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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sun, April 2, 2023 | 14:46

Big KOSPI-listed firms required to offer English regulatory filings from 2024

Big KOSPI-listed firms required to offer English regulatory filings from 2024

Large companies listed on the South Korean main KOSPI bourse will be required to begin issuing key regulatory filings in English next year, the country's financial and stock exchange regulators said Sunday.

2023-04-02 14:38

Chips production sinks 17% in Feb. despite overall industrial output gains

Chips production sinks 17% in Feb. despite overall industrial output gains

Korea's semiconductor output sank 17.1 percent on-month in February, the sharpest decline in more than 14 years, though the country reported gains in the overall industrial production, private spending and facility investment for the first time in over a year, data showed Friday.

2023-03-31 09:33

M&A consulting becomes largest source of profit in local financial advisory market

M&A consulting becomes largest source of profit in local financial advisory market

The size of the M&A advisory market has been growing fast in Korea during the past few years, taking up the largest proportion of annual financial consulting services in the country. The weight of corporate bond offerings, which used to be a key source of profit for the local investment banking (IB) sector until just a few years ago, has been visibly decreasing.

Anna J. Park | 2023-03-30 16:14

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

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