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Lee Yeon-woo

Korea Times Finance Reporter

Lee Yeon-woo is a financial journalist at The Korea Times. Her wide range of reporting includes policies, macroeconomics, stock market, companies and even crypto. She is passionate about connecting the dots in Korean finance and making it easier for foreign nationals to understand. Based on her previous experience as a national reporter, she also has a keen interest in social issues within the sector, including gender equality and ESG. Your tips and insights are always appreciated. You can send them to yanu@koreatimes.co.kr.

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Economy

How much will Chuseok cost Korean households this year?

Chuseok is a time for family reunions and celebration. But for many Koreans, the holiday also brings an unavoidable question: How much will it cost this year? Expenses can quickly add up, from gifts and food to fuel and highway costs. Here is a breakdown of how much Korean households can expect to spend during this year's four-day Chuseok long weekend, which runs from Sept. 24 to 27. Charye table For many Korean families, food is one of the biggest Chuseok expenses. Holiday meals typically include traditional dishes and seasonal foods for family gatherings and, in many households, ancestral rites known as "charye." Although more households are choosing not to hold the rite amid shrinking family sizes and changing attitudes among younger generations, preparing food for charye remains a significant expense. A survey by the Korea National Council of Consumer Organizations showed that the cost of preparing a charye meal for a family of four averaged 313,089 won ($231.54) this year, down 2.3 percent from a year earlier. Lower prices for fruit, seafood and processed foods helped drive the decline

Sep 23, 2026By Lee Yeon-woo
How much will Chuseok cost Korean households this year?
Cryptocurrency

Korea Investors Service prepares to rate credit in digital finance

Korea Investors Service (KIS) is developing new criteria to assess the credit risks of digital financial products as tokenized securities and stablecoins become more integrated into the mainstream financial system. The Moody's affiliate said Monday that digital financial products can carry risks that differ from those of conventional products, even when they have the same credit rating. "While automation and instant settlement can reduce costs, reliance on the platforms, smart contracts and on-chain settlement that enable them can also create new channels through which disruptions and losses spread," Chung Hyuk-jin, head of KIS' credit standards group, said at a media briefing. Chung said credit assessments of digital financial products should incorporate technological risks alongside traditional measures such as an issuer's repayment capacity, the credit quality of underlying assets, collateral and repayment priority. KIS groups those risks into four categories: platform risk, smart-contract risk, external risk and risks related to the representation of legal rights. Stablecoins have bec

Sep 21, 2026By Lee Yeon-woo
Korea Investors Service prepares to rate credit in digital finance
Economy

Which Korean stocks offer highest dividend yields this year?

High-dividend stocks are drawing renewed attention as Korea enters the year-end payout season with the KOSPI confined to a narrow range, analysts said Sunday. According to financial data provider FnGuide, Korea District Heating Corp. is expected to offer the highest dividend yield this year among listed companies covered by at least three brokerages. The company is projected to pay 6,520 won ($4.69) per share this year, up 363 won from 6,157 won a year earlier, translating into an estimated dividend yield of 8.69 percent. Dividend yield is calculated by dividing the dividend per share by the share price. AJ Networks, a rental service group, ranked next, with an estimated dividend of 343 won per share and a dividend yield of 8.33 percent. Brokerage stocks also featured prominently, buoyed by a strong first-half market rally and a sharp improvement in earnings. NH Investment & Securities is expected to pay a dividend of 2,031 won per share, up 731 won from a year earlier, giving a dividend yield of 7.99 percent. Samsung Securities is forecast to raise its dividend by 2,867 won to 6,867 won p

Sep 21, 2026By Lee Yeon-woo
Which Korean stocks offer highest dividend yields this year?
Economy

Samsung, SK hynix near end of buybacks, leaving KOSPI without clear buyer

Korea's stalling stock market could soon lose a key source of support as Samsung Electronics and SK hynix near the completion of their share buyback programs, market watchers said Sunday. According to the Korea Exchange's corporate disclosure system, Samsung Electronics has repurchased 39.8 million shares over 20 trading days since Aug. 24. That amounts to 74.69 percent of its planned buyback of 53,285,968 shares. The cumulative value of the purchases stands at 10.31 trillion won ($7.41 billion). SK hynix has also bought back 14.15 million shares over 22 trading days since Aug. 20, completing 58.79 percent of its planned repurchase of 24.07 million shares. The cumulative value of the purchases stands at 24.39 trillion won. Samsung Electronics and SK hynix had planned to continue their buybacks through Nov. 21 and Nov. 19, respectively. At the current pace, however, both programs are likely to be completed by mid-October. Samsung Electronics has been buying back an average of about 2 million shares a day. If that pace is sustained, the company is expected to complete the buyback in six to

Sep 20, 2026By Lee Yeon-woo
Samsung, SK hynix near end of buybacks, leaving KOSPI without clear buyer
Economy

Won strength limited through year-end as corporate dollar flows fade: State Street

The won's strength is expected to be limited through year-end as domestic corporate dollar-selling flows fade, despite economic conditions remaining broadly supportive of the currency, U.S. financial firm State Street said Thursday. "Near-term conditions are clearly supportive," Choi Ji-uk, senior APAC macro strategist at State Street, said at a media roundtable. "But given how significantly the won has strengthened compared with the end of last year, we expect corporate dollar-selling demand to ease somewhat from here." State Street shifted to an underweight position on the won two weeks ago. The Korean currency appreciated 15.41 percent against the dollar in the third quarter through Sept. 11, the strongest among G20 currencies. The won-dollar rate jumped 13.6 won to 1,382.2 on Thursday as the Federal Reserve resumed monetary tightening. Choi explained that flows related to SK hynix's American depositary receipts have largely run their course. A corporate tax cut designed to encourage companies to sell their dollar holdings to make tax payments, thereby adding downward pressure on the

Sep 17, 2026By Lee Yeon-woo
Won strength limited through year-end as corporate dollar flows fade: State Street
Cryptocurrency

Korea's crypto exchanges need room to become financial platforms

In January 2018, Upbit recorded $7.57 billion in daily trading volume, making it the world's largest cryptocurrency exchange by volume. Binance ranked second, while Bithumb, another Korean exchange, came in third. Eight years later, the landscape looks very different. On Thursday, Binance recorded more than $10 billion in trading volume, compared with about $1 billion for Upbit and $436.2 million for Bithumb, according to CoinGecko. The crypto downturn has weighed on exchanges globally. But major overseas platforms have diversified into derivatives, staking and other businesses, giving them more ways to weather a prolonged industry slump. By contrast, Korean exchanges remain largely confined to spot trading under the current regulatory framework, leaving them more exposed when trading volumes fall. In response, five crypto exchanges are offering zero trading fees, intensifying a price war for market share. The imbalance is becoming harder to ignore as the global digital asset market broadens beyond spot trading. Institutional capital is entering through Bitcoin and Ethereum spot exchang

Sep 17, 2026By Lee Yeon-woo
Korea's crypto exchanges need room to become financial platforms
Economy

Korea holding down fuel prices, but it's getting harder

During much of the U.S.-Iran war, Korea shielded its economy from the sharpest swings in global oil prices by capping domestic fuel prices and restricting exports of petroleum products. But as crude prices climb again, that buffer is becoming increasingly costly to maintain, analysts said Wednesday. The government imposed a cap on prices for petroleum products, including gasoline and diesel, in March. Under the scheme, refiners must keep prices below a state-set ceiling even as international crude prices rise, with the government compensating them for the resulting losses. It has helped ease pressure on household costs. Inflation slowed to the 2 percent range in both June and July, while the cap was estimated to have reduced consumer price inflation by 0.5 percentage points in August, when the headline rate stood at 3.1 percent. The measure passed its initially announced six-month mark on Sunday, but the government is finding it increasingly difficult to unwind the policy. Renewed escalation in the Middle East has pushed international oil prices to their highest levels since May 19. Bren

Sep 17, 2026By Lee Yeon-woo
Korea holding down fuel prices, but it's getting harder
Economy

Korea to launch 'Korea Premium Weeks' to promote capital market

The government is launching "Korea Premium Weeks," a large-scale event that will bring together corporate investor relations activities and capital market programs as part of efforts to showcase the competitiveness of Korea's stock market, officials said Wednesday. Under the theme "Gateway to Asia's Most Dynamic Capital Market," the event will be held from Sept. 28 to Oct. 16. It will bring together 42 organizations and 55 listed companies, co-hosted by the Financial Services Commission and the Korea Exchange. Investor relations events and capital market conferences in Korea have traditionally been organized separately by individual institutions, making it difficult to attract foreign institutional investors to a single platform. The Korean government decided to create an integrated event, drawing on similar initiatives overseas. Japan has held "Japan Week" under its Financial Services Agency since 2023, while Taiwan launched "Taiwan Week" last year under its Financial Supervisory Commission. An opening ceremony will be held on Sept. 28 at the Grand Lotte hotel, followed by policy sessio

Sep 16, 2026By Lee Yeon-woo
Korea to launch 'Korea Premium Weeks' to promote capital market
Economy

KOSPI falls as US 10-year yield tops 5%, oil prices rise

Korean stocks closed lower Tuesday as renewed concerns over rising U.S. Treasury yields and crude oil prices outweighed bargain-hunting in semiconductor shares, while foreign investors extended their selling streak to a fifth session. The benchmark KOSPI closed at 6,627.26, down 0.85 percent from the previous session. After plunging 3.26 percent the previous day, the index rebounded as semiconductor stocks attracted bargain-hunting. However, the index turned lower after 2 p.m. and hit an intraday low of 6,620.20. The reversal was triggered by a renewed deterioration in the macroeconomic backdrop. The U.S. 10-year Treasury yield hit 5.02 percent, while Brent crude extended its gains from $105.68 to $107.35 a barrel. Foreign and institutional investors sold a net 1.57 trillion won ($1.15 billion) and 904.4 billion won worth of shares, respectively. Retail investors bought a net 832.4 billion won worth of shares. SK hynix fell 0.41 percent to close at 1,690,000 won, while Samsung Electronics lost 0.2 percent to finish at 248,500 won. Sector performance was mixed, with large-cap stocks coming

Sep 15, 2026By Lee Yeon-woo
KOSPI falls as US 10-year yield tops 5%, oil prices rise
Banking & Finance

Korea Exchange after-market draws heavy retail trading, sharp volatility

Kim Ji-ho stared at his stock trading app in confusion on Monday evening. He knew that the after-hours market was opening and noticed that a stock he was interested in had risen 10 percent. But by the time he returned from the bathroom, all the gains had disappeared. "It was a little scary, so I don't think I'll be trading in the after-hours market for a while," said Kim, a 25-year-old college student. For investors who eagerly jumped in, the experience was not entirely satisfying either. Some brokerages experienced technical glitches, while some investors said the new system was confusing because they could not easily distinguish regular-session closing prices from prices in the after-hours session. Others said the separate Korea Exchange (KRX) and Nextrade after-hours markets made trading more cumbersome and confusing, as investors had to choose between two different order screens. The KRX extended stock trading hours Monday, allowing almost all listed stocks to be traded between 4 p.m. and 8 p.m. Until now, Nextrade, an alternative trading system, had been the only option for after-hou

Sep 15, 2026By Lee Yeon-woo
Korea Exchange after-market draws heavy retail trading, sharp volatility
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