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News
Finance minister nominee says corporate tax cut not under consideration
6+ hour, 14+ min ago (218+ words) SEOUL, Sept. 13 (Yonhap) -- Finance Minister nominee Lee Hyoung-il said Sunday the he is not considering a corporate tax cut, citing the restoration of the corporate tax rate that took effect this year. The nominee made the remarks in response to…...
Foreign investors turn net sellers of S. Korean bonds in Aug.
14+ hour, 53+ min ago (242+ words) SEOUL, Sept. 13 (Yonhap) -- Foreign investors turned net sellers of South Korean bonds in August for the first time in about 3 1/2 years, industry data showed Sunday, as the yield advantage from currency-hedged investments declined. Foreign investors sold a net 839.7 billion won…...
Korean Air, Asiana to offer free in-flight Wi-Fi service powered by Starlink
2+ day, 11+ hour ago (246+ words) SEOUL, Sept. 11 (Yonhap) -- South Korea's largest airline, Korean Air Co., said Friday it will begin offering free in-flight Wi-Fi service powered by Starlink on select flights starting next week. The complimentary service will begin Tuesday on four newly retrofitted widebody…...
KB Financial selects seasoned financier as candidate for next chief
2+ day, 6+ hour ago (128+ words) SEOUL, Sept. 11 (Yonhap) -- KB Financial Group Inc., a major South Korean banking group, s... SEOUL, Sept. 11 (Yonhap) -- KB Financial Group Inc., a major South Korean banking group, said Friday it has selected a veteran financier as the candidate for the group's…...
Seoul shares narrow losses late Fri. morning amid inflation concerns
2+ day, 14+ hour ago (239+ words) SEOUL, Sept. 10 (Yonhap) -- Seoul shares narrowed losses late Friday morning helped by retail buying amid investor concerns over possible rate hike by the U.S. Federal Reserve due to higher oil prices. After opening 3.29 percent lower, the benchmark Korea Composite Stock Price…...
Seoul shares open sharply lower, tracking U.S. losses, amid inflation woes
2+ day, 16+ hour ago (150+ words) SEOUL, Sept. 11 (Yonhap) -- Seoul shares opened sharply lower Friday, tracking losses on Wall Street, as the latest U.S. inflation data raised the possibility of the U.S. Federal Reserve raising interest rates to curb inflation. The benchmark Korea Composite Stock Price Index (KOSPI)…...
(EDITORIAL from Korea Herald on Sept. 11)
2+ day, 18+ hour ago (614+ words) Paper prosperityKorea nears US$40,000 per capita GNI, but growth is uneven, youth struggle for jobs A nation can cross a US$40,000 income threshold without a single dollar reaching the average kitchen table. That uncomfortable contradiction now captures the dilemma at…...
Asset managers' Q2 net sharply up on commission income gains
2+ day, 19+ hour ago (205+ words) SEOUL, Sept. 11 (Yonhap) -- Asset management firms in South Korea saw their combined profit soar by more than 80 percent in the second quarter from three months earlier on a rise in commission income amid a bullish stock market, data showed Friday....
(2nd LD) Seoul shares end lower on inflation fears
3+ day, 9+ hour ago (338+ words) (ATTN: ADDS bond yields at bottom) SEOUL, Sept. 10 (Yonhap) -- Seoul shares ended lower Thursday as surging oil prices, driven by escalating tensions in the Middle East, fueled inflation concerns ahead of the release of key U.S. inflation data. The Korean won…...
S. Korean won falls against U.S. dollar on surge in global oil prices
3+ day, 9+ hour ago (140+ words) SEOUL, Sept. 10 (Yonhap) -- The South Korean won declined against the U.S. dollar Thursday, led by a jump in global crude prices as fighting escalated between the United States and Iran in the Middle East. The won was quoted at 1,339.2 won per…...