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Sat, December 3, 2022 | 00:50

1.2 mil. homeowners to be subject to 'pricey home' tax

1.2 mil. homeowners to be subject to 'pricey home' tax

A record 1.2 million homeowners this year will be asked to pay a tax which is disputed as a punitive measure against those owning a single “pricey home” or multiple homes, according to the government. It is the first time more than 1 million homeowners will be subject to the so-called comprehensive real estate tax which was introduced in 2005.

Yi Whan-woo | 2022-11-21 16:28

BOK buys repos to inject liquidity into market

BOK buys repos to inject liquidity into market

Korea's central bank said Monday it has bought repurchase agreements (repos) as part of efforts to inject liquidity into the market.

2022-11-21 14:05

Seoul shares sharply down late Mon. morning amid rate hike woes

Seoul shares sharply down late Mon. morning amid rate hike woes

Seoul shares extended losses late Monday morning amid concerns that the U.S. Federal Reserve may continue its aggressive monetary tightening.

2022-11-21 12:05

Korean shares end nearly flat amid Fed's rate hike woes

Korean shares end nearly flat amid Fed's rate hike woes

South Korean stocks ended almost flat Friday, weighed down by lingering concerns over the United States' aggressive monetary tightening and a global economic slowdown. The Korean won fell against the U.S. dollar.

2022-11-18 20:20

Local stocks soar over business partnerships with Saudi Arabia

Local stocks soar over business partnerships with Saudi Arabia

With Saudi Crown Prince Mohammed bin Salman Al Saud visiting Korea, Thursday, the stock prices of local corporations in various sectors saw an upward trend during the day's trading, reflecting the markets' buoyed expectations for business and construction partnerships with Saudi Arabia.

Anna J. Park | 2022-11-17 17:19

Chaebol chiefs meet Saudi crown prince to seek lucrative deals in oil-rich nation

Mega deals with Saudi Arabia signal new Middle East boom for Korea

Securities firms to focus on recession-targeted investment banking

Securities firms to focus on recession-targeted investment banking

Amid freezing market sentiment in most investment banking business areas, ranging from M&A deals and public offerings to real estate project financing, local securities firms are bracing to focus on recession-targeted growth strategies. Specifically, major securities companies plan to restructure their corporate and equity capital market departments, so as to respond nimbly t...

Anna J. Park | 2022-11-16 16:49

Korea's growth stocks, ETFs bounce back amid diminished rate hike fears

Korea's growth stocks, ETFs bounce back amid diminished rate hike fears

Korea's growth stocks and exchange-traded funds (ETFs) are headed for a rebound amid reviving investor confidence driven by growing hopes for the end of the U.S. Federal Reserve's rate hike cycle. According to data from the Korea Exchange, most growth-related ETFs have enjoyed a double-digit rally for the past month. The TIGER KRX BBIG K-New Deal Leverage ETF jumped by 45.44 ...

Lee Min-hyung | 2022-11-16 15:47

Korea to hold session to explain alternative trading system requirements

Korea to hold session to explain alternative trading system requirements

Korea's financial regulator said it will hold a session to explain requirements and other guidelines necessary to launch an alternative trading system (ATS) for securities.

2022-11-16 13:42

Korea to delay opening of FX market by 1 hour on college entrance exam day

Korea to delay opening of FX market by 1 hour on college entrance exam day

Korea will delay the opening of its foreign exchange market by one hour on the day of the college entrance exam later this week, the committee in charge of the FX market said Monday.

2022-11-14 17:03

Banks, big tech firms increase rivalry in online lending market

Banks, big tech firms increase rivalry in online lending market

Banks and big tech firms are intensifying their rivalry in the online loan repayment market after the government decided Monday to establish an online platform for borrowers to compare loan interest rates when they transfer loans. According to the Financial Services Commission (FSC), the authority will set up the platform sometime around May 2023, with a view to easing borrow...

Lee Min-hyung | 2022-11-14 14:59

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