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Thu, July 7, 2022 | 17:25
[ANALYSIS] Internet-only K bank pressed to delay IPO plan
[ANALYSIS] Internet-only K bank pressed to delay IPO plan
Korea's first internet-only bank _ K bank _ is considering delaying its scheduled initial public offering (IPO) to the latter half of next year at the earliest, according to two senior investment bank executives involved in the process. Regarding the details of its IPO, K bank said its plan to go public in early 2023 remains unchanged, but is still subject to change based on ...
Kim Yoo-chul | 2022-05-24 08:25
Seoul shares up for 2nd day amid hope for inflation slowdown, eased virus lockdown in China
Seoul shares up for 2nd day amid hope for inflation slowdown, eased virus lockdown in China
Korean stocks ended marginally higher to rise for a second day Monday amid hopes for a slowdown in inflation and partial easing of COVID-19 lockdowns in China. The local currency gathered ground against the U.S. dollar.After swerving in and out of positive terrain, the Korea Composite Stock Price Index (KOSPI) closed up 8.09 points, or 0.31 percent, to 2,647.38.Trading volume...
2022-05-23 22:28
Exchanges, authorities discuss steps to prevent another Luna fiasco
Exchanges, authorities discuss steps to prevent another Luna fiasco
The ruling party and the government started a two-day meeting to discuss measures to prevent the recurrence of a recent financial fiasco surrounding the once-popular Terra stablecoin and its sister token Luna. On Monday, the ruling People Power Party held an emergency seminar to come up with measures to protect cryptocurrency customers.
Lee Min-hyung | 2022-05-23 16:37
Korea-US summit boosts defense stocks
Korea-US summit boosts defense stocks
Korea's major defense stocks rallied Monday on hopes for more exports to the United States and other developed countries, after the two countries agreed to start negotiations on a much-anticipated joint defense procurement deal. This came in response to the first summit between President Yoon Suk-yeol and U.S. President Joe Biden last weekend. Both leaders reached a consensus...
Lee Min-hyung | 2022-05-23 16:36
Market experts warn of asset bubble crash in Korea
Market experts warn of asset bubble crash in Korea
The collapse of an asset market bubble in Korea could lead to a more dangerous situation than the crash of the country's information technology (IT) bubble in the early 2000s, market experts warned Monday.
2022-05-23 11:46
Foreign selling reaches 15 tril. won in Korea this year
Foreign selling reaches 15 tril. won in Korea this year
Foreign investors have sold nearly 15 trillion won ($12 billion) worth of South Korean stocks this year through mid-May as they fled to safe haven assets amid growing stagflation worries, the country's main bourse said Sunday. From Jan. 1 through Friday, foreign selling stood at 14.8 trillion won on the country's two main bourses - 11.8 trillion won on the main Korea Exchange...
2022-05-22 22:03
Chinese people purchase nearly 7,000 buildings in S. Korea in 2021
Chinese people purchase nearly 7,000 buildings in S. Korea in 2021
Chinese people purchased nearly 7,000 buildings in South Korea last year, with more than half of the properties being from the Greater Seoul area, a ruling party lawmaker said Sunday.A total of 6,640 buildings, including apartments, were purchased by Chinese nationals last year, and 2,659 of them are located in Gyeonggi Province, which surrounds the capital city of Seoul, Chu...
2022-05-22 21:52
US stocks end bruising week near 'bear market' territory
US stocks end bruising week near 'bear market' territory
The Dow and S&P 500 finished a rollercoaster session essentially flat, concluding a bruising week of losses on an uncertain note. Worries about a recession as the Federal Reserve hikes interest rates and inflation tests consumer resilience weighed on the market all week, pushing the S&P 500 into a bear market earlier in Friday's session.
2022-05-21 14:16
[INTERVIEW] 'Fintech businesses yield both innovation and inclusion'
[INTERVIEW] 'Fintech businesses yield both innovation and inclusion'
As the country's financial industry is fast shifting towards digitalization amid the pandemic, the fintech sector has been leading the transformation from the center of the tide. The fintech industry can contribute to social welfare amid this change, according to Lee Keun-ju, Chairman of the Korea Fintech Industry Association (KORFIN). “The fintech industry can contribute to ...
Anna J. Park | 2022-05-21 09:00
Biden's summit with Yoon to boost chip, battery, nuclear power stocks
Biden's summit with Yoon to boost chip, battery, nuclear power stocks
Stocks related with chip, battery and nuclear energy closed Friday with a gain on growing expectations for the upcoming first summit between President Yoon Suk-yeol and U.S. President Joe Biden. The benchmark KOSPI achieved a rare rally by closing at 2,639.29, up 1.81 percent from the previous day, on a buying spree by overseas and institutional investors.
Lee Min-hyung | 2022-05-21 09:00
  • Korea, US to launch dialogue channel on economic security
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DARKROOM
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