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Finance

Markets

Tue, September 21, 2021 | 21:05

World shares jolted by Evergrande crisis as debt payment test looms

Global stock markets were caught in the grip of contagion fears Tuesday sparked by troubles at China Evergrande with growing risks the property giant could default on its massive debt prompting investors to flee riskier assets.

2021-09-21 10:55

Guangzhou R&F sells assets to Country Garden for 10 billion yuan cash, ditching unit's IPO plan as funding crunch bites

Ridi attracts pre-IPO investment worth of W200 billion

Ridi, the operator of the country's largest e-book business Ridibooks, is set to attract a 200 billion won ($170 million) pre-IPO investment later this year, boosting its estimated value to around 1 trillion won during its pre-listing phase.

Anna J. Park | 2021-09-18 09:58

Seoul stocks rebound ahead of Chuseok holiday

Korean stocks closed higher Friday ahead of a three-day holiday as investors weighed the pace of the economic recovery from the pandemic. The Korean won fell against the U.S. dollar.

2021-09-17 19:44

Hyundai Heavy Industries takes top market cap position among shipbuilders

The debut of Hyundai Heavy Industries on the KOSPI was quite a roller coaster ride. The initial price of the newly offered shares hit 111,000 won ($94.32) at the beginning of the trading session, 85 percent higher than the stock allotment offering price of 60,000 won. After trading started at 111,000 won at 9 a.m., the price nosedived to 91,000 won, an 18 percent fall, after ...

Anna J. Park | 2021-09-17 16:44

Indefinite delay in Kakao Mobility IPO concerns TPG, Carlyle

Kakao Mobility has indefinitely delayed the selection of an underwriter for its listing on the benchmark KOSPI market next year, fueling expectations that TPG, Carlyle and other global investors may not be able to earn as much as they wanted from their investments in the Korean firm.

2021-09-17 16:15

Concerns about Samsung SDI spin-off lead to Thursday's price drop

Samsung SDI's stock price fell by 3.33 percent on Thursday, reflecting the market's concerns over the possible spin-off of the firm's lucrative battery business unit.

Anna J. Park | 2021-09-16 16:48

Goldman Sachs, Morgan Stanley reportedly handling Yanolja's US listing

Goldman Sachs and Morgan Stanley have reportedly been selected as underwriters for Yanolja's initial public offering (IPO), fueling expectations among investors that the hotel booking app operator intends to list itself on the U.S. stock market.

2021-09-15 14:54

Naver, Kakao facing uncertainty amid forthcoming regulations

Naver and Kakao, two of the nation's largest big tech firms, are at critical moments amid steep stock price falls linked to anxieties over government initiatives to monitor and regulate them, in order to moderate their aggressive business expansions based on the domination of multiple business sectors via their platforms. The liberal ruling Democratic Party of Korea (DPK) and...

2021-09-15 08:32

Traditional small businesses still unsatisfied with Kakao

Mirae Asset, KB join RE100

Mirae Asset and KB Financial Group have joined “RE100,” the global initiative led by the international non-profit Climate Group in partnership with the Carbon Disclosure Project (CDP), to help influential businesses commit to 100 percent renewable energy seeking zero-carbon grids on a global scale.

2021-09-14 16:51

Fears surrounding short selling escalate again

The increased short selling of Korean stocks has emerged as a major fear factor in the local stock market, amid concerns that such moves will end up restricting any growth momentum in the benchmark KOSPI.

2021-09-14 16:41

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