Articles by 정민경
정민경
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Seoul shares up in late morning trading
[THE INVESTOR] South Korean stocks inched up late morning on Oct. 27, supported by gains in tech and cosmetics sectors. The benchmark KOSPI increased 4.73 points, or 0.23 percent, to 2,018.62 as of 11:20 a.m.Top market cap Samsung Electronics rose 2.04 on speculation that its earnings may improve down the road. Earlier in the day, the tech giant reported its third-quarter operating profit slid 29.6 percent from a year earlier, mainly hit by Galaxy Note 7 smartphone’s production halt over safety
Oct. 27, 2016
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Seoul shares start higher on Oct. 27
[THE INVESTOR] South Korean shares opened higher on Oct. 27, amid investors eyeing oversold shares.The benchmark KOSPI rose 6.93 points, or 0.34 percent, to 2,020.82 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics rising 0.38 percent. Samsung C&T, Samsung’s de facto holding firm, lost 0.9 percent.Top automaker Hyundai Motor rose 0.36 percent, and SK hynix was up 0.58 percent on its better-than-expected third-quarter earnings.Naver, the ope
Oct. 27, 2016
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Seoul stocks close lower on Oct. 26
[THE INVESTOR] South Korean stocks ended lower on Oct. 26, amid a drop in global oil prices. The Korean won rose against the US dollar.The benchmark KOSPI fell 23.28 points to close at 2,013.89. Trade volume was moderate at 388 million shares worth 4.56 trillion won (US$4.02 billion), with losers outnumbering gainers 643 to 194.An overnight fall in global oil prices weighed down the local stock market. Samsung Group affiliates and financials led the overall market decline, while some tech stocks
Oct. 26, 2016
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Seoul shares down in late morning trading
[THE INVESTOR] South Korean stocks fell slightly late morning on Oct. 26, as tech sector suffered a loss. The benchmark KOSPI shed 26.56 points, or 1.3 percent, to 2,010.61 as of 11:20 a.m.Top market cap Samsung Electronics fell 1.88 percent, and major chipmaker SK hynix jumped 2.68 percent.KB Financial suffered 2.85 percent, while Shinhan Financial retreated 2.94 percent.Cosmetics makers rebounded from their deep trough seen in the previous session. AmorePacific, the No.1 player, advanced 3.04
Oct. 26, 2016
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Seoul shares open lower on Oct. 26
[THE INVESTOR] South Korean stocks opened lower on Oct. 26 amid Wall Street losses. The benchmark KOSPI fell 18.04 points, or 0.89 percent, to 2,019.13 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics dipping 1.19 percent. Samsung C&T, Samsung’s de facto holding firm, lost 1.48 percent.Hyundai Motor shed 1.19 percent.In contrast, state-run Korean Electric Power Corp. rose 1.2 percent and SK hynix was up 1.34 percent on its better-than-expec
Oct. 26, 2016
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Seoul shares dip slightly on Oct. 25
[THE INVESTOR] South Korean stocks dipped 0.5 percent on Oct. 25, as investors decided to sell off shares. The Korean won fell against the US greenback.The benchmark KOSPI fell 10.57 points to close at 2,037.17. Trade volume was moderate at 294 million shares worth 4.82 trillion won (US$4.25 billion), with losers outnumbering gainers 583 to 232.Top market cap Samsung Electronics shed 0.68 percent to end at 1,597,000 won, and No. 2 market cap Korea Electric Power Corp. fell 0.68 percent to end at
Oct. 25, 2016
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Seoul shares drop in late morning trading
[THE INVESTOR] South Korean stocks fell late morning on Oct. 25 as Samsung affiliates suffered losses.The benchmark KOSPI shed 14.02 points, or 0.68 percent, to 2,033.72 as of 11:20 a.m.Top market cap Samsung Electronics fell 0.62 percent, and major chipmaker SK hynix jumped 2.12 percent.AmorePacific, the country’s top cosmetics maker, dropped 10.48 percent on news that China is moving to restrict its people from visiting South Korea.Naver, the country’s top portal operator, remained flat.Hyunda
Oct. 25, 2016
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Seoul shares start lower on Oct. 25
[THE INVESTOR] South Korean stocks opened lower on Oct. 25, amid market heavyweights losing momentum. The benchmark KOSPI fell 10.13 points, or 0.49 percent, to 2,037.61 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics dipping 0.68 percent.Samsung C&T, Samsung’s de facto holding firm, lost 0.6 percent, and state-run Korean Electric Power Corp. declined 0.59 percent.In contrast, SK hynix was up 1.37 percent on its better-than-expected third-
Oct. 25, 2016
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Seoul shares end slightly higher on Samsung plans
[THE INVESTOR] South Korean stocks hiked 0.73 percent on Oct. 24, as investors purchased Samsung affiliates’ shares based on its plans to change its governance structure. The Korean won fell against the US greenback.The benchmark KOSPI advanced 14.74 points to close at 2,047.74. Trade volume was moderate at 248 million shares worth 3.44 trillion won (US$3.04 billion), with losers outnumbering gainers 429 to 386.South Korean stocks opened higher on gains in market heavyweights such as Samsung Ele
Oct. 24, 2016
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Korea’s terms of trade rebounds in Sept.
[THE INVESTOR] South Korea’s terms of trade recovered on-year in September amid bigger falls in import prices compared to losses in export prices, central bank data showed Oct. 24.The terms of trade index for products came to 101.74 last month, up 0.2 percent from a year earlier, according to preliminary data from the Bank of Korea.The index measures the amount of imports a country can purchase for each unit of exports, showing how the country’s exports are doing in comparison with those of othe
Oct. 24, 2016
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Seoul to host int’l ICT conference
[THE INVESTOR] South Korea will host an international information, communications and technology conference this week, the Science Ministry said Oct. 24.The ICT Prospect Conference 2017, hosted by the ministry, will be held in Seoul on Oct 25-26, officials said. The country has been pushing forward with various projects to secure a new growth strategy to cope with the fast-paced industrial transformation, dubbed the “fourth industrial revolution” and characterized by a fusion of cutting-edge te
Oct. 24, 2016
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HHI wins contract to build two frigates for Philippine Navy
[THE INVESTOR] Hyundai Heavy Industries won a contract to build two frigates for the Philippines Navy, the company said Monday. Chung Ki-sun, the executive vice president of HHI Corporate Planning Office, and Philippines’ Defense Secretary Delfin Lorenzana signed an agreement in Manila to build two 2,600-ton frigates worth 370 billion won ($325.7 million). The 107-meter long frigates with a width of 12 meters will be propelled with a combined diesel and diesel (CODAD) propulsion system with max
Oct. 24, 2016
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Seoul shares rise in late morning trading on Samsung gain
[THE INVESTOR] South Korean stocks traded higher late morning on Oct. 24, continuing its gain from Samsung shares. The benchmark KOSPI rose 5.75 points, or 0.28 percent, to 2,038.75 as of 11:20 a.m.Top market cap Samsung Electronics rose 0.19 percent, and major chipmaker SK hynix was down 1.83 percent.Samsung C&T, Samsung’s de facto holding firm, advanced 3.43 percent on optimism that the company will benefit most from the group’s ongoing efforts to reshuffle its governance structure.Naver, the
Oct. 24, 2016
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Seoul shares start higher on Samsung gains
[THE INVESTOR] South Korean stocks opened higher on Oct. 24, amid an improvement in Samsung stocks. The benchmark KOSPI rose 9.68 points, or 0.48 percent, to 2,042.68 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics adding 0.94 percent.Samsung C&T, Samsung’s de facto holding firm, gained 1.56 percent.Top automaker Hyundai Motor advanced 0.1 percent, and top steelmaker POSCO remained flat.Naver, the operator of the country’s top internet por
Oct. 24, 2016
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Seoul shares finish lower as Samsung takes a hit
[THE INVESTOR] South Korean shares ended lower on Oct. 21, as Samsung Electronics fell nearly 2 percent. The local currency fell against the US greenback.The benchmark KOSPI edged down 7.6 points, or 0.37 percent, to 2,033.00. Trade volume came to 276 million shares worth 3.95 trillion won (US$3.48 billion), with decliners outnumbering advancers 529 to 280.Foreigners net-bought 44.1 billion won worth of stocks, extending their buying spree into the seventh consecutive session.Institutions also p
Oct. 21, 2016
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