Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Seoul alerts overseas missions to NK terror threats
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Public backlash against division of Gyeonggi Province under 'corny' name
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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[Today’s K-pop] Stray Kids go gold in US with ‘Maniac’
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Shares of Samsung Electronics held by chairman's family rise this year
Shares of Samsung Electronics Co. held by the chairman's family rose 1.55 percentage points this year, mainly due to the cancellation of treasury shares, official data showed Sunday.Data by the Financial Supervisory Service and the tech giant showed that shares held by chairman Lee Kun-hee, his heir apparent Lee Jae-yong and "specially related people" accounted for 20 percent of all ordinary shares issued by the world's leading smartphone and computer chip producer.The chairman, who re
Oct. 22, 2017
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Land-for-permanent residency policy for foreigners not working: lawmakers
South Korea has been offering permanent residencies to foreigners who buy and keep real estate in designated areas as part of its push to foster nonmetropolitan zones, but it has so far benefited only a handful of popular destinations, lawmakers said during a parliamentary audit this week.Since 2010, under the former Lee Myung-bak administration, the government has allowed investors to buy land and build facilities for tourist accommodations in 10 authorized zones including Jeju Island.Over 99 p
Oct. 20, 2017
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[News Focus] Why are investors shunning small-caps on Kospi?
Record market rallies in South Korea, mainly spurred by large-cap stocks such as Samsung Electronics on their upbeat earnings forecast, have highlighted that investors are less drawn to small cap stocks -- relatively more exposed to potential risks -- even in their attempt to unwind from overweight tech sectors here. The main bourse index Kospi rose 3.4 percent for the past seven trading days until Wednesday, while scaling the record earlier this week, according to data by the Korea Exchan
Oct. 19, 2017
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Seoul stocks dip on profit-taking
South Korean stocks finished lower Thursday, as investors opted to cash in recent gains amid a bullish run, market analysts said. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index fell 9.85 points, or 0.40 percent, to close at 2,473.06.Trade volume was moderate at 232 million shares worth 6.75 trillion won ($5.96 billion), with gainers outnumbering losers 467 to 326.The local stock market opened higher on overnight gains in Wall Street, but went south on p
Oct. 19, 2017
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KDB partners to prop up venture firms
The state-run Korea Development Bank unveiled Thursday plans to partner with Korea Venture Business Association to enhance investments in venture firms. KDB will finance venture firms recommended by the association, according to the plan. In addition, the nation’s largest state-run bank will seek ways to stimulate the emergence of local unicorns, or startups valued at over $1 billion, and ramp up investor relations programs for local startups. KDB called the partnership an acceleration of
Oct. 19, 2017
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Korean stocks edge up late Thursday morning
South Korean stocks traded slightly higher Thursday morning, recouping earlier losses, on the back of foreign buying.The benchmark Korea Composite Stock Price Index rose 2.98 points, or 0.12 percent, to 2,485.89 as of 11:15 a.m. Market kingpin Samsung Electronics was 1.35 percent down, and SK hynix, a major chipmaker, dipped 0.49 percent.In contrast, Naver, the country's top Internet portal operator, advanced 0.98 percent, and Hyundai Motor, the No. 1 automaker, surged 1.33 percent.No.1 steelmak
Oct. 19, 2017
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Stocks open slightly higher on overnight US gains
South Korean stocks opened slightly higher Thursday, taking a cue from overnight gains on Wall Street.The benchmark Korea Composite Stock Price Index climbed 2.70 points, or 0.11 percent, to 2,485.61 in the first 15 minutes of trading. Market kingpin Samsung Electronics shed 1.35 percent , and SK hynix, a major chipmaker, fell 0.99 percent.In contrast, Hyundai Motor, the No. 1 automaker, moved up 1.66 percent, and top chemical firm LG Chem rose 0.91 percent.POSCO, the steelmaker, advanced 3.44 p
Oct. 19, 2017
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Seoul stocks almost flat amid profit-taking
South Korean stocks finished almost flat Wednesday, after paring earlier gains, as investors opted to cash in recent gains amid a bullish run, market analysts said. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index edged down 1.46 points, or 0.06 percent, to close at 2,482.91.Trade volume was moderate at 241 million shares worth 5.72 trillion won ($5.1 billion), with losers outnumbering gainers 510 to 289.The local stock market opened higher as top market
Oct. 18, 2017
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Foreigners sell S. Korean stocks and bonds for second straight month over N. Korea risks
Foreign investors offloaded South Korean stocks and bonds worth $4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday.Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea said.It marked the second straight month of sell-offs by foreign investors. In August, they sold South Korean stocks and bonds worth $3.25 billion, marking the first month of sell-offs since November 2016, when foreig
Oct. 18, 2017
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Korean stocks down late Wednesday morning
South Korean stocks traded lower Wednesday morning, paring back earlier increases, as investors attempted to cash in recent gains.The benchmark Korea Composite Stock Price Index shed 4.22 points, or 0.17 percent, to 2,480.15 as of 11:15 a.m. Market kingpin Samsung Electronics was 0.88 percent down, and SK hynix, a major chipmaker, dipped 3.35 percent.In contrast, Naver, the country's top Internet portal operator, advanced 5.60 percent, and Hyundai Motor, the No. 1 automaker, surged 2.34 percent.
Oct. 18, 2017
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Signs of easing Korea-China tension lift entertainment stocks
Entertainment stocks in South Korea, long trapped under China‘s alleged ban on Korean artists performing in the country, rallied on anticipation of an easing of the Korea-China relationship after a renewed won-yuan currency swap deal last week. Shares of firms devoted to the Korean popular culture industry, ranging from K-pop music to TV series and films, have largely contributed to gains of the second-tier Kosdaq index Tuesday by 1.68 percent. Many entertainment stocks in Korea are listed
Oct. 17, 2017
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Seoul stocks hit another new high on Samsung gains
South Korean stocks rose to a fresh all-time high Tuesday as market cap Samsung Electronics shot up on earnings hopes, market analysts said. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index gained 4.32 points, or 0.17 percent, to close at 2,484.37, after rising to as much as 2,487.88 at one point.Trade volume was moderate at 193 million shares worth 5.24 trillion won ($4.62 billion), with gainers outnumbering losers 403 to 384.The local stock market opene
Oct. 17, 2017
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Korean stocks slightly up late Tuesday morning
South Korean stocks traded slightly higher Tuesday morning on tech gains, with top market cap Samsung Electronics rising sharply.The benchmark Korea Composite Stock Price Index rose 2.61 points, or 0.11 percent, to 2,482.66 as of 11:15 a.m. Market kingpin Samsung Electronics was 1.71 percent up after forecasting upbeat third-quarter earnings, aided by robust chip sales.SK hynix, a major chipmaker, advanced 0.59 percent, and Naver, the country's top Internet portal operator, gained 1.05 percent.H
Oct. 17, 2017
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Stocks open higher on overnight US gains
South Korean stocks opened higher Tuesday, taking a cue from overnight gains on Wall Street, with market leader Samsung Electronics Co. continuing to increase.The benchmark Korea Composite Stock Price Index climbed 4.64 points, or 0.19 percent, to 2,484.69 in the first 15 minutes of trading. Market kingpin Samsung Electronics was 0.93 percent up after it released upbeat earnings guidance for the third quarter.SK hynix, a major chipmaker, also soared 1.54 percent.In contrast, Hyundai Motor, the N
Oct. 17, 2017
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Regulator to check financial health of securities firms aspiring
The head of South Korea's financial regulator said Monday that financial health is one of key requirements in allowing five leading securities firms to start investment banking businesses. Choi Jong-ku, chairman of the Financial Services Commission, made the comments during a parliamentary session after being asked about concerns that a massive amount of funds could flow into large investment banks that sell investment management accounts (IMAs).
Oct. 16, 2017
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Seoul stocks rise to new all-time high
South Korean stocks rose to a new all-time high Monday on gains in steelmakers and telecoms, market analysts said. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index gained 6.43 points, or 0.26 percent, to close at 2,480.05, after rising to as much as 2,487.71 at one point.Trade volume was moderate at 223 million shares worth 6.1 trillion won ($5.41 billion), with losers outnumbering gainers 411 to 394.The local stock market opened higher as top market cap
Oct. 16, 2017
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Over 1 in 10 Korean stocks hit records: KRX
More than 1 in 10 stocks in South Korea’s markets hit an all-time high in closing price this year, while losers outnumbered gainers on both the Kospi and Kosdaq, amid unprecedented rallies mainly led by giants, according to data from market operator Korea Exchange on Monday. Of 2,023 active common and preferred shares listed through 2016 on both the broad-based Kospi and tech-heavy Kosdaq, 237 had hit record-highs as of Wednesday.Among the 237 shares, about two-thirds, or 157, were o
Oct. 16, 2017
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Korean stocks up late Monday morning
South Korean stocks traded slightly higher at all-time high levels Monday morning, with top market cap Samsung Electronics marginally down.The benchmark Korea Composite Stock Price Index rose 2.91 points, or 0.12 percent, to 2,476.53 as of 11:15 a.m.Market kingpin Samsung Electronics was 0.07 percent down after forecasting upbeat third-quarter earnings, aided by robust chip sales. SK hynix, a major chipmaker, plunged 2.76 percent, and Naver, the country's top Internet portal operator, gained 0.1
Oct. 16, 2017
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Stocks open higher on US gains
South Korean stocks opened higher Monday, taking a cue from a rise in US stocks last week, with market leader Samsung Electronics Co. continuing to increase.The benchmark Korea Composite Stock Price Index climbed 6.43 points, or 0.26 percent, to 2,480.05 in the first 15 minutes of trading. Market kingpin Samsung Electronics was 0.41 percent up after it released an upbeat earnings guidance for the third quarter.SK hynix, a major chipmaker, also improved 0.35 percent.In contrast, Hyundai Motor, th
Oct. 16, 2017
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Korean, US financial chiefs discuss North Korea, FTA
The top financial policymakers of South Korea and the United States met Saturday on the sidelines of the Group of 20 Finance Ministers Meeting in Washington D.C. Finance Minister Kim Dong-yeon and Treasury Secretary Steven Mnuchin discussed pending issues including North Korea, the bilateral free trade agreement and the US report on currency manipulation, according to Seoul officials.They expressed concerns over Pyongyang's nuclear and missile provocations and agreed to enhance policy coordinati
Oct. 15, 2017