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Finance

Sat, May 15, 2021 | 12:07

Yogiyo sale deal loses luster

Ahead of the imminent selection of a preferred bidder for Yogiyo, attention is now on who will take over Korea's second-largest food delivery application. However, it is said that none of the participating bidders seem to show strong interest in purchasing the company, the sale of which will be managed by Morgan Stanley.

Anna J. Park | 2021-05-03 16:56

Stock indices fall on short-selling resumption

Stock prices on the KOSPI 200 and Kosdaq 150 are displayed on an electronic board set up at Yonhap Infomax, a financial arm of Yonhap News Agency, in Seoul, Monday, when the Financial Services Commission lifted a ban on short-selling of shares. The KOSPI 200 closed at 420.36 points, down 0.47 percent from the previous trading day, and the Kosdaq 150 closed at 1,361.61, down 3...

Lee Min-hyung | 2021-05-03 16:37

Bio, battery stocks plunge on short-selling resumption

The partial resumption of the short-selling of shares on the local stock market Monday did not cause much confusion, even though some in the overvalued sectors, such as biotechnology and electric vehicle batteries, plunged.

Lee Min-hyung | 2021-05-03 16:32

Over half agree to taxing income from crypto investments

More than half of all Koreans agree that investment income from cryptocurrency should be taxed, according to a local poll, Monday.

Lee Kyung-min | 2021-05-03 16:21

KakaoPay's plan to set up digital insurer facing setback

KakaoPay is facing difficulties achieving its grand goal of launching an internet-only insurance company in the second half of the year, raising concerns that this could possibly have a negative impact on its planned initial public offering (IPO).

Park Jae-hyuk | 2021-05-03 15:25

Majority of Koreans support taxing gains from cryptocurrencies: poll

More than half of South Koreans support taxing capital gains from the trading of cryptocurrencies, a poll showed Monday. The government plans to impose taxes on gains from investment in virtual assets starting next year. A poll by Realmeter showed 53.7 percent of respondents back the plan while 38.3 percent are opposed. The survey, commissioned by the news channel YTN, was co...

2021-05-03 10:03

VIG Partners mulling investment in K bank

VIG Partners, a Seoul-based private equity firm, is reportedly considering between 70 billion won ($62.6 million) and 100 billion won in equity financing for Korea's internet-only bank, K bank, according to industry sources, Sunday.

Lee Kyung-min | 2021-05-02 17:01

Partial lifting of short-selling ban to affect bio stocks

With the country set to resume some forms of short-selling after a 14-month ban, investors and stock market analysts said biotechnology stocks could be affected by the resumption.

Lee Min-hyung | 2021-05-02 16:21

Lack of rules on cryptocurrency confuses market participants

Commercial lenders and cryptocurrency exchange operators remained confused Sunday over an unclear set of revisions that require the former to essentially oversee the latter following a passage of a related law governing digital coins.

Lee Kyung-min | 2021-05-02 15:47

Retail investors' stock ownership in Samsung Electronics surpasses 10%

Retail investors' stock ownership in Samsung Electronics, Korea's most valuable company, surpassed 10 percent for the first time as they went bargain hunting for its shares amid the COVID-19 pandemic last year, industry data showed Sunday.

2021-05-02 10:45

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