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The Korea Times

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SCMP
Asia

The Korea Times

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Sat, June 3, 2023 | 17:24

Stock traders set to face fines in Korea for unfair practices

Stock traders set to face fines in Korea for unfair practices

People engaging in unfair trading activities in the local capital market will face fines of up to five times the profits they gained. The Financial Services Commission (FSC) said Monday that it agreed on a revision act for the capital market and financial investment business presented by Rep. Yoon Kwan-seok and Rep. Park Yong-jin of the main opposition Democratic Party of Kor...

Lee Min-hyung | 2023-01-16 16:58

Korea to extend forex trading hours: finance minister

Korea to extend forex trading hours: finance minister

Korea will extend the trading hours of its foreign exchange market to 2 a.m. from the current 3 p.m. as early as the second half of 2024, in a bid to attract more foreign capital and reduce market volatility, Finance Minister Choo Kyung-ho said during a press conference, Thursday. “We will increase publicity on the issue until then, and do our best to help overseas financial ...

Lee Min-hyung | 2023-01-12 16:22

[INTERVIEW] Samsung expected to show resilience in earnings, but SK to report loss: S&P

INTERVIEWSamsung expected to show resilience in earnings, but SK to report loss: S&P

Samsung Electronics recently reported an earnings shock for the fourth quarter of last year, while SK hynix, which saw a 60 percent drop in operating profit in the third quarter, is expected to have suffered an operating loss during the final quarter of 2022.

Kim Yoo-chul | 2023-01-12 09:21

Panic buying in Korea's housing market on sharp decline

Panic buying in Korea's housing market on sharp decline

Fewer people in their 20s and 30s purchased apartments here last year amid the steeply rising interest rates and falling housing prices, in an unexpected twist for the age groups who drove a panic buying spree between 2020 and 2021. According to data from Korea Real Estate Board, the two age groups accounted for only 28.4 percent of those who purchased apartments nationwide f...

Lee Min-hyung | 2023-01-12 08:18

Foreigners return to KOSPI on weakening dollar

Foreigners return to KOSPI on weakening dollar

Foreign investors have made a surprise return to the benchmark KOSPI in January on the weakening dollar and growing hopes for an end to the cycle of global monetary tightening, data showed Wednesday. According to the Korea Exchange, foreign investors purchased Korean shares worth 1.82 trillion won ($1.46 billion) between Jan. 2 and Jan. 10. They maintained their position of s...

Lee Min-hyung | 2023-01-11 15:18

Invest Seoul joins Hong Kong's Asian Financial Forum to promote local fintech industry

Invest Seoul joins Hong Kong's Asian Financial Forum to promote local fintech industry

Invest Seoul, the city government's investment arm, will host a series of events in Hong Kong later this week to promote the city as Asia's financial hub and to facilitate networking for local fintech firms.

Anna J. Park | 2023-01-10 16:54

Digital medicine market to grow by 27% annually: KPMG report

Digital medicine market to grow by 27% annually: KPMG report

More medical services will be available in the digital realm, meaning that diverse digital technologies ranging from software applications and games will be applied to practices for treatment and the prevention of diseases. Samjong KPMG's latest report, which analyzes investment and strategies concerning digital medicine, forecasts that the digital medicine market in Korea wi...

Anna J. Park | 2023-01-10 08:45

Polarized corporate bond market to continue this year

Polarized corporate bond market to continue this year

The local corporate bond market is expected to continue showing signs of polarization this year, amid sluggish economic growth and high-interest rates, data showed Monday. According to data compiled by financial information portal Yonhap Infomax, the total amount of AAA-grade corporate bonds issued last year stood at 12.3 trillion won ($9.88 billion), which is an increase of ...

Anna J. Park | 2023-01-09 16:32

REITs face refinancing challenge as interest rates soar

REITs face refinancing challenge as interest rates soar

Various Real Estate Investment Trusts (REITs) listed on the Korean stock market are expected to have a harder time this year to refinance their debts amid the high interest rates. While major REITs may succeed in refinancing their debt, increased costs from soaring interest rates will lower investors' dividend profits.

Anna J. Park | 2023-01-04 16:47

E-grocery giant Kurly scraps IPO plan amid harsh market conditions

E-grocery giant Kurly scraps IPO plan amid harsh market conditions

Kurly, the operator of Korean e-grocery platform Market Kurly, said Wednesday it will postpone the initial public offering (IPO) originally planned for early this year, due to harsh market conditions.

2023-01-04 15:37

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