South Korean stocks closed at a fresh all-time high Monday, helped by gains in techs such as Samsung Electronics, analysts said. The Korean won gained against the US dollar. The benchmark Korea Composite Stock Price Index climbed 5.3 points, or 0.21 percent, to 2,501.93. Trade volume was moderate at 338 million shares worth 6.9 trillion won ($6.15 billion), with losers outnumbering gainers at 41...

Financial authorities will check whether rules were followed in the handling of assets worth 4.4 trillion won ($3.9 billion) owned by Samsung Group Chairman Lee Kun-hee, the top financial regulator said Monday. During a parliamentary audit, Financial Services Chairman Choi Jong-ku also indicated that authorities could levy taxes on capital gains earned by Lee from the assets that may have been i...

South Korean stocks traded higher late Monday morning taking a cue from overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index gained 5.75 points, or 0.23 percent, to 2,502.38 as of 11:20 a.m. Tech shares continued to gain ground, with Samsung Electronics moving up 1.81 percent and SK hynix increasing 2.68 percent. Samsung Electro-Mechanics added 4.42 percent. SK Innov...

This is the 44th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed In its seven years of operation, Pearl Abyss has produced just one game -- “Black Desert Online” – but after a weak debut last month its shares have risen 30 percent. Debuting on Sept. 14 on the second-tier Kosdaq, the game developer, based in Anyang, Gyeonggi Province, has been on a...

South Korean stocks ended at a fresh all-time high Friday on bargain hunting. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 16.00 points, or 0.64 percent, to close at 2,496.63. Trade volume was moderate at 504.56 million shares worth 6.25 trillion won ($5.5 billion), with gainers outnumbering decliners 554 to 245. Foreigners bought 96 billion ...

South Korean stocks extended gains late Friday morning as investors scooped up blue-chip stocks on bargain hunting. The benchmark Korea Composite Stock Price Index rose 11.97 points, or 0.48 percent, to 2,492.60 as of 11:15 a.m. Tech and steel stocks led gains, with market bellwether Samsung Electronics Co. rising 0.80 percent and leading steelmaker POSCO advancing 2.56 percent. Among other ga...

The KDB Foundation held a ceremony to mark the 10th anniversary of its operation at the Korea Development Bank headquarters in Seoul on Wednesday, the company said Thursday. The ceremony was attended by some 80 people from partner organizations including the Korea Association of Social Welfare Centers and Social Solidarity Bank, along with KDB scholarship recipients and company officials. The f...

Out of some 700 trillion won ($622 billion) worth of stocks and bonds held by foreign investors, nearly 20 percent originates from regions deemed as tax havens, raising concerns over the heightening volatility of the local financial market. According to data released by Rep. Park Kwang-on of the Democratic Party of Korea, registered foreign investors reached 40,141 from 127 countries as of the e...

South Korean stocks ended down Thursday as investors sold stocks on profit-taking. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 11.87 points, or 0.48 percent, to close at 2,480.63. The drop came after the main index rose 0.8 percent over the past four sessions. Trade volume was moderate at 638.07 million shares worth 7.05 trillion won ($6.3 bil...

South Korean stocks opened higher Thursday as foreigners turned net sellers on profit taking ahead of major companies' earnings releases this week. The benchmark Korea Composite Stock Price Index fell 2.25 points, or 0.09 percent, to 2,490.25 in the first 15 minutes of trading. Foreign and retail investors sold a combined 13.4 billion won ($12 million) worth of stocks, offsetting 15 billion won...

The latest set of measures to strengthen South Korean mortgage borrowers’ debt repayment obligations was within market expectation and has defused uncertainties on the stock market, analysts said Wednesday. The toughened mortgage rules, unveiled Tuesday to curb snowballing national household debt, would help local banks and builders on the stock market benefit from abated uncertainties, the stoc...

South Korean stocks finished at a fresh all-time high Wednesday, as investors scooped up market heavyweights, such as banking stocks, market analysts said. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 2.01 points, or 0.08 percent, to close at 2,492.50. Trade volume was moderate at 592 million shares worth 5.03 trillion won ($4.46 billion), with...

South Korean stocks turned lower Wednesday morning as institutions offloaded stocks on profit taking ahead of major companies' earnings releases from this week. The benchmark Korea Composite Stock Price Index fell 0.92 points, or 0.04 percent, to 2,489.57 as of 11:15 a.m. Institutions extended their net selling to 115 billion won ($102 million), offsetting 117 billion won stocks purchased by fo...

South Korea's secondary stock market has continued to lose steam, while the main stock market has rallied due to big gains by heavyweight technology stocks, according to the nation's bourse operator Wednesday. For years, the junior KOSDAQ market has been struggling with a string of accounting scandals and the defection of large-cap stocks to the benchmark KOSPI stock market. According to the Ko...

South Korean stocks opened higher Wednesday as investors expect strong earnings from major companies. The benchmark Korea Composite Stock Price Index climbed 1.70 points, or 0.07 percent, to 2,492.19 in the first 15 minutes of trading. Foreigners and retail investors bought a combined 55 billion won ($49 million) worth of stocks, offsetting 53 billion won sold by institutions. Companies such a...