The Korea Herald

S. Korea’s export prices continued to fall in June: BOK

Jul 13, 2016

[THE INVESTOR] South Korea’s export prices continued to fall in June, mainly on the back of lower international oil prices, according to preliminary Bank of Korea data on July 13. Export prices, in terms of the Korean currency, fell 4.9 percent on-year in June, with the pace quickening from a 4 percent decline in May. The country’s export price index came to 77.97 percent last month, up 0.7 percent from 77.44 percent the previous month, according to the central bank data.However, from a month ea
BOK expected to cut growth forecast again

Jul 13, 2016

[THE INVESTOR] The Bank of Korea may lower its economic growth forecast again, and maintain the key rate at 1.25 percent. The central bank is set to hold a Monetary Policy Committee meeting on July 14, and announce a new growth forecast, and pundits say that the 2.8 percent target is likely to be lowered. BOK Gov. Lee Ju-yeol stated after last month’s meeting that the slowdown in global trade is bigger than initially anticipated, and that risks arising from corporate restructuring is likely to g
[EQUITIES] LIG Investment sees turnaround of W36.2b at SK Networks in Q2

Jul 13, 2016

[THE INVESTOR] LIG Investment & Securities has forecast that SK Networks will turn its business around in the second quarter with operating profit reaching 36.2 billion won (US$ 31.45 million). Based on improved performance in information communications, gas stations and car-related businesses, LIG said SK Networks is likely to post a 9 percent increase in sales to reach an annual 21.56 trillion won in 2017, while operating profit climbs 29.9 percent to 237.5 billion won. For the past three year
S. Korea’s home-backed loans reach record high

Jul 13, 2016

[THE INVESTOR] South Korea’s household debt secured against residential properties broke the 500 trillion won (US$ 436 billion) mark for the first time in June, central back data showed on July 13. According to the Bank of Korea, household debt secured against residential properties rose 4.8 trillion won in June to reach 500.9 trillion won. Overall household debt hit 667.5 trillion won, up 6.6 trillion won from May. Compared to end of June 2015, the figure is 28.4 trillion won higher. Experts sa