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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sat, March 25, 2023 | 06:35

Easing of pandemic pushes up tourism, aviation stocks

Easing of pandemic pushes up tourism, aviation stocks

Tourism and aviation stocks are on track for a robust rally on growing hopes for an end to the pandemic, as authorities here and abroad display signs of easing quarantine measures. According to data from the Korea Exchange, the nation's representative tourism stocks reported double-digit growth for the first three weeks of January.

Lee Min-hyung | 2023-01-24 15:56

Korea to lift mandatory registration policy for foreign investors in 2023

Korea to lift mandatory registration policy for foreign investors in 2023

Korea's financial regulator said Tuesday it plans to abolish the existing mandatory registration policy for foreigners investing in local stocks within this year, in line with efforts to meet global standards.

2023-01-24 15:33

Upcoming FOMC to determine movement of Korean stocks, cryptocurrencies

Upcoming FOMC to determine movement of Korean stocks, cryptocurrencies

The U.S. Federal Reserve's upcoming message on its possible policy shift will determine whether Korean stocks can extend their rare momentum for a rally even after the Lunar New Year holiday. According to data from the Korea Exchange, the benchmark KOSPI is on a path for a gradual rebound with an increase of 7.6 percent between Jan. 2 and 16.

Lee Min-hyung | 2023-01-24 08:58

Brokerage houses heat up race in securities token market

Brokerage houses heat up race in securities token market

Brokerage houses here are preparing to jump into the nascent securities token market after a financial watchdog approved Thursday the issuance of blockchain-powered digital tokens. Financial Services Commission (FSC) Chairman Kim Joo-hyun said securities token offerings (STO) will be legally available in Korea. The decision came amid growing demand for tokenized digital asset...

Lee Min-hyung | 2023-01-19 15:49

KOSPI New Year rally contrasts with bearish performance in 2022

KOSPI New Year rally contrasts with bearish performance in 2022

Korea's main benchmark, the KOSPI, is reversing last year's bearish performance, as it continues its upward trend since the start of the new year. According to the Korea Exchange (KRX), the KOSPI index rose by 6.69 percent during the first two weeks of January, putting it at eighth among the G20 countries' main benchmark bourse operators for the same period. The main benchmar...

Anna J. Park | 2023-01-16 17:00

Stock traders set to face fines in Korea for unfair practices

Stock traders set to face fines in Korea for unfair practices

People engaging in unfair trading activities in the local capital market will face fines of up to five times the profits they gained. The Financial Services Commission (FSC) said Monday that it agreed on a revision act for the capital market and financial investment business presented by Rep. Yoon Kwan-seok and Rep. Park Yong-jin of the main opposition Democratic Party of Kor...

Lee Min-hyung | 2023-01-16 16:58

Korea to extend forex trading hours: finance minister

Korea to extend forex trading hours: finance minister

Korea will extend the trading hours of its foreign exchange market to 2 a.m. from the current 3 p.m. as early as the second half of 2024, in a bid to attract more foreign capital and reduce market volatility, Finance Minister Choo Kyung-ho said during a press conference, Thursday. “We will increase publicity on the issue until then, and do our best to help overseas financial ...

Lee Min-hyung | 2023-01-12 16:22

[INTERVIEW] Samsung expected to show resilience in earnings, but SK to report loss: S&P

INTERVIEWSamsung expected to show resilience in earnings, but SK to report loss: S&P

Samsung Electronics recently reported an earnings shock for the fourth quarter of last year, while SK hynix, which saw a 60 percent drop in operating profit in the third quarter, is expected to have suffered an operating loss during the final quarter of 2022.

Kim Yoo-chul | 2023-01-12 09:21

Panic buying in Korea's housing market on sharp decline

Panic buying in Korea's housing market on sharp decline

Fewer people in their 20s and 30s purchased apartments here last year amid the steeply rising interest rates and falling housing prices, in an unexpected twist for the age groups who drove a panic buying spree between 2020 and 2021. According to data from Korea Real Estate Board, the two age groups accounted for only 28.4 percent of those who purchased apartments nationwide f...

Lee Min-hyung | 2023-01-12 08:18

Foreigners return to KOSPI on weakening dollar

Foreigners return to KOSPI on weakening dollar

Foreign investors have made a surprise return to the benchmark KOSPI in January on the weakening dollar and growing hopes for an end to the cycle of global monetary tightening, data showed Wednesday. According to the Korea Exchange, foreign investors purchased Korean shares worth 1.82 trillion won ($1.46 billion) between Jan. 2 and Jan. 10. They maintained their position of s...

Lee Min-hyung | 2023-01-11 15:18

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