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Dongwon Group heir promoted to chair
Soyanggang Skywalk to be renovated until mid-April
Gyeongju's Daereungwon to become car-free on Fridays, Saturdays in April
Spycams found at polling stations, police suspect far-right YouTuber
Man jumps out of car to escape kidnappers
'Smart crosswalk' deactivates kids' smartphones for fewer traffic accidents
Samsung opens AI TV experience zone in Singapore Changi Airport
Lee Jong-sup resigns as envoy to Australia
Jeju tangerine orchard owner arrested for intentionally poisoning birds
Yellow dust engulfs S. Korea, advisory alert issued
Govt. vows not to backtrack increased medical school admission quotas despite doctors' walkout
MLB debut a dream-come-true moment for Giants outfielder Lee Jung-hoo
Industrial output rises for 4th month; retail sales fall in February
Seoul shares start nearly flat ahead of US inflation data
UNSC fails to extend mandate of expert panel monitoring NK sanctions enforcement
[Travel Bits] Festivals, sights across Korea
[Well-curated] High-end graffiti, LP bar and Gwanghwamun on roller coaster
[Around the hotels] Promotions and packages
[Box office] Movies in theaters this week
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Seoul shares end over 1% higher on reviving hope over Fed's rate cut
Markets
Feb 16, 2024
Seoul shares closed higher Friday, as investors placed their bets on a possible rate cut by the US Federal Reserve and US retail sales fell by a wider margin than expected. The Korean won fell against the US dollar. The benchmark Kospi added 34.96 points, or 1.34 percent, to close at 2,648.76. Trade volume was moderate at 584.7 million shares worth 10 trillion won ($7.5 billion), with decliners outnumbering gainers 627 to 249. Foreign investors were net buyers to the tune of 558.4 billion won, w
Seoul shares open higher on Wall Street gains
Markets
Feb 16, 2024
Seoul shares opened higher Friday, tracking overnight gains on Wall Street after the US retail sales fell by a wider margin than expected, reviving hopes over the Federal Reserve's rate cuts. The benchmark Korea Composite Stock Price Index gained 15.78 points, or 0.6 percent, to 2,629.58 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average move up 0.91 percent, with the tech-heavy Nasdaq climbing 0.3 percent. The rise came after the US retail sales for January fel
Is shareholder activism finally taking hold in South Korea?
Markets
Feb 15, 2024
Industry watchers view leveled playing field, government initiatives to uplift activist environment here
Seoul shares end lower on profit taking
Markets
Feb 15, 2024
Seoul shares closed lower Thursday as investors attempted to cash in recent gains. The Korean won gained against the US dollar. The benchmark Korea Composite Stock Price Index fell 6.62 points, or 0.25 percent, to close at 2,613.80. Trade volume was moderate at 607.8 million shares worth 10.25 trillion won ($7.68 billion), with decliners outnumbering gainers 539 to 330. Foreigners and institutions sold stocks worth 14.8 billion won and 49.3 billion won, respectively, while individuals purchased
Korean stock market could duplicate Japan's bull run: Shinhan chief
Markets
Feb 15, 2024
Shinhan Financial Group Chairman Jin Ok-dong believes that undervalued Korean stocks including his banking group’s shares could gain impetus with the government’s strong drive with its upcoming market revamp program aimed at creating a new investment wave. With the Korean financial authorities set to put forward detailed schemes to iron out deep-seated low valuation of Korean stocks this month, listed companies and investors are paying keen attention to what would be included in th
Seoul shares open higher on US gains
Markets
Feb 15, 2024
Seoul shares opened higher Thursday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index gained 14.7 points, or 0.56 percent, to 2,635.12 in the first 15 minutes of trading. Overnight, the US stock market gained ground after a sharp decline the previous day sparked by hotter-than-expected inflation data. Investors have been expecting the US Federal Reserve to start cutting interest rates this year amid hope for eased inflation. But January's consumer pri
Seoul shares snap 3-day winning session on hotter-than-expected US inflation data
Markets
Feb 14, 2024
Seoul shares snapped a three-session winning streak Wednesday as hotter-than-expected US inflation data for January cooled investor sentiment. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 29.22 points, or 1.1 percent, to close at 2,620.42. Trade volume was moderate at 534.17 million shares worth 9.93 trillion won ($7.4 billion), with decliners outnumbering gainers 509 to 378. Institutions sold a net 535.25 billion won worth of stocks, offsetting
Regulator to unveil guidelines on ESG disclosure as early as next month
Economy
Feb 14, 2024
The financial regulator said Wednesday it will unveil a set of guidelines on public disclosures for investments that commit to environmental, social and governance goals in March or April, the financial regulator said Wednesday. The new standards, however, will continue to be subject to changes until their implementation in 2026 or later, according to Kim So-young, vice chairman of the Financial Services Commission. "Considering that discussions of ESG disclosures are being delayed in other
Seoul shares open lower after US inflation data
Markets
Feb 14, 2024
Seoul shares opened lower Wednesday following hotter-than-estimated US inflation data. The benchmark Korea Composite Stock Price Index fell 39.58 points, or 1.49 percent, to 2,610.06 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 1.4 percent to 38,272.75, and the tech-heavy Nasdaq declined 1.8 percent to 15,655.60. Investors have been expecting the US Federal Reserve to start cutting interest rates this year amid hope for eased inflation. But January's
NHN net loss narrows in 2023 on lower costs
Markets
Feb 13, 2024
Major IT company NHN Corp. said Tuesday its net loss narrowed in 2023 from a year earlier thanks mainly to reduced costs. Net loss came to 9 billion won ($6.8 million) last year, compared with a 31.8 billion-won deficit a year earlier, the company said in a regulatory filing. Sales rose 7.3 percent on-year to 2.26 trillion won, with operating income coming to 55.5 billion won, up 42.2 percent from the previous year. NHN said its mobile games division contributed stably to 2023 sales, and it post
Seoul shares up for 3rd day on rate cut hopes
Markets
Feb 13, 2024
Seoul shares closed higher for the third straight session Tuesday amid hopes that the US Federal Reserve will start easing due to continued disinflation. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index added 29.32 points, or 1.12 percent, to close at 2,649.64. Trade volume was moderate at 550.46 million shares worth 12.93 trillion won ($9.7 billion), with gainers outnumbering losers 597 to 285. January's US consumer price index due later Tuesday is
Korea no longer a land of workaholics, study suggests
Economy
Feb 13, 2024
Share of Koreans working over 50 hours down 75% in 20 years
[Photo News] Bitcoin flies high
Markets
Feb 13, 2024
A screen shows bitcoin trading at over 67 million won ($50,459) at local crypto exchange Bithumb's headquarters in southern Seoul, Tuesday. The price of bitcoin traded above $50,000 on Monday (US time) for the first time since December 2021, according to the US-based crypto exchange Coinbase. The sharp increase is assessed to have stemmed from a strong inflow of spot bitcoin exchange-traded funds that directly hold bitcoin. The Korean price of bitcoin stood at 67.1 million won as of 2 p.m.,
Exports fall 14.6% from Feb. 1-10; chip sales jump over 40%
Economy
Feb 13, 2024
South Korea's exports fell nearly 15 percent on-year in the first 10 days of February due mainly to fewer working days, but sales of semiconductors soared more than 40 percent, data showed Tuesday. Outbound shipments reached $15.01 billion in the Feb. 1-10 period, compared with $17.57 billion tallied a year earlier, according to the data from the Korea Customs Service. Per-day exports, however, increased 11.7 percent on-year to $2.31 billion. The number of working days came to 6.5 days duri
Seoul shares open higher amid rate cut hopes
Markets
Feb 13, 2024
Seoul shares opened higher Tuesday as investors expect the US Federal Reserve to start easing this year due to continued disinflation. The benchmark Korea Composite Stock Price Index rose 33.23 points, or 1.27 percent, to 2,653.55 in the first 15 minutes of trading. Investors await January's US inflation data due later in the day. The US consumer price index is expected to support the view that decelerating inflation will allow the US central bank to start cutting rates this year. In Seoul,
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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