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Samsung Electronics, SK hynix Lead Latest Stock Market Boom

Samsung Electronics, SK hynix Lead Latest Stock Market Boom

SEOUL, June 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]

BOK Chief Says Country Will Maintain Monetary Easing Policy to Support Growth

BOK Chief Says Country Will Maintain Monetary Easing Policy to Support Growth

SEOUL, June 13 (Korea Bizwire) – The chief of South Korea’s central bank on Tuesday renewed his stance to maintain the current monetary easing policy to support growth despite a possible U.S. rate hike this week. “As I mentioned yesterday, we will maintain the accommodative monetary policy to help out with economic recovery. We cannot [...]

S. Korea Vows to Take Concentrated Measures Against U.S. Trade Barriers

S. Korea Vows to Take Concentrated Measures Against U.S. Trade Barriers

SEJONG, June 13 (Korea Bizwire) – The South Korean government vowed Tuesday to take all necessary measures to deal with growing U.S. barriers against its trade surplus and steel products. “As the U.S. government has been moving to strengthen trade restrictions and raise barriers, all government ministries need to formulate countermeasures against such developments,” Deputy [...]

S. Korea’s Accumulated Investment in Vietnam Tops US$50 Billion

S. Korea’s Accumulated Investment in Vietnam Tops US$50 Billion

SEOUL, June 13 (Korea Bizwire) – The accumulated investment made by South Korean companies in Vietnam topped the US$50 billion mark as of 2016, with local businesses emerging as the No. 1 foreign investors in the Southeast Asian economy, industry data showed Monday. According to the data compiled by the Korea Trade-Investment Promotion Agency (KOTRA), [...]