Unification minister to attend denuclearization forum in Kazakhstan

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Iran, South Korea to begin trade in euros

TEHRAN (AFP) -- Iran and South Korea are to start trading in euros, legally circumventing US sanctions on dollar transactions with Tehran, a senior official announced Friday.After months of talks with Washington, at the urging of Iran, Seoul will "with US approval... convert South Korean w...

Updated : 2016.08.26 21:45

Samsung’s financial units relocate to Seocho

Samsung Asset Management said on Friday the company will start its operations in the Seocho Samsung Town starting Monday, marking the beginning of the realignment of the group’s financial units. Acco...

Updated : 2016.08.26 16:57

Kookmin Bank opens new center for foreign investors

KB Kookmin Bank said on Friday it opened a new foreign investor support center in southern Seoul in a bid to increase convenience for overseas investors when they are considering investments in Korea....

Updated : 2016.08.26 16:47

Bank lending rates on household loans decline in July

Bank lending rates on new household loans dropped from a month earlier in July and interest paid by banks on new deposits also fell, central bank data showed Friday.The average interest rate on fresh ...

Updated : 2016.08.26 13:51

Korean finance minister meets with Fitch delegation

South Korea's finance minister held a meeting with the delegation head of global credit rating agency Fitch Ratings Inc. to exchange their views on the recent economic situation and the country's macr...

Updated : 2016.08.26 13:47

Seoul's anti-debt steps not to weigh on builders: analysts

South Korea's latest measures against soaring household debt are unlikely to impact large private builders much as they are focused on curbing the supply of new apartments by a state housing developer...

Updated : 2016.08.26 13:34

Korea to sell 6.5 tln won worth of state bonds in September

South Korea plans to sell 6.5 trillion won ($5.8 billion) worth of state bonds next month, the finance ministry said Thursday.The government will issue 1.6 trillion won worth of bonds with a maturity ...

Updated : 2016.08.25 18:00

Mobile-focused Naver rises, while O2O-centered Kakao declines

The market valuations of tech giants Naver and Kakao stand in stark contrast, with their mobile strategies expected to affect their profitability in the opposite directions. According to Oh Dong-hwan,...

Updated : 2016.08.25 17:39

Mobile-focused Naver rises, while O2O-centered Kakao declines

The market valuations of tech giants Naver and Kakao stand in stark contrast, with their mobile strategies expected to affect their profitability in the opposite directions. According to Oh Dong-hwan,...

Updated : 2016.08.25 15:39

Woori Bank expands mobile overseas remittance, cuts fees

Woori Bank has expanded its mobile remittance services to 16 countries, the lender said Thursday. Customers can now wire money to the US, UK, Bangladesh, Australia, India and United Arab Emirates via ...

Updated : 2016.08.25 15:15

Korean stocks remain flat in late morning trade

South Korean shares remained nearly flat on late Thursday morning as investors took to the sidelines amid an apparent lack of leads.The benchmark Korea Composite Stock Price Index stood at 2,043.98 as of 11:20 a.m., inching up 0.22 point or 0.01 percent from the previous session's close.Th...

Updated : 2016.08.25 11:28

Currency swap not on agenda for finance ministers of Korea, Japan

South Korea and Japan will hold a finance ministers' meeting this weekend to discuss various economic and financial topics, the finance ministry here said Thursday.South Korea's Finance Minister Yoo I...

Updated : 2016.08.25 11:24

Korean shares open lower on oil price woes

South Korean shares opened slightly lower Thursday as investors became wary of recent dips in global oil prices.The benchmark Korea Composite Stock Price Index lost 4.45 points, or 0.22 percent, to 2,039.31 in the first 15 minutes of trading.The decline also followed overnight losses on Wa...

Updated : 2016.08.25 09:25

Shares of firms with higher foreign ownership gain more

South Korea's listed companies with increased foreign ownership saw their share prices climb relatively more than their peers this month, data showed Thursday.According to the data by Daishin Securities Co., the top 20 issues in terms of foreign ownership gains reported an average return r...

Updated : 2016.08.25 09:21

Korean stocks close lower on US rate hike, oil price concerns

South Korean shares closed slightly lower Wednesday as foreigners turned to selling amid concerns of a US rate hike and a further decline in global oil prices. The local currency lost ground against the US greenback.The benchmark Korea Composite Stock Price Index slipped 6.17 points, or 0....

Updated : 2016.08.24 16:45