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Tue, November 29, 2022 | 16:42

Seoul shares open sharply lower after US stock plunge

Seoul shares open sharply lower after US stock plunge

Korean stocks opened steeply lower Monday as the recent plunge on Wall Street spooked local investors.

2022-10-17 10:56

Kakao ready for complete recovery nearly 2 days after fire

Yoon says state should intervene in distorted markets after KakaoTalk disruption

Shares in Kakao tumble 8% after nationwide service disruption

Shares in Kakao tumble 8% after nationwide service disruption

Shares in Kakao, the operator of Korea's dominant messaging app KakaoTalk, and its affiliates opened sharply lower Monday after a massive service disruption over the weekend stemming from a fire at a data center.

2022-10-17 10:12

Yoon says state should intervene in distorted markets after KakaoTalk disruption

Korea to exempt taxes on foreigners' investment in gov't bonds

Korea to exempt taxes on foreigners' investment in gov't bonds

Korea plans to begin exempting taxes on interest income and capital gains from foreigners' investment in government bonds this week, in line with efforts to cope with the volatility in the foreign exchange market, the finance ministry said Sunday.

2022-10-16 13:49

Interest uncertainty heightens stock market volatility in Korea

Interest uncertainty heightens stock market volatility in Korea

The Korean stock market will face continuous volatility amid escalating concerns over foreign capital outflows ― triggered by the strengthening dollar and the possibility of a widening gap in interest rates between Seoul and Washington, experts said. After enjoying an unprecedented rally last year on excess liquidity, the benchmark KOSPI has shown a sharp downward trajectory ...

Lee Min-hyung | 2022-10-16 09:00

Housing market hit hard by rising interest rates

Housing market hit hard by rising interest rates

Housing prices in Korea dipped to their lowest level in more than 10 years, data showed Friday, over a steep hike in the benchmark interest rate, which is detracting would-be home owners from borrowing money from banks. Real estate experts forecast that housing prices have not bottomed out yet and will continue to fall through the end of 2023.

Yi Whan-woo | 2022-10-14 17:10

Seoul shares end lower on recession woes

Seoul shares end lower on recession woes

Korean stocks finished down Thursday amid persistent concerns that combative monetary tightening policies in major economies could drag the global economy into a recession. The local currency lost ground against the U.S. dollar.

2022-10-13 16:10

K bank, NH forge ties on US stock investment

K bank, NH forge ties on US stock investment

K bank launched an overseas stock trading service in partnership with NH Investment & Securities, allowing its customers to buy and sell U.S. shares in the Korean currency, the mobile lender said Thursday.

Lee Min-hyung | 2022-10-13 15:38

Seoul shares open lower amid recession woes

Seoul shares open lower amid recession woes

Korean stocks opened lower Thursday amid persistent concerns over a global economic recession.

2022-10-13 09:56

IMM considers selling minority stake in AirFirst

IMM considers selling minority stake in AirFirst

IMM Private Equity (PE), one of Korea's leading private equity firms, is considering selling a minority stake in AirFirst, a major industrial gas business company in the country. AirFirst was launched in 2019, following IMM PE's acquisition of a 100-percent stake in Linde Korea's industrial gas business. According to the investment banking sources Wednesday, the private equit...

Anna J. Park | 2022-10-13 08:25

Korean large-cap stocks plunge on fears of recession

Korean large-cap stocks plunge on fears of recession

Korea's large-cap stocks plunged Tuesday on deepening fears of recession and growing burden over possible additional rate hikes by the U.S. Fed. The benchmark KOSPI closed with a loss of 1.83 percent at 2,192.07 from the previous trading day, falling below the 2,200-point mark again on foreign investors' mass selling spree. The secondary Kosdaq also fell sharply, closing at 6...

Lee Min-hyung | 2022-10-11 16:46

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