[THE INVESTOR] The shock of Britain’s unexpected decision to leave the European Union last week continued to batter Korean stocks as they opened sharply lower on June 27. The benchmark Korea Composite Stock Price Index fell 12.29 points, or 0.64 percent, to 1,913.07 in the first 5 minutes of trading. The Investor/Lee Sang-subGlobal stock markets are widely expected to suffer increased volatility this week as uncertainty involving the Britain’s EU exit negotiations will make investors more risk a

June 27, 2016

 [THE INVESTOR] Korean shares suffered their biggest daily loss this year falling by more than 3 percent while the currency plunged to a 5-year low against the US dollar on June 24 following Brexit concerns.The country’s benchmark Korea Composite Stock Price Index shed 61.47 points, or 3.09 percent, to 1,925.24. From a session earlier, the Korean won fell 28.70 won, or 2.6 percent, against the greenback to trade at 1,179.90 won.Analysts expected increased volatility in the domestic stock and cur

June 24, 2016

[THE INVESTOR] South Korean shares dropped late morning on June 24 as the result of the British referendum on the European Union membership became opaque. The benchmark Korea Composite Stock Price Index fell down 11.55 points, or 0.58 percent, to 1,975.16 as of 11:20 a.m.One of the recent polls conducted after the vote ended at 6 a.m. on June 24 (Korean time) suggested voter sentiment leaning toward “remaining.”However, early voting results indicated a tight race so investors are expected to wai

June 24, 2016

[THE INVESTOR] South Korean shares closed lower on June 23 putting a halt to a four-day straight rise, as investors wait for the upcoming vote regarding Britain’s membership of the European Union. The local currency increased against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 5.87 points, or 0.29 percent, to 1986.71. Trade volume remained moderate at 449.59 million shares worth 4.16 trillion won (US$3.6 billion). As the upcoming British referendum will have a significa

June 23, 2016

[THE INVESTOR] The government will strive to reduce the negative economic impact of corporate restructuring in the troubled shipbuilding and shipping industries, Finance Minister Yoo Il-ho said on June 23.“The government will draw plans to bolster smooth corporate restructuring and business reorganization, and to improve the competitiveness of key industries,” he said while visiting a shipyard in Ulsan on the southeastern coast.“We will utilize all measures to fend off job instability and a slow

June 23, 2016