S.Korea seeks fines on HSBC, BNP for naked short selling – Bloomberg News
(Reuters) -South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on HSBC Holdings and BNP Paribas for naked short selling, Bloomberg News reported…
N.Korea fires shots to warn S.Korea, urges ‘enemies’ to stop causing tensions -KCNA
SEOUL (Reuters) – North Korea on Wednesday said it fired warning shots toward its east and west coasts to send “grave warning” against South Korea for firing dozens of artillery shells on…
S.Korea to scrap taxes for foreigners’ income from bonds – minister
SEOUL (Reuters) – South Korea’s finance minister said the government will scrap taxes on foreigners’ income from investments in treasury bonds and monetary stabilization bonds from Monday. Speaking to reporters late on…
S.Korea Sept FX reserves post second-biggest monthly decline on record
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank by nearly $20 billion in September, the second-biggest monthly drop on record, as authorities stepped up dollar-selling intervention to counter the won’s slump…
S.Korea central bank expects inflation to stay high for lengthy period
SEOUL (Reuters) – South Korea’s central bank said annual consumer inflation is expected to stay high at the 5-6% levels, with upside risks, for a considerable period of time. The Bank of…
S.Korea, U.S. warplanes conduct bombing drills after N.Korea fires missiles
SEOUL (Reuters) – South Korea and U.S. warplanes conducted bombing drills on Tuesday in response to North Korea’s firing of a missile over Japan for the first time since 2017, South Korea’s…
S.Korea factory activity weakens for third month in Sept – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a third straight month in September, and by the sharpest pace in more than two years, amid weakening global demand, a private-sector survey…
S.Korea Sept exports grow at slowest pace in almost two years
By Cynthia Kim SEOUL (Reuters) – South Korea’s exports grew at the slowest pace in nearly two years in September as softening global demand piles pressure on the trade-dependent economy. Overseas shipment…
S.Korea Aug factory output shrinks more than expected, retail sales jump
SEOUL (Reuters) – South Korea’s factory production shrank for a second month in August, missing expectations, while retail sales jumped, government data showed on Friday. The country’s industrial output fell 1.8% on…
S.Korea Sept exports set for slowest growth in two years – Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely grew at the slowest pace in nearly two years in September, hurt by a weakening global economy led by China, a Reuters…
N.Korea may be preparing to test submarine-launched ballistic missile, S.Korea military says -Yonhap
(Reuters) – South Korea’s military has detected signs that North Korea may be preparing to test a submarine-launched ballistic missile (SLBM), Yonhap news agency reported on Saturday, days before a visit by…
S.Korea Aug PPI posts first monthly fall in two years – central bank
SEOUL (Reuters) – South Korea’s producer price pressures eased in August, posting the first monthly fall in nearly two years, central bank data showed on Friday. The producer price index rose 8.4%…
S.Korea, Japan hold first bilateral talks since 2019, seek stronger ties
By David Brunnstrom and Hyonhee Shin UNITED NATIONS/SEOUL (Reuters) -South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida held their first one-on-one talks on Wednesday and agreed on the need…
S.Korea 20-day exports fall on holiday effects, slow global economy
SEOUL (Reuters) – South Korea’s exports fell 8.7% in the first 20 days of September from the same period a year earlier due to holiday effects and amid signs of slowing growth…
China’s top legislator hopes to strengthen cooperation with S.Korea on supply chains
SEOUL (Reuters) – China’s top legislator Li Zhanshu said on Friday he hopes to further strengthen cooperation with South Korea on supply chains, after meeting with South Korean parliament speaker Kim Jin-pyo…
As S.Korea moves to expand nuclear power, disquiet grows among nearby residents
By Hongji Kim and Joyce Lee GYEONGJU, South Korea (Reuters) – Hwang Bun-hee, 74, lives in a pink house near the sea surrounded by a riotous vegetable garden and sounds of birds…
POSCO says fire put out at S.Korea steel plant, production halted due to flooding
SEOUL (Reuters) -A fire broke out at South Korean steelmaker POSCO’s plant in the southeastern city of Pohang on Tuesday, a POSCO spokesperson confirmed. “A fire broke out at our Pohang steel…
S.Korea tells local banks to manage FX liquidity conservatively
SEOUL (Reuters) -South Korea’s financial regulator said it advised local banks on Tuesday to manage foreign-exchange liquidity positions in a more conservative manner than before given the possibility of a prolonged period…
S.Korea pledges pre-emptive action to stabilise markets
SEOUL (Reuters) -South Korea’s finance minister said on Monday that the authorities would take action in a pre-emptive manner if necessary to stabilise local financial markets, where volatility has increased due to…
U.S, Japan, S.Korea officials to meet on Sept. 7 to discuss N.Korea
TOKYO (Reuters) – Senior officials from Japan, the United States and South Korea will meet next week to discuss North Korean issues, the Japanese government said on Friday, amid signs the North…
S.Korea president: not too worried about external financial standing -News1
SEOUL (Reuters) – South Korea’s President Yoon Suk-yeol said he was not worried much about the country’s external financial soundness, News1 reported on Friday. “The trade deficit widened by a great degree…
S.korea central bank: inflation to stay high at 5-6% level for some time
SEOUL (Reuters) – South Korea’s central bank said on Friday consumer inflation is expected to remain high at 5-6% levels for some time. The Bank of Korea said the inflation rate for…
S.Korea Aug factory activity shrinks by most in two years – PMI
SEOUL, Sep 1 (Reuters) – South Korea’s factory activity shrank in August by the sharpest pace in two years, on weakening demand amid high inflation, rising interest rates and the war in…
S.Korea revised Q2 GDP rises 0.7% q/q, in line with earlier estimate
SEOUL (Reuters) – South Korea’s economy grew in the second quarter by a seasonally adjusted 0.7% from the previous quarter, revised central bank data showed on Thursday, matching the advance estimate released…
Residents complain of noise, danger as U.S. troops practice in S.Korea
By Josh Smith POCHEON, South Korea (Reuters) – South Korea and the United States have vowed to step up joint military training to deter North Korea, but for residents outside the Rodriguez…
S.Korea inspecting stock short-selling, starting with Morgan Stanley
SEOUL (Reuters) – South Korea’s financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as part of efforts to tighten supervision on…
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