Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Kbank has postponed its initial public offering (IPO) due to weaker-than-expected investor interest, as evidenced by underwriters seeking a per-share price of 8,500 won ($6.21), significantly lower than the company's target range of 9,500 won to 12,000 won, market watchers said Friday.
Shinhan Securities and Woori Bank implemented fortified internal control measures in a long-overdue effort to appease the authorities and the public over intense criticism of a slew of questionable business practices and employee misconduct, market watchers said Thursday.
An increasing number of Bank of Korea (BOK) employees are leaving the bank, frustrated by their stagnant salaries compared to their peers at commercial lenders, data showed Wednesday.
SI Securities has appointed Kim Seung-yeon, former head of Toss Securities, as its new CEO, according to the brokerage, Monday.
A reduction in the key rate is not a “silver bullet” to Korea’s stagnant economy, the country’s top monetary policymaker said Monday, in an effort to dispel criticism of the central bank’s later-than-expected dovish pivot this month.
Kim Sun-mee, a mother of two in her 40s, said she buys lottery tickets every once in a while when she goes grocery shopping.
Shares of Samsung Electronics sank to a 52-week low of 58,900 won ($44.25) on Thursday, hamstrung by the reverberating shock of the firm's weaker-than-expected third-quarter earnings, market watchers said.
Korea experienced scorching daytime heat and sleepless tropical nights well into late September.
Private equity firm MBK Partners said Wednesday that the tender offer prices for Korea Zinc and its crown jewel affiliate Young Poong Precision will not be raised further, in a move to gain the upper hand amid the ongoing price bidding war with the zinc smelter's chairman, Choi Yun-beom.The seemingly de-escalating move to limit hemorrhaging in buyout spending comes shortly before Friday, when market watchers say Choi will announce the raised tender offer price for the precision affiliate to at least 35,000 won, up from the 30,000 won matched by the private equity.
gettyimagesbankMarket watchers laud gov’t efforts to advance financial infrastructure, tax systemsBy Lee Kyung-minKorea will draw an inflow of up to $67 billion (90 trillion won) in offshore investor funds, buoyed by the country’s inclusion in the World Government Bond Index (WGBI) operated by the London-based FTSE Russell, government officials and market watchers said.FTSE Russell announced Wednesday (local time) that Korea will be included in November next year, after a grace period of one year, followed by a phase-in period of another year. The market capitalization-weighted bond index is a global benchmark for the sovereign income market, It consists of the government bond markets of multiple economies.Further advancing the optimism is the increase in foreign investment translating into more stable yields on Korea Treasury Bonds (KTBs) and healthy supply-demand dynamics in the foreign exchange (FX) market. The latter will contribute to fewer attempts at scalping and arbitrage. Scalping involves investors buying and selling their positions over a very short period