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Wed, December 6, 2023 | 06:09

Financial firms vie for lead in private carbon market

Financial firms vie for lead in private carbon market

Some corporations in Korea have been promoting their products for almost two years as being powered by “carbon neutral gas” or “carbon neutral LNG.”It's common knowledge that fossil fuels contribute significantly to the climate crisis by releasing large amounts of carbon emissions into the atmosphere. So how is it possible for these carbon neutrality claims to be true?

Lee Yeon-woo | 2023-07-23 09:19

Number of pigs at Korean farms down in Q2 amid ASF

Number of pigs at Korean farms down in Q2 amid ASF

The number of pigs raised in Korea edged down in the second quarter from a year earlier following the outbreak of African swine fever (ASF), data showed Friday.

2023-07-21 13:23

What's behind sluggish banking shares?

What's behind sluggish banking shares?

While U.S. financial stocks are soaring in the first half of the earnings season, domestic Korean bank stocks are struggling to keep pace.

Lee Yeon-woo | 2023-07-21 08:28

New bourse operator to change landscape of stock market

New bourse operator to change landscape of stock market

The launch of a new bourse operator in Korea is in sight, fueling optimism that it can become a game changer in stock trading that has been dominated by the Korea Exchange (KRX) for nearly seven decades. On Wednesday, the Financial Services Commission (FSC) gave preliminary approval for the alternative trading system (ATS) being planned by a coalition of major brokerage house...

Yi Whan-woo | 2023-07-20 15:41

Elliott expresses disappointment over Korean gov't decision to appeal

Elliott expresses disappointment over Korean gov't decision to appeal

Elliott Investment Management expressed regret over the Korean government's decision to appeal a ruling by the Permanent Court of Arbitration (PCA). The U.S.-based hedge fund company argued in an official statement that the Korean government's decision to seek an appeal sends the wrong message to foreign investors.

Anna J. Park | 2023-07-19 16:50

Korea's household debt burden rises at 2nd fastest rate in world

Korea's household debt burden rises at 2nd fastest rate in world

The household debt burden in Korea is aggravating, with repayment based on one's annual income increasing at the second fastest pace in the world.

Lee Yeon-woo | 2023-07-17 16:17

FSS launches online portal to speed up licensing processes

FSS launches online portal to speed up licensing processes

The Financial Supervisory Service (FSS) launched an online portal Monday that streamlines and guides the financial authorities' licensing and accreditation processes.

Anna J. Park | 2023-07-17 15:33

Heavy rain-linked stocks display increased volatility

Heavy rain-linked stocks display increased volatility

Stocks linked with torrential rain are displaying increased volatility, as the onset of the summer monsoon season began to cause damage across the nation. Shares of Coway are on a path for solid recovery on growing demand for dehumidifiers and air conditioners. The company's stock price fell to 42,550 won at the end of June, the lowest level so far this year, but is showing s...

Lee Min-hyung | 2023-07-14 16:32

Korean stocks regain vigor on rate freeze, US inflation slowdown

Korean stocks regain vigor on rate freeze, US inflation slowdown

Korean stocks extended a rally, Thursday, following overnight gains on Wall Street lifted by data showing a slowdown in U.S. inflation. The benchmark KOSPI was also buoyed by the Bank of Korea's (BOK) widely-expected decision of a rate freeze.The macroeconomic data helped the main bourse return to the 2,600-point mark during morning trade. The KOSPI closed up 0.64 percent at ...

Lee Min-hyung | 2023-07-13 15:50

[Contribution] The race for greener economic prosperity

ContributionThe race for greener economic prosperity

More than 70 countries, including South Korea, have come together to make a pledge for carbon neutrality. Carbon neutrality refers to achieving net zero carbon emissions, by offsetting more carbon emissions compared to the amount produced by each economy.

2023-07-13 14:35

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