Korean securities firms’ profits down 40% in H1
With net profits down slightly in the second quarter from the first three months of the year, South Korea’s 54 securities companies ended the first half of 2016 with a decline in profit of more […]
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Korean inflation slipped to 0.7% in July
South Korea’s inflation rate cooled to a 0.7% pace in July, down from 0.8% in June. Slack oil prices contributed to the decline, leaving the rate at a 10-month low. Maeil Business Newspaper (South Korea) […]
Korean exports dropped 10.2% in July
South Korean exports saw their steepest decline in three months with a 10.2% drop last month from a year earlier, partly due to fewer working days. Minus exceptional factors, however, exports were down 1.6%, the […]
Mobile stock trading exceeds 30% of total volume in Korea
Smartphones used for growing share of South Korea’s stock trades. Stock trading on mobile devices has taken off in South Korea since 2009. Trading on smartphones is projected to account for a record 30% of […]
Korea faces major labor actions
The first major strikes of what is expected to be a wave of industrial actions are being launched in South Korea as the economy struggles. Unions are demanding substantial wage increases while resisting restructuring plans […]
Park Geun-Hye was jailed in the Seoul Detention Center today
Ousted South Korean leader Park Geun-Hye was jailed in the Seoul Detention Center today. This is the latest shock wave that has rocked Asia’s fourth-largest economy. Indeed, the wide-ranging corruption scandal has already led to […]
iQiyi, a video-streaming startup, could raise $1B via IPO
Baidu is considering listing video-streaming site iQiyi.com in either Hong Kong or the U.S. next year. It could raise about $1B through the IPO, sources told WSJ. Baidu (NASDAQ:BIDU) is planning to issue a convertible […]
Samsung Electronics to supply chips to Tesla
Jumping further into the auto industry after its $8B acquisition of Harman Industries last month, Samsung Electronics (OTC:SSNLF) has signed a contract to supply semiconductors to Tesla Motors (NASDAQ:TSLA). According to South Korea’s Electronic Times, […]
KRX creates market that uses blockchain in partnership with Blocko
The Korea Exchange (KRX), South Korea’s sole securities exchange operator, has launched a new service in which equity shares of startup companies can be traded on the open market. Called the Korea Startup Market (KSM), […]