Successive South Korean presidents have promised to raise the historically low valuations of the country’s listed companies — the so-called Korea discount — with little success. The price-to-book ratio of Kospi companies reached a record low of 0.84 last year, meaning the market valued them below the stated worth of their net assets.

SEOUL (Reuters) -South Korean President Lee Jae-myung said on Wednesday the government was preparing to revamp the country's tax system to boost dividend payouts, as part of a broader push to make the domestic stock market more attractive.

Foreign investors accelerated purchases of South Korean bonds at a record pace in May, highlighting growing appetite for the asset class in the run-up to the presidential election and ahead of the addition to a major global index.

Just a week into his term in office, South Korea's liberal President Lee Jae-myung has moved against his ousted conservative predecessor.

A South Korean court has fined a woman for sexual misconduct after she pulled down a colleague's trousers - and his underwear, by accident - in front of their colleagues, local media reported.

Both pilots ejected from the F-16D Fighting Falcon, which was at Eielson for a multinational Red Flag exercise, after it crashed during takeoff Tuesday afternoon.

Germain's Lee Kang-in has pleaded with South Korea fans to get behind the team at the World Cup after more boos were aimed at coach Hong Myung-bo despite leading them to qualification.They eventually settled on Hong,

SEOUL (Reuters) -South Korea's central bank governor said on Thursday "excessive" policy interest rate cuts could cause another round of price upswings in the property market and increase volatility in currency markets, although the domestic economy remains sluggish.