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Foreign investors remained net buyers of South Korean stocks for a fourth consecutive month in February, data showed Tuesday. Offshore investors scooped up a net 7.37 trillion won ($5.62 billion) worth of local shares last month, sharply up from a net purchase of 3.14 trillion won the previous mon...
With losses from equity-linked securities tied to a Hong Kong index expected to reach almost 6 trillion won ($4.57 billion) this year, South Korean financial regulators announced Monday that sellers may face full compensation for the loss. The announcement follows the Financial Supervisory Service...
HD Hyundai has teamed up with Naver to accelerate its digital transformation, the South Korean shipbuilding giant said Monday. According to the announcement, representatives from the South Korean shipbuilding conglomerate and the country’s information technology giant signed a memorandum of under...
South Korea has launched a project to establish an automated customs clearance system in North Macedonia to advance the European nation's customs administration system and boost bilateral relations, Seoul's customs agency said Monday. Korea Customs Service (KCS) Commissioner Ko Kwang-hyo met with ...
The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange. The Financial Supervisory Service (FSS) said its preliminary inspection, conducted for two months since...
The government’s measures aimed at increasing shareholder returns to boost Korea's undervalued stock market have sparked much debate on their effectiveness due to the lack of motivational drivers for companies to join the program. In the Corporate Value-up Program announced by the Financial Servi...
South Korea’s fruit consumption has diminished by almost 20 percent over the past 15 years amid supply shortages and soaring prices, government data found Sunday. According to the Ministry of Agriculture, Food and Rural Affairs, the nation’s per capita fruit consumption declined by 19 percent to...
South Korean energy and environmental solutions provider SK Ecoplant announced Sunday that it has partnered with the global wellness company Therme Group to develop a resort and spa in Incheon, Gyeonggi Province. The collaboration was formalized with a memorandum of understanding signing ceremony ...
Foreigners have been selling Samsung Electronics in large numbers, adding to the downward pressure. Samsung Electronics was the most bought stock by foreigners in January, but fell to seventh place in February as a net buyer. This month, it has been among the top sellers. Market watchers said man...
S&P Global Ratings on Thursday lowered the outlook for two major Korean asset management firms, Mirae Asset Securities and Korea Investment & Securities, from "stable" to "negative." The agency kept their long-term issuer credit ratings at BBB and short-term ratings at A-2. The negative outlook r...
Ratings agency Moody's downgraded the outlook on the South Korean banks' credit rating to "negative" from "stable" Thursday, predicting their asset quality and profitability will weaken. The agency released a report on the Korean banking system and lowered the credit ratings outlook of 19 South Ko...
South Korean Finance Minister Choi Sang-mok held talks with his Vietnamese counterpart Friday and asked the Southeast Asian government to further improve the business environment to seek closer ties. Choi met his Vietnamese counterpart, Ho Duc Phoc, in Seoul to discuss ways to further bolster bila...
South Korea's antitrust watchdog has taken steps to penalize Meta Platforms for allegedly failing to protect local consumers on its e-commerce platforms of Facebook and Instagram, sources said Friday. The Fair Trade Commission (FTC) has concluded its investigation into Meta's purported violations ...
Currently, the bank employs approximately 640 private banking specialists dedicated to selling products for private banking and investment. Additionally, the bank is implementing a more intricate self-inspection process for customers before purchasing high-risk products. Following contract signing...
The state-run Export-Import Bank of Korea said Thursday that it has inked a memorandum of understanding with the US Department of Energy to bolster their partnership in supporting the Korea-US supply chain and sustainable energy projects between the two nations. This marks the first time Eximbank ...
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
S-Oil donates W560m to support firefighters
LG CNS teams up with Yonsei University to nurture AI specialists
Polestar 4 to make Korean debut in June
S. Korea pledges W23tr venture capital fund for green investment at G20 meeting
Sungsimdang outperforms bakery giants to log sales over W100b