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Seoul stocks dip more than 2% to nearly 1-month low on foreign selling bingeFeb 24, 2021South Korean stocks tumbled by more than 2 percent to dip below the 3,000-point threshold Wednesday on massive foreign selling, largely due to concerns over a US bond yield hike that drove the key st... -
Commercial real estate investment to reach W17trFeb 24, 2021The entire volume of commercial real estate investments in the South Korean market is forecast to reach 17 trillion won ($15.3 billion), similar to last year’s level, analysts predicted. “Foreign in... -
Seoul stocks open lower on inflation worriesFeb 24, 2021South Korean stocks opened lower Wednesday, tracking overnight tech losses on Wall Street that stemmed from US inflation concerns. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.46 ... -
Once-hot P2P lending industry faces tough road aheadFeb 23, 2021Tera Funding lawsuit, withdrawal of partnership signals industrywide challenges -
FSC chief urges local insurers to join ESG trendFeb 23, 2021Financial Services Commission Chairman Eun Sung-soo said Tuesday that the emerging environmental, social and governance trend could provide local insurance firms with new business opportunities. “Th... -
Seoul stocks slump for 2nd day on US inflation concernsFeb 23, 2021South Korean stocks slumped Tuesday for a second day amid lingering inflation concerns, with major tech and bio stocks coming under heavy selling pressure. The Korean won fell against the US dollar. ... -
SK Bioscience seeks up to W1.5tr in blockbuster IPOFeb 23, 2021SK Bioscience, the vaccines unit of South Korea’s No. 3 conglomerate SK Group, said Tuesday it looks to raise up to some 1.49 trillion won ($1.34 billion) in fresh funds via an initial public offerin... -
Seoul stocks open lower on US inflation concernsFeb 23, 2021South Korean stocks opened lower Tuesday, tracking overnight losses on Wall Street that stemmed from inflation concerns. The benchmark Korea Composite Stock Price Index (KOSPI) fell 20.28 points, or... -
Bitcoin falls most in a month on worries prices are excessiveFeb 22, 2021Bitcoin gave up all its gains from weekend trading as analysts questioned whether the cryptocurrency is overheated. Prices dropped as much as 8.2 percent during the European session, falling back to ... -
Revision to contain Korean banks’ crisis, keep funding cost low: Moody’sFeb 22, 2021A proposed revision of a South Korean law is expected to maintain Korean commercial banks’ solvency and keep its funding cost low, Moody’s Investors Service said Monday. Announced by the Financial S... -
![[News Focus] Foreign banks losing foothold in South Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/02/22/20210222000805_0.jpg)
[News Focus] Foreign banks losing foothold in South KoreaFeb 22, 2021Amid pandemic-induced digitalization and toughened regulations, foreign banks question whether to stay -
Seoul to tax crypto gains, bring in more regulationsFeb 22, 2021South Korean investors who make more than 2.5 million won ($2,260) from cryptocurrency trading will face a 20 percent tax starting next year, according to the Ministry of Economy and Finance on Monda... -
'Partnership with Naver might work on raising Mirae Asset's stock price'Feb 22, 2021Local brokerage Mirae Asset Daewoo could see a boost in stock price in a partnership with Naver which runs fintech and artificial intelligence businesses, a report said on Monday. Mirae Asset Daewoo... -
Seoul stocks retreat despite sound economic dataFeb 22, 2021South Korean stocks retreated below the 3,100-point mark Monday, erasing morning gains despite strong export data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Pric... -
US-based NeoImmuneTech eyes W96b IPO in KoreaFeb 22, 2021NeoImmuneTech, a US immunotherapy drug development company, said Monday that it was looking to raise as much as 96 billion won ($86.9 million) in fresh funds via an initial public offering on the Sou...
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