seoul

S&P; upgrades South Korea’s sovereign rating


September 14th, 2012 - 3:46 pm ICT by IANS
Seoul, Sep 14 (IANS) Global credit rating appraiser Standard & Poor Friday upgraded the sovereign rating on South Korea by one notch to "A-plus", just one notch lower than those ... Read more...

Posted in Business |

South Korea’s IT exports grow


September 11th, 2012 - 6:08 pm ICT by IANS
Seoul, Sep 11 (IANS) South Korean exports of information technology (IT) products grew for the first time in six months due to solid demand for display panels and system chips, ... Read more...

Posted in Business |

Caroline Wozniacki out of women’s tennis top ten ranking


September 10th, 2012 - 9:17 pm ICT by IANS
Copenhagen, Sep 10 (IANS) Former world number one Caroline Wozniacki of Denmark has dropped out of the list of top-ten women tennis players for the first time in three ... Read more...

Posted in Sports |

South Korea’s auto production plunges


September 9th, 2012 - 7:14 pm ICT by IANS
Seoul, Sep 9 (IANS) South Korea's automobile production plunged 25.9 percent in August from a year earlier due to frequent partial strikes by major automakers, a government report showed Sunday.Auto ... Read more...

Posted in Business |

South Korea’s sovereign debt risks down


September 7th, 2012 - 2:06 pm ICT by IANS
Seoul, Sep 7 (IANS) South Korea's sovereign debt risks fell sharply after rating appraiser Fitch upgraded the country's sovereign rating to "AA-minus", data showed Friday.According to the Korea Center for ... Read more...

Posted in Uncategorized |

South Korea’s Q2 GDP growth revised down


September 6th, 2012 - 1:29 pm ICT by IANS
Seoul, Sep 6 (IANS) South Korea's gross domestic product (GDP) growth for the second quarter was revised down to 0.3 percent, the central bank said Thursday.Real GDP, the broadest measure ... Read more...

Posted in Business |

Samsung Galaxy S3 sales top 20 mn


September 6th, 2012 - 1:18 pm ICT by IANS
Seoul, Sep 6 (IANS) Samsung Electronics Thursday said global sales of its Galaxy S3 smartphone topped 20 million at a faster pace than any of its predecessors.According to an e-mailed ... Read more...

Posted in Sci-Tech |

South Korea’s foreign reserves hit new high


September 5th, 2012 - 3:00 pm ICT by IANS
Seoul, Sep 5 (IANS) South Korea's foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment ... Read more...

Posted in Business |

South Korea’s consumer price index rises


September 3rd, 2012 - 1:08 pm ICT by IANS
Seoul, Sep 3 (IANS) South Korea's consumer price index rose 1.2 percent in August from a year earlier, staying in the 1 percent level for two straight months, a report ... Read more...

Posted in Business |

South Korea’s trade balance posts $2 bn surplus


September 1st, 2012 - 2:18 pm ICT by IANS
Seoul, Sep 1 (IANS) South Korea's trade balance posted a surplus of $2.04 billion last month as imports contracted at a faster pace than exports, a government report showed Saturday.Trade ... Read more...

Posted in Business |

South Korean president apologizes for surge in sex crimes


August 31st, 2012 - 4:22 pm ICT by IANS
Seoul, Aug 31 (IANS) South Korean President Lee Myung-bak offered a public apology Friday after a seven-year-old girl became the latest victim of a recent series of sex crimes."I apologize ... Read more...

Posted in World |

South Korea’s current account surplus hits new high


August 29th, 2012 - 1:11 pm ICT by IANS
Seoul, Aug 29 (IANS) South Korea's current account surplus hit a new high last month as imports contracted at a faster pace than exports, data by the central bank showed ... Read more...

Posted in Uncategorized |

South Korea’s consumer confidence weakens


August 27th, 2012 - 1:20 pm ICT by IANS
Seoul, Aug 27 (IANS) South Korea's consumer confidence weakened in August amid lingering uncertainties at home and abroad, data by the central bank showed Monday.The consumer sentiment index (CSI), which ... Read more...

Posted in Business |

South Korean conglomerates see economy worse than 2008


August 22nd, 2012 - 1:17 pm ICT by IANS
Seoul, Aug 22 (IANS) A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.According ... Read more...

Posted in Business |

South Korea’s foreign debts grow to $418.6 bn


August 21st, 2012 - 2:02 pm ICT by IANS
Seoul, Aug 21 (IANS) South Korea's foreign debts grew to $418.6 billion in the second quarter of this year as lenders increased their short-term borrowing from overseas, the central bank ... Read more...

Posted in Business |

South Korea’s trade terms worsen


August 13th, 2012 - 3:29 pm ICT by IANS
Seoul, Aug 13 (IANS) South Korea's terms of trade worsened in the second quarter due to a drop in export prices stemming from weaker global demand, the central bank said ... Read more...

Posted in Business |

Air India to resume flights to most global destinations


August 12th, 2012 - 5:37 pm ICT by IANS
New Delhi, Aug 12 (IANS) Come September, Air India will have all its Boeing 777s pressed into service and flights restarted to important destinations like Hong Kong, Seoul, Frankfurt and ... Read more...

Posted in Business |

Kate Bosworth engaged


August 10th, 2012 - 10:03 am ICT by IANS
London, Aug 10 (IANS) Actress Kate Bosworth has revealed that she is engaged to filmmaker Michael Polish.She posted photos and travel notes about her current vacation in South Korea, for ... Read more...

Posted in Entertainment |

South Korean economy shows weaker growth momentum


August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...

Posted in Business |

South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

Posted in Business |

South Korea’s foreign currency deposits grow


August 7th, 2012 - 2:01 pm ICT by IANS
Seoul, Aug 7 (IANS) South Korea's foreign currency retail deposits grew $3.31 billion last month as more export proceeds were deposited in the foreign currency accounts amid a continued trade ... Read more...

Posted in Business |

South Korean economic indicators weakening on sagging export


August 7th, 2012 - 1:48 pm ICT by IANS
Seoul, Aug 7 (IANS) South Korea's economic indicators related to production and investment weakened recently due to a reduction in exports, the finance ministry said Tuesday."Our economy saw stable consumer ... Read more...

Posted in Business |

South Korea’s auto exports grow


July 30th, 2012 - 3:48 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's automobile exports grew 3.1 percent in the second quarter from a year earlier due to strong demand for large-sized cars from the US, Australia ... Read more...

Posted in Business |

South Korea’s business sentiment drops


July 30th, 2012 - 2:49 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's business sentiment dropped this month due to economic uncertainties stemming from Europe's debt crisis, a report by the central bank showed Monday.The monthly business ... Read more...

Posted in Business |

South Korea’s current account posts surplus


July 27th, 2012 - 1:59 pm ICT by IANS
Seoul, July 27 (IANS) South Korea's current account balance posted a surplus of $5.84 billion last month, keeping its surplus for five months in a row, the central bank said ... Read more...

Posted in Business |

Samsung Electronics posts operating profit


July 27th, 2012 - 1:51 pm ICT by IANS
Seoul, July 27 (IANS) Samsung Electronics, the world's largest maker of memory chips, televisions, flat screens and handsets, posted its fresh record high of operating profit in the second quarter, ... Read more...

Posted in Business |

South Korea’s GDP grows


July 26th, 2012 - 1:38 pm ICT by IANS
Seoul, July 26 (IANS) South Korea's gross domestic product (GDP) grew 0.4 percent in the second quarter from three months earlier, the central bank said Thursday.Real GDP, the broadest measure ... Read more...

Posted in Business |

Hyundai Motor posts operating profit


July 26th, 2012 - 1:34 pm ICT by IANS
Seoul, July 26 (IANS) Hyundai Motor, South Korea's No.1 automaker, posted 2.5 trillion won ($2.18 billion) in operating profit for the second quarter, a regulatory filing showed Thursday.Consolidated operating profit, ... Read more...

Posted in Business |

LG Electronics posts operating profit


July 25th, 2012 - 2:09 pm ICT by IANS
Seoul, July 25 (IANS) LG Electronics, the world's third-largest mobile phone maker and the No.2 TV manufacturer, posted 348.99 billion won ($304 million) in operating profit for the second quarter, ... Read more...

Posted in Business |

South Korean president apologizes for scandals


July 24th, 2012 - 1:09 pm ICT by IANS
Seoul, July 24 (IANS) South Korean President Lee Myung-bak offered a public apology Tuesday for a series of corruption scandals implicating his brother and former aides, an embarrassment for the ... Read more...

Posted in Politics |

Hockey India appoint Hawgood as women’s coach


July 23rd, 2012 - 8:55 pm ICT by IANS
New Delhi, July 23 (IANS) Australia's Neil Hawgood, who was part of the 1988 Olympic squad, Monday was appointed the chief coach of India's women's hockey team.The 50-year-old aims to ... Read more...

Posted in Sports |

US soldier accused of smuggling drugs into South Korea


July 19th, 2012 - 9:57 pm ICT by IANS
Washington, July 19 (IANS) South Korea is indicting a US Army private for his involvement in the biggest drug smuggling case in the country, CNN reported Thursday.The soldier, from the ... Read more...

Posted in World |

South Korea’s retail sales retreat


July 19th, 2012 - 2:58 pm ICT by IANS
Seoul, July 19 (IANS) Sales at South Korea's major discount outlets and department stores retreated last month due to weak demand for groceries and clothes, a government report showed Thursday.Total ... Read more...

Posted in Business |

Pakistani fans remember `babumoshai’ Rajesh Khanna


July 19th, 2012 - 1:32 pm ICT by IANS
Islamabad, July 19 (IANS) Fans in Pakistan paid rich tributes to Bollywood actor Rajesh Khanna, who died in Mumbai Wednesday, with some recalling "Arrey oh baabu mushoy..."Pakistan's leading daily Dawn ... Read more...

Posted in South Asia |

South Korea’s trade surplus reduces


July 16th, 2012 - 2:50 pm ICT by IANS
Seoul, July 16 (IANS) South Korea's trade surplus reduced to $10.7 billion in the first half of this year compared with a year earlier due to sluggish exports amid external ... Read more...

Posted in Uncategorized |

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