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Tue, October 3, 2023 | 20:11

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...

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.

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?

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.

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...

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.

2023-07-17 16:17

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