Seoul shares steadier as new president takes office

SEOUL Sun Feb 24, 2013 7:12pm EST

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SEOUL Feb 25 (Reuters) - Seoul shares inched up on Monday as a new president who has talked tough about the need to curb the strength of the won takes office.

Market heavyweight Samsung Electronics rose 1 percent after unveiling its Galaxy Note 8 phablet at the Mobile World Congress in Barcelona, Spain.

The Korea Composite Stock Price Index (KOSPI) was up 0.1 percent at 2,021.14 points at 0001 GMT. (Reporting by Somang Yang; Editing by Richard Pullin)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.