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The Korea Times

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The Korea Times

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Sat, June 3, 2023 | 16:56

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

Korea to sell $8.2 bil. worth of Treasurys in Jan.

Korea to sell $8.2 bil. worth of Treasurys in Jan.

Korea plans to sell 10.5 trillion won ($8.2 billion) in state bonds next month, the finance ministry said Monday.

2022-12-26 17:56

Mandatory bid rule in M&A deals to take effect in Korea as early as 2024

Mandatory bid rule in M&A deals to take effect in Korea as early as 2024

In a move to strengthen the protection of minority shareholders, the Korean government aims to adopt a mandatory bid rule in the country's capital market as early as 2024. If the rule is adopted, any person or entity that plans to take over a company through a stock purchase deal is legally required to offer to the remaining minority shareholders a buy-out of all their shares...

Anna J. Park | 2022-12-26 16:35

Easing market turmoil, credit risk crucial for new head of financial association

Easing market turmoil, credit risk crucial for new head of financial association

Seo Yoo-seok, the new head of the Korea Financial Investment Association (KOFIA), is tasked with alleviating the ongoing stock market turmoil and lingering risks surrounding the liquidity crunch in the real project financing market. The former leader of Mirae Asset Global Investments will take office as the sixth chairman of the association from the start of 2023 with a three...

Lee Min-hyung | 2022-12-25 16:08

Investors relieved by postponement of tax on investment

Investors relieved by postponement of tax on investment

A feared investment tax will not be imposed until the end of 2024, after the ruling and opposition parties reached a belated consensus to postpone the introduction of the highly controversial taxation system for another two years. The law stipulates those who gain more than 50 million won in annual revenues through stock trading should pay 20 percent in taxes.

Lee Min-hyung | 2022-12-25 15:38

100 rich people in Korea own over 22,000 homes

100 rich people in Korea own over 22,000 homes

The number of homes owned by the country's top 100 people, in terms of the number of homes they have, exceeded 22,000 as of November this year. The number is up by around 2,000 compared to last year.

Anna J. Park | 2022-12-22 17:12

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1	Roland Garros 2023

2	Airlines fiercely compete to acquire additional aircraft

3	Seoul imposes sanctions on North Korean hacking group for role in space launch

4	More banks offer daily interest payments on deposits

5	KAERI distances itself from Oxford professor's claim on Fukushima water

6	POSCO, GM expand joint EV battery materials investment in North America

7	LG Chem joins Korean firms strengthening ties with Japan

8	HMM tasked with preventing sale of Hyundai LNG to foreign firm

9	Hyundai Elevator launches AI, IoT-powered maintenance service

10	Indo-Pacific region highlighted as important for Korean economy's future

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