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Thu, July 7, 2022 | 16:56

Securities firms feared to become target as watchdog launches special inspection team

A special investigative body launched by Korea's financial watchdog is straining securities firms on fears that they may become a target of the new inspection team. According to the Financial Services Commission (FSC), its newly-launched Special Judicial Police started its operation on Thursday to step up an investigation into any illegal acts in the local capital market. The...

Lee Min-hyung | 2022-04-01 09:00

Why is Russia's invasion of Ukraine causing rough diamond prices to soar?

Prices of diamonds have been rising steeply recently amid continuing geopolitical uncertainty surrounding Russia's invasion of Ukraine. Lesser known in Korea is that Russia is one of the key global producers of the precious stone.

Anna J. Park | 2022-04-01 09:00

Middle-aged people jumping into crypto investment

Cryptocurrency investment is catching the attention of middle-aged people, with those in their 40s holding the largest amount of assets in their accounts among those at Korea's top five cryptocurrency exchanges, data shows. According to data from the Financial Supervisory Service (FSS), 40-something investors' account balances reached 17.5 trillion won as of the end of 2021. ...

Lee Min-hyung | 2022-03-31 16:36

Card companies concerned about future despite increased net profits

Despite the prolonged COVID-19 situation, local card companies logged all-time-high net profits last year amid a recovery of consumer demand. Yet industry analysts doubt whether their good performance will continue this year, due to heightened competition with fintech companies as well as strengthened regulations on card commissions.

Anna J. Park | 2022-03-30 09:00

KDB's capability of salvaging financially troubled firms called into question

The botched sale of SsangYong Motor is calling into question the capability of its main creditor, the Korea Development Bank (KDB), in salvaging financially troubled companies. SsangYong Motor joins Daewoo Shipbuilding & Marine Engineering (DSME), also under KDB control, in remaining unsuccessful at finding new owners during the Moon Jae-in administration.

Yi Whan-woo | 2022-03-29 16:38

Will 2022 be another bull market for cryptocurrencies?

Bitcoin is rallying again, surpassing the $48,000 mark for the first time since last December.

Anna J. Park | 2022-03-29 15:53

Crypto exchanges seek new business models in metaverse, NFT

Korea's cryptocurrency exchanges are seeking new business models in the emerging metaverse and non-fungible token (NFT) markets. The moves are part of their efforts to diversify revenue streams into untapped areas with high growth potential by taking advantage of their expertise in blockchain technology.

Lee Min-hyung | 2022-03-24 16:47

Leader of NH Investment & Securities to focus on regaining market trust

NH Investment & Securities CEO Jeong Young-chae will focus on regaining the market's during his extended two-year tenure. Jeong took office as the leader of the securities firm in 2018 and will lead the company until March 2024 after recently receiving approval on his term extension during a regular shareholders' meeting.

Lee Min-hyung | 2022-03-24 14:52

Will foreign investors continue to desert KOSPI?

Foreign investors are dumping Korean stocks, with the percentage of foreign ownership among KOSPI-listed stocks falling to its lowest level in six years. Analysts say these investors are likely to continue net-selling Korean stocks for the time being, as the Korean economy has turned out to be comparatively more vulnerable to global inflation, due to its lack of raw materials...

Anna J. Park | 2022-03-23 17:05

Outgoing BOK chief warns of prolonged inflation

Bank of Korea (BOK) Governor Lee Ju-yeol warned of prolonged inflation and called for the need to reduce risks regarding financial imbalances during his farewell press conference, Wednesday. Lee, whose term will end on March 31, put concerns over the benchmark interest rate decision aside ahead of the BOK's board meeting scheduled for April 14.

Yi Whan-woo | 2022-03-23 16:57

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