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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, May 30, 2023 | 20:44

Securities firms seize assets of key suspect behind latest stock scandal

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.

Lee Min-hyung | 2023-05-16 16:46

KEPCO, KOGAS shares keep falling despite electricity, gas fee hikes

KEPCO, KOGAS shares keep falling despite electricity, gas fee hikes

Shares of Korea Electric Power Corp. (KEPCO) and Korea Gas Corp. (KOGAS) continued to decline despite the government's decision to increase electricity and gas fees. Analysts said the stocks are continuing to fall as the extent of the rate increase did not meet ...

Lee Yeon-woo | 2023-05-16 16:26

Import prices up for 3rd month in April on weaker won, higher oil prices

Import prices up for 3rd month in April on weaker won, higher oil prices

Korea's import prices rose for the third straight month in April largely due to a weaker won and the higher price of crude oil, central bank data showed Tuesday.

2023-05-16 09:32

NPS offsets losses from US banking crisis through tech share investment

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...

Lee Min-hyung | 2023-05-15 16:35

FSS signs partnership with Indonesian counterpart on employee exchange

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...

Lee Min-hyung | 2023-05-14 16:29

Wall Street edges lower following inflation data, drops for Disney, banks

Wall Street edges lower following inflation data, drops for Disney, banks

Wall Street edged lower Thursday, weighed down by a sharp drop for The Walt Disney and flaring fears about the health of some U.S. banks.

2023-05-12 08:19

Buy now, pay later delinquency rates rise

Buy now, pay later delinquency rates rise

The delinquency rate of “buy now, pay later” (BNPL) services offered by the nation's three big tech firms - Naver Financial, Kakao Pay and Viva Republica - is on a sharp rise due to the economic slump and prolonged high interest rates, data showed Thursday.

Lee Min-hyung | 2023-05-11 15:36

SG debacle's combined losses amount to 8 trillion won

SG debacle's combined losses amount to 8 trillion won

The latest stock scandal, sparked by the abrupt fall of eight listed shares here, is estimated to have incurred a combined loss of more than 8 trillion won ($6.04 billion), affecting mostly retail investors, according to data released by Rep. Yun Chang-hyun's office, Wednesday.

Lee Min-hyung | 2023-05-10 16:42

Government remains ambiguous on short selling

Government remains ambiguous on short selling

The Yoon Suk Yeol administration, which marked its first year in office on Wednesday, is still leaving much to be desired regarding its lack of policy consistency on the controversial resumption of short selling.

Lee Min-hyung | 2023-05-10 16:36

Korea's current account returns to surplus in March

Korea's current account returns to surplus in March

Korea logged a current account surplus in March as dividend payments from overseas increased amid an extended slump in exports, central bank data showed Wednesday.

2023-05-10 09:48

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