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Sat, December 9, 2023 | 11:54

Brokerage houses struggling to manage bad debt amid growing financial unrest

Brokerage houses struggling to manage bad debt amid growing financial unrest

Securities firms are struggling to control rising bad debts amid growing financial unrest prompted largely by the real estate downturn.

Lee Min-hyung | 2023-07-10 15:59

Concerns rise over project financing risks

Concerns rise over project financing risks

Concerns over real estate project financing are resurfacing in the capital market after GS Engineering & Construction (GS E&C) decided to bear losses of 550 billion won ($422 million) due to its decision to completely reconstruct an apartment complex in Incheon, west of Seoul.

Lee Min-hyung | 2023-07-10 08:53

Foreigners return to selling spree in Korean stock market

Foreigners return to selling spree in Korean stock market

Foreign investors returned to a selling spree of Korean stocks in June, for the first time in three months, on rekindled fears of the U.S. Federal Reserve's anticipated next rate hike. According to data from the Financial Supervisory Service, foreigners sold local shares worth 322 billion won ($247 million) last month.

Lee Min-hyung | 2023-07-09 15:50

'Far too early' to discuss Korea's capital market rebound: experts

'Far too early' to discuss Korea's capital market rebound: experts

Korea's capital market has yet to find a track to solid recovery and is forecast to extend lackluster performance until global monetary uncertainties come to a complete end, market experts said.

Lee Min-hyung | 2023-07-09 15:12

Wall Street falls after hot jobs data raises threat of high rates

Wall Street falls after hot jobs data raises threat of high rates

Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected.

2023-07-07 09:40

Gov't to provide liquidity to MG Community Credit if necessary

Gov't to provide liquidity to MG Community Credit if necessary

The government will inject liquidity into MG Community Credit Cooperative and ensure the protection of all customers' deposits, even if the financial institution suffers a bank run, relevant authorities said in a joint briefing, Thursday. “We wanted to reassure the public and the cooperative's customers, as a pan-governmental team is stepping up monitoring of the institution'...

Lee Min-hyung | 2023-07-06 16:29

Wall Street drifts lower as markets worldwide pull back

Wall Street drifts lower as markets worldwide pull back

Wall Street edged lower Wednesday following a rally that had sent it roaring 16 percent higher for the year so far.

2023-07-06 08:20

Executive's involvement in stock manipulation sends shockwaves through securities firms

Executive's involvement in stock manipulation sends shockwaves through securities firms

Tension is rising in the financial industry as prosecutors seek to arrest an incumbent executive of a securities firm suspected of involvement in a recent stock manipulation scam.

Lee Yeon-woo | 2023-07-05 16:38

Financial firms to tighten monitoring on rising delinquency rate

Financial firms to tighten monitoring on rising delinquency rate

The top five financial holding firms here will focus on monitoring potential business risks in the second half, as part of a preemptive move to deal with rising delinquency rates.

Lee Min-hyung | 2023-07-05 16:25

[ANALYSIS] Why foreigners are selling Naver, Kakao stocks

ANALYSISWhy foreigners are selling Naver, Kakao stocks

The prices of two major Korean Big Tech stocks, Naver and Kakao, have continued to falter over the past few months. This is in stark contrast to the stock prices of Big Tech firms in the U.S. that have increased into the double digits, fueled by the growing artificial intelligence sector.

Anna J. Park | 2023-07-03 16:50

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