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Finance

Markets

Sun, November 1, 2020 | 08:01

Is economic recovery in the making?

Is economic recovery in the making?

Despite ongoing market uncertainty, recent statistics show that the Korean economy saw a slow rebound during the third quarter of the year.

Anna J. Park | 2020-10-30 17:08

Seoul stocks sink over 2.5% on massive foreign sell-offs

Seoul stocks sink over 2.5% on massive foreign sell-offs

South Korean shares plunged more than 2.5 percent Friday, as major tech giants suffered a slump from massive foreign sell-offs. The Korean won fell against the U.S. dollar.

2020-10-30 17:05

Korea seeks to hold 2026 ITS World Congress in Gangneung

Korea seeks to hold 2026 ITS World Congress in Gangneung

The Ministry of Land, Infrastructure and Transport held an international conference online Thursday, as part of efforts to help Gangneung, Gangwon Province, become the venue for the 2026 Intelligent Transport System (ITS) World Congress.

Lee Kyung-min | 2020-10-29 16:39

KRX scrutinizes market makers' short selling practices

KRX scrutinizes market makers' short selling practices

The nation's bourse operator Korea Exchange (KRX) is currently overhauling market makers' internal monitoring and controls, particularly with regard to their short-selling practices. Market makers are financial companies that the KRX designated as providing ample liquidity to stock markets, as they buy and sell stocks on a regular basis.

Anna J. Park | 2020-10-28 17:22

State pension fund to vote against LG Chem's spin-off plan

State pension fund to vote against LG Chem's spin-off plan

Korea's National Pension Service (NPS) decided Tuesday to oppose LG Chem Ltd.'s plan to spin off its battery business at a shareholders' meeting later this week.

2020-10-27 20:20

US election becomes inflection point for LG-SK battery feud

Doubts rise over TPG's investments in Kakao

Doubts rise over TPG's investments in Kakao

TPG Capital will bet big on another Kakao subsidiary, Kakao Bank, following its earlier significant investment in Kakao Mobility three years ago to capitalize on the country's ongoing initial public offering (IPO) craze.

Park Jae-hyuk | 2020-10-27 16:57

How will Samsung affiliates' stock prices move?

How will Samsung affiliates' stock prices move?

As late Samsung Chairman Lee Kun-hee - formerly the richest person in Korea in terms of stock ownership - left behind 18.2 trillion won ($16.1 billion) worth of shares in various Samsung affiliates, the market's attention is focused on what will happen to stock prices of the global conglomerate's affiliates.

Anna J. Park | 2020-10-26 17:40

Two 'manageable tasks' facing Samsung leader Lee Jae-yong

Non-Koreans joining panic-driven apartment buying spree

Non-Koreans joining panic-driven apartment buying spree

The number of property transactions involving non-Koreans in two districts in Seoul known for having a large Chinese population hit an all-time high in September, indicating the panic-driven apartment buying spree is expanding to include wealthy minorities.

Lee Kyung-min | 2020-10-26 17:07

Big Hit Entertainment on slide to new low after stock market debut

Big Hit Entertainment on slide to new low after stock market debut

Shares in Big Hit Entertainment, the management label behind K-pop phenomenon BTS, continued to sink Monday, reaching a new low since the company's market debut earlier this month, as investors question its proper valuation. As of 2:13 p.m., Big Hit shares slumped 7.83 percent from the previous session's close to 159,000 won (US$140), the lowest since its market debut earlier...

2020-10-26 14:47

Lee leaves behind 18.2 tril. won worth of Samsung stocks

Lee leaves behind 18.2 tril. won worth of Samsung stocks

Having long been the richest person in Korea based on his equities of the family-controlled global conglomerate, the late Samsung Chairman Lee Kun-hee left behind about 18.2 trillion won ($16.1 billion) worth of shares as he passed away.

Anna J. Park | 2020-10-25 17:08

Samsung Electronics Chairman Lee Kun-hee dies at 78

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