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The Korea Times

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SCMP
Asia

The Korea Times

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Markets

Sat, March 25, 2023 | 08:15

Seoul stocks end up on eased banking jitters

Seoul stocks end up on eased banking jitters

Seoul stocks finished higher Friday as investors' jitters eased on news that a group of banks would throw a lifeline to a troubled U.S. bank. The Korean won rose against the U.S. dollar.

2023-03-17 18:01

Robotics stocks soar over positive outlooks on future growth

Robotics stocks soar over positive outlooks on future growth

Local robotics stocks are enjoying a rapid bull market, reflecting investors' expectation over further mergers and acquisitions of robotics companies by conglomerates as well as the government's deregulation moves to foster the state-of-the-art industry. The share price of Rainbow Robotics reached its all-time high of 136,900 won ($104.90) in the early trading hours during Fr...

Anna J. Park | 2023-03-17 17:13

[INTERVIEW] 'Growing default risk derails IPO plans'

INTERVIEW'Growing default risk derails IPO plans'

When South Korea's e-grocery delivery company Oasis Corp., decided to withdraw its much-anticipated initial public offering (IPO) because of a valuation mismatch between what the firm was seeking and what investors were willing to pay, the company said its second IPO attempt will come only after determining the optimal timing from a financial point of view.

Kim Yoo-chul | 2023-03-16 08:52

Financial regulators consider waiver on deposit insurance cap

Financial regulators consider waiver on deposit insurance cap

The country's financial regulator is considering the removal of a cap on deposits protected by the state-run deposit insurer after the abrupt collapse of Silicon Valley Bank (SVB) sent shockwaves throughout the global financial market

Lee Min-hyung | 2023-03-15 15:59

Stock market posts biggest daily fall this year amid SVB fallout

Stock market posts biggest daily fall this year amid SVB fallout

The main index KOSPI slid below 2,400 points in Tuesday's session, as foreign investors dumped local stocks on pessimistic outlooks amid concern over the collapse of Silicon Valley Bank (SVB) late last week.

Anna J. Park | 2023-03-14 16:44

[Contribution] Korea's booming data center market

ContributionKorea's booming data center market

South Korea is regarded globally as one of the most digitally advanced economies: Korea launched the world's first commercial 5G network. The country is known for having the fastest internet speeds as well as the highest internet penetration, with more than 97.5 percent of the population regularly accessing the internet, and it is the leader in semiconductors and smartphones.

2023-03-13 15:35

Kakao to take over SM as HYBE bows out

Kakao to take over SM as HYBE bows out

The fierce battle between Kakao and HYBE over the management rights of SM Entertainment ended Sunday with HYBE giving up on its quest for its acquisition of SM. The mutual decision was reached three days after the two competing companies had entered talks on Friday to solve the issue of who would take over SM's management rights.

Anna J. Park | 2023-03-12 16:29

Korean stocks still vulnerable to Fed's future policy tightening

Korean stocks still vulnerable to Fed's future policy tightening

The Korean stock market is expected to display increased volatility until the U.S. Federal Reserve's upcoming rate-setting meeting slated for two days from March 21, according to market analysts Friday. The outlook comes as the benchmark KOSPI fell below the psychologically-important 2,400-point level after foreign and institutional investors went on a selling spree. The won ...

Lee Min-hyung | 2023-03-10 16:51

Kakao shareholders frustrated by protracted battle over SM

Kakao shareholders frustrated by protracted battle over SM

Shareholders of Kakao are expressing frustration after the internet company launched a tender offer earlier this week aiming to purchase a 35 percent stake in SM Entertainment. Investors are questioning whether taking over SM's management rights will help boost Kakao's plunging stock price.

Lee Yeon-woo | 2023-03-09 16:45

[Contribution] Investors advised to have all-weather portfolio amid market volatility

ContributionInvestors advised to have all-weather portfolio amid market volatility

Risk assets, including global equities, had a great start in the first month of this year, only to lose some luster when the market reset expectations about a potential pivot in the U.S. Federal Reserve's rate hiking cycle after a series of strong U.S. economic data.

2023-03-09 08:26

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