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Finance

Markets

Tue, January 21, 2020 | 03:06

Cactus, KDB, Mirae Asset displeased at HanaTour

Cactus, KDB, Mirae Asset displeased at HanaTour

HanaTour's sudden selling of its management rights to IMM Private Equity last month has aroused controversy, as the deal was made while Cactus Private Equity, Korea Development Bank and Mirae Asset Venture Investment were raising a fund for the travel agency, according to sources, Thursday.

Park Jae-hyuk | 2020-01-02 16:40

For customer-centric growth

For customer-centric growth

KB Financial Group Chairman Yoon Jong-kyoo, third from left, poses with staff of its key affiliates, at a call center of KB Kookmin Bank in Seoul, Jan. 2. The KB leader encouraged employees there, as part of his first business schedule in 2020 to fulfill its customer-centric management drive. Courtesy of KB Financial Group

Lee Min-hyung | 2020-01-02 16:32

Brokerage CEOs seek new growth formula

Brokerage CEOs seek new growth formula

Leaders of major brokerage firms have urged staff to be willing to find a new formula for sustainable corporate growth in the next 10 years. In New Year's addresses delivered on Thursday, they stressed that 2020 should become a cornerstone for the brokerages to lay a foundation for growth in the new decade.

Lee Min-hyung | 2020-01-02 16:30

'Era of cardless payment on the way'

'Era of cardless payment on the way'

Paymint CEO Kim Young-hwan is convinced the “era of cardless payment” is looming closer, in line with the global payment paradigm shift. For now, the Seoul-based startup generates most of its revenue by developing payment systems used for large companies in Korea. The company has so far designed and operated mobile payment platforms for major firms such as Kakao, Shinsegae an...

Lee Min-hyung | 2020-01-02 15:32

Unicorns, investors turning away from Seoul bourse

Unicorns, investors turning away from Seoul bourse

The local stock market has been losing popularity with lucrative startups and investors here, due to its sluggish earnings rates and vulnerability to foreign short sellers, according to industry officials, Thursday.

Park Jae-hyuk | 2019-12-31 09:46

Celebrating closing of 2019 stock market

Celebrating closing of 2019 stock market

Korea Exchange Chairman Jung Ji-won, center in the bottom row, poses with officials from the financial industry, celebrating the closing of the 2019 stock market here at its head office in the nation's southern port city of Busan, Dec. 30. The benchmark KOSPI closed at 2,197.67 points, down 6.54 or 0.3 percent, from the previous trading day. Courtesy of Korea Exchange

Lee Min-hyung | 2019-12-30 16:54

Bithumb protests 'undue' income tax

Bithumb protests 'undue' income tax

Korea's leading cryptocurrency exchange Bithumb will file a lawsuit against the National Tax Service (NTS) over what it considers a “groundless” tax the agency imposed on its customers, sources said Sunday.

Lee Kyung-min | 2019-12-29 17:26

Real estate YouTubers face scrutiny

Real estate YouTubers face scrutiny

With a growing number of investors jumping on the speculation-ridden housing market, they are advised to pay sharp attention to “indiscriminate and unreliable” information shared by YouTubers, experts said Sunday. They said investors will be more and more vulnerable to sensational content uploaded by some unprofessional YouTubers. On top of that, the online broadcasting platf...

Lee Min-hyung | 2019-12-29 17:16

KOSPI to regain vitality in 2020

KOSPI to regain vitality in 2020

The Korean stock market will begin to recover in 2020 and continue its rebound at least until the first half of the year amid confidence in the export-driven hardware sector, according to market experts. They predict the benchmark KOSPI will rise to as high as 2,400 points next year. In 2019, the local stock market fluctuated within a trading band of 1,900 to 2,200.

Lee Min-hyung | 2019-12-29 17:13

More investors to bet on risky assets in 2020

More investors to bet on risky assets in 2020

Investors will turn their eyes to risky assets, such as copper and some cyclical stocks, in 2020, as the recent ceasefire in the trade war between the United States and China is expected to drive down their preference for resources perceived as stable and less volatile, analysts said. During times of uncertainty, investors prefer assets deemed stable, including real estates, ...

Lee Min-hyung | 2019-12-29 17:08

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