South Korean stocks closed 0.53 percent higher Tuesday as local exporters rebounded from their recent losses sparked by concerns over the eurozone economy, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose10.38 points to 1978.56. Trading volume was low at 313.3 million shares worth 3.62 trillion won (US$3.26 billion), with gainers outnumbering decliners 471 to 318."The increase came as the market recouped excessive losse

South Korean stocks traded 0.89 percent higher late Tuesday morning on gains in techs and retailers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose17.61 points to 1,985.79 as of 11:20 a.m.Tech blue chips continued to gather ground, with market behemoth Samsung Electronics rising 2.56 percent and top flat panel manufacturer LG Display adding 1.72 percent. Top chipmaker SK hynix advanced 0.7 percent.Retailers also traded higher, with Samsung C&T advancing 4.18 percent a

South Korean stocks opened higher Tuesday on gains in technology firms and builders, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) increased 10.38 points, or 0.53 percent, to 1,978.56 in the first15 minutes of trading.Tech blue chips led the gain, with market behemoth Samsung Electronics advancing 1.04 percent and its smaller rival LG Electronics moving up 1.99 percent. Leading chipmaker SK hynix added 1.41 percent.Construction firms also gathered ground, with Hyundai Eng

South Korean stocks closed 0.92 percent lower on Monday as investors sat on the sidelines due to economic risks from the eurozone and the United States, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed18.32 points to 1968.18. Trading volume was low at 265.2 million shares worth 3.83 trillion won (US$3.44 billion), with decliners outnumbering gainers 565 to 258."The decline came as the financial crisis of Cyprus weighed do

South Korean stocks traded 0.44 percent lower late Monday morning due to losses in techs and logistics, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped8.76 points to 1,977.74 as of 11:20 a.m.Tech blue chips led the decline, with market behemoth Samsung Electronics falling 2.43 percent and top flat panel manufacturer LG Display losing 0.16 percent. Leading plasma display panel maker Samsung SDI shed 0.71 percent.Logistics shares also traded lower, with Hyundai Glovis

South Korean stocks got off to a weak start on Monday, tracking losses on Wall Street in the previous trading session, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell12.17 points, or 0.61 percent, to 1974.33 in the first 15 minutes of trading.Shares lost ground across the board, with market behemoth Samsung Electronics falling 2.3 percent and top auto parts maker Hyundai Mobis moving down 0.82 percent. Leading steelmaker POSCO decreased 0.15 percent.U.S. stocks ended l

South Korean stocks closed 0.78 percent lower on Friday amid a lack of positive leads, analysts said. The local currency edged down against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed15.63 points to 1986.50. Trading volume was low at 301.4 million shares worth 5.18 trillion won (US$4.66 billion), with gainers outnumbering decliners 461 to 355."Despite positive factors from abroad, shares finished lower as investors were unnerved by the weak yen and the central ba

North Korea on Friday accused its enemies of launching cyber attacks against its Internet servers as the communist country threatens all-out war in response to ongoing South Korea-U.S. joint military exercises. The (North) Korean Central News Agency (KCNA) monitored in Seoul said in a commentary that Internet servers operated by the state have come under intensive and persistent cyber attacks. It added that the cyber attacks are of significance because they are taking place while the United Stat

South Korean stocks traded 0.67 percent lower late Friday morning due to losses in techs and mobile carriers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped13.48 points to 1,988.65 as of 11:20 a.m.Tech blue chips led the decline, with market behemoth Samsung Electronics falling 2.3 percent and top flat panel manufacturer LG Display losing 1.97 percent. Leading chipmaker SK hynix lost 0.87 percent.Mobile carriers also lost ground, with leading player SK Telecom fall

South Korean stocks opened higher Friday following an overnight Wall Street rally fueled by heightening anticipations of economic recovery, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 4.34 points, or 0.22 percent to 2,006.47 in the first 15 minutes of trading.Shares gained ground across the board, with No. 1 carmaker Hyundai Motor rising 2.12 percent and top chipmaker SK hynix adding0.52 percent. Leading builder Hyundai Engineering & Construction increased 1.25

South Korean stocks closed almost flat on Thursday following the central bank's decision to freeze the key interest rates, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 2.40 points, or 0.12 percent, to 2,002.13. Trading volume was low at 320.7 million shares worth 4.01 trillion won (US$3.64 billion), with gainers outnumbering decliners 489 to 324."Local shares traded flat as investor sentiment was dented by the central

South Korean stocks traded 0.82 percent lower late Thursday morning as foreigners and institutions scaled back their holdings, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped16.45 points to 1,983.28 as of 11:20 a.m.Large caps were mixed. Market bellwether Samsung Electronics lost 1.31 percent, but chip giant SK hynix added 1.59 percent.The local currency ended at 1,101.65 won against the greenback as of 11:20 a.m., down 4.25 won from the previous close. (Yonhap News

South Korean stocks turned lower after opening a tad higher Thursday, led by losses in blue-chip exporters amid a policy void due to stalled government reorganization, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) shed5.11 points, or 0.26 percent, to 1,994.62 in the first 15 minutes of trading. Tech heavyweight Samsung Electronics slipped 0.3 percent, with No. 1 steelmaker POSCO losing more than 1 percent. In contrast, telecom shares trended upwards, with top mobile carr

South Korean stocks traded 0.15 percent lower late Tuesday morning as foreigners extended their selling mode, analysts said.Reversing earlier gains, the benchmark Korea Composite Stock Price Index (KOSPI) slipped 2.99 points to 2,000.36. Large caps were mixed. Market bellwether Samsung Electronics fell 0.4 percent and steel giant POSCO lost 0.88 percent, but Hyundai Motor rose 0.96 percent. Hyundai Elevator surged 14.81 percent on talks over a potential management feud.The local currency was cha

South Korean stocks got off to a strong start on Tuesday fueled by gains in automakers, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) added2.09 points, or 0.1 percent, to 2,005.44 in the first 15 minutes of trading.Hyundai Motor, the country's top automaker, gained 0.96 percent, and its smaller affiliate Kia Motors rose 1.15 percent.In contrast, market bellwether Samsung Electronics slipped 0.27 percent.The local currency was trading at 1,095.7 won to the U.S.dollar as o

South Korean stocks closed 0.13 percent lower on Monday as North Korean risks dented investor sentiment despite positive U.S. jobs data, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell2.66 points to 2,003.35. Trading volume was moderate at 387.5 million shares worth 3.63 trillion won (US$3.32 billion), with decliners outnumbering gainers 540 to 280."Heightening geopolitical tension is weighing on the local stock market d

President Park Geun-hye appointed the foreign minister and a dozen other Cabinet members on Monday as she seeks to better handle tensions with North Korea and other pressing issues despite a parliamentary standoff over how to reorganize her administration.Park has been without a new Cabinet since taking office on Feb.25 as the parliamentary confirmation process for her ministerial nominees has been delayed and her government reorganization proposal has been stuck in parliament due to opposition

South Korean stocks traded 0.08 percent lower late Monday morning as foreigners and retail investors opted to scale back holdings, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell1.66 points to 2,004.35 as of 11:20 a.m.Large caps were mixed. The country's top automaker Hyundai Motor slumped 1.64 percent and its smaller affiliate Kia Motors lost 1.5 percent.In contrast, market bellwether Samsung Electronics gained 0.33 percent.The local currency was changing hands at 1,0

South Korean stocks got off to a weak start on Monday due mainly to falls in shares of key exporters, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell11.45 points, or 0.57 percent, to 1,994.56 in the first 15 minutes of trading.Major blue chips lost ground, with market bellwether Samsung Electronics slipping 0.6 percent and top automaker Hyundai Motor falling 2.11 percent.The local currency was trading at 1,097.3 won to the U.S. dollar as of 9:15 a.m., down 7 won from F

The Export-Import Bank of Korea could assist Incheon International Airport Corp to finance Myanmar’s new airport project as the state-run airport operator is currently looking into ways to fund the potential deal worth some $600 million, said sources familiar with the situation.IIAC could seek Korea Eximbank, which has a non-binding agreement with IIAC to support the export of its airport operation know-how, to back its consortium through the policy bank’s Economic Development Cooperation Fund o