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S.Korea stocks, won rebound from Paris shocks, but caution remains
2015-11-17 05:39:09| Steel - Topix.net
The Korea Composite Stock Price Index rose 1.2 percent, or 23 points, to 1,966.31 points as of 0210 GMT, although falling short of recovering all of its 30-point loss on Monday. The won was quoted at 1,168.8 against the dollar, up 0.5 percent from Monday's onshore close at 1,174.1. "The impact from Friday's attacks in Paris proved to be short-lived worldwide," said Park So-yeon, a stock analyst at Korea Investment Securities, referring to a rally in the U.S. markets late on Monday.
Tags: won
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Kakao, Tencent, eBay join for SKorea internet bank license
2015-10-01 09:34:00| Telecompaper Headlines
(Telecompaper) South Korean mobile messaging services provider Kakao (former Daum Kakao) said Chinese internet company Tencent and eBay have joined its bid for a new South Korean internet bank license, Reuters reported. Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4 percent or less in the bank should a license be gained. Kakao declined to comment on financial terms. South Korea is expected to grant one or two licenses for internet banks this year. Kakao's bid is one of at least three known bids.
Tags: internet
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S.Korea to raise 7 service industries to boost growth potential
2014-08-12 09:09:41| Logistics - Topix.net
South Korea planned to raise seven promising service industries, including health care and finance, as part of the efforts to boost growth potential of the economy, which is being feared to plunge into the low-growth trap, the Finance Ministry said Tuesday.
Tags: service
potential
growth
industries
Japan steelmaker 'will accept S.Korea...
2013-08-18 09:18:44| Steel - Topix.net
A Japanese steel giant sued by South Korean wartime slave workers is ready to pay compensation if it loses a long-running legal battle abroad, Japanese media reported on Sunday.
Tags: japan
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skorea
GM plans gradual pullout of S.Korea as labor costs surge
2013-08-12 01:47:05| Automakers - Topix.net
General Motors Co. has begun gradually cutting its presence in South Korea after mounting labor costs and militant unionism triggered a rethink of its reliance on the country for a fifth of its global production, three individuals familiar with GM's thinking said.