Seoul stocks open higher on hopes UK will remain in EU

[THE INVESTOR] South Korean shares opened higher on June 24 as the first poll after the Brexit vote on June 23 showed signs of Britain remaining in the European Union. The benchmark Korea Composite Stock Price Index soared 8.68 points, or 0.44 percent, to 1,995.39 during the first 15 minutes of trading.South Korean shares opened higher on June 24 as initial poll results showed Britain may stay with the EU. Lee Sang-sub/The InvesterAll eyes are on the outcome of the Brexit poll due out at around

June 24, 2016

Korea’s dependence on China poses risks and opportunities

[THE INVESTOR] Korea’s high economic dependence on China is a double-edged sword, a report said on June 24.In a report titled “China’s choice,” McKinsey Global Institute ranked Korea fourth in the world in terms of economic dependence on China. According to the report, Korea is fourth in the world in terms of the proportion of gross domestic product raised from exports to China. Oman showed the highest dependence followed by Angola and Malaysia. China national flag.Korea’s economy is highly trad

June 24, 2016

POSCO’s Q2 operating profit to miss expectations: analyst

[THE INVESTOR] NH Investment & Securities has maintained a buy rating on POSCO and kept the price target of 300,000 won (US$ 261.50) on projection that the firm will continue its earnings improvement due to the increase in steel prices. “POSCO’s second-quarter sales will meet expectations but its operating income will fall shy,” analyst Byun Jong-man said.He expects the steelmaker’s consolidated sale for the second quarter to decrease 8.3 percent on year to 13.92 trillion won and its operating p

June 24, 2016