One member of the Bank of Korea’s seven-member monetary policy board dissented at the rate-setting meeting Thursday, arguing that the base rate should be taken from the historic low 0.5 percent to 0.75 percent. In the eight meetings since the...
SK Innovation, Korea's leading refiner, said Sunday it will sell its stake in U.S. shale oil sites to a local glycerin company as part of its business reorganization strategy.
The Bank of Korea on Thursday projected a 3 percent economic growth rate for 2021, maintaining its estimate from November last year, as it held rates steady and dismissed inflation as a concern.
Koreans faced two housing upheavals over the past two decades. The first was from 2002 to 2008, and the second started in 2016 and is ongoing. Both bouts of real estate turmoil happened during the terms of liberal presidents Roh...
Stocks closed lower Monday amid fears of a second wave of new coronavirus cases at home and abroad, reducing investors' appetite for risks. The won fell against the dollar.
Stocks finished a tad higher Wednesday as investors bet that the escalating tensions between two Koreas would have a limited impact on the financial markets. The won fell against the dollar.
Stocks closed lower to end a nine-day winning-streak on Thursday, with a gloomy outlook from the U.S. Federal Reserve for the pandemic-hit economy spooking investors. The won fell against the greenback.
Stocks closed higher Monday, extending the winning streak to a seventh consecutive session despite losses in Samsung Electronics. The won rose against the dollar.
Stocks extended their winning streak to a fifth consecutive session Thursday, reaching the highest level in over 100 days on economic recovery hopes. The won fell against the dollar. The Kospi added 4.18 points, or 0.19 percent, to close at 2,151.18.
Stocks closed lower Thursday, snapping a three-day winning streak, on the largest number of daily coronavirus infections in nearly two months. The won fell against the dollar.