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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sun, February 5, 2023 | 16:48

Polarized corporate bond market to continue this year

Polarized corporate bond market to continue this year

The local corporate bond market is expected to continue showing signs of polarization this year, amid sluggish economic growth and high-interest rates, data showed Monday. According to data compiled by financial information portal Yonhap Infomax, the total amount of AAA-grade corporate bonds issued last year stood at 12.3 trillion won ($9.88 billion), which is an increase of ...

Anna J. Park | 2023-01-09 16:32

REITs face refinancing challenge as interest rates soar

REITs face refinancing challenge as interest rates soar

Various Real Estate Investment Trusts (REITs) listed on the Korean stock market are expected to have a harder time this year to refinance their debts amid the high interest rates. While major REITs may succeed in refinancing their debt, increased costs from soaring interest rates will lower investors' dividend profits.

Anna J. Park | 2023-01-04 16:47

E-grocery giant Kurly scraps IPO plan amid harsh market conditions

E-grocery giant Kurly scraps IPO plan amid harsh market conditions

Kurly, the operator of Korean e-grocery platform Market Kurly, said Wednesday it will postpone the initial public offering (IPO) originally planned for early this year, due to harsh market conditions.

2023-01-04 15:37

Fear index shows stock markets haven't hit bottom yet

Fear index shows stock markets haven't hit bottom yet

The current movement of the VIX index, which is often referred to as a fear gauge of stock markets, is hinting that markets haven't yet hit bottom. The VIX, standing for the Chicago Board Options Exchange's CBOE Volatility Index, has been popularly used to measure market sentiment on volatility, as it is derived from S&P 500 options for the 30 days following the measurement d...

Anna J. Park | 2023-01-03 16:41

Thousands of bank clerks expected to leave on voluntary retirement

Thousands of bank clerks expected to leave on voluntary retirement

Thousands of bank clerks will leave on voluntary retirement this year, as major commercial lenders are moving to expand compensation on solid earnings growth. According to the industry, the number of employees voluntarily retiring from the nation's four largest banks - KB, Shinhan, Hana and Woori - will exceed 2,000.

Lee Min-hyung | 2023-01-03 16:14

Seoul stocks close lower on 1st trading day of 2023

Seoul stocks close lower on 1st trading day of 2023

Seoul stocks closed slightly lower in the first trading session of 2023 on institutional selling. The Korean won declined against the U.S. dollar.

2023-01-02 16:46

Leaders of brokerage houses call for platform prowess amid financial uncertainty

Leaders of brokerage houses call for platform prowess amid financial uncertainty

The leaders of Korea's brokerage houses are calling for the need to bolster platform prowess and turn the ongoing market crisis into an opportunity for sustainable growth. In a New Year's address released Monday, Mirae Asset Securities Chairman Choi Hyun-man urged the brokerage's employees to focus on finding new growth opportunities by enhancing platform competitiveness thro...

Lee Min-hyung | 2023-01-02 16:04

[ANALYSIS] Korea's IPO market expected to bounce back in 2nd half

ANALYSISKorea's IPO market expected to bounce back in 2nd half

After a quite active 2021, Korea's initial public offering (IPO) market remained sluggish for the entirety of 2022. Proceeds from IPOs were down last year as high valuations became a thing of the past amid a shaky stock market and rising interest rates.

Kim Yoo-chul | 2023-01-02 12:25

Easing 'Korea discount' key to revitalizing stock market: Korea Exchange chief

Easing 'Korea discount' key to revitalizing stock market: Korea Exchange chief

The Korea Exchange (KRX) will place its 2023 policy focus on winning back trust from foreign investors by easing the so-called “Korea discount,” Sohn Byung-doo, chief of the exchange operator, told The Korea Times during a recent interview. The 'Korea discount' is used to describe a lower valuation of local shares than their global counterparts for reasons such as geopolitica...

Lee Min-hyung | 2022-12-31 09:13

BOK sells net $17.54 billion in market-smoothing operations in Q3

BOK sells net $17.54 billion in market-smoothing operations in Q3

The Bank of Korea (BOK) said Friday it sold a net $17.54 billion in the third quarter to help ease the decline of the local currency against the U.S. dollar.The third-quarter dollar selling is the largest since the third quarter of 2019 when the central bank began releasing such data to help boost the transparency of its market operations.

2022-12-30 21:45

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