[THE INVESTOR] Samsung Electronics said on Oct. 20 it will unveil a premium mobile digital radiograph at an industry congress this week. The GM85 digital X-ray features “exceptional mobility, enhanced user convenience and a high image quality,” Samsung said in a statement. The new machine will be unveiled at the 19th World Congress of International Society of Radiographers and Radiological Technologists, which starts its three-day run from Thursday in Seoul. Jun Dong-soo, head of Samsung‘s medic

[THE INVESTOR] KOSPI closed lower at 2,040.60, down 0.34 points (0.02%) from the previous trading day, on Oct. 20.

[THE INVESTOR] KOSDAQ closed lower at 655.68, down 5.58 points(0.84%) from the previous trading day, on Oct. 20.

[THE INVESTOR] KOSPI opened higher at 2,044.12, up 3.18 points (0.16%) from the previous trading day, on Oct. 20.

[THE INVESTOR] KOSDAQ opened higher at 663.06, up1.80 points(0.27%) from the previous trading day, on Oct. 20.

[THE INVESTOR]  Chinese farm equipment-maker Golden Century, the fourth Chinese company to be listed on the secondary Korean bourse, closed weaker than expected on its first trading on Thursday. The company’s stock closed at 3,815 won ($3.40), 4.74 percent lower than the market price set at 4,005 won, while Kosdaq inched up 0.15 percent to 661.26 points.It was higher than the initial public offering price of 3,500 won, but lower than expected, experts said. The price of 3,500 won is 6.1 times th

[THE INVESTOR] The Financial Services Commission announced Wednesday it would provide an additional 2 trillion won ($1.78 billion) for issuances of mortgages for stable supply of the loans for the working class by the end of the year. Conforming mortgages, or “Jeokgyeok Loans,” here issued by the state-run Korea Housing Finance Corporation (HF), have already surpassed the initial supply limit of 16 trillion won, the FSC confirmed. The announcement came amid mounting public confusion after HF uni

[THE INVESTOR] South Koreans have poured more than 3 trillion won (US$2.67 billion) into some 2.4 million tax-efficient individual savings accounts, the country’s financial regulator said on Oct. 19.The country introduced the ISA in mid-March to help investors here diversify their investment portfolios.In the government-backed scheme, individuals can benefit from tax exemptions on up to 2.5 million won of capital gains from their investment held for at least five years. “There was a total of 3.0

[THE INVESTOR] MBK Partners’ China chief Kuo-Chuan Kung has recently resigned from the firm, Wall Street Journal reported on Sept. 18 citing unnamed sources. The founder partner at South Korea’s largest private equity firm has managed more than US$10 billion in capital in Asia, including China, Taiwan and Hong Kong. There are eight partners at the firm, including founder and Chairman Kim Byung-jun.The newspaper said his departure comes as several of China’s top deal makers are leaving establishe

[THE INVESTOR] KOSDAQ opened higher at 661.26, up 0.97 points(0.15%) from the previous trading day, on Oct. 19.

[THE INVESTOR] KOSPI closed higher at 2,040.94, up 0.51 points (0.02%) from the previous trading day, on Oct. 19.

[THE INVESTOR] Prosecutors raided around 10 brokerage houses on Oct. 19 amid allegations that the firms were involved in short-selling Hanmi Pharmaceutical shares based on leaked information.Investigators also raided Hanmi‘s headquarters on Oct. 17 on speculation it leaked confidential data before an official regulation filing, which could have resulted in unfair trading of shares on the stock market.The South Korean drug maker said last month its license deal on a lung cancer treatment drug wit

■USD-KRW down to high-KRW1,120 level due to easing upward pressure on USD and CNY appreciationThe USD-KRW rate opened Tuesday at KRW1,132.0, down KRW5.9 from the previous close. Upward pressure on the USD eased as U.S. industrial production and manufacturing activity in New York State came in lower than expected and Fed Vice Chairman Stanley Fischer made comments favoring a gradual rate increase. The People’s Bank of China announced that it would appreciate the CNY against the USD, placing downw

[THE INVESTOR] Mercedes-Benz will recall over 1,100 cars sold in South Korea for transmission-related problems, while global automaker Volvo will recall over 800 cars for waste water from air conditioners causing possible short circuits in electric units, the Transportation Ministry said on Oct. 19.According to the ministry, defective wiring in certain model year Mercedes-Benz cars could prevent the gear shifting to neutral or parking positions, possibly causing an accident.The recall affects 1,

[THE INVESTOR] South Korea’s producer prices dropped slightly from a year earlier in September, central bank data showed Oct. 19.The producer price index for September came to 99.24, down 1.1 percent from the same month last year, according to preliminary data from the Bank of Korea.Source :  The Producer Price Index during September 2016Producer prices serve as an indicator of future consumer inflation.The September index marked a slight increase from a revised 99.00 in the previous month.Price

[THE INVESTOR] KOSDAQ opened higher at 662.46, up 2.17 points(0.33%) from the previous trading day, on Oct. 19.

[THE INVESTOR] KOSPI opened lower at 2,036.18, down 4.25 points (0.21%) from the previous trading day, on Oct. 19.

[THE INVESTOR] South Korea’s top mobile messenger operator Kakao  said on Oct. 18 its mobile payment platform Kakao Pay currently has more than 13 million users, two years after its launch.A total of 13 million active users have paid for items through the one-click payment system since it was officially launched in September 2014, the company said. South Korea has a total population of 51 million.The platform is similar to online payment service PayPal of the United States, as users pre-register

[THE INVESTOR] The Financial Services Commission affirmed on Oct. 18 that the government will soon unveil a set of measures to help reinvigorate the nation’s shipping industry.A sense of crisis is palpable here over the future of the sector, once hailed as a key business of the economy, as the country’s No. 1 shipper Hanjin Shipping has been placed under court receivership due to mounting debts.“With regard to the Hanjin issue, the part in which the government should have more interest is not to

[THE INVESTOR] KOSDAQ closed higher at 660.29, up 0.46 points(0.07%) from the previous trading day, on Oct. 18.