Overseas buyers keep the stock market rising in Seoul

Article Abstract:

South Korea's stock markets have been showing signs of steady improvement, as Seoul's composite index increased by 5.4% during the first three months of 1998. Although the gradual rise in stock values favor the acquisition of shares, market experts believe possibilities for another financial crisis may still persist. Further, the government must underscore the development of financial firms and conglomerates, which are recently saddled with incremental debt.

Financial Services, Finance and Insurance, Management, Evaluation, Financial services industry, Debt

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South Korea's economy looks gloomier as current-account gap widens sharply

Article Abstract:

South Korea's current-account deficit rose to $2.28 billion in Jul. 1996 due to the increased shortfall in the merchandise-trade account. According to the Bank of Korea, the country had $1.66 billion more imports than exports in Jul. 1996. The current-account deficit from Jan. 1996-Aug. 1996 reached $11.6 billion, which amounts to a 44% increase from the same period in 1995. The current-account deficit in 1996 is expected to reach $18.1 billion.

Balance on Current Account, Finance, International trade, Balance of trade

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South Korea's downturn offers some opportunities

Article Abstract:

South Korea's stock market offers attractive purchases despite negative trade and economic statistics. For example, Korea Mobile Telecommunications (KMT) and Kookmin Bank's profits for the first half of 1996 reached as high as 88% and 119%, respectively. Both companies are also predicted to show better results in the second half. They showed excellent performance despite a 40% drop of first-half earnings for listed companies compared with 1995.

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