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Sun, March 29, 2020 | 07:06

Will insurance shares jump on CEO buybacks?

Will insurance shares jump on CEO buybacks?

Many insurance firm CEOs have been buying back large amounts of firm shares over the past few weeks, fanning expectations that the recent nosedive in stock value in a tumbling market will recover sooner than expected, industry data showed Friday.

Lee Kyung-min | 2020-03-27 16:44

Foreigners dump blue chips, buy growth stocks amid turbulence

Foreigners dump blue chips, buy growth stocks amid turbulence

Since the local market crash at the beginning of the month, foreign investors have continued to dump local stocks - so far they have net sold 11.15 trillion won ($9.09 billion). Stocks that they threw away are mostly large-cap ones, such as those in the semiconductor, car and energy sectors, as these are expected to be most exposed to any looming economic recession.

Anna J. Park | 2020-03-27 08:40

Samsung a safe asset in coronavirus-driven downturn?

Samsung a safe asset in coronavirus-driven downturn?

Samsung Electronics is considered by many to be one of the best blue chip stocks in Korea. The stock of the global tech-giant not only accounts for the largest share of the total amount of market capitalization on the Korea Exchange, it has had one of the most solid increase rates over the past decades. Even amid the COVID-19 pandemic spread, while the benchmark KOSPI fell by...

Anna J. Park | 2020-03-26 14:49

Moody's may cut ratings for four regional banks, IBK Securities

Moody's may cut ratings for four regional banks, IBK Securities

Moody's is considering downgrading ratings for four regional banks and IBK Securities, as their credit quality is expected to deteriorate due to the coronavirus-induced economic shock. The banks are Busan, Daegu, Jeju and Kyongnam banks, all of which are the most exposed to a possible global contraction, the credit agency said.

Lee Min-hyung | 2020-03-25 17:03

Massive rescue packages rev up local markets

Massive rescue packages rev up local markets

The Korean stock market went on a two-day long rally until Wednesday, as the introduction of stronger sets of pump-priming measures by the Korean and the U.S. governments strengthened investors' confidence against the coronavirus.

Lee Min-hyung | 2020-03-25 17:02

Korea fails to attract more foreign financial firms

Korea fails to attract more foreign financial firms

The number of foreign financial firms' branches operating in Korea has slightly decreased over the past five years, as firms leaving the country outnumbered those opening new branches here. Although not a significant change, it may come as a big disappointment for the Seoul government which has sought to transform the country into a financial center in Northeast Asia since it...

Anna J. Park | 2020-03-24 10:48

Markets tumble on renewed virus fear

Markets tumble on renewed virus fear

The local currency and stocks plunged once again Monday despite a temporary rebound from the previous trading day on hopes the recent currency swap deal between Korea and the world's largest economy would help the strength of the Korean won. The won lost much of its ground against the U.S. currency, closing at 1,266.5 won per dollar, down 20 won in value from the Friday close.

Lee Min-hyung | 2020-03-23 17:20

Net corporate bond issuance plunges amid virus

Net corporate bond issuance plunges amid virus

The net issuance of corporate bonds plunged in March as a growing number of firms fail to find buyers amid the market turbulence caused by the COVID-19 outbreak, data showed Sunday.

Lee Kyung-min | 2020-03-22 16:26

Dollar shortage, foreign selloffs baffle Korea

Hanwha Life's stock nosedives amid zero-range rates

Hanwha Life's stock nosedives amid zero-range rates

Hanwha Life's stock continues to record all-time lows amid negative expectations on profit earnings and unfavorable conditions like zero-range interest rates. The share price continued its losing streak for the 11th straight day Thursday, finishing at 917 won ($0.72). Just this year alone, the life insurance company's stock price fell by 59.9 percent from 2,290 won on Jan. 2 ...

Anna J. Park | 2020-03-22 15:59

Seoul stocks set for mild rebound next week

South Korean stocks are expected to rebound next week on the back of monetary easing programs around the globe, although investors are still fretting over the spread of the new coronavirus, analysts said Saturday.

2020-03-21 13:05

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