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The Korean government's corporate value enhancement guidelines revealed last week may have disappointed investors, yet experts believe there is room for improvement. After a three-month wait following the initial announcement of the corporate value-up program in February, the Financial Services Commission on Thursday issued several pages of guidelines detailing how companies should create their value enhancement. ....
Seoul shares closed higher Friday, as investors placed their bets on a possible rate cut by the US Federal Reserve and US retail sales fell by a wider margin than expected. The Korean won fell against the US dollar. The benchmark Kospi added 34.96 points, or 1.34 percent, to close at 2,648.76. Trade volume was moderate at 584.7 million shares worth 10 trillion won ($7.5 billion), with decliners outnumbering gainers 6. ....
South Korean stocks advanced for the third consecutive session Friday amid hope that the US rate-hike cycle has come to an end. The local currency sharply rose against the greenback. The benchmark Korea Composite Stock Price Index shot up 25.22 points, or 1.08 percent, to close at 2,368.34. Trading volume was moderate at 567 million shares worth 7.86 trillion won ($5.94 billion), with gainers outnumbering losers 717 . ....
Gagok concert held to celebrate Composer Lee An-Sam, U.N. International Day of Peace theasian.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theasian.asia Daily Mail and Mail on Sunday newspapers.
Korean stocks rose for a second straight day Friday, driven by bullish tech and steel sectors amid hope for demand recovery from China, analysts said. The local currency edged down against the U.S. dollar. ....