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Fri, September 22, 2023 | 03:01

Investors in panic over rollercoaster ride of secondary battery stocks

Investors in panic over rollercoaster ride of secondary battery stocks

Investors are in a panic over the volatile ups and downs of Korea's secondary battery stocks after some trending companies - such as EcoPro and POSCO Holdings - recently suffered abrupt losses following a weeks-long super rally. Most battery materials stocks achieved surprising gains on Friday following overnight losses, which rang alarm bells, particularly to retail investor...

Lee Min-hyung | 2023-07-28 16:25

Korea-US interest gap widens to record high after Fed rate hike

Korea-US interest gap widens to record high after Fed rate hike

The interest rate gap between Korea and the U.S. has widened to an all-time high of two percentage points, following the U.S. Federal Reserve's interest rate hike of a quarter of a percentage point overnight, triggering concerns of a possible capital exodus from Korea in pursuit of higher returns.

Anna J. Park | 2023-07-27 16:59

Korea to monitor volatility in finance sector amid Fed's rate hike

Korea to monitor volatility in finance sector amid Fed's rate hike

Finance Minister Choo Kyung-ho said Thursday he will closely monitor potential volatility in the financial sector following the latest U.S. Federal Reserve rate hike, which pushed the gap between the two countries' key rates to an all-time high.

2023-07-27 08:45

US Fed lifts rates to highest since 2001, hints at more to come

Portfolio manager urges investors to bet on stable US stocks amid economic uncertainty

Portfolio manager urges investors to bet on stable US stocks amid economic uncertainty

Investors are urged to bet on blue-chip U.S. stocks with solid fundamentals at this cycle of corporate earnings slowdown, global asset management firm AllianceBernstein said Wednesday. “Even if the global stock market dispelled once-prevalent pessimism early this year by achieving a strong rally in the first half, investors should be reminded that the market is still surround...

Lee Min-hyung | 2023-07-26 15:17

Big legal firms move to offer expert representation in crypto-related lawsuits

Big legal firms move to offer expert representation in crypto-related lawsuits

Korea's major law firms are planning to launch special teams to represent clients in legal cases involving cryptocurrency, in a timely move to expand their client base in the nascent digital industry.

Lee Min-hyung | 2023-07-25 09:16

Seoul shares rise on strong battery, steel performance

Seoul shares rise on strong battery, steel performance

Korean stocks ended higher Monday as major battery and steel shares rose sharply amid expectations for further industry growth, with a focus on corporate earnings and the United States' upcoming rate-setting meeting. The local currency advanced against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 18.77 points, or 0.72 percent, to close at 2,628.53, t...

2023-07-24 21:03

Korea's PEFs need to expand investment to overseas, tech sectors

Korea's PEFs need to expand investment to overseas, tech sectors

As the private equity fund (PEF) market has shown slowed growth since late last year, market experts are advising PEFs to diversify their investment portfolios by discovering new growth engines in overseas market, as well as high-tech sectors.

Anna J. Park | 2023-07-24 16:23

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

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