[THE INVESTOR] KOSPI opened higher at 2,033.99, up 0.26 points (0.01%) from the previous trading day, on Oct. 13. 

[THE INVESTOR]  The Bank of Korea is likely to hold its key rate steady in October, polls showed on Oct. 12.The central bank is set to hold a monthly rate-review session on Oct. 13 to decide whether to maintain or cut an all-time low rate of 1.25 percent. It is also set to announce its estimates on growth outlook and consumer prices for this year and next year.A recent poll conducted by Yonhap Infomax , according to Yonhap News, showed that all 14 economists surveyed forecast the BOK to hold the

[THE INVESTOR] Samsung Electronics (005930) reported on Oct. 12 that it has revised its operating profit estimate for the third quarter down to 5.2 trillion won(US$ 4.6 billion). The South Korean tech giant had previously estimated that its operating profit for the July-September period may stand at 7.8 trillion won.This comes after the official suspension of its Galaxy Note 7 production on Oct. 11.Compared with a year ago, the revised estimate of third-quarter operating profit plunged 29.63 per

[THE INVESTOR] KOSPI closed higher at 2,033.73, up 1.80 points (0.09%) from the previous trading day, on Oct. 12. 

[THE INVESTOR] KOSDAQ closed lower at 669.95, down 0.69 points(0.10%) from the previous trading day, on Oct. 12. 　

[THE INVESTOR] Shares of tech behemoth Samsung Electronics have become more volatile this year, data showed on Oct. 12.Samsung has seen its share price jump or drop more than 4 percent from the previous session seven times this year, four of them involving the Galaxy Note 7 episode, according to the data by the Korea Exchange. Samsung recorded a daily volatility of more than 4 percent four times in 2014, six times in 2014 and four times in 2015. Samsung shares tumbled 8.04 percent from the prior

■ USD-KRW climbs by a double-digit rate as investor sentiment weakens on Samsung smartphone issue　　The USD-KRW rate opened Tuesday at KRW1,108.5, up KRW0.1 from the previous close. Samsung Electronics shares fell further due to the Galaxy Note 7 issue, pulling down the KOSPI. Amid weak risk appetite, the rate went up to KRW1,121.6 at one point during trading hours as foreigners sold domestic stocks for two consecutive trading days. The upside was limited with exporters’ USD selling. The USD-KRW

[THE INVESTOR] South Korea’s jobless rate rose to 3.6 percent in September and the unemployment rate for young adults also remained high, a government report showed Oct. 12.The unemployment rate was 3.2 percent in the same month last year, according to the report compiled by Statistics Korea.The number of employed people stood at 26.5 million in September, up 267,000 from a year earlier, with the monthly gain dropping sharply from the previous month’s 387,000.The unemployment rate for young peop

[THE INVESTOR] KOSPI opened lower at 2,022.97, down 8.96 points (0.44%) from the previous trading day, on Oct. 12. 　

[THE INVESTOR] KOSDAQ opened lower at 668.09, down 2.55 points(0.38%) from the previous trading day, on Oct. 12. 　

[THE INVESTOR] South Korea’s jobless rate in September edged up to 3.6 percent. It is the highest figure since 2005.

[THE INVESTOR] KOSDAQ closed lower at 606.64, down 1.35 points(0.61%) from the previous trading day, on Oct. 11. 　

[THE INVESTOR] KOSPI closed lower at 2,031.93, down 24.89 points (1.21%) from the previous trading day, on Oct. 11. 　

[THE INVESTOR] South Korea will spend a total of 500 billion won (US$450 million) in the coming five years to foster the robot industry as a new growth engine, the Trade Ministry said on Oct. 11.“The robot industry has emerged as a new technology frontier that will give a fresh boost to the manufacturing sector,” Trade Minister Joo Hyung-hwan said in a meeting with businessmen in Daejeon. “The government will fully support the businesses’ investment into research and development in a bid to help

[THE INVESTOR] KOSPI opened lower at 2,053.29, down 3.53 points (0.17%) from the previous trading day, on Oct. 11. 　

[THE INVESTOR] KOSDAQ opened higher at 676.09, up 1.35 points(0.20%) from the previous trading day, on Oct. 11. 　

[THE INVESTOR] Samsung Electronics announced on Oct. 11 it has decided to suspend the global sales and replacements of its Galaxy Note 7 smartphone after a number of replacement phones caught fire in Korea and overseas. The Korean tech giant said the decision was made after consultations with the state-run Korean Agency for Technology and Standards and other product safety authorities in the US and China. The U.S. Consumer Products Safety Commission also said in a statement it was the right move

[THE INVESTOR] The Finance Ministry said on Oct. 10 that the 50-year Treasury, the longest-ever dated state bonds to be floated later this week for the first time, will be sold at a rate of 1.574 percent.The rate was 4 basis points higher than the 1.534 percent for the benchmark 10-year Treasurys, the average of three previous trading sessions according to the ministry.The first-ever sales of Treasurys with a maturity of 50 years worth 1.1 trillion (US$990 million) will take place on Oct. 11, so

[THE INVESTOR] A group of South Korean scientists has developed new battery material that could bring significant changes to mobile devices and electronic cars, the Science Ministry said on Oct. 10.The team led by Kang Jeong-ku of the Korea Advanced Institute of Science and Technology discovered a hybrid type of battery that can charge up to 100 times faster than lithium-ion batteries, the ministry said. Lithium-ion batteries have so far governed the global rechargeable battery market due to the

[THE INVESTOR] Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, said on Oct. 10 its restructuring scheme is going smoothly, with its three offshore facilities to be delivered on time.“We expect our business result to remain in positive terrain going forward as our restructuring plan is being implemented as promised, and ships and offshore facilities will be delivered as scheduled,” the shipbuilder said in a statement.In the first half of the year, DSME suffered a net