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Sun, July 12, 2020 | 10:10

Seoul stocks set for mild rebound next week

South Korean stocks are set for a mild rebound next week despite new coronavirus concerns, as experts bet on improvements in global economic indices in June, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,150.25 points on Friday, down 0.1 percent from a week ago.

2020-07-11 14:59

NPS still tolerant to KEPCO's coal investments in Indonesia

NPS still tolerant to KEPCO's coal investments in Indonesia

The National Pension Service (NPS) is facing mounting criticism for its passive attitude toward the Korea Electric Power Corp. (KEPCO) which decided recently to continue its investments in the construction of coal-fired power plants in Indonesia.

Park Jae-hyuk | 2020-07-10 09:44

Rush for gold to continue as hedging strategy amid COVID-19

Rush for gold to continue as hedging strategy amid COVID-19

Amid excessive liquidity in the global market due to major countries' monetary easing policies, the rush for gold as a safe haven asset is expected to continue during the second half of this year.

Anna J. Park | 2020-07-09 10:30

KDB under fire for 'irresponsible handling' of derivatives compensation

KDB under fire for 'irresponsible handling' of derivatives compensation

Korea Development Bank (KDB) is under fire for failing to take moral responsibility for compensation on currency derivatives sales. The issue centers on the currency-linked financial derivatives options - called knock-in-knock-out (KIKO) - that commercial and state-run lenders sold to about 700 export-driven small- and medium-sized enterprises (SMEs) here mostly in 2007. The ...

Lee Min-hyung | 2020-07-08 16:52

KDB chief criticizes SsangYong's restructuring plan

NH, Mirae Asset Daewoo, Korea Investment compete to lead IPO market

NH, Mirae Asset Daewoo, Korea Investment compete to lead IPO market

As initial public offerings (IPOs) are back in full swing starting in the second half of this year, three major securities firms are competing fiercely to take the top underwriter position in this year's planned IPOs.

Anna J. Park | 2020-07-07 17:36

KB, Shinhan, Kakao rushing for 'digital accredited certificate systems'

KB, Shinhan, Kakao rushing for 'digital accredited certificate systems'

Commercial lenders here are rushing to develop their own banking authentication certificates to take the lead in the emerging market.

Lee Min-hyung | 2020-07-06 16:50

COVID-19 lifts gold market in Korea

COVID-19 lifts gold market in Korea

Gold has been shining here as lingering uncertainties caused by the COVID-19 pandemic crisis are forcing more risk-averse investors to scramble for the precious metal. The traditional safe haven asset's price has risen by more than 20 percent during the past six months. According to the Korea Exchange (KRX) Sunday, the price of one gram of gold stood at 68,640 won ($57.22) as...

Anna J. Park | 2020-07-05 16:15

Top Korean exporters unlikely to exit Hong Kong

Top Korean exporters unlikely to exit Hong Kong

Top South Korean exporters are considering their options, including possibly quitting Hong Kong, amid growing concerns about the Chinese central government's newly-instituted national security laws.

Kim Yoo-chul | 2020-07-03 17:00

Samsung SDS wins mega KDB deal

Samsung SDS wins mega KDB deal

Samsung SDS was chosen as the preferred negotiator for Korea Development Bank's (KDB) IT system management project, a deal valued at an estimated 287 billion won ($239 million).

Lee Min-hyung | 2020-07-03 16:38

SK Biopharm hits daily ceiling on 1st trading day

SK Biopharm hits daily ceiling on 1st trading day

On the first day of SK Biopharmaceuticals' trading on the nation's benchmark KOSPI, the biopharma company's stock price reached a daily price limit soon after the stock market opened Thursday.

Anna J. Park | 2020-07-02 16:54

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