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00:45
Korea's top four conglomerates account for 60 percent of market cap gain in 2017
The market capitalization of listed companies in Korea has grown by 300 trillion won, or two-hundred-66 billion U.S. dollars so far this year, with the top four conglomerates accounting for around two-thirds of the increase. Local market tracker Chaebul.com says the total market cap of the more than 21-hundred comp...
2017-10-16 14:19:23 KST -
00:44
Fed Chair Yellen upbeat on economy and inflation expectations
U.S. Federal Reserve Chair Janet Yellen has given an upbeat assessment of the U.S. economy and inflation, cementing expectations of another rate hike at the end of the year. Speaking at a global banking seminar on Sunday, Yellen said low inflation had been a "surprise" this year, but expects a rebound in...
2017-10-16 11:41:16 KST -
00:45
South Korea not a currency manipulator: Finance minister
South Korea's top economic policymaker has dismissed claims Seoul manipulates its currency to make its goods more competitive in the global market. Meeting for the third time, Korea's Finance Minister Kim Dong-yeon told his U.S. counterpart Steven Mnuchin that Seoul leaves its currency up to the market,...
2017-10-16 04:05:01 KST -
00:44
S. Korea's long holiday boosted card spending: Data
The recent ten-day-long Chuseok holiday appears to have had a positive effect on consumer spending. According to credit card company KB Kookmin Card, transactions rose dramatically both in Korea and abroad. Domestically, from September 30th to October 9th, daily card spending was up 36-percent compared to Chuseok...
2017-10-15 12:13:59 KST -
00:46
Korea's exports of marine products up 11% in 2017
According to Korea's oceans and fisheries ministry, the country's exports of marine products for the first three quarters of this year are up almost 11-percent compared to the same period last year. Monthly exports have surpassed the 200-million U.S. dollar mark in each of the last six months, and have risen every m...
2017-10-15 11:21:10 KST -
02:04
Samsung predicts record profits for third quarter
Record profits in the third quarter. Samsung Electronics said Friday it expects unprecedented operating profits of around 12-point-8 billion U.S. dollars for the July to September period, almost tripling from the same period last year, also beating a Thomson Reuters average forcast of 12-point-6 billion dollors. ...
2017-10-13 19:59:21 KST -
02:09
S. Korea and China extend currency swap deal, but tensions over THAAD remain
South Korea and China's 56-billion U.S. dollar currency swap deal is here to stay. After a few days of 'will they or won't they' following the agreement's expiration earlier this week, Bank of Korea Governor Lee Ju-yeol and Finance Minister Kim Dong-yeon confirmed the extension of the deal. The agreement allows ...
2017-10-13 19:59:20 KST -
02:13
Samsung Electronics predicts record profits for third quarter
Record profits in the third quarter. Samsung Electronics said Friday it expects unprecendented operating profits of about 12-point-8 billion U.S. dollars for the June to September period, almost tripling from the same period last year. The estimate beats Thomson Reuters average forecast of 14.3 trillion Korean wo...
2017-10-13 11:53:08 KST -
00:46
S. Korea and China agree to extend currency swap deal
After a few days of will they or won't they, South Korea and China have agreed to continue their 56 billion U.S. dollar currency swap deal. On Thursday night local time, at the G20 Finance Ministers and Central Bank Governors meeting in Washington, Bank of Korea Governor Lee Ju-yeol and Finance Minister Kim Dong-yeon...
2017-10-13 10:43:43 KST -
02:03
Samsung Electronics predicts record profits for third quarter
Let's get straight to those figures from Samsung Electronics. The company is roaring back after its well-documented problems last year. Let's get the numbers from our Kim Hye-sung, who's on the line for us. Hye-sung, Samsung must be feeling confident with this earnings guidance Good morning, Mark. As you men...
2017-10-13 09:00:43 KST -
00:48
Most economists expect Federal Reserve to raise rates in December: WSJ poll
A recent survey by the Wall Street Journal shows 95 percent of economists expect the U.S. Federal Reserve to hike interest rates in December, matching projections by the central bank. The poll conducted from last Friday to Tuesday shows 56 of the 59 surveyed made such a prediction. They also estimated the benchma...
2017-10-13 07:29:34 KST -
00:56
Thursday's market wrap
For the closing market figures, Wall Street retreated from its recent record highs on Thursday, with some big earnings figures out, AT&T shares sank and banks took a hit. The Dow Jones Industrial Average edged down zero-point-1 percent to end at 22,841-point-0-1. Underwhelming figures from JP Morgan and Citigroup,...
2017-10-13 04:37:16 KST
top stories
02:17
Moon pledges to continue to steer away from nuclear energy
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00:39
UNESCO to decide adding 2,744 documents on Japan's wartime sexual enslavement to 'Memory of the World' registry
The Japanese government is witholding funds for UNESCO ahead of a meet...
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02:13
Government to unveil strong measures to curb rising household debt
The Moon Jae-in administration will be pulling out the stops to cu...
Most Popular in News
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02:21
President Moon details plan to create 810,000 public sector jobs
The Moon administration's roadmap for creating more jobs in the pu...
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02:38
South Korea, U.S. and Japan pledge to explore all diplomatic solutions on North Korea
South Korea's vice-foreign minister held a meeting in Seoul with hi...
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04:55
WTO panel rules on Korea's ban on Japanese seafood
September 28th. Banners and calls for government action at Seoul's G...
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02:20
N. Korean propaganda channel renews threat after period of relative calm
Breaking a month-long silence, North Korea is back with its war rh...
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02:19
S. Korea to resume construction of two new nuclear reactors
A state commission to decide the fate of the Shin Kori 5 and 6 nuc...
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- Government to unveil strong measures to curb rising household debt
- UNESCO to decide adding 2,744 documents on Japan's wartime sexual enslavement to 'Memory of the World' registry
- Korea's cultural exports rose by 23.5% in Jan. - July this year
- N. Korea diplomat says there will be no negotiations on nuclear program
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