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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, March 21, 2023 | 20:44

Stock market posts biggest daily fall this year amid SVB fallout

Stock market posts biggest daily fall this year amid SVB fallout

The main index KOSPI slid below 2,400 points in Tuesday's session, as foreign investors dumped local stocks on pessimistic outlooks amid concern over the collapse of Silicon Valley Bank (SVB) late last week.

Anna J. Park | 2023-03-14 16:44

[Contribution] Korea's booming data center market

ContributionKorea's booming data center market

South Korea is regarded globally as one of the most digitally advanced economies: Korea launched the world's first commercial 5G network. The country is known for having the fastest internet speeds as well as the highest internet penetration, with more than 97.5 percent of the population regularly accessing the internet, and it is the leader in semiconductors and smartphones.

2023-03-13 15:35

Kakao to take over SM as HYBE bows out

Kakao to take over SM as HYBE bows out

The fierce battle between Kakao and HYBE over the management rights of SM Entertainment ended Sunday with HYBE giving up on its quest for its acquisition of SM. The mutual decision was reached three days after the two competing companies had entered talks on Friday to solve the issue of who would take over SM's management rights.

Anna J. Park | 2023-03-12 16:29

Korean stocks still vulnerable to Fed's future policy tightening

Korean stocks still vulnerable to Fed's future policy tightening

The Korean stock market is expected to display increased volatility until the U.S. Federal Reserve's upcoming rate-setting meeting slated for two days from March 21, according to market analysts Friday. The outlook comes as the benchmark KOSPI fell below the psychologically-important 2,400-point level after foreign and institutional investors went on a selling spree. The won ...

Lee Min-hyung | 2023-03-10 16:51

Kakao shareholders frustrated by protracted battle over SM

Kakao shareholders frustrated by protracted battle over SM

Shareholders of Kakao are expressing frustration after the internet company launched a tender offer earlier this week aiming to purchase a 35 percent stake in SM Entertainment. Investors are questioning whether taking over SM's management rights will help boost Kakao's plunging stock price.

Lee Yeon-woo | 2023-03-09 16:45

[Contribution] Investors advised to have all-weather portfolio amid market volatility

ContributionInvestors advised to have all-weather portfolio amid market volatility

Risk assets, including global equities, had a great start in the first month of this year, only to lose some luster when the market reset expectations about a potential pivot in the U.S. Federal Reserve's rate hiking cycle after a series of strong U.S. economic data.

2023-03-09 08:26

Fed policy puts Korea under pressure to hike rate again

Fed policy puts Korea under pressure to hike rate again

The Bank of Korea (BOK) has come under increasing pressure to hike the key rate again by 25 basis points next month, in a move to ease market turbulence amid the U.S. Federal Reserve's unwavering hawkish bias. After Fed Chair Jerome Powell sent unexpectedly aggressive signals for additional rate hikes overnight, the outlook for the BOK taking another baby step has gotten clea...

Lee Min-hyung | 2023-03-08 16:46

Fed still up in the air on whether to accelerate rate hikes: Powell

HYBE considers new tender offer on SM to block Kakao

HYBE considers new tender offer on SM to block Kakao

Kakao's plan to counterattack HYBE by launching its own tender offer to purchase a 35 percent stake in SM Entertainment has met a major challenge. The stock price of SM on Wednesday soared well above 150,000 won ($113) per share, which Kakao promised to pay during its tender offer ending March 26.

Anna J. Park | 2023-03-08 16:24

Foreign investors turn to JYP amid intensifying battle over SM

Foreign investors turn to JYP amid intensifying battle over SM

Foreign investors turn to JYP amid intensifying battle over SM

Foreign investors are focusing their attention on JYP Entertainment while Korean investors are turning their eyes to SM Entertainment's skyrocketing stocks amid an intensifying battle between Kakao and HYBE over its management rights.

Lee Yeon-woo | 2023-03-08 15:50

HYBE considers new tender offer on SM to block Kakao

Kakao launches tender offer to win controlling stake in SM Entertainment

Kakao launches tender offer to win controlling stake in SM Entertainment

Kakao has launched its own tender offer Tuesday, aiming to acquire an additional 35 percent stake in SM Entertainment. It is a major counterattack move by the big tech against HYBE, following HYBE's failure to acquire its targeted stake of SM through its tender offer that ended at the end of last month.

Anna J. Park | 2023-03-07 16:12

Where are singers and fans in SM's management dispute?

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