'Geunhyenomics,' or the lack thereof

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South Korea's financial regulator to convene emergency meeting

South Korea's top financial regulator will convene an emergency meeting to intensify monitoring of the local financial market following North Korea's long-range missile launch, an official said Sunday.In the meeting scheduled to take place at 11:00 a.m., the Financial Services Commission (...

Updated : 2016.02.07 10:51

Seoul shares seen to stay rangebound in post-holiday sessions

South Korean stocks are expected to move sideways during the holiday-shortened week on signs of a slowing Chinese economy and fluctuating oil prices, though falling odds of a Federal Reserve rate hike...

Updated : 2016.02.06 11:14

New law expected to spark flurry of M&As

A law that passed the National Assembly on Thursday may spark a flurry of mergers and acquisitions, leading to consolidation in some oversupplied industries such as shipbuilding, construction and meta...

Updated : 2016.02.05 14:56

Firms vie for control of Tongyang

Shareholders of Tongyang Inc. are in a battle for control of the firm which recently graduated from a 28-month court receivership. According to a filing on Thursday, Eugene Corp., the country’s large...

Updated : 2016.02.05 14:48

Korea logs budget surplus in 2015

South Korea posted a budget surplus in fiscal 2015 for the first time in four years as its tax revenue edged up due to increased real estate transactions, the finance ministry said Friday.The gross re...

Updated : 2016.02.05 13:44

Lee to head KDB; Hong to take up AIIB vice presidency

Lee Dong-gulLee Dong-gul, a former vice chairman of Shinhan Investment, has been tapped to head the state-run Korea Development Bank, the Financial Services Commission said Thursday.  The financial r...

Updated : 2016.02.04 19:48

Hyundai Securities stake up for sale again

Hyundai Securities is being put up for sale just four months after a deal to sell a controlling stake in the brokerage arm of Hyundai Group fell through. The stake sale, announced Wednesday, is part o...

Updated : 2016.02.04 19:28

Lottery sales reach 12-year high in 2015

Sales of lottery tickets in Korea jumped to a 12-year high in 2015 as hundreds of new stores selling tickets opened amid a prolonged economic slump, government data showed Thursday. (Yonhap)Lottery s...

Updated : 2016.02.04 17:49

Stimulus plan weak: brokerages

The government’s 21 trillion won ($17.4 billion) fiscal stimulus for the first quarter of the year will be insufficient to offset the growing downside pressure on the economy, analysts said Thursday....

Updated : 2016.02.04 17:44

FSS to set up task force to fight accounting fraud

The financial regulator plans to set up a task force to handle the investigation of accounting fraud cases amid calls for tougher measures against such practices, officials said Thursday.The task forc...

Updated : 2016.02.04 10:58

Seoul equities open higher on oil price rebound

Korean share prices opened in the positive on Thursday, edging up 0.58 percent despite a sharp rebound in crude oil prices.The benchmark Korea Composite Stock Price Index rose 10.98 points to 1,901.65...

Updated : 2016.02.04 09:56

Won-dollar volatility at five-month high in Jan.

The daily volatility of the won-dollar exchange rate hit a five-month high in January as concerns rise about the stability of the Korean economy, central bank data showed Thursday.The average gap betw...

Updated : 2016.02.04 09:47

[Graphic News] Korea’s credit ratings at highest levels

Despite the dark clouds gathering over Korea’s economy, its sovereign ratings are at the highest levels on record, data shows. Standard & Poor’s, one of the world’s big three credit ratings agencie...

Updated : 2016.02.03 19:15

Half of listed firms suffer earnings shock in Q4

More than half of South Korea’s major listed firms have suffered earnings shocks as they missed profit forecasts for the fourth quarter of 2015, stoking concerns that the country’s sluggish economy ...

Updated : 2016.02.03 18:46

Korea mulls allowing Iranian fund to invest in Korean stocks

Iran is considering investing some 3 trillion won ($2.49 billion) in its current won-based bank accounts in the Korean capital market, according to Seoul officials Wednesday. The Korean government is ...

Updated : 2016.02.03 14:38