South Korea

Samsung reports its first quarterly loss

Seoul - Samsung Electronics Co, the leading South Korean electronics maker, posted its first quarterly loss, saying Friday that it was 20 billion won (14.59 million dollars) in the red in the final quarter of 2008.

Shares fall 6 per cent in Seoul

Shares fall 6 per cent in SeoulSeoul - Shares nosedived Thursday on the Seoul stock exchange as concerns over a global economic recession deepened. South Korea's currency fell against the dollar.

Shares fall 2.1 per cent in Seoul

Seoul - Shares fell 2.1 per cent Friday on the Seoul stock exchange on general recession fears. South Korea's won dropped against the dollar.

The benchmark Kospi index plunged 24.74 points to close at 1,180.96. Declining issues outnumbered advancers 447 to 381.

South Korea reports foreign investment growth for 2008

Seoul - South Korea enjoyed growth in foreign direct investment for the first time in four years, reported the country's economics ministry, citing programs to improve business conditions and attract foreign workers.

Shares surge 2.8 per cent in Seoul

Shares surge 2.8 per cent in SeoulSeoul - Shares rallied Wednesday on the Seoul stock exchange on foreign buying, while South Korea's currency surged against the dollar.

The benchmark Kospi index soared 33.89 points, or 2.8 per cent, to close at 1,228.17.

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