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Sat, January 23, 2021 | 08:14

Agricultural, food ETFs enjoy rally

Agricultural, food ETFs enjoy rally

Grain produce and agricultural-related exchange traded funds (ETFs) rally as global investors shift focus to commodities.

Anna J. Park | 2021-01-22 17:23

Seoul stocks snap 3-day winning streak on valuation pressure

Seoul stocks snap 3-day winning streak on valuation pressure

Korea's stock exchange ended its three-day winning streak Friday on valuation pressure after hitting another new high the previous session. The Korean won fell against the U.S. dollar.

2021-01-22 17:13

Celebrating KOSPI topping 3,000 mark

Celebrating KOSPI topping 3,000 mark

Korea Financial Investment Association (KOFIA) Chairman Na Jai-chel talks during an online press conference held at the KOFIA headquarters on Yeouido, Thursday. Attributing retail investors' increased participation to the KOSPI breaking the 3,000 mark this year, Na stressed that investment companies will focus on strengthening contactless digital services for local retail inv...

Anna J. Park | 2021-01-22 09:54

'Biden's presidency to offer Korean economy greater chance'

'Biden's presidency to offer Korean economy greater chance'

With Joe Biden sworn in as president Wednesday, the U.S.'s economic policies seem poised to make an about-face from the Trump administration. Pledging to restore global cooperation, Biden re-signed the Paris Climate Accord as one of his actions on day one as president.

Anna J. Park | 2021-01-21 16:58

Seoul stocks hit record high on optimism for Biden presidency

Seoul stocks hit record high on optimism for Biden presidency

South Korea's benchmark stock index hit an all-time high Thursday on strong foreign buying, buoyed by stimulus hopes related to the inauguration of U.S. President Joe Biden. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 46.29 points, or 1.49 percent, to close at 3,160.84 points.

2021-01-21 16:47

HYK condemns promotion of Hanjin's 'water rage' heiress

HYK condemns promotion of Hanjin's 'water rage' heiress

HYK Partners, the activist fund that is Hanjin Transportation's second-largest shareholder with a 9.79 percent stake, has publicly condemned the logistics company's recent decision to appoint Hanjin Group heiress Emily Lee Cho as the subsidiary's vice president.

Park Jae-hyuk | 2021-01-21 16:05

Goldman Sachs considered to be main victim of short-selling ban

Goldman Sachs considered to be main victim of short-selling ban

Goldman Sachs appears to have suffered more from the temporary ban on short-selling on the Seoul bourse than two other top-tier global investment banks - JPMorgan Chase and Morgan Stanley - according to industry officials, Wednesday.

Park Jae-hyuk | 2021-01-20 17:07

Kyobo gains edge in battle with Deloitte

Kyobo gains edge in battle with Deloitte

Kyobo Life Insurance has gained an edge in a months-long legal dispute with Deloitte Anjin, after prosecutors indicted three Deloitte accountants for allegedly colluding with the insurer's financial investors to distort Kyobo's estimated stock price before its initial public offering (IPO).

Lee Min-hyung | 2021-01-20 16:56

IMM hit for flip-flopping on Hanatour's restructuring

IMM hit for flip-flopping on Hanatour's restructuring

IMM Private Equity, a local buyout and growth equity firm, which is also the single largest shareholder in travel agency Hanatour, is facing much criticism over its efforts to quietly restructure the agency ― it is said to have launched large-scale staff reductions.

Kim Yoo-chul | 2021-01-20 16:48

M&A market heating up amid long-lasting virus shock

M&A market heating up amid long-lasting virus shock

The nation's mergers and acquisitions (M&A) market is expected to heat up this year, as the ongoing COVID-19 pandemic continues to affect industries here, leading to major changes in the domestic business landscape.

Lee Min-hyung | 2021-01-19 17:15

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