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Korea's Daily FX Turnover Hits Record High In Q1 [Jun 04, 2008]
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The daily turnover in the traditional foreign exchange market,
comprising spot and forward trading and foreign exchange swaps,
added 2.5 percent on-quarter to $48.7 billion and that of
derivative trading advanced 28.8 percent to $12.5 billion, the bank
said.
"Exporters and shipbuilders were ...
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Seoul Shares Plunge On U.S. Losses [Jun 03, 2008]
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Korean stocks closed more than 1.5 percent lower Tuesday (June
3) as investors dumped blue chips after overnight losses in
U.S. markets, analysts said. The local currency rose against the
greenback for a sixth day.
The benchmark Korea Composite Stock Price Index (KOSPI) tumbled
28.14 ...
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Korea's Foreign Reserves Down In May [Jun 03, 2008]
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Korea's foreign exchange reserves declined by $2.28 billion in
May from a month earlier as a stronger U.S. dollar brought down the
dollar value of assets in other currencies like the euro, the
central bank said Tuesday (June 3).
As of the end of May, the nation's foreign reserves amounted ...
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KRX To Overhaul Its KOSPI 200 Index [Jun 03, 2008]
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Korea's stock market operator said Monday (June 2) it has
decided to add 14 new companies, including STX Corp., to the KOSPI
200 Index from June 13, and will drop 14 other firms, including
S&T Holdings Co., from the index.
The 14 new firms that will be added to the index, which ...
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Seoul Shares End Lower On Institutional Selling [Jun 02, 2008]
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Korean stocks ended marginally lower on Monday (June 2) as
institutions unloaded tech, financial and other blue-chip stocks in
the first session of June, analysts said. The local currency surged
against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) slid
4.94 ...
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Korea To Sell KDB By 2012 [Jun 02, 2008]
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Korea plans to sell a controlling stake in state-owned Korea
Development Bank (KDB) by 2012 and set up a policy financing fund
this year, the country's financial watchdog said Monday (June
2).
The government plans to put the lender and its affiliates
including Daewoo Securities Co. under a ...
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Korea, ADB Seek Joint Financing On Regional Development [Jun 02, 2008]
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Korea plans to seek $3.5 billion worth of joint financing with
the Asian Development Bank (ADB) over the next three years to
provide loans aimed at boosting development in the Asian region,
the government said Monday (June 2).
The Ministry of Strategy and Finance said it has signed ...
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Seoul Bourse To Be Volatile Next Week: Analysts [May 31, 2008]
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The Korean stock market is likely to remain volatile next week
without clear upward momentum as concerns over oil prices and the
health of the U.S. economy will likely weigh on the market,
analysts said Saturday (May 31).
The benchmark Korea Composite Stock Price Index (KOSPI) closed
this ...
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Seoul Shares Rise Nearly 2% On Tech Gains [May 29, 2008]
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Korean stocks gained almost 2 percent Thursday (May 29) as
investors picked up tech blue chips like Samsung Electronics
following overnight gains in U.S. markets, analysts said. The local
currency rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) ...
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Seoul Shares End Lower On Institutional Sell-offs [May 28, 2008]
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Korean stocks closed lower Wednesday (May 28) as institutional
investors unloaded tech blue chips and financial shares, analysts
said. The local currency rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) fell
19.59 points, or 1.07 percent, to 1,805.64. ...
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Seoul Shares End 1.5% Lower On Oil Woes [May 26, 2008]
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Korean stocks closed 1.5 percent lower Monday (May 26) on
mounting fears over inflation and heavy losses by Samsung
Electronics and other tech issues, analysts said.
The local currency fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) tumbled
27.36 points ...
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Korea's Household Income Growth Accelerates In Q1 [May 23, 2008]
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Korea's household income grew at a faster pace in the first quarter
from the previous three months, a factor that may help the
country's consumer spending recovery, a government report showed
Friday (May 23).
The average monthly household income in South Korea ...
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Hyundai Heavy's April Sales Rise 25% [May 23, 2008]
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Hyundai Heavy Industries Co., the world's largest shipbuilder, said
Friday (May 23) that its April sales increased 25 percent on-year
on rising demand for high-priced vessels such as container
ships.
Sales climbed to 1.58 trillion won ($1.51 billion) last month ...
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Korea? Overseas Property Purchases Grow In April [May 21, 2008]
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Koreans' purchases of overseas properties grew in April from a
month earlier but overall spending remained sluggish amid concerns
over a global economic slowdown, a government report showed
Wednesday (May 21).Koreans bought $64 million worth of properties
in foreign countries last month, up ...
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Korea's Direct Financing Down 29 % In April [May 21, 2008]
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Companies' direct financing declined 29 percent in April from a
month earlier as local firms issued fewer stocks and bonds, the
financial watchdog said Wednesday (May 21).
Local companies raised 4.67 trillion won ($4.47 billion) by
floating stocks and bonds in April, ...
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Korea? Overseas Property Purchases Grow In April [May 21, 2008]
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Koreans' purchases of overseas properties grew in April from a
month earlier but overall spending remained sluggish amid concerns
over a global economic slowdown, a government report showed
Wednesday (May 21).Koreans bought $64 million worth of properties
in foreign countries last month, up ...
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Korea? Overseas Property Purchases Grow In April [May 21, 2008]
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Koreans' purchases of overseas properties grew in April from a
month earlier but overall spending remained sluggish amid concerns
over a global economic slowdown, a government report showed
Wednesday (May 21).Koreans bought $64 million worth of properties
in foreign countries last month, up ...
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Korea's Biz Failures Up In April [May 20, 2008]
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Korea's corporate bankruptcies rose in April mainly because
business failures in the service and construction sectors
increased, the central bank said Tuesday (May 20).
According to the Bank of Korea, the number of businesses that went
belly-up reached 234 last ...
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Seoul Shares Fall On Tech, Auto Losses [May 19, 2008]
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Stocks closed lower Monday (May 19) as investors unloaded tech and
auto companies, outweighing surges in shipyard and machinery
sectors, analysts said. The local currency depreciated against the
U.S. dollar. The benchmark Korea Composite
Stock Price Index (KOSPI) fell ...
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Seoul Shares End Higher On Foreign Buying [May 16, 2008]
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Korean stocks closed up Friday (May 16) for the fourth
consecutive session as foreign investors rushed to buy steel,
shipyard and other large-cap shares, analysts said. The local
currency appreciated against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) rose
3.17 ...
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