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Finance

Fri, May 14, 2021 | 21:44

SKIET makes disappointing debut on main bourse

Despite an unprecedented investment frenzy ahead of the initial public offering of SK IE Technology (SKIET), the stock ended at 154,500 won ($137), Tuesday, the first day of the much-anticipated IPO, down 26.43 percent from 210,000 won at the opening bell.

Anna J. Park | 2021-05-11 16:41

[Reporter's Notebook] Financial regulator should launch crypto-control tower

The Financial Services Commission (FSC) is facing mounting calls to become the new control tower mapping out cryptocurrency policies to watch over a surge in digital asset transactions here. The Ministry of Economy and Finance and the FSC are engaged in a war of nerves trying to pass the buck onto each other, as neither side wants to “take risks” by assuming responsibility fo...

Lee Min-hyung | 2021-05-11 15:38

Moody's raises Mirae Asset's credit outlook

Moody's has upgraded Mirae Asset Securities' credit rating outlook to stable from negative due to expectations of the firm's improved risk management and funding capabilities.

Lee Min-hyung | 2021-05-11 11:46

Rising interest rates set to deal blow to Korean households

Reflecting global markets' expectations for a rise in interest rates in the near future, Korean banks have continued to increase their rates on credit (non-secured) loans and mortgages, despite the Bank of Korea keeping its key interest rate frozen at 0.5 percent for over a year.

Anna J. Park | 2021-05-10 17:04

President vows to focus on overcoming economic inequality

President Moon Jae-in vowed Monday that he will try his best to alleviate virus-induced economic inequality during his remaining year in office.

Lee Min-hyung | 2021-05-10 16:46

Moon urges North Korea to return to negotiation table

US employment shock boosting Korean stocks

The South Korean stock market is set to continue its strong moves as far weaker-than-expected U.S. job growth data could overshadow debate over interest rates. The local stock market, the bourse of which is moving in tandem with U.S. equity markets, is worried about recent remarks by U.S. Treasury Secretary Janet Yellen as she said a rate hike may be needed to stop the world'...

Kim Yoo-chul | 2021-05-10 16:29

Seoul stocks at all-time high

South Korea's stock market closed at an all-time high Monday as weaker-than-expected U.S. jobs data quelled concerns over the rollback of easing monetary policy and other stimulus measures. The Korean won rose against the U.S. dollar.

2021-05-10 16:28

Dogecoin loses third of price after Musk calls it 'hustle' on 'SNL'

Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live" comedy sketch TV show.

2021-05-10 11:08

SpaceX accepts dogecoin as payment to launch lunar mission next year

Naver, KB Card successfully issue foreign currency ESG bonds

Naver has recently issued an additional $300 million in foreign currency ESG-themed bonds, following the its previous issuance of $500 million in foreign currency debt in March.

Anna J. Park | 2021-05-10 09:16

Citibank attempts to prevent customer exodus

After Citigroup announced last month it will cease consumer banking operations in more than a dozen countries around the world including Korea, Citibank Korea has been focusing on attracting new customers as well as retaining existing ones, hoping to prevent them from jumping ship due to uncertainties created by the possible sale of the bank in the near future.

Anna J. Park | 2021-05-09 17:35

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