Korea’s financial regulator denies report it is considering to mandate approval of cryptocurrency listing after wemix delisting fiasco

South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street, with the US Federal Reserve's upcoming interest rate-setting meeting in focus. The benchmark Korea Composite Stock Price Index added 9.36 points, or 0.39 percent, to 2,382.38 in the first 15 minutes of trading. Overnight, US shares finished higher following last week's deep losses. The Dow Jones Industrial Avera...

South Korean stocks finished lower Monday as investors remained cautious about the United States' monetary policy direction ahead of a rate-setting meeting amid deepening recession fears. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 16.02 points, or 0.67 percent, to close at 2,373.02. Trading volume was a bit light at 489.54 million shares ...

Woori Bank, one of South Korea’s top banks, is offering multilingual services on Sundays at five branches around the country. The five branches -- Ansan, Uijeongbu and Balan in Gyeonggi Province, Gwanghui-dong in Seoul and Gimhae in South Gyeongsang Province -- will be open on Sundays from 10 a.m. to 4 p.m. Foreigners can access general banking services in 10 languages, including English, Chine...

South Korean stocks opened lower Monday as investors were cautious ahead of the US Federal Reserve's rate-setting meeting this week. The benchmark Korea Composite Stock Price Index slid 10.54 points, or 0.44 percent, to 2,378.50 in the first 15 minutes of trading. Several major economic developments from the United States are due this week, as the Fed is to hold a two-day rate-setting meeting s...

Wemix forecasts coin destruction, GDAC exchange comes to the rescue

South Korean stocks ended higher Friday, snapping a five-day losing streak, as foreigners and institutions picked up oversold shares amid uncertainty over the US Federal Reserve's monetary policy direction. The Korean won sharply strengthened against the US dollar. The benchmark Korea Composite Stock Price Index rose 17.96 points, or 0.76 percent, to 2,389.04. The main index fell 2.6 percent thi...

Seoul stocks opened higher Friday, tracking gains on Wall Street, as investors await key US inflation data this week for clues as to whether the Federal Reserve could scale down its aggressive monetary tightening. The benchmark Korea Composite Stock Price Index rose 4.72 points, or 0.20 percent, to 2,375.80 in the first 15 minutes of trading. Kospi rebounded after a five-day slide. Stronger-tha...

Seoul stocks opened lower Thursday, tracking overnight falls on Wall Street, amid concerns that the US Federal Reserve may continue its aggressive monetary tightening following solid economic data. The benchmark Korea Composite Stock Price Index fell 1.05 points, or 0.04 percent, to 2,381.76 in the first 15 minutes of trading. The unexpectedly strong US jobs report and service sector activity r...

A Seoul court on Wednesday denied an injunction request filed by the operator of cryptocurrency Wemix to block the enforcement of crypto exchanges' decision to delist the coin. In late November, the Digital Asset eXchange Association -- an alliance formed by Upbit, Bithumb, Coinone, Korbit and Gopax -- announced they will terminate transaction support to the cryptocurrency operated by online gam...

Seoul shares extended their losing streak to a fourth day Wednesday amid concerns the Federal Reserve may keep its aggressive monetary tightening following solid U.S. economic data. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index retreated 10.35 points, or 0.43 percent, to 2,382.81. Trading volume was moderate at 323.9 million shares worth 5.9 trillio...

South Korea's central bank will continue raising its key policy rate, possibly peaking at 3.5 percent in 2023, an economist at global credit appraiser S&P Global Rating said Wednesday. The Bank of Korea has hiked the rate by a combined 2.75 percentage points since August last year to tame inflation. The rate currently stands at 3.25 percent. "We expect the APAC central banks not to follow very ...

Seoul stocks opened lower on Wednesday, tracking overnight falls on Wall Street, amid concerns that the US Federal Reserve may continue its aggressive monetary tightening following strong economic data. The benchmark Korea Composite Stock Price Index fell 7.11 points, or 0.30 percent, to 2,386.05 in the first 15 minutes of trading. The stronger-than-expected US jobs report and service sector ac...

Seoul shares closed lower to extend their losing streak to a third day on Tuesday as investors remain concerned that the Federal Reserve may continue its aggressive monetary tightening following unexpectedly strong US services data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index retreated 26.16 points, or 1.08 percent, to 2,393.16. Trading volume was m...

Seoul stocks opened lower on Tuesday, tracking losses on Wall Street, as concerns grow that the US Federal Reserve may continue its aggressive monetary tightening following strong services data. The benchmark Korea Composite Stock Price Index fell 16.19 points, or 0.67 percent, to 2,403.13 in the first 15 minutes of trading. US service sector activity unexpectedly picked up in November, raising...