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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, May 30, 2023 | 12:51

Corporate bond market shows signs of revival

Corporate bond market shows signs of revival

The country's corporate credit market is showing signs of a revival, as the trading of corporate bonds with longer term maturities is increasing, after bottoming out just a few weeks ago. According to data by NICE Investors Service, a local corporate credit ratings agency, the trade volume of corporate bonds with maturities of over five years rose during the past week to 201 ...

Anna J. Park | 2022-12-13 16:38

Foreign investors dump Korean stocks

Foreign investors dump Korean stocks

Foreign investors have returned to a selling spree of Korean shares for the first 12 days of December amid unceasing fears of the U.S. Federal Reserve's monetary tightening. This is in contrast to their recent buying of local shares over the past two months, which raised hopes the benchmark KOSPI regaining momentum for a rally in lockstep with the final cycle of rate hikes.

2022-12-13 15:53

BOK buys more repos to inject liquidity into market

BOK buys more repos to inject liquidity into market

Korea's central bank said Monday it has bought an additional 1.53 trillion won ($1.17 billion) worth of repurchase agreements (repos) as part of efforts to provide liquidity to businesses having a hard time securing necessary funds.

2022-12-12 16:28

Korea's financial market may rebound in H2 of 2023: KDI president

Korea's financial market may rebound in H2 of 2023: KDI president

The Korean financial market is likely to remain in the doldrums for the time being, but it may rebound later in 2023, when the monetary tightening comes into effect, the head of the Korea Development Institute (KDI) said Monday.

2022-12-12 15:44

Race heats up between Korean brokerages in overseas trading service

Race heats up between Korean brokerages in overseas trading service

Competition is intensifying between Korean securities firms to offer overseas stock trading services to make up for their declining revenues from local brokerage commissions. According to data from the Korea Exchange, the nation's total stock transaction volume reached 1,082 trillion won in the third quarter of this year, down 39.6 percent from a year earlier. This was trigge...

2022-12-12 15:18

Securities firms accept voluntary retirement amid liquidity crisis, stock doldrums

Securities firms accept voluntary retirement amid liquidity crisis, stock doldrums

Securities firms are accepting voluntary retirements amid unexpected earnings falls and growing market uncertainties triggered by post-pandemic liquidity woes and bearish stock market conditions. Among major brokerage houses, KB Securities was the first to receive voluntary retirement applications targeting employees aged over 40. The last time the brokerage accepted voluntar...

2022-12-11 15:39

Melfas to raise W6 bln. via stock offering

Melfas to raise W6 bln. via stock offering

Melfas Friday announced that it will sell stock to raise 6 billion won ($4.6 million). The proceeds from the stock sale will be used mainly to finance its operations.

2022-12-09 20:27

FSS chief vows continued efforts to monitor short-term money market

FSS chief vows continued efforts to monitor short-term money market

Korea's financial regulator will keep up its monitoring on short-term money and remain ready to take action in case market volatility spikes amid lingering worries over a liquidity crunch, its chief said Wednesday.

2022-12-07 11:34

PEFs face dilemma as exits become difficult

PEFs face dilemma as exits become difficult

Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. That's because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed...

Anna J. Park | 2022-12-06 16:32

Hahn & Co. completes acquisition of film business from SKC

Hahn & Co. completes acquisition of film business from SKC

Korean private equity firm Hahn & Co. said that it has successfully completed the acquisition of the industrial film business of SKC, an affiliate of Korea's SK Group, earlier this month. The 1.6 trillion won ($1.2 billion) buyout deal is the country's largest M&A transaction closed this year. Hahn & Co. and the SK Group signed a stock purchase agreement in June this year, la...

Anna J. Park | 2022-12-04 15:24

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