Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Opposition leader awaits perjury trial ruling
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S. Korea’s export prices continued to fall in June: BOK
[THE INVESTOR] South Korea’s export prices continued to fall in June, mainly on the back of lower international oil prices, according to preliminary Bank of Korea data on July 13. Export prices, in terms of the Korean currency, fell 4.9 percent on-year in June, with the pace quickening from a 4 percent decline in May. The country’s export price index came to 77.97 percent last month, up 0.7 percent from 77.44 percent the previous month, according to the central bank data.However, from a month ea
July 13, 2016
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BOK expected to cut growth forecast again
[THE INVESTOR] The Bank of Korea may lower its economic growth forecast again, and maintain the key rate at 1.25 percent. The central bank is set to hold a Monetary Policy Committee meeting on July 14, and announce a new growth forecast, and pundits say that the 2.8 percent target is likely to be lowered. BOK Gov. Lee Ju-yeol stated after last month’s meeting that the slowdown in global trade is bigger than initially anticipated, and that risks arising from corporate restructuring is likely to g
July 13, 2016
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[EQUITIES] LIG Investment sees turnaround of W36.2b at SK Networks in Q2
[THE INVESTOR] LIG Investment & Securities has forecast that SK Networks will turn its business around in the second quarter with operating profit reaching 36.2 billion won (US$ 31.45 million). Based on improved performance in information communications, gas stations and car-related businesses, LIG said SK Networks is likely to post a 9 percent increase in sales to reach an annual 21.56 trillion won in 2017, while operating profit climbs 29.9 percent to 237.5 billion won. For the past three year
July 13, 2016
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S. Korea’s home-backed loans reach record high
[THE INVESTOR] South Korea’s household debt secured against residential properties broke the 500 trillion won (US$ 436 billion) mark for the first time in June, central back data showed on July 13. According to the Bank of Korea, household debt secured against residential properties rose 4.8 trillion won in June to reach 500.9 trillion won. Overall household debt hit 667.5 trillion won, up 6.6 trillion won from May. Compared to end of June 2015, the figure is 28.4 trillion won higher. Experts sa
July 13, 2016
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Seoul expects no major reprisal from China over THAAD, contingency plans in place
[THE INVESTOR] The South Korean government has a number of contingency plans in case China takes economic action in retaliation for Seoul’s decision to deploy the Terminal High Altitude Area Defense system, the finance minister said on July 13. Speaking at the National Assembly, Finance Minister Yoo Il-ho, who also doubles as deputy prime minister for economic affairs, said that Seoul has contingency plans for a number of scenarios, but that major economic reprisal is not considered likely. Fina
July 13, 2016
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Korea Gas dollar bonds sell out
[THE INVESTOR] Korea Gas, the state-run gas supplier, announced on July 12 that its US dollar-denominated bonds were sold out. The company issued five-year bonds to raise US$ 500 million, and 10-year bonds to raise US$ 400 million. The five-year bonds were rated 0.9 percentage points higher than the rate on 5-year US Treasuries, and the 10-year bonds were rated 0.9 percentage points higher than US Treasuries with same maturity. By Choi He-suk (cheesuk@heraldcorp.com)
July 13, 2016
