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KRX to extend stock trading hours from August

Korea’s stock market operator will extend trading hours of the stock and derivatives markets by 30 minutes from August, in a bid to synchronize them with other Asian markets, Korea Exchange said Tues...

Updated : 2016.05.24 17:47

[Market Now] Re-auction of KDB Capital fails

The state-run Korea Development Bank has once again failed to sell its subsidiary KDB Capital. KDB said in a statement that only one bidder participated in the final bidding for KDB Capital that close...

Updated : 2016.05.24 16:55

Seoul shares dip to 3-month low on looming Fed rate hike

Korean stocks closed 0.9 percent lower Tuesday as concerns about a potential U.S. rate hike weighed on market sentiment here. The local currency sharply fell against the U.S. dollar.The benchmark Kore...

Updated : 2016.05.24 15:28

ING Life extends sales offer to find buyer

ING Life Insurance will be extending its sales offer by the end of this week to fuel more potential bids for the insurer owned by Korean private equity MBK Partners following lower-than-expected buyou...

Updated : 2016.05.24 14:56

CJ Cheiljedang not buying China‘s MeiHua

CJ Cheiljedang Corp, South Korea’s largest food company, said Tuesday it has decided not buy a controlling stake in China’s MeiHua Holdings Group Co.The Korean company said in a public filing that i...

Updated : 2016.05.24 14:48

Single stock account to be available for foreigners

Korea will introduce a single account system in a pilot program to make it more convenient for foreign investors to trade stock here, the financial regulator said Tuesday. Under the "omnibus account" ...

Updated : 2016.05.24 14:23

Samsung Asset Management mulls ETF joint venture in China

South Korea’s Samsung Asset Management said it will seek to establish a joint venture with China’s CCB Principal Asset Management to operate exchange-traded funds in China.The nation’s largest asse...

Updated : 2016.05.24 14:16

Creditors seek to sell Hyundai Cement in July: reports

Creditors of Hyundai Cement under a debt workout program seek to sell their majority stake in the company as early as July, local news reports said Tuesday.State-run Korea Development Bank, the larges...

Updated : 2016.05.24 14:14

Internet banking users, transactions rise in Q1

Korea's Internet banking service industry continued to rise at a fast clip in the first quarter with both the number of users and daily transactions reaching record highs, central bank data showed Tue...

Updated : 2016.05.24 13:47

Six Korean banks make global top 100: data

Six South Korean banks made the global top 100 banks list, though none of them were included in the top 50 bracket, data showed Tuesday.The six South Korean banks in the top 100 are KB Financial Group...

Updated : 2016.05.24 11:22

Korea recoups 66% of public funds

South Korea has recovered around 66 percent of the public funds spent since the 1997 Asian financial crisis to bail out ailing companies, government data showed Tuesday. From November 1997 to March 20...

Updated : 2016.05.24 09:08

Korea seeks inclusion in MSCI‘s review list of developed market indexes

Ahead of a key decision by MSCI, the index provider, on the potential inclusion of Korea in its developed market index, analysts here are showing mixed prospects. Asia’s fourth-largest economy was ta...

Updated : 2016.05.23 16:09

Seoul shares end higher on bio, tech gains

South Korean stocks closed marginally higher Monday on advances in the bio and tech industries. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 7...

Updated : 2016.05.23 15:55

[KOSDAQ Star] Osstem Implant bets on emerging markets for growth

This is the 11th in a series of articles analyzing major companies by market capitalization traded on the tech-heavy KOSDAQ market. --Ed.In the world of dental implants, Korea is an outlier. Nearly 25...

Updated : 2016.05.23 15:55

Foreign capital outflows expected on U.S. rate rise

Shares in Korea and other emerging markets are forecast to lose ground as foreign investors are likely to pull out their funds ahead of a possible rate rise in the U.S. next month, analysts said Monda...

Updated : 2016.05.23 15:21