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Fri, September 29, 2023 | 08:49

Chips, cosmetics gear up for major rebound in Korean stock market

Chips, cosmetics gear up for major rebound in Korean stock market

Semiconductor and cosmetics stocks look to be on a path to a major rebound in the local stock market, serving as key drivers to activate the sagging KOSPI in the latter half, analysts said.

Lee Min-hyung | 2023-08-29 15:34

Companies call for delay of mandatory ESG disclosure

Companies call for delay of mandatory ESG disclosure

Companies with a capital size of over two trillion won ($1.5 billion) will be obligated to publish disclosures on their environmental, social and corporate governance (ESG) activities from 2025. However, a recent survey shows even large conglomerates find the timeline too hasty.

Anna J. Park | 2023-08-27 16:59

Financial regulator reinvestigates three infamous PEF fraud cases

Financial regulator reinvestigates three infamous PEF fraud cases

The Financial Supervisory Service (FSS) plans to relaunch an investigation next month into various banks and securities firms that sold fraudulent funds linked to Discovery Asset Management, according to industry officials, Sunday.

Anna J. Park | 2023-08-27 15:45

Many Korean investors enjoy solid earnings from foreign stocks

Many Korean investors enjoy solid earnings from foreign stocks

The number of Korean investors who earned annual profits exceeding 2.5 million won ($1,888) from foreign stock ownership surpassed 240,000 last year, with their cumulative capital gains totaling more than 6.7 trillion won. This marks a staggering 130 percent increase from the previous year, data showed Friday.

Lee Yeon-woo | 2023-08-26 14:12

Foreign investors on path to return to KOSPI

Foreign investors on path to return to KOSPI

Foreign investors are on a path to return to the benchmark KOSPI after a two-month hiatus amid the earnings recovery momentum of large-cap tech stocks, data showed Friday.

Lee Min-hyung | 2023-08-25 16:36

Samsung, SK hynix expect early rebound due to Nvidia earnings surprise

Samsung, SK hynix expect early rebound due to Nvidia earnings surprise

Shares of Samsung Electronics and SK hynix are forecast to achieve an earlier-than-expected recovery as a consequence of Nvidia's robust earnings growth, as demand for memory chips will rise in line with the U.S. firm's surging sales of its artificial intelligence (AI) computing solutions, market analysts said.

Lee Min-hyung | 2023-08-25 15:42

Money flows into safer ETFs amid China risk, interest burden

Money flows into safer ETFs amid China risk, interest burden

Money is flowing into safer exchange-traded funds (ETF), as investors move to reduce risks given global financial uncertainties sparked by China's real estate crash and persistently rising market interest rates.

Lee Min-hyung | 2023-08-25 08:31

Korea to sell $8.32 bil. worth of Treasurys in September

Korea to sell $8.32 bil. worth of Treasurys in September

Korea plans to sell 11 trillion won ($8.32 billion) in state bonds next month, the finance ministry said Thursday.

2023-08-24 17:51

Korean investors unfazed by rollercoaster ride of tech stocks

Korean investors unfazed by rollercoaster ride of tech stocks

More retail investors appear to be blinded by the relentless ups and downs of certain tech-linked stocks here, as people look to get rich quick after a recent bullish cycle powered by secondary battery shares.

Lee Min-hyung | 2023-08-24 16:44

Woori Financial feared to lose more ground to IBK in market cap

Woori Financial feared to lose more ground to IBK in market cap

The Industrial Bank of Korea (IBK) is on course to overtake Woori Financial Group in market capitalization, as the latter's weak earnings outlook continues to weaken investor sentiment.

Lee Min-hyung | 2023-08-24 16:02

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