Bank of Korea (BOK) Gov. Lee Ju-yeol, a veteran monetary policy expert with a career spanning 41 years at the central bank, is widely seen as an advocate of the bank's independence who has promoted better communication with the market.The reappointment of Lee, 66, comes at a critical time for th

Local investors are borrowing a large amount in loans to buy local stocks as the country's bourse has maintained a generally upward trajectory, despite a slump in the pace of growth, market data showed Saturday.The amount of money borrowed to buy stocks, the so-called margin debt, reached 11.24

By Choe Nam-suk, vice chairman of The Korea Post mediaThe following details are based on an interview with Chairman Vasudev Tumbe of the Indian Chamber of Commerce in Korea conducted recently by The Korea Post media.—Ed.Question: First of all, please introduce the activities of the Chamber, in

Purchasing a home may be the largest-ever financial transaction for many ordinary citizens, such as Han Jung-min, a 40-something office worker who dreams of settling down in the posh district of Gangnam in southern Seoul.The problem facing such first-time homebuyers always boils down to timing -- is

South Korea will forge closer economic ties with India by lowering trade barriers and pushing for joint projects in manufacturing and advanced technology sectors, Seoul's trade ministry said Wednesday.South Korean commerce minister Paik Un-gyu visited India on Tuesday and held a series of meetin

LG Electronics Inc. said Tuesday it will focus on audio, batteries, cameras and displays, referred to by the acronym ABCDs in South Korea, to beef up its smartphone division, which has been suffering losses for nearly three years.During the meeting with reporters at the Mobile World Congress (MWC),

The balance of government and government-backed bonds reached a record amount of 953.24 trillion won (US$888.8 billion) last year, although the pace of the debt increase slowed, data from the Korea Financial Investment Association (KOFIA) showed Tuesday.The government bonds balance, or the total iss

South Korea's point man on trade will travel to the United States to find ways to handle demands for a more "balanced flow of goods" amid ongoing talks to renegotiate the allies' bilateral free trade pact, sources in Seoul said Saturday.Kim Hyun-chong will fly to Washington on Sunday as pa

South Korea grabbed the attention of global viewers of this year's Winter Games by showing off a series of cutting-edge technologies, including 5G communication, artificial intelligence and autonomous vehicles. KT Corp., one of the country's largest telecom service providers, stole the spotl

South Korean small and medium-sized companies have a harder time borrowing from lenders than companies in other Organization for Economic Cooperation and Development (OECD) economies, official data showed Saturday.According to the Paris-based economic organization and the National Assembly Budget Of

The top 10 family-run business conglomerates, or chaebol, have seen their combined market capitalization slightly fall so far this year, data showed Monday.The decline was mainly due to sluggish performance by the stocks of Samsung Electronics Co. and Hyundai Motor Co., according to the data by the

Sales of local cryptocurrency exchange operators are presumed to have soared more than eightyfold in 2017 compared with a year earlier, data showed Sunday.According to the data released by Rep. Park Kwang-on of the ruling Democratic Party, accumulated commission-related sales of some 30 cryptocurren

Lee Hak-soo, a former Samsung Electronics vice chairman, has admitted that the conglomerate paid lawsuit costs for a company linked to former President Lee Myung-bak, prosecution sources said Saturday.Lee Hak-soo was questioned for 16 hours Thursday by prosecutors who are looking into a raft of corr

South Korea's farm minister said Friday that the country will maintain the highest level of bird flu quarantine regime during the PyeongChang Winter Games.In a teleconference with government officials, Minister of Agriculture, Food and Rural Affairs Kim Yong-rok said that the government needs to

SK hynix Inc., South Korea's second-largest chipmaker, has been the most bought share among foreign investors this year, market data showed Friday.Overseas investors bought a net 682.4 billion won (US$632.4 million) worth of the chipmaker's shares through Wednesday, said Korea Exchange (KRX)

A former executive vice president of Samsung Electronics Co., who led the development of Bixby voice assistant technology, has recently joined Google to lead the U.S. technology giant's Internet of Thing business, according to foreign media reports Friday.Rhee In-jong, former chief technology of

Hyundai Motor Co.'s compact crossover Tucson and the Rio subcompact by sister brand Kia Motors Corp. received recognition as the most dependable cars in their classes by J.D. Power and Associates, industry watchers here said Friday. The two vehicles received high marks from the U.S.-base

South Korean stock funds expanded for eight straight months as of late January, bolstered by the recent bourse rally, financial data showed Friday.According to the Korea Financial Investment Association (KOFIA), the contract amount controlled by stock funds stood at 81.6 trillion won (US$75.6 billio

A former Samsung Group vice chairman appeared at a Seoul prosecution office Thursday for questioning over alleged bribery involving former President Lee Myung-bak.Lee Hak-soo, 72, is under investigation over his involvement in Samsung's alleged payment of fees to a U.S. law firm for DAS, a local

South Korea's trade surplus with the United States dropped 17 percent on-year in 2017, despite the fact that no changes have yet been made to the free trade pact that Washington claims unfairly favors Seoul, market watchers said Sunday, citing official data.Observers said trade numbers released