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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Wed, March 29, 2023 | 15:42

Card spending up in 2022 amid eased virus curbs

Card spending up in 2022 amid eased virus curbs

The amount of daily payments made with cards in Korea grew about 13 percent last year as eased coronavirus-related restrictions boosted consumption, central bank data showed Wednesday.

2023-03-29 14:11

[INTERVIEW] Can art become stable investment source?

INTERVIEWCan art become stable investment source?

If you could invest $10 for a chance to own a portion of a painting by Yayoi Kusama, one of the most important Asian artists in the contemporary art world, would you do it? For many young art lovers in Korea, the answer is a resounding yes.

Lee Yeon-woo | 2023-03-29 08:26

Financial industry opposes gov't's move to revamp reward system

Financial industry opposes gov't's move to revamp reward system

Financial industry players here are expressing regret over what they call “unrelenting and unilateral” government demands to revamp reward systems. After banks chalked up record earnings last year on global interest hikes, President Yoon Suk Yeol and his administration stepped up pressure on lenders, criticizing their excessive earnings growth driven mostly by their widened l...

Lee Min-hyung | 2023-03-28 16:53

Gold price nears all-time high amid financial jitters

Gold price nears all-time high amid financial jitters

The price of gold has been rising amid increased uncertainty hovering over the global financial banking sector. While the global price of the precious metal nears its record high reached during the summer of 2020, its trading price at the Korea Exchange (KRX) gold market hit an all-time high recently.

Anna J. Park | 2023-03-28 16:06

Seoul shares end lower amid recession worries

Seoul shares end lower amid recession worries

Seoul shares ended lower Monday as signs of trouble at the major European lender Deutsche Bank renewed concerns over the health of the global financial system. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 5.74 points, or 0.24 percent, to close at 2,409.22. Trading volume was moderate at 465.77 million shares worth 8.4...

2023-03-27 20:54

Local bank stocks hit by shockwaves from SVB, CS collapses

Local bank stocks hit by shockwaves from SVB, CS collapses

Korea's bank stocks are being hit by repercussions from the sequential collapse of overseas financial institutions, with foreign investors dumping major financial shares here en masse this month. Major financial stocks such as Shinhan Financial Group and Hana Financial Group suffered double-digit losses between March 2 and 24, according to data from the Korea Exchange. The KR...

Lee Min-hyung | 2023-03-27 16:14

Kakao seeks to bolster SM's global presence as new owner

Kakao seeks to bolster SM's global presence as new owner

Kakao has successfully acquired its target of a 35 percent stake in SM Entertainment through its tender offer, which was launched on March 7, becoming the largest shareholder of the global K-pop powerhouse.

Anna J. Park | 2023-03-26 16:52

Nonbanking firms' real estate financing risks loom large amid sluggish housing market

Nonbanking firms' real estate financing risks loom large amid sluggish housing market

The loan exposure of nonbanking financial companies to real estate project financing (PF) has spiked to an alarming level in recent years, posing potential credit risks amid a decline in the housing market, industry data showed Sunday.

2023-03-26 11:39

More companies adopt electronic voting amid increase in shareholder activism

More companies adopt electronic voting amid increase in shareholder activism

As shareholder activism becomes the hottest talking point in shareholder meetings, a record-high number of companies are expected to introduce electronic voting systems this year. According to the Korea Securities Depository (KSD), which provides the electronic voting system known as K-VOTE, the number of firms that are using K-VOTE in their shareholders' meetings so far this...

Yoon Ja-young | 2023-03-24 08:52

M&A continues to thrive as companies pressured to sell assets: Samil PwC report

M&A continues to thrive as companies pressured to sell assets: Samil PwC report

The global M&A market is forecast to boom, despite economic recessions and soaring inflation, as companies come under pressure to sell parts of their businesses and cut debt, according to a recent Samil PwC's global M&A trend report.

Anna J. Park | 2023-03-23 16:43

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Top 10 Stories

1	Revised Japanese textbooks distort wartime forced labor, catching Korea off guard

2	Clock ticks for China's massive repatriation of N. Korean defectors

3	Gold price nears all-time high amid financial jitters

4	Ramsar wetland in Han River cleaned up for protected birdlife

5	BMW launches new XM

6	Civic groups in Gwangju await meeting with Chun Doo-hwan's grandson

7	CJ CheilJedang sees chicken as next big seller after frozen dumpling

8	North Korea unveils tactical nuclear warheads

9	2024 budget to focus on tackling low birthrate

10	Jeju seaways get busy with cruise ships, new trade route to Qingdao

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