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Tue, January 21, 2020 | 02:17

Gold prices become volatile amid US-Iran feud

Gold prices become volatile amid US-Iran feud

The price of gold, both here and abroad has become volatile due to lingering uncertainty stemming from the U.S.-Iran dispute. According to the Korea International Finance Center, the price of gold for delivery in February stopped a 10-day winning streak, Wednesday (local time), retreating 0.9 percent or $14.10 to end at $1,560.20.

Lee Kyung-min | 2020-01-09 17:28

Women in private equity come to fore

Women in private equity come to fore

Female executives have emerged as key decision makers in the nation's private equity firms (PEFs), breaking the glass ceiling that has barred them from getting involved in important deals, according to industry officials, Tuesday.

Park Jae-hyuk | 2020-01-09 15:28

Seoul stocks fall as US, Iran conflict escalates uncertainty

Seoul stocks fall as US, Iran conflict escalates uncertainty

The local stock market plunged Wednesday amid heightened uncertainty after Iran launched more than a dozen missiles targeting U.S.-Iraqi air bases. The benchmark KOSPI closed at 2,151.31 points, down 1.11 percent from the previous trading day, as the escalating military conflict between the two countries aroused concerns that the geopolitical risk will weigh on the local fina...

Lee Min-hyung | 2020-01-08 16:50

Iran missile attacks target US forces in Iraq; Trump says 'All is well!' [VIDEO]

Foreigners buying financial stocks in hopes of enhanced returns

Foreigners buying financial stocks in hopes of enhanced returns

Foreign investors have engaged in a rare buying spree of major financial stocks here in hopes of a greater return, analysts said Wednesday. For three trading days from Jan. 2, foreigners' net purchase of KB Financial Group shares reached 36.8 billion won ($31.42 million), the fifth-largest among KOSPI-listed companies during the period.

Lee Min-hyung | 2020-01-08 16:49

Ether theft poses threat to Dunamu's profitability

Ether theft poses threat to Dunamu's profitability

Dunamu, the operator of Upbit crypto exchange, is feared to face a severe financial risk this year as it eventually covered losses from the theft of 58 billion won ($49 million) in Ethereum last year, its own assets, according to industry officials, Wednesday.

Park Jae-hyuk | 2020-01-08 16:37

US-Iran feud likely to weigh on Seoul bourse

US-Iran feud likely to weigh on Seoul bourse

Escalating military tension between the United States and Iran will revive volatility in the local equity market by constraining its projected rebound in 2020, experts said Monday. Outstanding short-term damage is not expected from the intensifying conflict between the two countries, but this is a clear negative factor for the stable growth of the stock market, they said.

Lee Min-hyung | 2020-01-06 16:51

South Korea in dilemma over Hormuz deployment

[INTERVIEW] Financial CEOs urged to reform mindset on security

[INTERVIEW] Financial CEOs urged to reform mindset on security

No development without security, no security without development. As simple and banal as this may sound, no other statement can better encapsulate the growing yet oftentimes neglected importance of financial security amid digitization, according to the head of a private security institute.

Lee Kyung-min | 2020-01-05 20:03

[INTERVIEW] KB eyes aggressive M&As in Southeast Asia

[INTERVIEW] KB eyes aggressive M&As in Southeast Asia

KB Financial Group will push for aggressive M&As with promising companies in Vietnam and Indonesia as part of its 2020 group-wide strategy to turn the countries into the firm's next financial hubs. “KB will make the two countries our de facto secondary domestic markets by continually carrying out M&As there,” group Chairman Yoon Jong-kyoo said in a recent interview.

Lee Min-hyung | 2020-01-05 17:00

Woori, KB to clash over Prudential takeover

Woori, KB to clash over Prudential takeover

Competition between Woori Financial Group and KB Financial Group will become fierce over the acquisition of Prudential Life Insurance Company of Korea, the local insurance arm of Prudential Financial, industry sources said Friday.

Lee Kyung-min | 2020-01-03 17:20

NK resurfacing as major geopolitical risk to Seoul bourses

NK resurfacing as major geopolitical risk to Seoul bourses

North Korea is resurfacing as a major geopolitical risk factor for Seoul bourses in 2020 amid reviving nuclear tension between the United States and the North, experts said Thursday. The local stock market was affected little by potential risks from Pyongyang throughout 2019 when the Kim Jong-un regime was technically in peace talks with Washington despite a breakdown of the ...

Lee Min-hyung | 2020-01-02 17:05

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