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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, May 30, 2023 | 20:33

KG Mobility chosen as preferred bidder to buy electric bus maker Edison Motors

KG Mobility chosen as preferred bidder to buy electric bus maker Edison Motors

KG Mobility, formerly known as SsangYong Motor Co., said Wednesday it is in the process of acquiring Edison Motors Co., an electric bus maker, as part of its business diversification strategy. A bankruptcy court in the southeastern city of Changwon has picked KG Mobility as a preferred bidder to acquire Edison, which has been under the court-led debt rescheduling program sinc...

2023-04-26 21:50

Stocks suspected of price manipulation continue to fall

Stocks suspected of price manipulation continue to fall

Six stocks listed in the Korean stock market have plummeted in value for three consecutive trading days with no apparent reason amid growing suspicion of price manipulation. Shares of Samchully, Daesung Holdings, Seoul Gas, Sebang, Sun Kwang and Daou Data extended losses of more than 20 percent on Wednesday after suffering double-digit falls during the two previous trading se...

2023-04-26 16:26

Trade terms continue to fall in March on faster export price fall

Trade terms continue to fall in March on faster export price fall

Korea's terms of trade worsened for the 24th straight month in March as export prices fell faster than import prices, central bank data showed Wednesday.

2023-04-26 14:32

Meritz launches consolidated holding company

Meritz launches consolidated holding company

Meritz Financial Group completed the incorporation of its securities and insurance arms as its wholly owned subsidiaries, Tuesday, in a move aimed at streamlining key decision-making processes.

2023-04-25 16:00

Korea's Q1 exports sink 12.6% on weak chip demand

Korea's Q1 exports sink 12.6% on weak chip demand

Korea's exports dipped nearly 13 percent in the first quarter of 2023 due largely to sluggish chip shipments, a trade body said Tuesday.

2023-04-25 15:35

Brokerages enjoy hefty earnings growth on unexpected Kosdaq rally

Brokerages enjoy hefty earnings growth on unexpected Kosdaq rally

Major securities firms here are forecast to enjoy hefty earnings growth in the first half, as their brokerage commission will improve by a huge margin due to a surprising rally of the country's secondary Kosdaq market.

2023-04-24 15:43

Korea's whisky imports soar about 80% in Q1

Korea's whisky imports soar about 80% in Q1

Korea's whisky imports shot up nearly 80 percent in the first quarter of this year on the liquor's surging popularity among young Koreans amid the coronavirus pandemic, data showed Monday.

2023-04-24 10:26

[INTERVIEW] Fallen crypto mogul Do Kwon should be extradited to Korea, says expert

INTERVIEWFallen crypto mogul Do Kwon should be extradited to Korea, says expert

In March, the International Criminal Police Organization (Interpol) confirmed that a man arrested in Montenegro is Kwon Do-hyeong or Do Kwon, the co-founder of cryptocurrency firm Terraform Labs.

2023-04-24 07:37

Securities firms go all-out to attract more retirement pension customers

Securities firms go all-out to attract more retirement pension customers

Securities firms here are going all-out to attract more retirement pension customers amid falling deposit interest rates and an aging population.

2023-04-21 16:56

Won-based export settlements down for 5th year in 2022

Won-based export settlements down for 5th year in 2022

The proportion of Korean exports settled using the country's currency declined for the fifth straight year in 2022, central bank data showed Thursday.

2023-04-20 14:27

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Top 10 Stories

1	Korea eyes launch of 4th Nuri space rocket in 2025

2	Memorial Day 2023

3	Korea's household debt-to-GDP ratio highest among 34 major economies

4	Japanese destroyer flies controversial flag as it arrives in Korea for joint drill

5	Seoul on alert over Pyongyang's imminent spy satellite launch

6	Vietnam emerges as major market for Korean chipmakers

7	ANALYSISChina's ban on Micron tests Washington-Seoul alliance

8	Korea's diplomacy put to test amid signs of thaw in US-China relations

9	Top 20% of income earners fuel increase in Q1 consumption as pandemic ends

10	Local governments appeal to young generations through YouTube

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