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Chipmakers lead market in a day of losses
Korean stocks closed lower yesterday, dragged down by sharp declines in chipmakers including Samsung Electronics, analysts said. The local currency depreciated against the U.S. dollar. The benchmark Kospi fell 12.22 points, or 0.7 percent, to…
May 21,2008
Performance-based HRM system needs reviewing
Since the 1997 Asian financial crisis, a growing number of Korean companies have replaced seniority-based salary systems with performance-based pay. In 1996, only 1.6 percent of them based salaries on performance. Last year, the figure went up to 5…
May 19,2008
Won winner
Employees at the Korea Exchange smile at a stock monitor yesterday as the main Kospi rose 22.8 points, or 1.3 percent, to end at 1,848.27, the highest since Jan. 4. The measure gained 1.3 percent this week. The Korean won also ended at 1,009.6 won ag…
May 03,2008
Sales of blue chips lower shares in Korean market
Korean stocks closed down Tuesday as investors unloaded shipyard, brokerage and other blue chips, analysts said. The benchmark Kospi fell 11.66 points or 0.6 percent, to 1,811.51 points. Volume was thin at 268.1 million shares worth 5 trillion won…
Apr 30,2008
Institutions skim profits and Kospi slips a notch
Seoul’s main stock market closed marginally lower yesterday as earlier gains were offset by institutional selling of machinery and steelmakers, analysts said. The benchmark Kospi edged down 1.51 points, or 0.1 percent, to 1,823.17. Volume was moder…
Apr 29,2008
News at Samsung damps enthusiasm of investors
Korean stocks finished lower yesterday as investors dumped shares following the Samsung Group chairman’s decision to step down over alleged corporate misconduct, analysts said. The benchmark Kospi lost 12.99 points, or 0.7 percent, to 1,787.49. Vol…
Apr 23,2008
Earnings reports in U.S. give Kospi upward nudge
Korean stocks closed higher yesterday as investors bought tech and bank shares after sentiment was lifted by better-than-expected U.S. earnings reports, analysts said. The benchmark Kospi gained 10.11 points, or 0.57 percent, to 1,768.67. Volume wa…
Apr 18,2008
Focus on exports spurs Kospi to higher ground
Korea’s main stock market ended higher yesterday as institutions picked up tech, auto and other export-focused shares, analysts said. The benchmark Kospi climbed 15.07 points, or 0.9 percent, to 1,779.71. Volume was moderate at 249 million shares w…
Apr 12,2008
econoInvestors buy blue chips, and Kospi inches higher
Korean stocks closed slightly higher yesterday as investors picked up financial and tech shares, analysts said. Rebounding from a weak start, the benchmark Kospi rose 9.93 points, or 0.6 percent, to 1,764.64. “The index started lower, hurt by overn…
Apr 11,2008
[Market]Kospi rises a fourth day after Wall Street stands
Seoul’s main stock market climbed for a fourth straight trading session yesterday. The benchmark Kospi finished up 7.07 points, or 0.4 percent, at 1,773.56, the highest in almost three months. “Investor sentiment improved because Wall Street did not…
Apr 08,2008
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