Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Financial regulator hints at levying taxes on Samsung chairman’s assets
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 in borrowed-name accounts.The public scrutiny of Lee's assets again put the spotlight on the 2008 inves
Oct. 30, 2017
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Korean stocks up 0.23% Monday morning
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 Innovation advanced 2.18 percent, and top mobile messenger operator Kakao increased by 1.39 percent.The local cu
Oct. 30, 2017
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[Kosdaq Star] ‘Black Desert’ developer Pearl Abyss goes uptrend after weak debut
This is the 44th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- EdIn 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 tear in the market for the last two weeks. Pearl Abyss shares gained 28.7 percent the
Oct. 29, 2017
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Seoul stocks at fresh record high on bargain hunting
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 won worth of stocks, offsetting the same value of stocks sold by institutions. Tech and steel stock
Oct. 27, 2017
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Seoul stocks extend gains late Friday morning
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 gainers, Naver Corp., the country's leading online portal operator, climbed 3.93 percent and No. 1 ch
Oct. 27, 2017
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[Advertorial] KDB Foundation holds 10th-anniversary celebration
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 foundation was created in August 2007. It has engaged in over 20 projects and injected approximatel
Oct. 26, 2017
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[Monitor] Investors from tax havens take up nearly 20%
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 end of August. Most investors came from the US, followed by Japan, Cayman Islands, Canada, the UK and Lu
Oct. 26, 2017
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Seoul stocks end lower on profit-taking
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 billion), with decliners outnumbering advancers 454 to 358.Foreigners and individuals sold a combined 61.7
Oct. 26, 2017
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Stocks open lower as foreigners turn net sellers
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 bought by institutions. On Wednesday, foreigners bought 111.9 billion won worth of stocks, helping
Oct. 26, 2017
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[News Focus] New mortgage rules defuse uncertainties in stock market
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 stock analysts said. “The Tuesday measure indicated the government’s moves have been and
Oct. 25, 2017
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Seoul stocks hit fresh record high on financials
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 gainers outnumbering losers 422 to 367.The local stock market opened higher on overnight gains in Wall S
Oct. 25, 2017
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Seoul stocks turn lower late Wednesday morning
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 foreigners and individuals. Large-cap stocks were mixed across the board, with market bellwether Samsung
Oct. 25, 2017
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KOSDAQ stock market loses steam while KOSPI rallies
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 Korea Exchange, the KOSDAQ index has risen 8.83 percent so far this year, compared with a 22.9 percent jump
Oct. 25, 2017
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Stocks open higher on sound Q3 earnings hope
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 as Samsung Electronics Co. and Hyundai Motor Co. are scheduled to release their third-quarter earnings resu
Oct. 25, 2017
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Preferred bidder for Dongbu Daewoo Electronics to be tapped soon
The preferred bidder for cash-strapped Dongbu Daewoo Electronics is set to be selected in the near future, industry sources said Wednesday, with candidates including both local and overseas firms.According to the sources, NH Investment & Securities Co., which oversees the deal, is currently conducting due diligence with candidates. After the procedure, the firm's financial investors will pick the preferred bidder based on candidates' financial and business capabilities.Sources said the candi
Oct. 25, 2017
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Corporate owner families increasing stock-collateralized loans
Corporate owner families have put up some 12.6 trillion won ($11.15 billion) worth of stocks as loan collateral, an analysis showed Wednesday, a practice that increased faster among their children's generation, who likely used the money to pay inheritance-related taxes.CEO Score, which tracks management details of major conglomerates, analyzed loans and collateral of 704 family members of the top 100 business groups and their affiliates. According to the data, 164 of them from 47 groups had prov
Oct. 25, 2017
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Seoul stocks hit fresh all-time high on earnings hope
South Korean stocks finished at a fresh record high Tuesday as institutions and individuals scooped up market heavyweights on earnings expectations, analysts said. The won rose against the dollar.The benchmark Korea Composite Stock Price Index edged up 0.44 point, or 0.02 percent, to close at 2,490.49. The gain was bolstered by robust third-quarter earnings expectations, with a slew of major firms set to release their business performances this week for the July-September period.Trade volume was
Oct. 24, 2017
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KSFC head named sole candidate for KRX chief
Jung Ji-won, chief executive officer of Korea Securities Finance Corp., was named Tuesday as the single candidate for the new chairman of the Korea Exchange, the operator of the Kospi and Kosdaq. The Busan-based KRX announced Jung had become the sole candidate after interviewing Jung and his contender Choi Bang-gil, former chief executive at Shinhan BNP Paribas Asset Management.The announcement came about two months after former Chairman Jeong Chan-woo offered to step down from the post on
Oct. 24, 2017
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US dollar-Korean won exchange rate least volatile in 3 years in Q3
The US dollar-Korean won exchange rates were the least volatile in three years during the third-quarter of this year, despite rising tension surrounding North Korea, the central bank said Tuesday. The average gap between the daily high and low of the dollar-won exchange rates came to 4.8 won in the third quarter, down from a 5.8 won fluctuation a quarter earlier, according to the Bank of Korea. It is the smallest average daily fluctuation since the third-quarter of 2014, according to the B
Oct. 24, 2017
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Seoul stocks trim earlier gains late Tuesday morning
South Korean stocks pared back earlier gains Tuesday morning to trade slightly lower as institutions and foreigners offloaded stocks on profit taking. The benchmark Korea Composite Stock Price Index fell 1.86 points, or 0.07 percent, to 2,491.91 as of 11:15 a.m.Institutions and foreigners sold a combined 57 billion won ($50 million) worth of stocks, exceeding the 52 billion won stocks purchased by individuals. Tech stocks led the losses, with market bellwether Samsung Electronics falling 0
Oct. 24, 2017