Foreign investors have targeted the South Korean stock market in their recent capitalization of equities amid concern over some developed countries exiting monetary easing.Amid predictions of weaker growth for emerging economies due advanced countries’ tighter monetary policy, foreigners net-sold stocks worth $3.22 billion on the Korean bourse over the past week.A certain portion of research analysts, however, are betting on longer-than-expected monetary easing in the U.S. and other major countr

State energy enterprises earn poor grades in government evaluation

In an effort to respond to rapidly increasing Internet traffic, Cisco Systems Korea announced on Tuesday that it would release a new core routing system at the end of this year.In a report released in May, the U.S.-based networking equipment maker predicted that annual global IP traffic would surpass 1.4 zettabytes by the end of 2017 ― a threefold increase from the current traffic. A zettabyte stores 1 billion terabytes of data, or about 250 billion DVDs.In Korea, the IP traffic is expected to d

LG Electronics Inc., the world’s third-largest smartphone maker, said Tuesday that sales of its flagship smartphone, the Optimus G Pro, surpassed the 1 million mark nationwide in four months since its release. The phone is was fastest to reach the figure among its smartphone lineup.Sales of the Optimus G Pro broke 500,000 40 days after its launch, becoming LG Electronics’ fastest-selling smartphone.In May, the tech giant rolled out the smartphone in the U.S. and also released the full HD smartph

The Export-Import Bank of Korea and its Japanese counterpart bank discussed ways to boost cooperation in joint overseas projects during a seminar in Tokyo on Tuesday, bank officials in Seoul said.The seminar was attended by Eximbank vice chairman Hong Young-pyo, the Japanese Bank for International Cooperation CEO Hiroshi Watanabe and some 130 bank officials and executives of plant constructors from the two countries.The participants discussed cooperative measures and shared information on overse

The government-run Korea Internet Security Agency on Tuesday said it signed a memorandum of understanding with FireEye, a U.S.-based security company specializing in fighting cyber crimes, to help keep Korea’s Internet environment safer and free of attacks. “The two sides will be sharing solutions and other security information to jointly challenge cyber threats and malware that have become borderless crimes occurring all over the world,” said Lee Ki-joo, president of KISA. He stressed that it w

South Korean stocks closed 0.93 percent higher Tuesday amid the divided outlook over the United States Federal Open Market Committee (FOMC) meeting slated for this week, analysts said. The local currency fell against the U.S. dollar.  The benchmark Korea Composite Stock Price Index (KOSPI) added 17.52 points to close at 1,900.62. Trading volume was low at 275.3 million shares worth 3.38 trillion won (US$2.99 billion) with gainers outpacing losers 529 to 298.   The index returned above the 1,900-

 South Korean stocks traded almost flat late Tuesday morning as investors continued to sit on the sidelines to await the results of the Federal Open Market Committee meeting scheduled this week, analysts said.   The benchmark Korea Composite Stock Price Index (KOSPI) edged down 0.23 points, or 0.01 percent, to 1,882.87 as of 11:20 a.m.   Logistics firms lost ground, with Hyundai Glovis decreasing 1.08 percent and Hyundai Merchant Marine falling 2.37 percent. Top air carrier Korean Air plunged 1.

South Korean stocks opened almost flat Tuesday as investors took to the sidelines ahead of the U.S.Federal Open Market Committee meeting slated this week, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 1.53 points, or 0.08 percent, to 1,881.57 in the first 15 minutes of trading.Mobile carriers lost ground, with leading SK Telecom falling 1.14 percent and KT losing 0.92 percent. LG Uplus, the smallest player, shed 1.16 percent.In contrast, tech blue chips traded

BUSAN—Unionized workers at Renault Samsung Motors Co. went on a partial strike to demand higher wages, a company spokesman said Monday.Some workers downed tools for two hours earlier Monday while others plan to start the four-hour walkout from 7:45 p.m., Renault Samsung spokesman Koh Jae-yong said.Some 1,800 unionized workers already walked out for four hours earlier this month.The local unit of French automaker Renault SA said it has not been able to produce about 400 vehicles due to the partia

Bill allows Korean food watchdog to launch on-site inspection of overseas food makers

Antitrust agency to toughen rules on public servants seeking jobs at private companies