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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, May 30, 2023 | 19:36

Regulator raids SM Entertainment headquarters over suspected stock manipulation

Regulator raids SM Entertainment headquarters over suspected stock manipulation

South Korea's financial regulator raided the headquarters of SM Entertainment Co. on Tuesday over suspicions that South Korean tech giant Kakao Corp. manipulated stock prices in the process of acquiring shares of the K-pop powerhouse, according to financial sources.The Financial Supervisory Service (FSS) has been investigating the allegations after Hybe, SM's rival agency beh...

2023-04-18 17:28

MBK Partners' founder becomes richest person in Korea: Forbes

MBK Partners' founder becomes richest person in Korea: Forbes

Michael ByungJu Kim, MBK Partners' founder and chairman, has ranked at the top of Forbes' 2023 list of “Korea's 50 Richest.” It is the first time that the net worth of the private equity legend has overtaken that of Lee Jae-yong, executive chairman of Samsung Electronics, on Forbes' annual billionaire list.

Anna J. Park | 2023-04-18 15:42

FSC to ease regulations on local investment firms' overseas business

FSC to ease regulations on local investment firms' overseas business

Financial authorities will seek to ease regulations imposed on overseas subsidiaries of local financial companies, in a move to strengthen local investment firms' global competitiveness and outbound business growth. Korea's top financial regulator also plans to introduce a cornerstone investor system into the country's public offering process, which allows investors to be bro...

Anna J. Park | 2023-04-17 16:45

[INTERVIEW] Korea's hospitality tech industry attracts investor interest

INTERVIEWKorea's hospitality tech industry attracts investor interest

Clearly, the COVID-19 pandemic affected all industrial sectors across the globe and unsurprisingly, the hotel and leisure industries were among the hardest hit. A full recovery to pre-pandemic levels appears to be in progress and will likely occur within this year or soon thereafter. Investors are providing mixed views about the hospitality industry's prospects, as previously...

2023-04-17 08:42

Daily short selling hits record high this month

Daily short selling hits record high this month

With local stock markets showing signs of recovery recently, daily average short selling reached an all-time high level this month. According to the Korea Exchange (KRX), the bourse operator, the average daily transactional amount of short selling from April 1 to 14 stood at 634.6 billion won ($485 million) for the benchmark KOSPI, while the tech-heavy Kosdaq's daily average ...

Anna J. Park | 2023-04-16 15:46

Import prices up in March for 2nd month on weaker won

Import prices up in March for 2nd month on weaker won

Korea's import prices rose for the second straight month in March as a weaker won raised the cost of purchasing chemical and metal goods, central bank data showed Thursday.

2023-04-13 09:24

Will secondary battery stocks enter MSCI index?

Will secondary battery stocks enter MSCI index?

Ahead of the slated rebalancing of the Morgan Stanley Capital International (MSCI) Korea Index in May, market attention is focused on whether local secondary battery stocks could be added to the indexes and how this may influence their stock prices. Each index of the MSCI system is reviewed quarterly and rebalanced twice a year. Market experts see three secondary battery comp...

Anna J. Park | 2023-04-13 08:26

Only 2 out of 10 retail investors make gains: survey

Only 2 out of 10 retail investors make gains: survey

Only twenty percent of stock investors were successful in making profits, a recent survey on office workers showed. One in five regarded themselves as a “stock investment addict” and more than half of the respondents spent time checking stock indices during their work hours.

2023-04-12 15:26

Sales of gold bars soar amid growing preference for safe assets

Sales of gold bars soar amid growing preference for safe assets

With the price of gold peaking at its highest level in Korea, sales of gold bars at major local banks exceeded 2.49 billion won ($1.89 million) during the four days from last Monday to last Thursday. According to the local banking industry, the aggregate amount of gold bars sold at four major banks - KB Kookmin, Hana, Woori and NH NongHyup - from April 3 to 6 stood at 2.49 bi...

Anna J. Park | 2023-04-09 15:36

Seoul stocks close over 1 percent higher on chip rally

Seoul stocks close over 1 percent higher on chip rally

Seoul stocks closed over 1 percent higher Friday on a tech and semiconductor rally following Samsung's first-quarter guidance results. The Korean won also rose against the dollar.

2023-04-07 19:42

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