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Yen ends at 1,161.91 won

Jun 27, 2016

[THE INVESTOR] The Japanese yen ended at 1,161,91 won on June 27.
Dollar ends at 1,182.3 won

Jun 27, 2016

[THE INVESTOR] The US dollar ended at 1,182.3 won on June 27, a rise from the previous trading day’s closing of 1,179.9 won.
South Korea PM to present economic plans at Tianjin WEF

Jun 27, 2016

[THE INVESTOR] South Korean Prime Minister Hwang Kyo-ahn has confirmed his participation in the World Economic Forum in the northern Chinese city of Tianjin on June 27.He will explain Korea’s “fourth industrial revolution” to world economic leaders. Hwang’s five-day trip kicked off as he arrived in Tianjin on June 26 and held meetings with Chinese leaders. President Xi Jinping and Premier Li Keqiang were included in his agenda. According to the Prime Minister’s Office, Hwang plans to present det
Brexit hammers Seoul stocks further

Jun 27, 2016

[THE INVESTOR] Britain’s shocking decision to leave the European Union continued to torment Korean shares as they extended losses on June 27. The local currency also suffered an extended loss against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 14.54 points, or 0.80 percent, to 1,909.27 as of 10:15 a.m. On June 24, global stock markets lost about US$2 trillion in value, with the country’s benchmark index, the KOSPI, plunging 3.09 percent. On the same day, the Dow Jones in
Euro opens at 1,318.37 won

Jun 27, 2016

[THE INVESTOR] The euro opened at 1,318.37 won on June 27.　
Yen opens at 1,149.28 won

Jun 27, 2016

[THE INVESTOR] The Japanese yen opened at 1,149.28 won on June 27. 　
Seoul stocks plunge on Brexit shock

Jun 27, 2016

[THE INVESTOR] The shock of Britain’s unexpected decision to leave the European Union last week continued to batter Korean stocks as they opened sharply lower on June 27. The benchmark Korea Composite Stock Price Index fell 12.29 points, or 0.64 percent, to 1,913.07 in the first 5 minutes of trading. The Investor/Lee Sang-subGlobal stock markets are widely expected to suffer increased volatility this week as uncertainty involving the Britain’s EU exit negotiations will make investors more risk a
Dollar opens at 1,174.3 won

Jun 27, 2016

[THE INVESTOR] The US dollar opened at 1,174.3 won on June 27, a fall from the previous trading day’s closing of 1,179.9 won.
Dollar opens at 1,174.3 won

Jun 27, 2016

[THE INVESTOR] The US dollar opened at 1,174.3 won on June 27, a fall from the previous day’s closing of 1,179.9 won.
Seoul stocks plunge 3% on Brexit result

Jun 24, 2016

[THE INVESTOR] Korean shares suffered their biggest daily loss this year falling by more than 3 percent while the currency plunged to a 5-year low against the US dollar on June 24 following Brexit concerns.The country’s benchmark Korea Composite Stock Price Index shed 61.47 points, or 3.09 percent, to 1,925.24. From a session earlier, the Korean won fell 28.70 won, or 2.6 percent, against the greenback to trade at 1,179.90 won.Analysts expected increased volatility in the domestic stock and cur
[URGENT] Exchange rate ends at 1,179.9 won against the US dollar

Jun 24, 2016

The South Korean currency ended at 1,179.9 won against the greenback on June 24, weakening from the previous day’s closing of 1,150.2 won.
Seoul shares tumble in late morning

Jun 24, 2016

[THE INVESTOR] South Korean shares dropped late morning on June 24 as the result of the British referendum on the European Union membership became opaque. The benchmark Korea Composite Stock Price Index fell down 11.55 points, or 0.58 percent, to 1,975.16 as of 11:20 a.m.One of the recent polls conducted after the vote ended at 6 a.m. on June 24 (Korean time) suggested voter sentiment leaning toward “remaining.”However, early voting results indicated a tight race so investors are expected to wai
Dollar ends at 1,150.2 won

Jun 23, 2016

[THE INVESTOR] The US dollar ended at 1,150.2 won on June 23, a further fall from the previous day’s closing of 1,154,4 won.
Seoul shares slump ahead of Brexit vote

Jun 23, 2016

[THE INVESTOR] South Korean shares closed lower on June 23 putting a halt to a four-day straight rise, as investors wait for the upcoming vote regarding Britain’s membership of the European Union. The local currency increased against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 5.87 points, or 0.29 percent, to 1986.71. Trade volume remained moderate at 449.59 million shares worth 4.16 trillion won (US$3.6 billion). As the upcoming British referendum will have a significa
Side effects of corporate restructuring to be minimized: Finance Minister

Jun 23, 2016

[THE INVESTOR] The government will strive to reduce the negative economic impact of corporate restructuring in the troubled shipbuilding and shipping industries, Finance Minister Yoo Il-ho said on June 23.“The government will draw plans to bolster smooth corporate restructuring and business reorganization, and to improve the competitiveness of key industries,” he said while visiting a shipyard in Ulsan on the southeastern coast.“We will utilize all measures to fend off job instability and a slow