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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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Top 10 Stories
1Korea eyes launch of 4th Nuri space rocket in 2025 Korea eyes launch of 4th Nuri space rocket in 2025
2Memorial Day 2023 Memorial Day 2023
3Korea's household debt-to-GDP ratio highest among 34 major economies Korea's household debt-to-GDP ratio highest among 34 major economies
4Japanese destroyer flies controversial flag as it arrives in Korea for joint drill Japanese destroyer flies controversial flag as it arrives in Korea for joint drill
5Seoul on alert over Pyongyang's imminent spy satellite launch Seoul on alert over Pyongyang's imminent spy satellite launch
6Vietnam emerges as major market for Korean chipmakers Vietnam emerges as major market for Korean chipmakers
7[ANALYSIS] China's ban on Micron tests Washington-Seoul alliance ANALYSISChina's ban on Micron tests Washington-Seoul alliance
8Korea's diplomacy put to test amid signs of thaw in US-China relations Korea's diplomacy put to test amid signs of thaw in US-China relations
9Top 20% of income earners fuel increase in Q1 consumption as pandemic ends Top 20% of income earners fuel increase in Q1 consumption as pandemic ends
10Local governments appeal to young generations through YouTube Local governments appeal to young generations through YouTube
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