promissory notes -- reache...

Updated : 2014.10.21 14:06

Local bourse operator OKs Cheil Industries' IPO plan

South Korea's bourse operator Korea Exchange said Monday that it has approved Cheil Industries Inc.'s plan to list its shares on the local main stock market. The de facto holding firm of South Korea's top conglomerate Samsung Group had filed for an initial public offering on Sept. 19. Che...

Updated : 2014.10.20 20:10