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Finance

Sat, January 23, 2021 | 07:20

Agricultural, food ETFs enjoy rally

Agricultural, food ETFs enjoy rally

Grain produce and agricultural-related exchange traded funds (ETFs) rally as global investors shift focus to commodities.

Anna J. Park | 2021-01-22 17:23

Financial group leaders and ruling party meet to discuss Korea New Deal

Financial group leaders and ruling party meet to discuss Korea New Deal

While expressing support for the government's five-year Korea New Deal initiative, major financial groups in Korea have urged the ruling party to deregulate the country's financial market.

Anna J. Park | 2021-01-22 17:22

Seoul stocks snap 3-day winning streak on valuation pressure

Seoul stocks snap 3-day winning streak on valuation pressure

Korea's stock exchange ended its three-day winning streak Friday on valuation pressure after hitting another new high the previous session. The Korean won fell against the U.S. dollar.

2021-01-22 17:13

[INTERVIEW] Korea urged to brace for side effects of 'Bidenomics'

[INTERVIEW] Korea urged to brace for side effects of 'Bidenomics'

A noted economist here has warned against adopting a blind optimism about the possible influence of the Joe Biden administration's policies on the Korean economy, amid a rosy outlook for recovery from the global economic downturn resulting from the COVID-19 pandemic. Institute for Global Economics (IGE) Chairman Jun Kwang-woo, who previously served as the first chairman of th...

Park Jae-hyuk | 2021-01-22 17:01

Celebrating KOSPI topping 3,000 mark

Celebrating KOSPI topping 3,000 mark

Korea Financial Investment Association (KOFIA) Chairman Na Jai-chel talks during an online press conference held at the KOFIA headquarters on Yeouido, Thursday. Attributing retail investors' increased participation to the KOSPI breaking the 3,000 mark this year, Na stressed that investment companies will focus on strengthening contactless digital services for local retail inv...

Anna J. Park | 2021-01-22 09:54

'Biden's presidency to offer Korean economy greater chance'

'Biden's presidency to offer Korean economy greater chance'

With Joe Biden sworn in as president Wednesday, the U.S.'s economic policies seem poised to make an about-face from the Trump administration. Pledging to restore global cooperation, Biden re-signed the Paris Climate Accord as one of his actions on day one as president.

Anna J. Park | 2021-01-21 16:58

Seoul stocks hit record high on optimism for Biden presidency

Seoul stocks hit record high on optimism for Biden presidency

South Korea's benchmark stock index hit an all-time high Thursday on strong foreign buying, buoyed by stimulus hopes related to the inauguration of U.S. President Joe Biden. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 46.29 points, or 1.49 percent, to close at 3,160.84 points.

2021-01-21 16:47

Dollar expected to lose ground under Biden presidency

Dollar expected to lose ground under Biden presidency

The inauguration of U.S. President Joe Biden will induce changes in Korea's currency market and the central bank's low interest rate stance, but the level of changes will depend on how fast the coronavirus spread subsides here and abroad throughout 2021, market experts said Thursday.

Lee Min-hyung | 2021-01-21 16:29

Shinhan kicks off big digital project worth W300 bil.

Shinhan kicks off big digital project worth W300 bil.

Shinhan Bank said Thursday it has started on a “grand journey” for what it calls the NEXT digital banking project with an investment of 300 billion won ($272 million).

Lee Min-hyung | 2021-01-21 16:29

HYK condemns promotion of Hanjin's 'water rage' heiress

HYK condemns promotion of Hanjin's 'water rage' heiress

HYK Partners, the activist fund that is Hanjin Transportation's second-largest shareholder with a 9.79 percent stake, has publicly condemned the logistics company's recent decision to appoint Hanjin Group heiress Emily Lee Cho as the subsidiary's vice president.

Park Jae-hyuk | 2021-01-21 16:05

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