The Export-Import Bank of Korea said Friday it held a joint workshop with World Bank to come up with details on how to support agriculture development in Uganda.The four-day workshop in the capital city of Kampala aimed to further the discussion for the $300 million joint program between the Eximbank’s Economic Development Cooperation Fund and the World Bank to develop the African country’s agriculture, energy, and information, communications and technology sectors during 2015-2019.T

South Korean shares traded lower late Friday morning, as investors opted to cash in part of their recent gains.The benchmark Korea Composite Stock Price Index shed 10.34 points, or 0.43 percent, to 2,385.32 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics falling 1.34 percent, and global chipmaker SK hynix down 1.75 percent.Top automaker Hyundai Motor fell 0.93 percent, and its smaller affiliate Kia Motors traded 0.66 percent lower.POSCO, the No. 1 steelmaker, adva

South Korea's main stock index retreated from an all-time high Friday, tracking declines on Wall Street overnight. The benchmark Korea Composite Stock Price Index fell 12.5 points, or 0.52 percent, to 2,383.16 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics falling 1.67 percent.Top automaker Hyundai Motor remained flat, and top steelmaker POSCO slipped 0.53 percent.The local currency was trading at 1,146.75 won against the U.S. 

South Korea’s main bourse index touched 2,400 for the first time in its history in early morning trade Thursday, before closing at record-high.Opening at 2,396.81, up 0.6 percent from Wednesday’s close, the benchmark Korea Composite Stock Price Index surpassed 2,400 at around 9:50 a.m. Thursday.Following the historic touch, the Kospi closed at 2,395.66, up 0.55 percent from the day before. It marked the third this week that the Kospi hit an all-time high. Foreign and institutional in

South Korea’s presidential policy advisory panel made it official Thursday that the liberal Moon Jae-in government will impose higher taxes on high-income earners and conglomerates in the long term, while continuing tax incentives for low-income households.The State Affairs Planning Advisory Committee, in charge of setting up long-term five-year policy plans, said it will seek to establish a tentatively-named “Special Committee on Taxation and Fiscal Reform” in the second half.

South Korea's main stock index finished at a fresh record high Thursday, helped by gains in large-cap stocks amid optimism on global economic growth. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index rose 13.1 points, or 0.55 percent, to close at 2,395.66. Trade volume was moderate at 433 million shares worth 5.38 trillion won ($4.71 billion). The local stock market opened higher, tracking overnight gains on Wall Street. On the back of a buying spree

South Korean shares extended their rally late Thursday morning, with the main stock index breaking through the 2,400-point level for the first time. The benchmark Korea Composite Stock Price Index rose 17.01 points, or 0.71 percent, to 2,399.57 as of 11:20 a.m. The index touched 2,402.80 at one point earlier in the day, marking its all-time intra-day high, on the back of net purchases by foreign and institutional investors. Large caps traded mixed with market kingpin Samsung Electronics adding 0

Electronics and semiconductors have led the latest stock market boom in Asia's fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery.Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the beginning of this year, more than double the increase rate of 18.05 percent for the benchmark Korea Composite Stock Price Index, according to data

South Korean shares opened higher Thursday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 12.14 points, or 0.51 percent, to 2,394.70 in the first 15 minutes of trading. The index hit a fresh intra-day record high of 2,397.95 at one point. Most large caps traded mixed with market kingpin Samsung Electronics gaining 1.26 percent.Top automaker Hyundai Motor fell 0.62 percent, while top steelmaker POSCO rose 0.53 percent.The local currency was tra

South Korean stocks slumped on Wednesday, retreating from the previous session's all-time high, as foreign investors remained net sellers. The Korean won declined against the US dollar. The benchmark Korea Composite Stock Price Index declined 9.39 points, or 0.39 percent, to close at 2,382.56. Trade volume was moderate at 340 million shares worth 5.79 trillion won ($5.06 billion). The local stock market opened lower with subdued sentiment after a key vote on US President Donald Trump's heal

The percentage of elderly South Koreans receiving public or private pensions stood at 30 percent in 2016, a government report showed Wednesday.The report by the Board of Audit and Inspection, which analyzed data by the NPS and private insurance companies, showed many people remaining unprotected by the country's social security net, although measures are being taken to correct the situation. The government expects the coverage will likely rise to 37 percent in 2020, 42.3 percent in 2030 and 55.5

South Korean shares traded lower late Wednesday morning as sentiment subdued after a key vote on US President Donald Trump's healthcare reform was delayed. The benchmark Korea Composite Stock Price Index fell 6.17 points, or 0.26 percent, to 2,385.78 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics falling 1.37 percent and global chipmaker SK hynix down 1.59 percent.Top automaker Hyundai Motor rose 0.31 percent, and its smaller affiliate Kia Motors traded