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Reporter : Lee Min-hyung
Thu, September 28, 2023 | 22:36
Entertainment emerges as new savior of Korea's stock market
Entertainment industry players have emerged as the new savior of the Korean stock market on hopes for their structural growth driven by the global popularity of K-pop. Investors expect that entertainment firms may follow in the footsteps of secondary battery players - which had been at the center of investors' attention in the first quarter.
Markets | 2023-05-18 16:37
Korea Exchange extends listing fee exemptions for SRI bonds
The Korea Exchange has decided to exempt commission fees for the listing of socially responsible investment (SRI) bonds for another two years until June 2025, in a move to foster environmental, social and corporate governance (ESG) investment here, the exchange operator said.
Markets | 2023-05-17 17:04
Securities firms zero in on Indonesian market
Indonesia is emerging as a hub for major securities firms' overseas business due to the country's economic and demographic potential. Brokerage houses here have long recognized the need to diversify their sales channels overseas amid toughening competition in the domestic market. Their revenue structures are also vulnerable to macroeconomic circumstances, as was shown by thei...
Markets | 2023-05-17 16:51
Mirae Asset acquires GHCO for expansion into European ETF market
Mirae Asset Securities is moving to expand its advancement into the European financial market after completing the acquisition of GHCO, an exchange-traded fund (ETF) market maker based in London, the Korean brokerage house said Wednesday.
Companies | 2023-05-17 16:07
Securities firms seize assets of key suspect behind latest stock scandal
Securities firms are moving to seek a provisional attachment for the financial assets of Ra Deok-yeon, the head of an unauthorized investment consulting company, after the firms suffered losses in the latest stock manipulation scandal.
Markets | 2023-05-16 16:46
NPS offsets losses from US banking crisis through tech share investment
The National Pension Service (NPS) sold all its shares in the now-collapsed Silicon Valley Bank (SVB) and First Republic Bank, but succeeded in offsetting losses by generating decent revenues from major U.S. tech stock investments, data showed Monday. According to a report the NPS submitted to the U.S. Securities and Exchange Commission (SEC), Korea's state-run pension fund e...
Markets | 2023-05-15 16:35
Naver, Kakao stocks display contrasting performances due to earnings forecasts
Shares of Naver and Kakao - two of the nation's biggest digital platform companies - have seen their respective stock prices move in contrasting directions due to their earnings forecasts.
Companies | 2023-05-15 16:06
FSS signs partnership with Indonesian counterpart on employee exchange
Korea's Financial Supervisory Service (FSS) has joined hands with its Indonesian counterpart over launching an employee exchange program, with a view to expanding Korean financial firms' footing in the Southeast Asian country. The partnership was clinched on May 12 during FSS Governor Lee Bok-hyun's visit to the country. Under the agreement with Indonesia's Otoritas Jasa Keua...
Markets | 2023-05-14 16:29
Terraform Labs co-founders ready for legal battle despite escalating public ire
Scandal-tainted Terraform Labs' co-founders - Kwon Do-hyung, better known as Do Kwon, and Shin Hyun-seong - are poised to engage in an all-out legal fight against criminal charges regarding the abrupt collapse of the firm's once-promising Luna coin. Both men have displayed a strong will to “prove their innocence” with their legal representatives. They have refrained from show...
Cryptocurrency | 2023-05-14 16:27
Deficit widens for banks' crypto custody business on market slowdown
Four major lenders ― KB, Shinhan, Woori and NongHyup ― are experiencing widening losses in their investments in crypto custody business operators, hit by the market's abrupt slump over the past two years, data showed Thursday.
Cryptocurrency | 2023-05-11 16:02
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