General

Weak domestic demand constrains S. Korean economic recovery: KDI

The South Korean economy is on a recovery track on strong exports, but sagging domestic demand has limited the overall economic improvement, a state-run think tank said Wednesday.

“The Korean economy has sustained strong export growth, primarily fue…

(EDITORIAL from Korea Herald on Aug. 7)

Investors in South Korea seem jittery since the stock markets have been on a dizzying roller-coaster ride in recent sessions, triggered by fears that the U.S. economy has been slowing faster than expected.

The benchmark KOSPI rebounded sharply Tuesd…

GS Holdings Q2 net profit up 16.6 pct to 275.4 bln won

GS Holdings on Wednesday reported its second-quarter net profit of 275.4 billion won (US$199.8 million), up 16.6 percent from a year earlier.

The company said in a regulatory filing that it posted 798.1 billion won in operating profit for the quarte…