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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sat, March 25, 2023 | 07:23

Easing 'Korea discount' key to revitalizing stock market: Korea Exchange chief

Easing 'Korea discount' key to revitalizing stock market: Korea Exchange chief

The Korea Exchange (KRX) will place its 2023 policy focus on winning back trust from foreign investors by easing the so-called “Korea discount,” Sohn Byung-doo, chief of the exchange operator, told The Korea Times during a recent interview. The 'Korea discount' is used to describe a lower valuation of local shares than their global counterparts for reasons such as geopolitica...

Lee Min-hyung | 2022-12-31 09:13

BOK sells net $17.54 billion in market-smoothing operations in Q3

BOK sells net $17.54 billion in market-smoothing operations in Q3

The Bank of Korea (BOK) said Friday it sold a net $17.54 billion in the third quarter to help ease the decline of the local currency against the U.S. dollar.The third-quarter dollar selling is the largest since the third quarter of 2019 when the central bank began releasing such data to help boost the transparency of its market operations.

2022-12-30 21:45

Korean stocks set for gradual rebound in 2023

Korean stocks set for gradual rebound in 2023

Korean stocks will be on course for a gradual rebound in 2023 if the economy overcomes major risks posed by a recession and its subsequent shock to the real estate and fundraising markets, the research chiefs of major securities firms said Thursday in a year-end interview. The stock market here extended a losing streak in 2022, hit hardest by freezing investor sentiment amid ...

Lee Min-hyung | 2022-12-30 17:32

KOSPI tumbles 25% in 2022 amid policy tightening, recession worries

KOSPI tumbles 25% in 2022 amid policy tightening, recession worries

South Korean stocks ended the year 2022 sharply down, marking the first annual loss in four years on global monetary tightening and economic recession woes. On Thursday, the last trading session of this year, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,236.40 points, down 1.93 percent from a day earlier.

2022-12-29 21:24

Corporate bond issuances by builders fall to 5-year low

Corporate bond issuances by builders fall to 5-year low

Bonds issued by domestic construction companies fell to the lowest level in five years. According to data compiled by financial information service provider, Yonhap Infomax, Wednesday, cumulative bond issuances by builders stood at only 541 billion won ($426 million) this year.

Anna J. Park | 2022-12-28 16:41

Tesla stock plunge causes sense of despair among Korean investors

Tesla stock plunge causes sense of despair among Korean investors

The steeply plunging stock prices of Tesla have Korean small investors who bet the majority of their fortunes on the global electric vehicle automaker in tears. Tesla fell 11.4 percent on Tuesday, closing at $109.1, on media reports that it plans to reduce output in Shanghai, China.

Yoon Ja-young | 2022-12-28 16:30

Securities firms focus on retail, wealth management amid real estate crisis

Securities firms focus on retail, wealth management amid real estate crisis

Major brokerage houses are moving to strengthen retail finance in the face of falling revenues from their investment banking business, after a Legoland developer's default on debt payments in Gangwon Province heightened liquidity risks in their cash-cow real estate project financing. In their year-end organizational reshuffles, they showed their desire to solidify their retai...

Lee Min-hyung | 2022-12-28 16:10

IPOs on KOSDAQ market hit 20-year high

IPOs on KOSDAQ market hit 20-year high

The number of newcomers on the country's tech-laden KOSDAQ market this year reached the highest ever since 2002, the bourse operator said Wednesday.

2022-12-28 14:56

Corporate direct financing grows in Nov. on expanded rights offering

Corporate direct financing grows in Nov. on expanded rights offering

Corporate direct financing in Korea expanded in November thanks to an increase in rights offering on the stock markets, data showed Wednesday.

2022-12-28 10:10

ESG no longer seems to be priority for corporations amid economic slowdown

ESG no longer seems to be priority for corporations amid economic slowdown

With increased external and internal economic uncertainties, corporations have opted for survival as their top priority over considerations of economic, social and governance factors - ESG principles - in their management strategies. As a result, the weight of ESG bonds issued by corporations aiming to achieve environmental, social or governance improvements with the raised c...

Anna J. Park | 2022-12-27 16:44

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