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The Korea Times

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SCMP
Asia

The Korea Times

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Markets

Sat, March 25, 2023 | 08:17

Tech stocks boosted by Apple Pay's arrival

Tech stocks boosted by Apple Pay's arrival

Shares of electronic payment and wireless communication service operators surged Monday on growing hopes for the launch of Apple Pay in Korea. According to data from the Korea Exchange, KG Mobilians' share price soared by more than 20 percent soon after the opening of the stock market here. The company operates businesses on wired and wireless payment services.

2023-02-06 16:56

Seoul stocks end lower amid Fed rate hike woes

Seoul stocks end lower amid Fed rate hike woes

Seoul shares ended lower Monday, as strong U.S. jobs data fueled fears of further rate hikes to tame inflation. The Korean won fell sharply to a monthly low against the U.S. dollar.

2023-02-06 16:48

Exchange rate on rollercoaster ride amid stronger US job recovery

Tasks lie ahead for Woori's next chairman nominee picked amid controversy

Tasks lie ahead for Woori's next chairman nominee picked amid controversy

Woori Financial Group's next chairman nominee Yim Jong-ryong stands to be tasked with a drastic organizational reshuffle and non-banking portfolio expansion if he takes the position, a possibility that could become reality by as early as March. Yim has been nominated as the sole candidate for the position last week to replace outgoing Chairman Son Tae-seung. Woori's decision ...

2023-02-05 16:39

FSC approves security token transactions in Korea

FSC approves security token transactions in Korea

Korea's Financial Services Commission (FSC) on Sunday approved the issuance and distribution of security tokens - a kind of cryptocurrency used to trade fractions of assets, such as real estate and art, in the digital form. Under the decision, investors will be able to trade security tokens sometime as early as 2024 after the FSC finishes the revision of relevant laws.

2023-02-05 16:34

Able C&C sale attracts dozens of potential buyers

Able C&C sale attracts dozens of potential buyers

Dozens of investors have shown interest in acquiring Able C&C, which was put up in the M&A market late last year, raising market expectations that IMM would make a successful exit from its years-long investment.

Anna J. Park | 2023-02-03 08:20

Private equity firms expect high returns from low-cost airlines

Private equity firms expect high returns from low-cost airlines

Private equity firms (PEFs) opted to invest huge sums of money into low-cost carrier (LCC) businesses amid the worst hardships stemming from the pandemic. Now that international travel numbers are again soaring, the PEFs are eyeing a successful exit from their LCC stakes in the coming years.

Anna J. Park | 2023-02-01 17:12

Chip, robot ETFs most profitable in January

Chip, robot ETFs most profitable in January

Exchange-traded funds (ETFs) on chips and robots turned out to have generated the largest returns in January in hopes of a gradual recovery in the global semiconductor market. According to data from the Korea Exchange, TIGER U.S. Philadelphia Semiconductor Leverage ETF topped the list of most profitable ETFs listed here. The ETF generated returns of 30.03 percent between Jan....

2023-02-01 08:43

Korea Exchange to toughen rules against unfair traders

Korea Exchange to toughen rules against unfair traders

The Korea Exchange has pledged to root out any illegal and unfair trading practices by blocking violators' access to the local financial investment market for up to a decade, Sohn Byung-doo, head of the exchange, said Tuesday. “We will thoroughly eradicate unfair trading practices by toughening rules against those caught for doing such acts,” Sohn told reporters during a pres...

2023-01-31 14:20

Financial regulator vows to make local markets friendlier to foreign investors

Financial regulator vows to make local markets friendlier to foreign investors

South Korea's financial regulator said Monday it will beef up efforts to revamp the country's capital market regulations in a way that helps them live up to "global standards" and enhances the protection of shareholders in local equity markets.

2023-01-30 20:02

BOK to sell $8.96 bil. worth of monetary stabilization bonds in Feb.

BOK to sell $8.96 bil. worth of monetary stabilization bonds in Feb.

Korea's central bank said Monday it will sell 11 trillion won ($8.96 billion) worth of monetary stabilization bonds (MSBs) in February.

2023-01-30 17:51

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