KoreaTimes - Markets

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sat, March 25, 2023 | 07:00

Korean markets expected to shrug off US inflation woes

Korean markets expected to shrug off US inflation woes

Korea's financial markets have grown increasingly less sensitive to prolonged inflation woes in the United States, as major large-cap companies in semiconductors and automobiles are forecast to gradually enhance their earnings fundamentals through recovering exports, analysts said.The analysis contrasts with the volatile market sentiment prevalent last year when local stocks ...

Lee Min-hyung | 2023-02-15 16:55

Battle for SM management heats up between Lee-HYBE and SM-Kakao blocs

Battle for SM management heats up between Lee-HYBE and SM-Kakao blocs

With the war being waged surrounding SM Entertainment's controlling stake between SM Entertainment's founder Lee Soo-man, in alliance with HYBE, and the current management of SM, who has teamed up with Kakao and activist fund Align Partners, market attention is now on how the situation might unfold.

Anna J. Park | 2023-02-14 16:38

SM shares feared to have reached overvaluation point

Life insurance association calls for more private pension tax benefits

Life insurance association calls for more private pension tax benefits

Korea's tax authority should offer more incentives for private pensions amid a rising poverty ratio amongst elderly people and a rapidly depleting national pension here, Korea Life Insurance Association (KLIA) Chairman Chung Hee-soo said in a press conference, Monday.

Lee Min-hyung | 2023-02-13 16:46

KCGI to sell Osstem stake to Unison-MBK consortium

KCGI to sell Osstem stake to Unison-MBK consortium

The Korea Corporate Governance Improvement (KCGI) has decided to sell its 6.92 percent stake in Osstem Implant during a tender offer launched late last month by a consortium made up of Unison Capital Korea and MBK Partners, according to the activist fund. The tender offer is scheduled to last through Feb. 24.

Anna J. Park | 2023-02-12 14:47

Banks rush to lower interest rates for savings products

Banks rush to lower interest rates for savings products

Commercial banks here have come under criticism for cutting their savings interest rates on a larger scale than those from loan products. According to data from Korea's top five banks - KB, Shinhan, Hana, Woori and NongHyup - the average interest rate for their savings product with a one-year maturity was within a band from 3.36 to 3.6 percent as of Wednesday. This is a drop ...

Lee Min-hyung | 2023-02-09 16:42

Mid-tier brokerages report earnings shock

Mid-tier brokerages report earnings shock

Mid-tier securities firms reported a more drastic fall in earnings compared with their bigger counterparts in 2022, in the aftermath of slumping stock sentiment and a slowdown in the real estate market, which was prompted by sharp interest rate hikes. Hanwha Investment & Securities recorded a deficit last year with a net loss of 47.6 billion won ($37.72 million). This is a dr...

Lee Min-hyung | 2023-02-09 16:15

Risks of real estate project financing loom large on economy

Risks of real estate project financing loom large on economy

Risks stemming from real estate project financing (PF) is looming large as one of key threat factors in the local financial sector this year. Securities companies particularly experience a high default rate of their loans to real estate PF, concerning market watchers that a negative chain reaction could result in a crisis for the market.

Anna J. Park | 2023-02-09 16:07

Stocks end higher after zig-zagging on Fed chair's comments

Stocks end higher after zig-zagging on Fed chair's comments

Wall Street is ticking higher Tuesday after the head of the Federal Reserve signaled last week's stunningly strong jobs report isn't likely to change where interest rates are heading on its own, as some investors had feared.

2023-02-08 11:39

Inflation starting to slow but long, 'bumpy' road ahead: Powell

Securities firms lower outlook on KOSPI's growth

Securities firms lower outlook on KOSPI's growth

Securities firms are on track to lower the outlook on the benchmark KOSPI, citing the possibility of Korean stocks entering a readjustment period after achieving a vigorous rally throughout January. They expected the local stock market to face widening volatility this month amid rekindling woes over global monetary tightening after the U.S. reported robust job recovery. Key e...

Lee Min-hyung | 2023-02-07 15:33

Korea to extend FX trading hours, allow offshore firms' participation

Korea to extend FX trading hours, allow offshore firms' participation

Korea plans to more than double its foreign-exchange trading hours and allow offshore firms to participate in the market in line with efforts to attract more investment from overseas, the financial authorities said Tuesday.

2023-02-07 12:13

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	Zoo shares sad story of what caused Sero the zebra to escape

2	Burnout: Cardiothoracic surgery residents work 102 hours a week

3	North Korea will pay price for reckless provocations, warns Yoon

4	Second daughter of Daesang chairman promoted to vice president

5	More companies adopt electronic voting amid increase in shareholder activism

6	Churches, Seoul gov't unite to fight low birthrate

7	What's next for Do Kwon?

8	FTC criticized for delaying approval for Hanwha's acquisition of DSME

9	Over 70% of firms unwilling to embrace longer workweek

10	Genesis launches 2023 G90 sedan

DARKROOM