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Reporter : Lee Min-hyung
Sun, December 4, 2022 | 09:52
Seoul's housing market sees biggest monthly price drop in 13 years
The housing market in Seoul suffered the biggest monthly price decline in September - since the 2009 global financial crisis - amid dampened market sentiment triggered by rapid interest rate hikes, data showed Tuesday.
Financial authority launches probe into Kakao over service outage
The Financial Supervisory Service (FSS) is looking into whether Kakao's financial affiliates took timely countermeasures after a fire broke out at a data center on Saturday. According to the financial authority, it demanded KakaoBank, Kakao Pay and Kakaopay Securities submit their real-time response actions for the weekend.
BC Card to expand footing in Vietnam
BC Card has signed a business partnership with the National Payment Corporation of Vietnam (NAPAS) to jointly promote non-cash payments, the Korean card processing company said Monday. The tie-up will enable BC Card to tap deeper into the lucrative emerging market. NAPAS offers a payment service for customers to make payments through their NAPAS-branded cards issued mostly by...
Hana Bank wins Best Sub-Custodian Bank award
Hana Bank was named the Best Sub-Custodian Bank by Global Finance magazine in recognition of its commission competitiveness and diversified customer satisfaction capabilities, the lender said Sunday. The bank has received the award every year since 2008, except for 2010. This year is the first time that a Korean commercial lender has won its 14th award from the Global Finance...
Service disruptions likely to hit Kakao's stock price
Kakao, the operator of Korea's dominant mobile messenger app KakaoTalk, is expected to face a Black Monday-esque scenario after its services were shut down for more than 10 hours, the longest-ever service outage in its history. The company is considered one of the major growth stocks, enjoying a super-rally in 2021 due to excess liquidity at the time. But its upward momentum ...
Interest uncertainty heightens stock market volatility in Korea
The Korean stock market will face continuous volatility amid escalating concerns over foreign capital outflows ― triggered by the strengthening dollar and the possibility of a widening gap in interest rates between Seoul and Washington, experts said. After enjoying an unprecedented rally last year on excess liquidity, the benchmark KOSPI has shown a sharp downward trajectory ...
SillaJen shares soar after trading resumes
SillaJen's share price soared around 30 percent after its long-suspended stock trading resumed on Thursday. The Kosdaq-listed biopharmaceutical firm closed at 10,850 won per share, up 29.47 percent, or 2,470 won, on expectations of its business recovery.
K bank, NH forge ties on US stock investment
K bank launched an overseas stock trading service in partnership with NH Investment & Securities, allowing its customers to buy and sell U.S. shares in the Korean currency, the mobile lender said Thursday.
[INTERVIEW] Women bring competitive edge with 'rainbow leadership': KB Securities CEO
Women contribute their “rainbow leadership” to organizations, succeeding in the hyper-competitive, male-dominated Korean business environment through utilizing their competitive edge in communication skills, multitasking capabilities and high level of concentration, KB Securities co-CEO Park Jeong-rim said in an interview with The Korea Times. Park took office as the leader o...
Korean large-cap stocks plunge on fears of recession
Korea's large-cap stocks plunged Tuesday on deepening fears of recession and growing burden over possible additional rate hikes by the U.S. Fed. The benchmark KOSPI closed with a loss of 1.83 percent at 2,192.07 from the previous trading day, falling below the 2,200-point mark again on foreign investors' mass selling spree. The secondary Kosdaq also fell sharply, closing at 6...
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