SEOUL The top shareholder of South Korea's second-largest carrier, Asiana Airlines, said on Monday it would sell its entire stake in the debt-ridden firm to keep it afloat, sending shares of the carrier and its budget arm 30 percent higher.
SEOUL Asiana Airlines revised its accounts and said its annual loss widened after auditors raised doubts about the financial statements of South Korea's second-biggest carrier, sending its shares tumbling almost 18 percent on Tuesday.
SEOUL South Korea's second-biggest carrier Asiana Airlines Inc said on Friday an independent auditor has not signed off its 2018 financial statements due to a lack of information, rendering its stock at risk of being added to a watch list.
SEOUL South Korea's exports contracted at their steepest pace in nearly three years in February as demand from its major market China cooled further in yet another sign of faltering momentum in Asia's fourth-largest economy.
SEOUL South Korea's central bank kept interest rates steady on Thursday, a widely expected decision as policymakers shift their focus to supporting an economy facing increasing pressure from falling exports and slowing global growth.
SEOUL South Korean exports likely fell the most in nearly three years in February as China demand falters, a Reuters poll showed on Tuesday, pointing to further stresses caused by the Sino-U.S. trade conflict.
SEOUL South Korea's central bank is widely expected to keep its base rate unchanged at its meeting on Thursday, though many analysts say policymakers are unlikely to cut rates this year to temper the rising stress on Asia's fourth-largest economy.
* Trade surplus hits lowest since Feb 2014
(Adds breakdown, PMI data)
SEOUL South Korea's exports shrank for a second straight month in January as prices of memory chips and petrochemical products weakened due to a slowdown in China and as the U.S.-Sino trade dispute wore on.
SEOUL Kang Sung-il buys Sancho, his Pomeranian, a toy every business trip and this Lunar New Year holiday will dress him up in a new $50 suit to visit 'grandma', Kang's mother. | Video