The Korea Herald

Seoul stocks open lower on Wall Street losses

Sept 8, 2021

South Korean stocks opened lower Wednesday, tracking losses on Wall Street amid concerns about the pace of US economic recovery. The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.16 po...
Seoul stocks slump amid US tapering uncertainties

Sept 7, 2021

South Korean stocks retreated Tuesday amid lack of major market-moving events as investors still assess weak US job data and its impact on the Federal Reserve's timeline for tapering its stimulus. Th...
Daily mobile stock trading volume surges 220% in 2020

Sept 7, 2021

Stock trades carried out through mobile transaction platforms in South Korea hit an all-time high in 2020, data showed Tuesday, reflecting retail investors’ strong appetite for stock investment durin...
Seoul stocks open slightly lower on investors' wait-and-see mode

Sept 7, 2021

South Korean stocks opened a tad lower Tuesday as investors took to the sidelines in the absence of major events related to the US Federal Reserve's timeline for tapering its stimulus. The benchmark...
Hyundai Capital chief to resign from CEO post after 18 years

Sept 6, 2021

Hyundai Capital Services Vice Chairman Chung Tae-young is poised to offer his resignation from the company’s top post later this month, the company said Monday. Chung will step down as chief executi...
Hyundai Heavy’s IPO price set at top end

Sept 6, 2021

Major South Korean shipbuilder Hyundai Heavy Industries shares were priced at 60,000 won ($51.90) apiece, the top of its indicative range for its initial public offering amid strong demand, the firm ...
Seoul stocks inch up after weak US jobs data

Sept 6, 2021

South Korean stocks edged up after choppy trading Monday as investors seek to digest weaker-than-expected August jobs data in the United States. The Korean won rose against the US dollar. The benchm...
KakaoBank shares decline for 3 days amid downward pressure

Sept 6, 2021

KakaoBank, the country’s mobile-only bank that went public a month ago, saw its shares fall for three consecutive days on Monday due to an expiring lock-in period for millions of its shares. Shares ...
Seoul stocks open nearly flat after weak US jobs data

Sept 6, 2021

South Korean stocks opened nearly flat Monday as investors seek to digest weaker-than-expected August jobs data in the United States. The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.9...
IPO proceeds log record-breaking W16tr

Sept 5, 2021

More listings planned later this year to add fuel to sizzling IPO market
[Newsmaker] Demand for apartments higher despite rate hike

Sept 3, 2021

South Korea’s demand for apartments in the capital and its surrounding areas only got higher, despite the central bank’s recent decision to end 15 months of record-low interest rates, data showed Fri...
Bithumb to ban foreigners without mobile phone identification

Sept 3, 2021

Bithumb, one of South Korea’s four major cryptocurrency exchanges, said Thursday that foreigners who fail to verify their identities via mobile phones will not be allowed to use the platform. The de...
Seoul stocks snap 4-day winning streak on profit-taking

Sept 2, 2021

South Korean stocks ended a four-session winning streak Thursday as investors sought to lock in recent gains amid concerns of inflation. The Korean won fell against the US dollar. The benchmark Kore...
[Newsmaker] Hyundai Heavy readies to become first-mover for eco-friendly ships via W1.08tr IPO

Sept 2, 2021

Hyundai Heavy Industries announced a blueprint to usher in a paradigm shift in the global shipbuilding industry of its planned market debut on the South Korean main board Kospi on Sept. 16. The majo...
Seoul stocks open lower on profit-taking

Sept 2, 2021

South Korean stocks opened lower Thursday as investors attempted to lock in recent gains. The benchmark Korea Composite Stock Price Index (KOSPI) fell 6.6 points, or 0.21 percent, to trade at 3,200....