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W47tr wiped out from Korean stock market on Brexit vote

[THE INVESTOR] Over 47 trillion won (US$40 billion) has been erased from the Korean stock market as Britain voted to leave the European Union on June 24. The combined market capitalization on the main...

Updated : 2016.06.24 18:03

Korea Asset In Trust to go public in July

[THE INVESTOR] Real estate trust company Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13. “Through the initial public offering, the company will go beyond real estate trust business and become the No.1 real estate and finance company,” Kim Kyu-chul head o...

Updated : 2016.06.24 18:03

Won-yuan direct trading market in China to be launched next week

[THE INVESTOR] The Chinese market for direct trading of the South Korean won and Chinese yuan will be launched next week, the South Korean Finance Minister said on June 24.The won-yuan direct trading ...

Updated : 2016.06.24 17:59

KOSPI to plunge below 1800 points on Brexit: analysts

[THE INVESTOR] Analysts warned Britain’s vote to leave the European Union may further dampen Korean stock financial markets as panic gripped investors. On June 24, the country’s benchmark KOSPI shed...

Updated : 2016.06.24 17:48

[ANALYST REPORT] SK Hynix: Easing supply glut

2Q estimates: sales of W3.76tr (+2.1% QoQ), OP of W445bn (-21.6% QoQ) Rebounding indicators, earnings to improve QoQ in 3Q ¨ Retain BUY for target price of W38,0002Q estimates: sales W3.76tr (+2.1% ...

Updated : 2016.06.24 17:34

Brexit batters Seoul financial markets

Like elsewhere in the world, Seoul’s financial markets took a heavy beating from Britain’s decision to leave the European Union on Friday, as panicky investors dumped emerging-market assets in a glo...

Updated : 2016.06.24 16:22

Korea vows swift, firm response over Brexit if necessary

Korean Finance Minister Yoo Il-ho on Friday said Seoul will "swiftly and firmly" take measures to deal with volatility in financial markets if necessary as Britain voted to leave the European Union. K...

Updated : 2016.06.24 16:11

Woori Bank needs to sharply increase provisions to retain top rating

[THE INVESTOR] Woori Bank needs to set aside loan-loss provisions of 700 billion won (US$ 594 million) to maintain its credit rating of AAA, credit rating agencies said on June 24. Woori Bank’s BIS c...

Updated : 2016.06.24 16:07

Seoul stocks, currency stung by Brexit rout

Korea's financial market was roiled Friday by Britain's exit from the European Union, with the local stock market plunging over 3 percent and the local currency nosediving.The country's benchmark Korea Composite Stock Price Index shed 70.43 points, or 3.55 percent, to 1,916.53 as of 2:20 p...

Updated : 2016.06.24 15:56

Korea revises down growth outlook to 2.8 percent

[THE INVESTOR] Korea has revised its annual economic growth rate outlook for 2016 to 2.8 percent from the previous 3.1 percent, the government said on Friday.During a meeting with the ruling Saenuri P...

Updated : 2016.06.24 14:55

Korea’s dependence on China poses risks and opportunities

[THE INVESTOR] Korea’s high economic dependence on China is a double-edged sword, a report said on Friday.In a report titled “China’s choice,” the McKinsey Global Institute ranked Korea fourth in ...

Updated : 2016.06.24 14:51

Korea's financial market stung by Brexit rout

Korea's financial market was roiled Friday by Britain's exit from the European Union, with the local stock market plunging over 3 percent and the local currency nosediving.The country's benchmark Kore...

Updated : 2016.06.24 14:20

Korean investments in Chinese stocks down

[THE INVESTOR] The total transactions of Chinese shares by Koreans dropped by 81.7 percent to US$510,000 this year through June 21 from US$4.14 million a year earlier, the Korea Securities Depository ...

Updated : 2016.06.24 14:14

Koreans' appetite for China stocks subsides after meltdown

Koreans' transactions involving Chinese stocks plunged to $510,000 this year through June 21 from $4.14 million a year earlier, the Korea Securities Depository said Friday. China's stock market was pu...

Updated : 2016.06.24 13:53

Seoul shares turn lower on Brexit uncertainties

Korean shares turned lower late Friday morning as the results of the British referendum remain murky.The benchmark Korea Composite Stock Price Index edged down 11.55 points, or 0.58 percent, to 1,975....

Updated : 2016.06.24 11:49