South Korea’s top central banker will attend meetings of the Bank for International Settlements (BIS) to be held in Switzerland early next week, his office said Thursday.

Rhee Chang-yong, head of the Bank of Korea

South Korea’s financial regulator on Thursday asked foreign securities firms to beef up efforts to prevent illegal stock short selling amid an increase in such cases.

The Financial Supervisory Service (FSS) made the request in

Seoul shares extended losses late Thursday morning as investors remain cautious on whether the U.S. Federal Reserve will raise rates further this year following better-than-expected economic data.

The benchmark Korea Composite Stock Price Index (KOS…

Seoul shares opened lower Thursday, tracking losses on Wall Street, as better-than-expected U.S. economic data bolstered the case for the Federal Reserve to raise interest rates further this year.

The benchmark Korea Composite Stock Price

South Korea’s finance ministry said Thursday it has issued yen-denominated foreign exchange stabilization bonds worth 70 billion yen (US$473.5 million).

It marked the first time for South Korea to issue yen-denominated foreign exchange bonds for