The Export-Import Bank of Korea opens a meeting with a group of CEOs of major companies in Seoul last week. Korea EximbankThe Export-Import Bank of Korea pledged strong support to key industries, especially the overseas construction sector, which has been pressed by weak exports and a domestic economic slowdown.“Our economy is currently facing the toughest challenge ever,” said Eximbank president Lee Duk-hoon in a recent conference with the CEOs of leading domestic companies.“As a financial poli

Caught in a years-long economic recession and political turbulence, the Latin American region is largely considered a risk factor in the global financial sector.But as signs of economic rebound are starting to show, now may be an optimal time for overseas investors to enter the market when the barriers are low, according to a regional expert.“Some speak of an impending financial crisis upon Latin America, but the truth is that the region is already in the midst of a crisis,” Italo Lombardi, dire

Uncertainty in South Korea’s financial markets has widened due to the recent inter-Korean tension and a variety of bearish economic indexes in the U.S. and China.　 An electronic board installed at Korea Exchange Bank in Seoul shows KOSPI and foreign exchange rates on Monday. (Ahn Hoon/The Korea Herald)Stock prices on the main bourse dropped to their lowest level in 25 months. The won-dollar exchange rate touched the 1,200 mark during the session with the Korean currency value falling to a 61-mon

The South Korean won continued to lose ground against the U.S. dollar for a second straight session Monday to reach a five-year low, amid reduced appetites for risky assets stemming from increased geopolitical risks and global economic uncertainties.The local currency closed at 1,199.00 to the greenback, down 4 won, or 0.33 percent, from the previous session's close, marking the lowest level in almost five years.Right after the market opened, the local currency briefly dipped below the psycholog

The European market, which has recently shown signs of an economic rebound, offers a golden opportunity for investors, according to Yuanta Securities.The China-based securities firm recommended its Hana UBS Europe Opportunity Fund, a comprehensive product investing in multinational companies listed in Europe.“The quantitative easing of the European Central Bank, combined with the economic momentum in the region, is an investment opportunity,” said Kim Yong-tae, product development manager of the

South Korea’s stock market nosedived Friday, responding to the geopolitical risk triggered by the two Koreas’ cross-border tensions, as well as the overnight fall on Wall Street and the recent depreciation of the yuan.Financial authorities, however, assured that the impact of the recent North Korean attack on the financial market would be limited. The benchmark Korea Composite Stock Price Index plummeted 38.48 points, or 2.01 percent, closing at 1,876.07 points, the lowest level since Aug. 23, 2