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Korea's daily FX turnover hits record high in Q1 [June 04, 2008]
The daily turnover in the traditional foreign exchange market, comprising spot and forward trading and foreign exchange swaps, added 2.5 percent on-quarter to $48.7 billion and that of derivative trading advanced 28.8 percent to $12.5 billion, the ba...
Seoul shares plunge on U.S. losses [June 03, 2008]
Korean stocks closed more than 1.5 percent lower Tuesday (June 3) as investors dumped blue chips after overnight losses in U.S. markets, analysts said. The local currency rose against the greenback for a sixth day.
KRX to overhaul its KOSPI 200 index [June 03, 2008]
Korea's stock market operator said Monday (June 2) it has decided to add 14 new companies, including STX Corp., to the KOSPI 200 Index from June 13, and will drop 14 other firms, including S&T Holdings Co., from the index.
Korea's foreign reserves down in May [June 03, 2008]
Korea's foreign exchange reserves declined by $2.28 billion in May from a month earlier as a stronger U.S. dollar brought down the dollar value of assets in other currencies like the euro, the central bank said Tuesday (June 3). As of the end of May,...
Seoul shares end lower on institutional selling [June 02, 2008]
Korean stocks ended marginally lower on Monday (June 2) as institutions unloaded tech, financial and other blue-chip stocks in the first session of June, analysts said. The local currency surged against the U.S. dollar. The benchmark Korea Composite ...
Korea to sell KDB by 2012 [June 02, 2008]
Korea plans to sell a controlling stake in state-owned Korea Development Bank (KDB) by 2012 and set up a policy financing fund this year, the country's financial watchdog said Monday (June 2). The government plans to put the lender and its affiliates...
Korea, ADB seek joint financing on regional development [June 02, 2008]
Korea plans to seek $3.5 billion worth of joint financing with the Asian Development Bank (ADB) over the next three years to provide loans aimed at boosting development in the Asian region, the government said Monday (June 2).
Seoul bourse to be volatile next week: analysts [May 31, 2008]
The Korean stock market is likely to remain volatile next week without clear upward momentum as concerns over oil prices and the health of the U.S. economy will likely weigh on the market, analysts said Saturday (May 31).
Seoul shares end higher on tech gains [May 30, 2008]
Korean stocks closed higher Friday (May 30) as investors snapped up tech shares like Hynix Semiconductor, following firmer overseas markets, analysts said. The local currency rose against the U.S. dollar. The benchmark Korea
Seoul shares rise nearly 2% on tech gains [May 29, 2008]
Korean stocks gained almost 2 percent Thursday (May 29) as investors picked up tech blue chips like Samsung Electronics following overnight gains in U.S. markets, analysts said. The local currency rose against the U.S. dollar.
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