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Finance

Thu, November 26, 2020 | 18:25

Samsung Electronics' stock gets bullish with strengthened won

Samsung Electronics' stock gets bullish with strengthened won

Samsung Electronics' stock price has been on a strong upward trend this month, after foreign investors turned to net buying. As of Wednesday, the company's share price has increased by 12.8 percent this month alone, reaching a new record high of 66,300 won on Nov. 16. With the strong gains, Samsung Electronics' market cap reached 386.84 trillion won, Wednesday.

Anna J. Park | 2020-11-18 09:42

Big companies' investments gain 10% despite weaker sales

Big companies' investments gain 10% despite weaker sales

Capital spending by large South Korean firms rose more than 10 percent in the first nine months of the year despite lower sales due to the coronavirus pandemic, data showed Wednesday. Combined investments by 362 big businesses in Asia's fourth-largest economy came to 63.2 trillion won (US$57.1 billion) in the January-September period, up 10.3 percent from a year earlier, acco...

2020-11-18 09:30

Is Macquarie downsizing Korean operation?

Is Macquarie downsizing Korean operation?

Macquarie Group has been mentioned as the latest example of foreign financial companies taking steps to downsize their operations in the Korean market.

Park Jae-hyuk | 2020-11-17 16:29

Korean Air-Asiana integration draws backlash

Korean Air-Asiana integration draws backlash

A high-profile aviation deal between Korean Air and Asiana Airlines is facing a continuing strong backlash from a coalition of the former's shareholders who argue the decision is aimed at defending the managerial rights of Cho Won-tae, the chairman of Hanjin Group, the airline's parent corporation.

Lee Min-hyung | 2020-11-17 16:16

Maximum interest rate cut to deal blow to savings banks

Maximum interest rate cut to deal blow to savings banks

Local savings banks are set to bear the brunt of the government's decision, Monday, to lower the maximum interest rate to 20 percent from 24 percent.

Kim Bo-eun | 2020-11-16 17:09

Asiana Airlines stock hit daily limit over possible takeover by Korean Air

Asiana Airlines stock hit daily limit over possible takeover by Korean Air

With the Korea Development Bank's rather controversial guidance to move forward with its plan for Korean Air's takeover of Asiana Airlines, stocks of Korean Air, Asiana Airlines and Hanjin KAL all remained bullish throughout the day, ending at Monday's closing with a rise of 12.53 percent, 29.84 percent and 5.66 percent, respectively.

Anna J. Park | 2020-11-16 17:04

Korea Development Bank to inject W800 bil. for Korean Air's takeover of Asiana

[NEWS ANALYSIS] 'RCEP could be a boon to export-reliant Korea'

[NEWS ANALYSIS] 'RCEP could be a boon to export-reliant Korea'

The newly signed Regional Comprehensive Economic Partnership (RCEP), a tariff-removing trade agreement among 15 countries, will provide an impetus for the much-awaited economic recovery for export-reliant Korea, experts said Monday.

Lee Kyung-min | 2020-11-16 16:37

Korea forced to walk fine line between RCEP and CPTPP

IMM faces greater dilemma over cash-strapped Hanatour

IMM faces greater dilemma over cash-strapped Hanatour

Hanatour Service is becoming a bigger headache to its largest shareholder IMM Private Equity.

Park Jae-hyuk | 2020-11-16 16:33

Korea Development Bank to inject W800 bil. for Korean Air's takeover of Asiana

Korea Development Bank to inject W800 bil. for Korean Air's takeover of Asiana

The Korea Development Bank (KDB) will invest 800 billion won ($721.3 million) to help Korean Air acquire Asiana Airlines, despite fierce opposition from a coalition of shareholders in the country's largest domestic airline - led by former Vice President Cho Hyun-ah. The state-run lender and main creditor of the cash-strapped Asiana also vowed Monday to finalize the investment...

Lee Min-hyung | 2020-11-16 16:16

Asiana Airlines stock hit daily limit over possible takeover by Korean Air

Big Hit Entertainment Q3 net nearly doubles on album sales

Big Hit Entertainment Q3 net nearly doubles on album sales

Big Hit Entertainment Co., the management agency behind global boy band BTS, said Monday its net profit rose 92 percent from the previous year on the back of strong album and merchandise sales. Net profit stood at 27.2 billion won (US$24.4 million) in the July-September, compared with 14.2 billion won the previous year, the company said in a regulatory filing.

2020-11-16 10:57

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