SEOUL, May 31 (Korea Bizwire) – Nearly half of the top 30 conglomerates in the country in 2000 either fell out of the rankings or have been dissolved, with only Samsung Group firmly entrenched in the No. 1 position, an analysis showed Wednesday. Corporate tracker CEO Score compared the top 30 business groups of 2000 and those in 2016 in terms of state-appraised assets. Over the [...]
SEJONG, June 1 (Korea Bizwire) – South Korea’s exports jumped 13.4 percent last month from a year earlier to extend their winning streak to seven months on the back of brisk overseas sales of computer chips and displays, the trade ministry said Thursday. Outbound shipments came to US$45 billion last month, up from $39.7 billion [...]
SEOUL, May 31 (Korea Bizwire) – South Korean stocks closed higher on Wednesday to snap a two-day losing streak as institutional buyers scooped up medical and telecoms shares offsetting a massive selling spree by foreigners following overnight Wall Street losses, analysts said. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock [...]
SEOUL, May 31 (Korea Bizwire) – South Korea’s central bank should maintain the current monetary easing policy to support growth, a member of the Bank of Korea’s (BOK) monetary policy board said Wednesday. Koh Seung-beom made the case during a luncheon meeting with reporters at the BOK headquarters in central Seoul, noting the recovery [...]
SEOUL, May 30 (Korea Bizwire) – South Korean stocks ended slightly lower Tuesday as foreign investors and institutions offloaded large-cap stocks in an apparent move to lock in profits. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) shed 9.29 points, or 0.39 percent, to 2,343.68. Bae Sung-young, [...]
BRAZIL, May 30 (Korea Bizwire) – The Bank of Korea (BOK) announced yesterday plans to include the sharing and digital economy in its new gross domestic product report, which will be published in 2019. The latest plan by the BOK for an overhaul of GDP statistics will see sharing services like Uber and Airbnb or [...]
SEOUL, May 30 (Korea Bizwire) – The financial regulator said Tuesday it will apply tighter rules for mortgage loans to all mutual savings institutions starting next month, in the latest step to control fast-growing household debt. The tighter rules, which already have been applied to retail banks and other depository institutions, require borrowers to repay [...]
SEOUL, May 29 (Korea Bizwire) – The latest report from the Hyundai Research Institute has revealed that South Korea is relatively safe from economic crisis, but warns that a dependency on trade with high-risk nations must not be overlooked. The report evaluating the vulnerabilities of 26 developing economies around the world categorized the countries using [...]
SEOUL, May 29 (Korea Bizwire) – The size of funds that invest in real estate and nontraditional assets has topped the 100 trillion-won (US$89 billion) mark as investors poured money into alternative vehicles seeking stable returns, industry data showed Sunday. According to the data compiled by the Korea Financial Investment Association (KOFIA), real estate funds and special asset funds with exposure to commodities, weather, artworks [...]
SEOUL, May 28 (Korea Bizwire) – South Korean companies’ earnings for the year are forecast to be higher than earlier expected on the back of improving conditions, industry data showed Sunday. According to the data compiled by industry tracker FnGuide, the combined earnings of listed firms here are estimated at 143.59 trillion won (US$128 billion) [...]