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    Disgraced ex-minister's daughter says she feels proud, qualified as a doctor

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    Coupang reveals Asia's largest fulfillment center in Daegu

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    Ex-gov't employee summarily indicted for alleged attempt to sell Jungkook's lost hat

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Thu, February 9, 2023 | 10:57
Korea's financial market may rebound in H2 of 2023: KDI president
Korea's financial market may rebound in H2 of 2023: KDI president
The Korean financial market is likely to remain in the doldrums for the time being, but it may rebound later in 2023, when the monetary tightening comes into effect, the head of the Korea Development Institute (KDI) said Monday.
2022-12-12 15:44
Race heats up between Korean brokerages in overseas trading service
Race heats up between Korean brokerages in overseas trading service
Competition is intensifying between Korean securities firms to offer overseas stock trading services to make up for their declining revenues from local brokerage commissions. According to data from the Korea Exchange, the nation's total stock transaction volume reached 1,082 trillion won in the third quarter of this year, down 39.6 percent from a year earlier. This was trigge...
Lee Min-hyung | 2022-12-12 15:18
Securities firms accept voluntary retirement amid liquidity crisis, stock doldrums
Securities firms accept voluntary retirement amid liquidity crisis, stock doldrums
Securities firms are accepting voluntary retirements amid unexpected earnings falls and growing market uncertainties triggered by post-pandemic liquidity woes and bearish stock market conditions. Among major brokerage houses, KB Securities was the first to receive voluntary retirement applications targeting employees aged over 40. The last time the brokerage accepted voluntar...
Lee Min-hyung | 2022-12-11 15:39
Melfas to raise W6 bln. via stock offering
Melfas to raise W6 bln. via stock offering
Melfas Friday announced that it will sell stock to raise 6 billion won ($4.6 million). The proceeds from the stock sale will be used mainly to finance its operations.
2022-12-09 20:27
FSS chief vows continued efforts to monitor short-term money market
FSS chief vows continued efforts to monitor short-term money market
Korea's financial regulator will keep up its monitoring on short-term money and remain ready to take action in case market volatility spikes amid lingering worries over a liquidity crunch, its chief said Wednesday.
2022-12-07 11:34
PEFs face dilemma as exits become difficult
PEFs face dilemma as exits become difficult
Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. That's because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed...
Anna J. Park | 2022-12-06 16:32
Hahn & Co. completes acquisition of film business from SKC
Hahn & Co. completes acquisition of film business from SKC
Korean private equity firm Hahn & Co. said that it has successfully completed the acquisition of the industrial film business of SKC, an affiliate of Korea's SK Group, earlier this month. The 1.6 trillion won ($1.2 billion) buyout deal is the country's largest M&A transaction closed this year. Hahn & Co. and the SK Group signed a stock purchase agreement in June this year, la...
Anna J. Park | 2022-12-04 15:24
Seoul shares plunge 1.8 percent after Fed-driven rally
Seoul shares plunge 1.8 percent after Fed-driven rally
South Korean stocks fell nearly 2 percent on Friday, snapping a three-day winning streak as foreigners and institutions dumped shares after recent rallies fueled by optimism over a possible downshift in U.S. rate hikes. The local currency inched down against the U.S. dollar.
2022-12-02 20:42
Financial stocks set for rally amid hopes of high dividends
Financial stocks set for rally amid hopes of high dividends
Financial stocks here are set to rally amid growing hopes of high dividends following solid earnings growth this year. A move by the financial watchdog agency to reduce its intervention in the shareholder return policies of banks and other financial institutions also comes as a boon to rev up banking stocks, according to market analysts. Korea Exchange data show shares of the...
Lee Min-hyung | 2022-12-02 16:18
Dispute reignites over union-recommended director system
Dispute reignites over union-recommended director system
A dispute over a labor union-backed outside director system is expected to flare up again ahead of regular shareholders' meetings at financial institutions scheduled for early next year amid growing calls for them to diversify the structure of their boards of directors. The introduction of the system was a key item on former President Moon Jae-in's agenda, as part of his admi...
Lee Min-hyung | 2022-12-02 16:18
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Top 10 Stories
1Korean Peninsula may face fallout from balloon saga Korean Peninsula may face fallout from balloon saga
2[PHOTOS] Turkey-Syria earthquake PHOTOSTurkey-Syria earthquake
3Daughter-centered photos, title of honor reinforce speculation over North Korea succession Daughter-centered photos, title of honor reinforce speculation over North Korea succession
4[INTERVIEW] 'Growth slowdown can accelerate depletion of retirement pension fund' INTERVIEW'Growth slowdown can accelerate depletion of retirement pension fund'
5SM's management dispute to benefit KakaoSM's management dispute to benefit Kakao
6National Assembly votes to impeach interior minister for Itaewon tragedy National Assembly votes to impeach interior minister for Itaewon tragedy
7SM6 Feel attracts customers with popular options, low price SM6 Feel attracts customers with popular options, low price
8Philip Morris seeks to surpass KT&G in e-cigarette market Philip Morris seeks to surpass KT&G in e-cigarette market
9[INTERVIEW] Veteran US photographer gives environment 'visual voice' to chronicle climate change INTERVIEWVeteran US photographer gives environment 'visual voice' to chronicle climate change
10Korean companies move to support victims in earthquake-hit Turkey, Syria Korean companies move to support victims in earthquake-hit Turkey, Syria
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