The Korea Herald

Dollar opens at 1,153.0 won, up from 1,151.8 won

[THE INVESTOR] The US dollar opened at 1,153.0 won on July 1, a hike from previous day’s 1,151.8 won.(theinvestor@heraldcorp.com)

July 1, 2016

Seoul stocks rise for 4th consecutive day

[THE INVESTOR] South Korean shares gained for the fourth straight session on June 30 as investors went for bargain hunting following relief from Brexit concerns. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index rose 13.99 points, or 0.72 percent, to 1,970.35. In moderate trade, 343.67 million shares worth 4.99 trillion won (US$4.3 billion) traded hands on the main bourse, with 495 stocks advancing against 297 declining.Investors responded positively

June 30, 2016

Seoul stocks rise for 4th consecutive day

Japanese yen ends at 1,121.46

[THE INVESTOR] The Japanese yen ended at 1,121.46 won on June 30, a decline from previous day’s 1,136.02.

June 30, 2016

Euro ends at 1,277.29

[THE INVESTOR] The euro ended at 1,277.29 won on June 30, a fall from previous day’s 1,284.05.

June 30, 2016

US dollar ends at 1,151.8 won

[THE INVESTOR] The US dollar ended at 1,151.8 won on June 30, falling from the previous day’s 1,160.2.

June 30, 2016

N. Korea’s underground banking well-established: report

[THE INVESTOR] Underground banking in North Korea seems to be well-organized as the country’s central bank has not provided funds to companies amid an economic crisis, a report claimed on June 30.According to the report by the state-run Export-Import Bank of Korea, the North’s underground banking, where money is transferred through informal rather than formal banking, took shape in the 1990s as a serious economic crisis made its central bank unable to lend money to corporate borrowers.Under such

June 30, 2016

Seoul shares slip in late morning trade

[THE INVESTOR] South Korean stocks slipped a bit on June 30 morning in the face of lingering uncertainties surrounding global efforts to contain market volatility following the post-Brexit upheaval. The benchmark Korea Composite Stock Price Index traded 7.01 points, or 0.36 percent, higher at 1,963.37 as of 11:20 a.m. after hitting an intraday high of 1971.54. The local stock market rebounded this week from June 24’s 3.09 percent loss.Trillions of dollars have been wiped out from global equity v

June 30, 2016

Seoul stocks open higher on positive outlook

[THE INVESTOR] South Korean shares opened higher on June 30, on the heels of gains in US stocks following hopes that a new stimulus package along with market stabilization steps will ease the impact of Brexit. The benchmark Korea Composite Stock Price Index rose 9.68 points, or 0.49 percent, to 1,966.04 in the first 15 minutes of trading.The main index recovered ground from the plunge following Brexit vote, rising for three consecutive days on June 29.Investors are closely watching if government

June 30, 2016

Seoul stocks open higher on positive outlook

Euro opens at 1,282.91 won

[THE INVESTOR] The euro opened at 1,282.91 won on June 30, down from previous day’s closing of 1,284.05 won.

June 30, 2016

Japanese yen opens at 1,122.63 won

[THE INVESTOR] The Japanese yen opened at 1,122.63 won on June 30, down from the previous day’s closing of 1,136.02 won.

June 30, 2016

US dollar opens at 1,151.0 won, down from 1,160.2 won

[THE INVESTOR] The US dollar opened at 1,151.0 won on June 30, down from the previous day’s closing of 1,160.2 won.

June 30, 2016

Seoul stocks rise for 3rd consecutive day

[THE INVESTOR] South Korean shares advanced for a third straight session on June 29 as investors bought oversold stocks following government steps to contain market volatility. The benchmark Korea Composite Stock Price Index rose 20.14 points, or 1.04 percent, to 1,956.36. Some 446.7 million shares worth 4.76 trillion won (US$4.1 billion) traded hands on the main bourse, with 696 stocks advancing against 140 declining.Investors had welcomed policy actions promised by central banks and government

June 29, 2016