South Korea

South Korea Pension Fund increases stake in local firms as it eases disclosure requirement

The National Pension Service of South Korea increased its stake in six local companies as the government lengthened disclosure times for share purchases over 10%.

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Hyundai reaches preliminary deal with South Korean union to end strike

Hyundai said it had reached a preliminary agreement with its union to help end the strike that had crippled their vehicle production.

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Korea sells 10-year dollar bonds amid concerns of US Federal Reserve monetary stimulus easing

South Korea would be offering a sale of ten-year bonds despite concerns of the US Federal Reserve reducing its asset purchases.

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Kaesong Industrial Zone to reopen after North and South Korea's joint agreement

Last Wednesday, North and South Korea said through a joint statement that it would reopen the Kaesong industrial zone to attract foreign investors.

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NoKor and South Korea agree on reopening of joint industrial park

North and South Korea announced that they had agreed to reopen the Kaesong industrial complex, which was closed when tensions grew between the two countries in April.

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Samsung's Galaxy Mega phone to launch in South Korea

Samsung would launch its newest smartphone, Galaxy Mega, in its home market.

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Shinsegae invests KRW2.5 trillion to create jobs for South Korea

South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.

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Chinese-owned securities in South Korea jumps 42-fold

According to data by the Financial Supervisory Service, Chinese investments in South Korea's local securities increased 42 times since late 2008.

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South Korea expresses concern about US veto on Apple ban

South Korea expressed its concerns regarding the Obama administration’s decision to overrule a sales ban of Apple’s iPhone 4 and iPad 2.

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Korea's Lotte Department Store considers Singapore for US$1 billion IPO

Lotte Department Store was considering an IPO in Singapore worth US$1 billion.

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SK to review bids for US$7.31 billion fighter jet contract

South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.

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ING sells business in SK to Macquarie Group

ING announced that they have reached an agreement to sell its investment management business in South Korea to Macquarie Group

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JPMorgan starts to buy South Korean Equities

JPMorgan have started buying South Korean Equities due to their current valuations.

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Woori Sale Expected to Succeed Through Breakup

The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.

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South Korea Issues Bond-Market Aid Package

South Korea issued a bond-market aid package.

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