The state-run Korea Development Bank unveiled Thursday plans to partner with Korea Venture Business Association to enhance investments in venture firms. KDB will finance venture firms recommended by the association, according to the plan. In addition, the nation’s largest state-run bank will seek ways to stimulate the emergence of local unicorns, or startups valued at over $1 billion, and ramp ...

South Korean stocks traded slightly higher Thursday morning, recouping earlier losses, on the back of foreign buying. The benchmark Korea Composite Stock Price Index rose 2.98 points, or 0.12 percent, to 2,485.89 as of 11:15 a.m. Market kingpin Samsung Electronics was 1.35 percent down, and SK hynix, a major chipmaker, dipped 0.49 percent. In contrast, Naver, the country's top Internet portal ...

South Korean stocks opened slightly higher Thursday, taking a cue from overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index climbed 2.70 points, or 0.11 percent, to 2,485.61 in the first 15 minutes of trading. Market kingpin Samsung Electronics shed 1.35 percent , and SK hynix, a major chipmaker, fell 0.99 percent. In contrast, Hyundai Motor, the No. 1 automaker, mov...

South Korean stocks finished almost flat Wednesday, after paring earlier gains, as investors opted to cash in recent gains amid a bullish run, market analysts said. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index edged down 1.46 points, or 0.06 percent, to close at 2,482.91. Trade volume was moderate at 241 million shares worth 5.72 trillion won ($5.1 ...

Foreign investors offloaded South Korean stocks and bonds worth $4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea said. It marked the second straight month of sell-offs by foreign investors. In August, they sold South Korean st...

South Korean stocks traded lower Wednesday morning, paring back earlier increases, as investors attempted to cash in recent gains. The benchmark Korea Composite Stock Price Index shed 4.22 points, or 0.17 percent, to 2,480.15 as of 11:15 a.m. Market kingpin Samsung Electronics was 0.88 percent down, and SK hynix, a major chipmaker, dipped 3.35 percent. In contrast, Naver, the country's top Int...

Entertainment stocks in South Korea, long trapped under China‘s alleged ban on Korean artists performing in the country, rallied on anticipation of an easing of the Korea-China relationship after a renewed won-yuan currency swap deal last week. For the past three months until Sept. 26, when many entertainment stocks hit their lowest in three months, large entertainment stocks have suffered a dow...

South Korean stocks rose to a fresh all-time high Tuesday as market cap Samsung Electronics shot up on earnings hopes, market analysts said. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 4.32 points, or 0.17 percent, to close at 2,484.37, after rising to as much as 2,487.88 at one point. Trade volume was moderate at 193 million shares worth 5....

South Korean stocks traded slightly higher Tuesday morning on tech gains, with top market cap Samsung Electronics rising sharply. The benchmark Korea Composite Stock Price Index rose 2.61 points, or 0.11 percent, to 2,482.66 as of 11:15 a.m. Market kingpin Samsung Electronics was 1.71 percent up after forecasting upbeat third-quarter earnings, aided by robust chip sales. SK hynix, a major chip...

South Korean stocks opened higher Tuesday, taking a cue from overnight gains on Wall Street, with market leader Samsung Electronics Co. continuing to increase. The benchmark Korea Composite Stock Price Index climbed 4.64 points, or 0.19 percent, to 2,484.69 in the first 15 minutes of trading. Market kingpin Samsung Electronics was 0.93 percent up after it released upbeat earnings guidance for t...

The head of South Korea's financial regulator said Monday that financial health is one of key requirements in allowing five leading securities firms to start investment banking businesses. Choi Jong-ku, chairman of the Financial Services Commission, made the comments during a parliamentary session after being asked about concerns that a massive amount of funds could flow into large investment ba...

South Korean stocks rose to a new all-time high Monday on gains in steelmakers and telecoms, market analysts said. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 6.43 points, or 0.26 percent, to close at 2,480.05, after rising to as much as 2,487.71 at one point. Trade volume was moderate at 223 million shares worth 6.1 trillion won ($5.41 bill...

More than 1 in 10 stocks in South Korea’s markets hit an all-time high in closing price this year, while losers outnumbered gainers on both the Kospi and Kosdaq, amid unprecedented rallies mainly led by giants, according to data from market operator Korea Exchange on Monday. Of 2,023 active common and preferred shares listed through 2016 on both the broad-based Kospi and tech-heavy Kosdaq, 237 h...

South Korean stocks traded slightly higher at all-time high levels Monday morning, with top market cap Samsung Electronics marginally down. The benchmark Korea Composite Stock Price Index rose 2.91 points, or 0.12 percent, to 2,476.53 as of 11:15 a.m. Market kingpin Samsung Electronics was 0.07 percent down after forecasting upbeat third-quarter earnings, aided by robust chip sales. SK hynix, ...

South Korean stocks opened higher Monday, taking a cue from a rise in US stocks last week, with market leader Samsung Electronics Co. continuing to increase. The benchmark Korea Composite Stock Price Index climbed 6.43 points, or 0.26 percent, to 2,480.05 in the first 15 minutes of trading. Market kingpin Samsung Electronics was 0.41 percent up after it released an upbeat earnings guidance for ...