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Finance

Sun, September 26, 2021 | 02:44

Seoul stocks rebound ahead of Chuseok holiday

Korean stocks closed higher Friday ahead of a three-day holiday as investors weighed the pace of the economic recovery from the pandemic. The Korean won fell against the U.S. dollar.

2021-09-17 19:44

Hyundai Heavy Industries takes top market cap position among shipbuilders

The debut of Hyundai Heavy Industries on the KOSPI was quite a roller coaster ride. The initial price of the newly offered shares hit 111,000 won ($94.32) at the beginning of the trading session, 85 percent higher than the stock allotment offering price of 60,000 won. After trading started at 111,000 won at 9 a.m., the price nosedived to 91,000 won, an 18 percent fall, after ...

Anna J. Park | 2021-09-17 16:44

Indefinite delay in Kakao Mobility IPO concerns TPG, Carlyle

Kakao Mobility has indefinitely delayed the selection of an underwriter for its listing on the benchmark KOSPI market next year, fueling expectations that TPG, Carlyle and other global investors may not be able to earn as much as they wanted from their investments in the Korean firm.

2021-09-17 16:15

Watchdog to continue legal battle with Woori chair

The Financial Supervisory Service (FSS) has decided to appeal the Seoul Administrative Court's Aug. 27 ruling ordering the watchdog to revoke the heavy sanctions it had placed last year on Woori Financial Group Chairman Son Tae-seung.

2021-09-17 12:39

Compensation to pandemic-hit merchants to begin in late October.: official

South Korea plans to start to compensate pandemic-hit small merchants from late October for their losses incurred by anti-virus restrictions, a senior government official said Friday.

2021-09-17 11:52

Uncertainty lingers over private spending recovery: ministry

The South Korean economy is facing continued uncertainty about the recovery of domestic demand as the latest resurgence in COVID-19 cases is denting person-to-person service sectors, the finance ministry said Friday.

2021-09-17 10:44

Banks expand retail, digital ties while cutting costs on conventional operations

Korean banks are seeking fresh revenue sources by partnering with retail and IT firms, as part of their all-out digital transformation strategy.

2021-09-17 09:01

Concerns about Samsung SDI spin-off lead to Thursday's price drop

Samsung SDI's stock price fell by 3.33 percent on Thursday, reflecting the market's concerns over the possible spin-off of the firm's lucrative battery business unit.

Anna J. Park | 2021-09-16 16:48

[ANALYSIS] Gov't loan forbearance to burden incoming administration next year

Concerns are mounting that the recent government decision to extend forbearance, whereby small businesses, self-employed and low-income earners are able to pause principal and interest payments on their loans for a designated period of time, will pose a major threat to the country's fiscal soundness for the incoming administration.

2021-09-16 16:32

Financial authorities virtually acquit HLB of unfair trading

The Securities and Futures Commission (SFC), a sub-commission within the Financial Services Commission (FSC), eventually rejected a request from the Financial Supervisory Service (FSS) to ask the prosecution to indict biopharmaceutical company HLB over an unfair transaction.

2021-09-16 16:10

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