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Analysts Divided on KOSPI’s Outlook after Downturn

Analysts Divided on KOSPI’s Outlook after Downturn

SEOUL, Aug. 11 (Korea Bizwire) — South Korean analysts are divided over how much the local stock market will drop down the road following a recent downturn sparked by foreign selling and other negatives. Some fear the key price index may sink below the psychologically important 2,300-point level on foreign investors’ massive profit-taking, the so-called [...]

Another Tough Year Lies Ahead for S. Korean Shipyards

Another Tough Year Lies Ahead for S. Korean Shipyards

SEOUL, March 7 (Korea Bizwire) – After suffering record losses last year, South Korean shipbuilders may have to brace for yet another tough year based on a prolonged global slump stemming from low oil prices and tougher competition with Chinese rivals, sources said Monday. The nation’s big three shipyards — Hyundai Heavy Industries Co., Daewoo [...]

Xiaomi Set to Rekindle Smartphone Battle

Xiaomi Set to Rekindle Smartphone Battle

China-based tech giant Xiaomi Inc., which has been sluggish in tapping overseas markets due to copyright-related issues, is set to speed up its expansion with a new flagship, industry sources said Thursday, engaging in new battles with top brands like Samsung and Apple in South Korea. (Image : Yonhap) SEOUL, March 3 (Korea Bizwire) – [...]