Korean Won Markets

Samsung revenues jump 18.5pc

Saturday, November 07, 2009 By our correspondent KARACHI: Samsung Electronics Co Ltd has announced consolidated global revenues of 35.87 trillion Korean won (US$29 billion) in the third quarter ended September 30, 2009. This...

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Appreciated S Korean won likely to cause exports to dip: industry group

SEOUL, Oct. 28 (Xinhua) -- An appreciation of the South Korean currency against the U.S. dollar by 10 won is estimated to bring about a plunge in South Korea's exports, deteriorating the nation's trade competitiveness, a report...

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Dollar rebounds after hitting 14-month low

NEW YORK (AP) - The dollar reversed direction after hitting a 14-month low against the euro in volatile trading Monday after a regional Chinese central bank researcher argued for diversification of the country's reserves away...

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SKorea's economy grows at fastest pace in 7 years

A South Korean street vendor arranges a stall of stockings in Seoul, South Korea, Monday, Oct. 26, 2009. South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and...

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Samsung Electronics Announces Earnings Guidance for Third Quarter 2009

Consolidated revenues estimated at 36 trillion Korean won; operating profit at 4.1 trillion won SEOUL, Korea � October 06, 2009: Samsung Electronics Co., Ltd. today announced its earnings guidance for the third quarter ended...

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GM Injects Funds Into Daewoo

BY KYONG-AE CHOI GM Daewoo Auto & Technology Co, the South Korean unit of General Motors Co., said Friday it will raise 491.2 billion Korean won ($416 million) in a rights offering and use the proceeds to repay maturing debts...

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Hynix swings to profit but misses expectations

LOS ANGELES (MarketWatch) -- Hynix Semiconductor Inc. said Friday its third-quarter profit totaled 246 billion Korean won ($210 million), swinging from a 1.67 trillion won loss in the year-earlier period. The result was less...

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It’s the World’s Hottest Market – And it Isn’t China

By Martin Hutchinson Contributing Editor Money Morning Which global economy grew at an annual rate of 11% in the second quarter, and will report a second-consecutive double-digit advance when it reports on Monday? Hint: It...

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Kia Motors 3Q profit swells to $339mn

SEOUL: Kia Motors Corp. said net profit swelled to 402 billion won ($339 million) in the third quarter after a loss the year before boosted by a weak South Korean won and global efforts to spur demand for vehicles. South...

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S Korea likely to toughen regulations on foreign bank branches

SEOUL, Oct. 22 (Xinhua) -- South Korea is considering stricter regulations on overseas borrowing by foreign banks' local branches in order to confront the local currency's hike against the U.S. dollar, local media reported...

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