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Sat, December 3, 2022 | 02:02

Defense stocks up amid NK missile threats

Defense stocks up amid NK missile threats

Korea's defense stocks are advancing in reaction to North Korea's repeated missile threats. Major defense stocks here ended with gains again on Thursday amid heightened geopolitical uncertainty surrounding the Korean Peninsula after the North fired dozens of missiles off the eastern and western coasts of the peninsula.

Lee Min-hyung | 2022-11-03 16:23

Heungkuk Life's uncalled bonds increase concerns in credit market

Heungkuk Life's uncalled bonds increase concerns in credit market

Concerns are growing over increased signs of credit strains in local credit markets, as Heungkuk Life Insurance decided to delay buying back $500 million of its dollar-denominated perpetual bonds. In a filing to the Singapore Exchange (SGX) earlier this week, the insurance company stated it had decided to postpone its call option exercise over its $500 million perpetual notes...

Anna J. Park | 2022-11-03 16:22

Korea, Saudi Arabia vow energy cooperation amid OPEC Plus' production cut

Korea, Saudi Arabia vow energy cooperation amid OPEC Plus' production cut

Korea and Saudi Arabia agreed Wednesday to boost cooperation to ensure stable oil supplies, Seoul's industry ministry said, as concerns have grown over the Organization of the Petroleum Exporting Countries (OPEC) Plus's decision to cut oil production.

2022-11-02 20:34

Foreign PEFs dominate Korea's M&A market with strong dollar

Foreign PEFs dominate Korea's M&A market with strong dollar

With the U.S. dollar continuing strong this year, overseas private equity firms (PEFs) are snapping up Korean companies that are up for sale on the M&A market at a cheap price, while local private equity companies find themselves being pushed behind in price competitiveness. There have so far this year been seven major M&A deals worth over 500 billion won ($35.2 million), whi...

Anna J. Park | 2022-11-02 16:28

Institutional investors' buying of corporate bonds surges

Institutional investors' buying of corporate bonds surges

Institutional investors engaged in a buying spree of corporate bonds here last week when the government released a set of measures to alleviate a market crunch, data showed Tuesday. According to data compiled by Yonhap Infomax, institutional investors purchased corporate bonds worth 1.11 trillion won ($782.8 million) on the curb between Oct. 24 and 28, a more than sevenfold i...

Lee Min-hyung | 2022-11-01 16:41

Government hints at gradual housing deregulation amid freezing sentiment

Government hints at gradual housing deregulation amid freezing sentiment

The government is on track to ease ultra-strict housing regulations gradually, amid escalating fears of the market falling into a prolonged slump in line with increasingly clear forecasts of a recession. Under the recent announcement by the Financial Services Commission (FSC), the government decided to raise the upper limit of the loan-to-value ratio by 10 percentage points t...

Lee Min-hyung | 2022-11-01 16:33

Financial groups to pump $66.5 billion to ease market crunch

Financial groups to pump $66.5 billion to ease market crunch

Korea's five large financial groups decided Tuesday to inject a large amount of liquidity into the financial market to help ease its recent volatility.

2022-11-01 10:15

Woori Financial Group has least exposure to real-estate project financing

Woori Financial Group has least exposure to real-estate project financing

Major financial groups maintain a relatively stable risk exposure to real estate project financing, while regional financial groups tend to have a larger exposure compared to their loan provision sizes, data showed.

Anna J. Park | 2022-10-31 16:09

KOSPI expected to achieve technical rally as Fed seen easing rate hikes

KOSPI expected to achieve technical rally as Fed seen easing rate hikes

The benchmark KOSPI will pick up fresh momentum for a technical rally amid growing calls for the U.S. Federal Reserve to control the pace of its rate hikes as the year-end approaches, analysts said. The main bourse closed at 2,268.4 points on Friday, up 2.5 percent or 55.28 points from a year earlier. The secondary Kosdaq also ended with a gain of 1.95 percent at 687.63 durin...

Lee Min-hyung | 2022-10-30 14:44

Institutional investors asked to refrain from market-destabilizing trading

Institutional investors asked to refrain from market-destabilizing trading

Korea's financial authorities called for cooperation from institutional investors, including the state pension operator, to refrain from stock trading that could heighten market swings, sources said Friday.

2022-10-28 11:27

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