Seoul City » Business

Seoul shares seen higher on U.S. factory data

musiclover — Tue, 03 Apr 2012 01:03:34 +0000

Seoul shares are set to open
higher on Tuesday, after a rally on Wall Street pushed the S&P
500 to a fresh four-year high on robust U.S. and China factory
data. “The U.S. stock rally will definitely lend a hand. Worries of a slowdown in China’s economy are starting to settle, helping recently laggard, China-related issues to post a strong recovery,” said Bae Sung-young, an analyst at Hyundai
Securities.

The Institute for Supply Management said on Monday its index of U.S. factory activity rose in March to top economists’
expectations. Factory activity also strengthened in China, South Korea and Taiwan, although output was still far from
robust.

Seoul shares gains seen limited after 6 week rally

musiclover — Mon, 13 Feb 2012 20:22:21 +0000

Seoul shares are expected to open higher on Monday after the Greek parliament approved an austerity bill to secure a second bailout from the European Union and International Monetary Fund, analysts said. But the rise may be capped as Seoul shares posted a sixth consecutive week of gains last week and concerns linger about coordinated More >

Qualcomm will Set up R & D Center in Korea

seoulguy — Mon, 01 Feb 2010 21:19:06 +0000

Image via Wikipedia

US mobile communications chip maker Qualcomm has announced to establish a technology research and development center in South Korea. Qualcomm also announced to invest in mobile technology companies in the country.