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Thu, October 5, 2023 | 08:33

[Contribution] What G2 growth divergence means for Korea

ContributionWhat G2 growth divergence means for Korea

Despite concerns about a property-driven downturn in growth in China, Korean exports are likely to improve thanks to a manufacturing recovery in both the U.S. and China. In the medium term, Korean trade is likely to be influenced greatly by the U.S.

2023-09-10 13:24

Seoul shares down for 4th day on tech losses, rate woes

Seoul shares down for 4th day on tech losses, rate woes

Seoul shares ended lower Friday following tech losses on Wall Street amid concerns over China's ban on Apple Inc.'s use by government officials and the Federal Reserve's possible rate hikes. The Korean won rose against the U.S. dollar.

2023-09-08 20:15

Foreigners turn net sellers of Korean stocks in August

Foreigners turn net sellers of Korean stocks in August

Foreign investors dumped nearly 1.18 trillion won ($883.6 million) worth of Korean stocks in August, turning net sellers in the month, data showed Friday.

2023-09-08 09:29

FSS asks foreign securities firms to strengthen efforts to prevent illegal stock short selling

FSS asks foreign securities firms to strengthen efforts to prevent illegal stock short selling

Korea's financial regulator on Thursday asked foreign securities firms to beef up efforts to prevent illegal stock short selling amid an increase in such cases.

2023-09-07 15:00

Korea issues FX stabilization bonds worth $473.5 mil.

Korea issues FX stabilization bonds worth $473.5 mil.

Korea's finance ministry said Thursday it has issued yen-denominated foreign exchange stabilization bonds worth 70 billion yen ($473.5 million).

2023-09-07 11:05

YouTuber appointed as FSS financial education ambassador

YouTuber appointed as FSS financial education ambassador

YouTuber Syuka, who has 2.78 million followers on his economy-focused YouTube channel, “syukaworld,” stands next to Financial Supervisory Service (FSS) Governor Lee Bok-hyun at the headquarters of FSS in Seoul, Wednesday. Syuka, whose real name is Jeon Seok-jae, used be a proprietary trader at eBest Investment and a fund manager at Samsung Asset Management, before becoming a ...

Anna J. Park | 2023-09-06 16:41

Seoul shares up for 2nd day amid growing Fed rate pause outlook

Seoul shares up for 2nd day amid growing Fed rate pause outlook

Korean stocks closed higher for the second consecutive session Monday on growing optimism the U.S. Federal Reserve will pause the interest rate hike in the next month's policy meeting after key unemployment data showed a cooling economy. The local currency fell against the U.S. dollar.

2023-09-04 21:33

Public subscription of shares regains vigor

Public subscription of shares regains vigor

More companies are opening public subscription of shares ahead of their planned initial public offerings (IPOs), as corporate demand for fundraising grows faster amid long-lasting macroeconomic uncertainties here and abroad. According to the Korea Exchange, a group of around 10 companies are scheduled to jump into pre-IPO procedures in September. The number exceeds the averag...

Lee Min-hyung | 2023-09-04 16:50

Korea's cybersecurity market increases nearly 17% in 2022

Korea's cybersecurity market increases nearly 17% in 2022

Korea's information security market expanded nearly 17 percent last year from a year earlier thanks to sharp growth in cloud and network security services, government data showed Monday.

2023-09-04 15:49

Korea's exports of lipsticks set to hit new record in 2023

Korea's exports of lipsticks set to hit new record in 2023

Korea's exports of lipsticks are anticipated to hit a new record in 2023, the customs agency said Monday, on the back of increasing demand as people have taken off masks around the globe.

2023-09-04 10:54

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