Seoul, March 25 (IANS) The South Korean won rose further against the US dollar on Wednesday as US President Donald Trump continued to signal the possibility of a swift end to the ongoing Middle East conflict.The won opened at 1,493 per dollar, up 2.2 won from the previous session, reports Yonhap news agency.The currency had surged to 1,495.2 won per dollar Tuesday, recovering from a 17-year low of 1,517.3 won in the previous session after Trump said that he had ordered a five-day postponement of…
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Seoul, Feb 22 (IANS) Foreign investors have posted a net sale of around 9 trillion won ($6.2 billion) on the main bourse this year through last week, data showed on Sunday.Overseas investors have sold a net 9.1 trillion won worth of shares on the main bourse in 2026 as of Friday, compared with a net sale of 4.6 trillion won for all of 2025, according to the Korea Exchange (KRX).In detail, foreigners sold a net 9.5 trillion won worth of shares in Samsung Electronics Co., with the stock soaring 59…
Seoul, Feb 12 (IANS) South Korea’s privacy watchdog said on Thursday it has fined the Korean units of luxury brands Louis Vuitton, Dior and Tiffany a combined 36 billion won ($24.9 million) over leaks of customer information.The Personal Information Protection Commission made the decision in a plenary meeting the previous day, imposing on Louis Vuitton Korea a fine of 21.4 billion won — the heaviest among the three companies — over a data breach of about 3.6 million customers, reports Yonhap n…
Seoul, Jan 5 (IANS) Bank of Korea (BOK) Governor Rhee Chang-yong said on Monday that economic polarisation and uncertainty are expected to persist this year, stressing the need for careful and balanced policymaking.Rhee made the remarks during a meeting with the heads of financial companies and officials from relevant industries in Seoul, which was also attended by Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Governor Lee Chan-jin, reports Yonhap news age…
Seoul, Dec 29 (IANS) The total proceeds from initial public offerings (IPOs) in the South Korean stock market rose 14.9 per cent in 2025 from a year earlier, backed by increased liquidity, data showed on Monday.The proceeds from IPOs stood at 4.57 trillion won (US$3.19 billion) this year, up from last year’s 3.97 trillion won, according to the data from consulting service provider IR Kudos Corp, reports Yonhap news agency.A total of 77 companies made their debuts on the main bourse KOSPI and the…