[THE INVESTOR] South Korean share prices tumbled to near one-month low on June 16 on the cautious tone of the US Federal Reserve on the global economy amid rising risks involving Britain’s exit from the European Union. The local currency closed at 1,171.4 won against the US dollar, up 1.9 won from the previous session’s close.The benchmark Korea Composite Stock Price Index lost 16.84 points, or 0.86 percent, to close at 1,951.99, booking a sixth straight losing session. Trade volume was at 432.9

June 16, 2016

[THE INVESTOR] Weak employment and low inflation led the U.S. Federal Open Market Committee to freeze its federal fund rate at 0.25 to 0.50 percent, extending the possibility and uncertainty over a rate rise, analysts say.The U.S. FOMC said that it will maintain its benchmark interest rate, but remains “accommodative,” indicating that it will adjust its monetary policy in accordance with conditions in the labor market and consumer prices.“In determining the timing and size of future adjustments

June 16, 2016

[THE INVESTOR] The latest financial regulations released by the government in efforts to secure foreign currency stability met with mostly positive responses from industry watchers.Regarding one of the key features requiring banks to raise their foreign exchange liquidity coverage ratio for banks, experts said the move would eventually lead to reinforcing the health of the banking sector. As a part of the stability plans, financial regulators said local banks will be required to raise their FX L

June 16, 2016

[THE INVESTOR] Lotte Group has given up its plans to acquire Duty Free Americas Inc., the largest duty-free operator in the U.S., amid the widening probe that had earlier forced the South Korean retail giant to withdraw plans to list its hotel unit, The Korea Herald found Thursday.“The group has effectively given up on the potential acquisition of a U.S. duty-free operator worth 1.7 trillion won ($1.5 billion), now that the initial public offering of its hotel unit has been indefinitely delayed

June 16, 2016

[THE INVESTOR] In a move expected to further boost bilateral trade, the Korea-Colombia free trade agreement will take effect next month, the government said on June 16.Colombia informed South Korea earlier in the day that it has completed the ratification process of the deal clinched in 2013, the Ministry of Trade, Industry and Energy said, adding that the deal will go into effect on July 15. South Korean cars are waiting to be shipped overseas.                                               Hera

June 16, 2016

[THE INVESTOR] Hotel Lotte’s decision to scrap what would have been the nation’s largest-ever initial public offering is benefiting companies that are preparing to list on the local stock exchange in June.As Hotel Lotte’s IPO faces a major setback, firms expect to share the spotlight that had been focused on the Korean retail giant Lotte Group’s hotel unit. Hotel Lotte and Lotte Duty Free Shop.Some companies, which are set to go public on the benchmark KOSPI or secondary KOSDAQ market, are alrea

June 16, 2016