The Korea Herald

[ANALYST REPORT] KRW and CNY take a pause ahead of China GDP release

■ USD-KRW climbs as KRW depreciates along with other Asian currenciesThe USD-KRW rate opened October 17 at KRW1,140.2, up KRW8.1 from the previous close, reflecting upward pressure on the USD in global markets after the release of solid U.S. economic indicators. The USD-CNY rate rose to CNY6.7379, the highest level since 2010, as the People’s Bank of China devalued the CNY further. The KRW lost strength in sync with most Asian currencies. The USD-KRW rate climbed further to KRW1,143 during tradi

Oct. 18, 2016

[ANALYST REPORT] KRW and CNY take a pause ahead of China GDP release

KOSPI opens higher at 2,027.81 up 0.20 points

[THE INVESTOR] KOSPI opened higher at 2,027.81, up 0.20 points (0.01%) from the previous trading day, on Oct. 18.

Oct. 18, 2016

KOSDAQ opens higher at 660.58 up 0.75 points

[THE INVESTOR] KOSDAQ opened higher at 660.58, up 0.75 points(0.11%) from the previous trading day, on Oct. 18.

Oct. 18, 2016

KOSDAQ closes lower at 659.83 down 5.09 points

[THE INVESTOR] KOSDAQ closed lower at 659.83, down 5.09 points(0.77%) from the previous trading day, on Oct. 17.

Oct. 17, 2016

KOSPI closes higher at 2,27.61 up 4.95 points

[THE INVESTOR] KOSPI closed higher at 2,027.61, up 4.95 points (0.24%) from the previous trading day, on Oct. 17.

Oct. 17, 2016

Galaxy Note 7 fiasco to not affect rising component prices: report

[THE INVESTOR] Samsung Electronics' unprecedented global recall and halt in production of its Galaxy Note 7 may cause changes in the shipments of major smartphone brands, but the discontinuation of Note 7 sales will not affect the upward price trends for key smartphone components, a report said on Oct. 17.According to the report compiled by market researcher TrendForce, Samsung has produced about 4 million Note 7s since its sales earlier this year. The original production volume forecast of the

Oct. 17, 2016

CJ Group to host PGA Tour event starting in 2017

[THE INVESTOR] South Korean conglomerate CJ Group said on Oct. 17 it will host a PGA Tour event in October next year.It will be the first regular PGA Tour competition to be held in South Korea. The country has previously held events sanctioned by the PGA Tour, including last year‘s Presidents Cup, but never a tour event. The CJ event will be part of the 2017-2018 PGA Tour season.The official signing ceremony between CJ and the PGA Tour will be held in Seoul on Monday, and further details, includ

Oct. 17, 2016

Foreign currency deposits down in Sept.

[THE INVESTOR] Foreign currency deposits held by banks in South Korea dropped from a month earlier in September, central bank data showed on Oct. 17.Outstanding foreign currency deposits held by local residents came to US$66.5 billion as of end-September, down US$840 million from the previous month, according to the data from the Bank of Korea.Foreign deposits include those held by foreigners who have stayed in South Korea for more than six months, as well as foreign companies here.The on-month

Oct. 17, 2016

[ANALYST REPORT] Focus on ECB meeting, China’s GDP and U.S. consumer prices

■ USD-KRW down for the first time in 4 trading days on exporters’ USD selling and easing concerns over Chinese economyThe USD-KRW rate opened October 14 at KRW1,131.0, down KRW4.9 from the previous close. The USD weakened as concerns over China’s economic slowdown triggered the previous day eased. China reported in the morning that producer prices declined at a slower pace and core consumer prices increased further. The USD-KRW rate continued to receive downward pressure on hopes for China’s sol

Oct. 17, 2016

[ANALYST REPORT] Focus on ECB meeting, China’s GDP and U.S. consumer prices

[EDITORIAL] Apartment prices

[THE INVESTOR] Apartment prices in Seoul and other major cities have shot up over the past two years in the wake of the record-low key rate set by the central bank and the reconstruction boom.The situation is totally opposite to four to five years ago when the construction sector suffered from a mass of unsold apartments after the 2008-2009 financial crisis, which caused the insolvency of some small- and mid-sized builders.The sluggish construction industry was a fast-track opportunity for the g

Oct. 17, 2016

KOSPI opens higher at 2,028.93 up 6.27 points

[THE INVESTOR] KOSPI opened higher at 2,028.93, up 6.27 points (0.31%) from the previous trading day, on Oct. 17.

Oct. 17, 2016

KOSDAQ opens higher at 666.26 up 1.34 points

[THE INVESTOR] KOSDAQ opened higher at 666.26, up 1.34 points(0.20%) from the previous trading day, on Oct. 17.

Oct. 17, 2016

[Graphic New] Korea's Exports to Vietnam up sharply

[THE INVESTOR] Korea’s exports to Vietnam rose 200 percent between 2010 and 2015, according to the Korea International Trade Association.The amount of exports to Vietnam tripled from $9.7 billion (10.9 trillion won) in 2010 to $27.8 billion last year, KITA data showed.During the cited period, exports to the US also steadily rose on increased demand.Meanwhile, exports to China are on the decline, totaling $69.4 million between January and August, after posting 137.1 billion won in 2015. China’s s

Oct. 17, 2016

[Graphic New] Korea's Exports to Vietnam up sharply

Korea officially joins IPMA

[THE INVESTOR] The International Project Management Association officially accepted Korea as its 65th member at a conference in Sydney, Australia, Sunday, the association said. “IPMA Korea will work to put together project management models tailored to boost the global competitiveness of Korean businesses,” said Cho Won-dong, president of IPMA Korea.IPMA is an international association composed of 63 countries, and aims to develop high-value sustainable projects.IPMA Korea will also put in all e

Oct. 17, 2016

Samsung cut the highest number of workforce in H1

[THE INVESTOR] Among the 109 listed firms that earned more than 1 trillion won ($880,000) in the first half of this year, 54 companies have downsized their workforces, a local corporate research firm said Sunday.A total of 5,284 workers were let go from 54 firms between January and June this year, compared to a year ago, according to data by Chaebul.com.Korea’s biggest conglomerate Samsung Group shed the highest number of employees.Battery provider Samsung SDI, for instance, last year announced

Oct. 17, 2016

Samsung cut the highest number of workforce in H1

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