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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

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Fri, March 24, 2023 | 06:45

Financial stocks lose luster amid watchdog's repeated warnings

Financial stocks lose luster amid watchdog's repeated warnings

Financial stocks are rapidly losing luster here, as foreign investors dump large-cap bank shares en masse amid heightened regulatory uncertainties. Major bank shares _ including KB, Shinhan, Hana and Woori _ extended gains until mid-January on their rosy earnings outlooks and the bullish KOSPI. But the momentum slowed over the past month as the government and financial author...

Lee Min-hyung | 2023-02-20 16:12

[ANALYSIS] Valuation mismatch hits Korea's e-grocery industry

ANALYSISValuation mismatch hits Korea's e-grocery industry

In the world of finance, a business valuation is the process of calculating the total economic value of a company and its assets, which helps determine the worth of an organization. Since a unicorn or startup's initial public offering (IPO) is aimed primarily at raising money, its prospective shares should be valued fairly.

Kim Yoo-chul | 2023-02-20 10:25

Wall Street closes another bumpy week with a mixed finish

Wall Street closes another bumpy week with a mixed finish

Wall Street closed another bumpy week with a mixed performance Friday amid worries that inflation is not cooling as quickly or as smoothly as hoped.

2023-02-18 10:28

Won-dollar rate soars on growing fears of prolonged US monetary tightening

Won-dollar rate soars on growing fears of prolonged US monetary tightening

The won-dollar exchange rate exceeded the 1,300 won mark during Friday's trading session amid growing fears over some U.S. Federal Reserve officials' hawkish remarks that a 50-basis-point increase would be needed in next month's FOMC meeting. With the longer-than-expected global monetary tightening factoring in the trading session, the won-dollar exchange rate was at 1,291.9 ...

Anna J. Park | 2023-02-17 16:55

Seoul shares fall nearly 1% amid rate woes

Seoul shares fall nearly 1% amid rate woes

Seoul shares finished lower Friday on concerns over further rate hikes by the U.S. Federal Reserve following hotter-than-expected U.S. inflation data. The Korean won sharply fell against the U.S. dollar.

2023-02-17 16:37

Seoul shares spike nearly 2% amid rate hike woes

Seoul shares spike nearly 2% amid rate hike woes

Seoul stocks soared by nearly 2 percent Thursday, boosted by gains in large-cap tech and auto stocks amid concerns over the Federal Reserve's further rate hikes. The Korean won fell against the U.S. dollar.

2023-02-16 17:15

Local biz leaders to make proactive investment despite negative outlook for this year: EY Korea survey

Local biz leaders to make proactive investment despite negative outlook for this year: EY Korea survey

Local business leaders remain spirited as they plan to expand into new business areas in preparation for the future that will come after the current recession era, despite their overwhelming negative outlooks on the economic prospect for this year. According to a survey by EY Korea conducted on 407 high-ranking business leaders of local companies, six out of 10 respondents sa...

Anna J. Park | 2023-02-16 16:30

ChatGPT-themed stocks report triple-digit growth on Kosdaq

ChatGPT-themed stocks report triple-digit growth on Kosdaq

Stocks related to ChatGPT are displaying triple-digit growth on the secondary Kosdaq market due to the global sensation of the artificial intelligence (AI) chatbot. According to data from the Korea Exchange, shares of Konan Technology topped the list in terms of stock price growth on the tech-savvy stock market here. The stock price of the AI-powered text analysis solutions p...

Lee Min-hyung | 2023-02-16 15:58

ChatGPT fever prompts Korean firms to seek profits from AI services

Securities firms' interest adjustments draw customers' ire

Securities firms' interest adjustments draw customers' ire

Securities firms have generated what customers consider “unfair” interest revenues by reducing returns to asset management accounts and increasing interest rates for credit transaction loans, data showed Thursday. According to the industry, major brokerage houses - such as KB Securities, NH Investment & Securities and Samsung Securities - cut the interest rate for customers' ...

Lee Min-hyung | 2023-02-16 15:48

Korean markets expected to shrug off US inflation woes

Korean markets expected to shrug off US inflation woes

Korea's financial markets have grown increasingly less sensitive to prolonged inflation woes in the United States, as major large-cap companies in semiconductors and automobiles are forecast to gradually enhance their earnings fundamentals through recovering exports, analysts said.The analysis contrasts with the volatile market sentiment prevalent last year when local stocks ...

Lee Min-hyung | 2023-02-15 16:55

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