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 […]
South Korea
South Korea may face housing-triggered economic crisis in 2018
A surge in apartments due to be completed in the third quarter of 2017 in the Seoul area may trigger an economic crisis the next year, South Korean market observers say. The glut of housing […]
South Korea’s Regulator will work with banks to expand their services in online foreign currency exchange
South Korea’s Financial Supervisory Service will work with banks to expand their services in online foreign currency exchange to more than 40 currencies beginning in October. The currencies, including rarer ones such as Vietnam’s dong and […]
South Korean won leads gains among emerging-market currencies
South Korea’s won has surged 0.9% against a weakening US dollar as currency traders wait for Federal Reserve Chair Janet Yellen to speak this week on where monetary policy is headed. Other Asian currencies, including […]
South Korea reclaims 11th spot among largest economies
With GDP of US$1.38 trillion last year, South Korea has recaptured its position as the world’s 11th-largest economy, trailing Canada in 10th position. GDP last year was down from 2014, when Korea placed 13th globally […]
IMF sees South Korea’s economy picking up pace in 2017
The South Korean economy’s growth pace of 2.7% this year should improve to 3% in 2017 with the help of greater private consumption and a more robust housing market, the International Monetary Fund predicts. Difficulties […]
South Korea’s household debt climbs again
South Korea’s heavy burden of household debt expanded in July, with the balance of household loans extended by local banks growing 6.3 trillion won from June. The total is now 673.7 trillion won, encouraged by […]
Foreign buying lifts South Korean stocks to 9-month high
Foreign investors piled into South Korean stocks and helped buoy the Kospi to a nine-month high Tuesday. Foreign purchases amounted to 205.9 billion won, and buying is expected to continue. Yonhap News Agency (South Korea) […]
IMF economist sees danger of Japan-like slump in South Korea
A lengthy economic slump may be in South Korea’s near future, one that mimics the extended stagnation in Japan and for similar demographic reasons, an economist with the International Monetary Fund said. However, Rhee Chang-yong, […]