Chief of US ETF issuer believes growing K-pop movement in the US will attract investors, expresses hope to expand partnership with Korean businesses

South Korea's main stock market saw its trading volume shrink more than 16 percent this month from a year earlier, data showed Monday, as investors remained on the sidelines amid inflation worries and other negatives. The daily trading volume of the country's main bourse averaged 940 million shares during 10 sessions between May 2 and Friday, down 16.4 percent from a year ago, according to the d...

Seoul shares opened higher Monday amid woes over high inflation, rake hikes and an economic slowdown. The Korea Composite Stock Price Index (KOSPI) rose 13.52 points, or 0.52 percent, to 2,617.76 in the first 15 minutes of trading. On Friday, Seoul shares bounced back to snap an eight-session losing streak, as investors scooped up large-cap stocks on bargain hunting. US stocks also closed high...

A Seoul court said Friday that it picked chemical conglomerate KG Group as the preferred bidder to acquire SsangYong Motor, a debt-ridden carmaker whose recent takeover by a local electric automaker fell apart. “We’ve looked at whether the bidder could really deliver the cash promised, given the fiasco months ago when the deal fell apart because of that,” SsangYong Motor said. The KG Group-led ...

Seoul shares bounced back to end higher on Friday, snapping an eight-session losing streak, as investors scooped up large-cap stocks on bargain hunting amid inflation concerns. The South Korean won rose against the US dollar. The Korea Composite Stock Price Index (KOSPI) rose 54.16 points, or 2.12 percent, to 2,604.24. The main index shed 5.4 percent over the past eight sessions through Thursday...

The war between Russia and Ukraine, and extended global supply disruptions are feared to sap South Korea's corporate investment and exports, and add upward pressure on inflation, the finance ministry said Friday. The South Korean economy faces heightened external uncertainty, as global economic downside risks have heightened amid major central banks' monetary tightening and China's COVID-19 lock...

Seoul shares opened higher Friday as technology stocks rebounded amid concerns over the Federal Reserve's further monetary tightening to tackle high inflation. The Korea Composite Stock Price Index (KOSPI) rose 21.67 points, or 0.85 percent, to 2,571.75 in the first 15 minutes of trading. The KOSPI rebounded following an eight-day losing streak as the Fed is likely to raise interest rates by a ...

The Korea Exchange is preparing to launch a carbon credit futures contract to help bring price signals to what it says would be the new derivatives market, officials said Thursday. “The spot trading in carbon dioxide quotas has surged, but a lack of liquidity is a cause for price volatility,” an official at the bourse operator said. The new market could also help solidify the government’s commit...

The global cryptocurrency market has been shaken up by the freefalling prices of Korean-made cryptocurrency terraUSD, also known as UST, and its sister token luna, raising concerns that it may lead to the crypto market’s version of the Lehman Brothers collapse. According to crypto market analysis website CoinMarketCap, the prices of terraUSD and luna recorded 857 won ($0.66) and 443 won as of 2 ...

Seoul shares opened lower Thursday, taking a cue from overnight falls on Wall Street amid renewed worries over the Federal Reserve's tougher monetary tightening. The Korea Composite Stock Price Index (KOSPI) fell 27.51 points, or 1.06 percent, to 2,564.76 in the first 15 minutes of trading. The KOSPI had lost ground for the seven straight sessions until Wednesday as investors worried the Fed wi...

Non-financial listed companies in South Korea will likely see their total operating income expand nearly 10 percent this year on rising sales, a local brokerage house said Wednesday. In its latest report, Hanwha Investment & Securities Co. forecast the combined operating income of those firms listed on the main stock market to grow 9.6 percent on-year to 208 trillion won ($163 billion) this year...

South Korean stocks opened slightly lower Wednesday as concerns over high inflation and a global economic downturn continued to weigh down the market. The Korea Composite Stock Price Index (KOSPI) lost 3.61 points, or 0.14 percent, to 2,592.95 in the first 15 minutes of trading. The market had fallen for six days in a row until Tuesday, hitting a 17-month low. Overnight, US shares ended mixed ...

The benchmark Kospi hit a 17-month low on Tuesday on persistent market concerns over runaway inflation and sluggish growth despite President Yoon Suk-yeol’s optimistic economic outlook at his inauguration. The Kospi closed at 2596.56 points, the lowest level since Nov. 30, 2020, when it reached 2,591.34 points. Global efforts to tighten monetary policy, which the US kicked off last week with its...

The South Korean stock market fell for the sixth consecutive day Tuesday to hit a 17-month low, as investors fretted about high inflation and a global economic slowdown amid the ongoing crisis in Ukraine and China's lockdown of major cities over COVID-19. The local currency hit its lowest point against the US dollar in more than two years. The Korea Composite Stock Price Index (KOSPI) lost 14.25...

Bond issuance in South Korea decreased in April from the previous month due to concerns about the US-led tapering, industry data showed Tuesday. The value of bonds sold in Asia's fourth-largest economy came to 69.8 trillion won ($54.6 billion) in April, down 900 billion won from a month ago, according to the data from the Korea Financial Investment Association. The KOFIA attributed the issuance...