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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sat, March 25, 2023 | 07:26

Fed policy puts Korea under pressure to hike rate again

Fed policy puts Korea under pressure to hike rate again

The Bank of Korea (BOK) has come under increasing pressure to hike the key rate again by 25 basis points next month, in a move to ease market turbulence amid the U.S. Federal Reserve's unwavering hawkish bias. After Fed Chair Jerome Powell sent unexpectedly aggressive signals for additional rate hikes overnight, the outlook for the BOK taking another baby step has gotten clea...

Lee Min-hyung | 2023-03-08 16:46

Fed still up in the air on whether to accelerate rate hikes: Powell

HYBE considers new tender offer on SM to block Kakao

HYBE considers new tender offer on SM to block Kakao

Kakao's plan to counterattack HYBE by launching its own tender offer to purchase a 35 percent stake in SM Entertainment has met a major challenge. The stock price of SM on Wednesday soared well above 150,000 won ($113) per share, which Kakao promised to pay during its tender offer ending March 26.

Anna J. Park | 2023-03-08 16:24

Foreign investors turn to JYP amid intensifying battle over SM

Foreign investors turn to JYP amid intensifying battle over SM

Foreign investors turn to JYP amid intensifying battle over SM

Foreign investors are focusing their attention on JYP Entertainment while Korean investors are turning their eyes to SM Entertainment's skyrocketing stocks amid an intensifying battle between Kakao and HYBE over its management rights.

Lee Yeon-woo | 2023-03-08 15:50

HYBE considers new tender offer on SM to block Kakao

Kakao launches tender offer to win controlling stake in SM Entertainment

Kakao launches tender offer to win controlling stake in SM Entertainment

Kakao has launched its own tender offer Tuesday, aiming to acquire an additional 35 percent stake in SM Entertainment. It is a major counterattack move by the big tech against HYBE, following HYBE's failure to acquire its targeted stake of SM through its tender offer that ended at the end of last month.

Anna J. Park | 2023-03-07 16:12

Where are singers and fans in SM's management dispute?

Small bio firms rush to go public

Small bio firms rush to go public

Korea's small- to mid-sized biotechnology firms are moving to go public on the local stock market despite weak investor sentiment on initial public offerings (IPO) here. Starting with Bioinfra, a local biotech company, which was listed on the secondary Kosdaq on March 2, a group of bio companies here is scheduled to go public, hoping to attract timely investments even as mark...

Lee Min-hyung | 2023-03-06 16:52

HYBE-Kakao war over SM enters 2nd round

HYBE-Kakao war over SM enters 2nd round

Kakao planned to hold an emergency board meeting on Monday evening, industry sources say, to discuss how to respond to the fast-developing situation surrounding its de facto battle with HYBE to win the management rights to SM Entertainment.

Anna J. Park | 2023-03-06 16:36

Where are singers and fans in SM's management dispute?

Korea's consumer prices up 4.8% in February

Korea's consumer prices up 4.8% in February

Korea's on-year growth in consumer prices fell below 5 percent for the first time in 10 months, data showed Monday, although the hike in utility costs hit yet another fresh high.

2023-03-06 09:41

60 companies face delisting from Korean stock market

60 companies face delisting from Korean stock market

A total of 60 companies face being delisted from the Korean stock market as watchdogs could strip their listing qualification following a review based on their 2022 audit reports. According to the Korea Exchange, a group of six companies listed on the benchmark KOSPI is at risk of being delisted once they submit their annual audit reports to the exchange operator and the Fina...

Lee Min-hyung | 2023-03-05 15:43

State-run pension operator sells SM Entertainment shares to reap capital gains

State-run pension operator sells SM Entertainment shares to reap capital gains

The National Pension Service (NPS) announced on Friday that it unloaded more than half of its stake in K-pop powerhouse SM Entertainment amid an escalating ownership feud over the company.

Yi Whan-woo | 2023-03-03 16:32

NPS reports record loss amid global financial unrest

NPS reports record loss amid global financial unrest

The National Pension Service (NPS) reported its worst-ever investment loss in 2022 amid a global financial meltdown, the state-run pension fund said Thursday. According to data from the NPS, its fund operation division's investments last year achieved an operating rate of return of 8.22 percent or 79.6 trillion won ($60 billion).

Lee Min-hyung | 2023-03-03 08:26

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