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Finance

Tue, April 13, 2021 | 19:28

SKT's spin-off plan boosts stock price

Ahead of SK Group's restructuring plan expected to be announced later this week, the stock price of SK Telecom (SKT) - Korea's largest mobile operator - soared 6.01 percent Tuesday to set a 52-week record after closing trading at 300,000 won ($266.4).

Anna J. Park | 2021-04-13 16:59

K bank cuts interest rates amid crypto-backed capital inflow

K bank, one of the major digital-only lenders here, is moving to cut deposit interest rates amid a surging deposit balance, as cryptocurrency investors place a massive amount of capital in the lender's accounts.

Lee Min-hyung | 2021-04-13 16:36

Mirae Asset to reap handsome profits from Didi Chuxing, Grab IPOs

Mirae Asset Securities is expected to make handsome profits from its pre-IPO investments in Chinese vehicle-for-hire giant Didi Chuxing and Southeast Asian ride-hailing and food delivery giant Grab, as both companies are expected to go public in the U.S. in the coming months.

Anna J. Park | 2021-04-13 16:32

Watchdog in dilemma over household debt regulation

Financial watchdogs are faced with a growing dilemma over whether to keep tightening household loan regulations, amid concerns that introducing new lending rules particularly on mortgages will end up causing residential property prices to keep soaring.

Lee Min-hyung | 2021-04-13 16:31

Cryptocurrencies: $2-trillion market

The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street. As digital currency exchange Coinbase prepares to list Tuesday in New York, AFP takes a look at a sector built from scratch just 12 years ago.

2021-04-13 14:56

Household lottery spending gains 7.2% in 2020

South Korean households' spending on lottery tickets rose more than 7 percent in 2020 despite a record fall in their overall consumption, government data showed Tuesday. Local households spent a monthly average of 590 won (US$0.52) on lottery tickets last year, up 7.2 percent from a year earlier, according to the data from the Korean Statistical Information Service (KOSIS).

2021-04-13 09:37

Financial big data-focused COOCON to go public later this month

COOCON, the country's top financial big data provider, is set to make its IPO debut on the tech-heavy KOSDAQ later this month, aiming to grow into a major global player of the big data platform business.

Anna J. Park | 2021-04-12 16:55

LocknLock union may thwart Affinity's exit plan

The LocknLock union formed earlier this month has emerged as a major stumbling block to Affinity Equity ...

Park Jae-hyuk | 2021-04-12 15:25

Concerns growing over deepening social divide amid pandemic

The COVID-19 pandemic has dealt a blow to the economy and businesses, causing a stark divide among individuals, companies and industries - the rich and poor, large and small companies, and IT and non-IT industries. The coronavirus crisis has hit the poor and smaller players harder than the rest of society, making the so-called “corona divide” more and more pronounced with the...

Yi Whan-woo | 2021-04-12 11:13

Exports grow 24.8% in first 10 days of April

South Korea's exports rose 24.8 percent on-year in the first 10 days of April as shipments of chips and autos remained robust amid an economic recovery from the pandemic, customs data showed Monday. The country's outbound shipments stood at US$15 billion in the April 1-10 period, compared with $12 billion a year earlier, according to the data from the Korea Customs Service.

2021-04-12 09:49

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