[THE INVESTOR] Science, ICT and Future Planning Minister Choi Yang-hee said on Oct. 14 that it would be right to regulate the country’s No. 1 Internet portal operator Naver if it is found to have engaged in any unfair practice against media outlets.“I think it would be right to regulate (Naver) if it is found to be abusing its market control or monopoly in an aim to engage in irregular practices regarding contracts (with news outlets),” Choi said during an annual audit at the National Assembly.T

Oct. 14, 2016

[THE INVESTOR]  South Korea and Singapore have signed an agreement on the automatic exchange of their citizens’ financial information to improve international tax compliance, according to the Ministry of Strategy and Finance on Friday. Starting from 2018, the financial authorities of the two countries will annually collect and exchange financial information of residents including their names, addresses, bank accounts and balance. Exchanges of more detailed information, such as gross proceeds of

Oct. 14, 2016

[THE INVESTOR] KOSDAQ closed higher at 664.92, up 1.83 points(0.28%) from the previous trading day, on Oct. 14. 

Oct. 14, 2016

[THE INVESTOR] KOSPI closed higher at 2,022.66, up 7.22 points (0.36%) from the previous trading day, on Oct. 14.

Oct. 14, 2016

[THE INVESTOR] South Korea’s exports to Vietnam have more than doubled over the past five years, making it the world’s third-largest importer of South Korean products, a report said on Oct. 14.In 2015, the country’s outbound shipments to Vietnam came to US$27.8 billion, spiking 24.1 percent from $22.4 billion the previous year, according to the report from the Korea International Trade Association.Such an increase came amid a prolonged slump in South Korea‘s exports, which had posted an on-year

Oct. 14, 2016

[THE INVESTOR] South Korean shares traded sharply higher late morning on Oct. 14 as both foreigners and institutional investors turned to buying.The benchmark KOSPI added 11.02 points, or 0.55 percent, to 2,026.46 as of 11:20 a.m. Both institutions and foreign investors were net buyers, a rather rare phenomenon last seen on Sept. 29. Retail investors were net sellers.Most large caps were in positive terrain.Samsung Electronics gained 0.51 percent, while global steelmaker POSCO spiked 1.76 percen

Oct. 14, 2016

[THE INVESTOR] South Korea and Cuba have inked a high-level bilateral accord on an economy-related program, laying the groundwork for the launch of full-scale partnerships, Seoul’s Finance Ministry said on Oct. 14.The two sides signed the memorandum of understanding on sharing South Korea’s experience in economic development in a ceremony held in Havana on Oct. 13 (local time), according to the ministry.It represents the first government-level MOU between the two countries, which have no formal

Oct. 14, 2016

[THE INVESTOR] South Korea’s export prices fell for a 50th consecutive month in September, central bank data showed on Oct. 14.In local currency terms, export prices fell 8.3 percent last month from a year earlier, according to preliminary data from the Bank of Korea. From a month earlier, however, export prices gained 0.7 percent, it said. Export prices of industrial goods slipped 8.4 percent year-on-year in September while those of agricultural and fisheries products climbed 10 percent during

Oct. 14, 2016

[THE INVESTOR] KOSPI opened higher at 2,021.66, up 6.22 points (0.31%) from the previous trading day, on Oct. 14.

Oct. 14, 2016

[THE INVESTOR] KOSDAQ opened higher at 664.43, up 1.34 points(0.20%) from the previous trading day, on Oct. 14. 　

Oct. 14, 2016

[THE INVESTOR] KOSDAQ closed lower at 663.09, down 6.86 points(1.02%) from the previous trading day, on Oct. 13. 　

Oct. 13, 2016

[THE INVESTOR] KOSPI closed lower at 2,015.44, down 18.29 points (0.90%) from the previous trading day, on Oct. 13. 

Oct. 13, 2016