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Finance

Fri, February 26, 2021 | 04:41

Bank of Korea chief rules out key interest rate hikes

Bank of Korea chief rules out key interest rate hikes

The Bank of Korea (BOK) will not hike its benchmark rate any time soon as the economy still remains vulnerable to the effects of the COVID-19 pandemic, despite some escalating concern about inflation, BOK Governor Lee Ju-yeol said Thursday.

Lee Min-hyung | 2021-02-25 16:34

Stocks shoot up 3.5% on US Fed chief's soothing comments over yield hike

Stocks shoot up 3.5% on US Fed chief's soothing comments over yield hike

Stocks sharply rebounded to surge more than 3 percent Thursday as the U.S. Federal Reserve chairman's comments soothed inflation worries.

2021-02-25 16:16

SkyLake in hot seat over CEO's involvement in Seoul mayoral election

SkyLake in hot seat over CEO's involvement in Seoul mayoral election

SkyLake Investment, a domestic private equity firm (PEF) specializing in investments in tech companies, is raising concern among capital market insiders here, after its CEO Chin Dae-je joined the camp of a contender to be the main opposition party's Seoul mayoral candidate.

Park Jae-hyuk | 2021-02-25 15:30

Schenker Korea CEO re-elected as ECCK Chairperson

Schenker Korea CEO re-elected as ECCK Chairperson

Dirk Lukat, CEO of Schenker Korea, has been re-elected for another two-year term as chairman of the European Chamber of Commerce in Korea (ECCK), the economic organization announced earlier this week unveiling its new board of directors for the 2021-2023 term.

Anna J. Park | 2021-02-25 13:39

Hana chairman may replace bank CEO

Hana chairman may replace bank CEO

Hana Bank Vice President Park Sung-ho may be promoted to become the lender's next leader, replacing incumbent chief Ji Sung-kyoo whose term ends in March.

Lee Min-hyung | 2021-02-25 13:39

GameStop rallies again: Shares double after tumbling for much of February

GameStop rallies again: Shares double after tumbling for much of February

Wall Street's mania over GameStop is on again, at least for one afternoon. Shares in the troubled video game company more than doubled Wednesday to $91.71 apiece, the stock's best day since Jan. 27, when it was going for $347.51 a share.

2021-02-25 11:23

Bank of Korea keeps key rate at record low amid lingering uncertainties

Bank of Korea keeps key rate at record low amid lingering uncertainties

South Korea's central bank on Thursday held its benchmark policy rate unchanged at a record low of 0.5 percent, as the third wave of the new coronavirus undermined the scope of sustaining an economic recovery. As widely expected, the monetary policy board of the Bank of Korea (BOK) voted to leave the base rate steady in this year's second rate-setting meeting.

2021-02-25 10:28

Seoul stocks dip more than 2 % to nearly 1-month low on foreign selling binge

Seoul stocks dip more than 2 % to nearly 1-month low on foreign selling binge

South Korean stocks tumbled by more than two percent to dip below the 3,000-point threshold Wednesday on massive foreign selling, largely due to concerns over a U.S. bond yield hike that drove the key stock index down for the past few sessions.

2021-02-24 19:12

MBK Partners, Kakao eyeing controlling stake in eBay Korea

MBK Partners, Kakao eyeing controlling stake in eBay Korea

Private equity fund (PEF) MBK Partners and local internet firm Kakao Corporation are tapped as the most viable candidates to possibly acquire eBay Korea, the country's No.2 e-commerce company that went up for sale last month.

Kim Jae-heun | 2021-02-24 16:41

Calls grow for financial overseer chief's resignation

Calls grow for financial overseer chief's resignation

Calls are growing for Financial Supervisory Service (FSS) Governor Yoon Suk-heun to step down and not seek another three-year term.

Lee Min-hyung | 2021-02-24 15:55

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