South Korean stocks closed lower Wednesday, as investor sentiment was dampened by deepening concerns over a global economic slowdown amid high inflation and the continued antivirus lockdown in China. The local currency fell sharply against the US dollar. The Korea Composite Stock Price Index (Kospi) lost 1.10 percent, or 29.25 points, to close at 2,639.06. Trading volume was moderate at 1.06 bi...

South Korean stocks opened sharply lower Wednesday, tracking overnight losses on Wall Street, as investors worried about a global economic slowdown over the continued lockdown in China and inflation woes. The Korea Composite Stock Price Index (Kospi) lost 49.43 points, or 1.85 percent, to 2,618.88 in the first 15 minutes of trading. Overnight, US stocks tumbled amid fears of an economic slowdow...

South Korean stocks closed higher Tuesday, snapping a two-day losing streak, on optimism over corporate earnings amid lingering concerns about the potential economic impact from the widely expected US monetary tightening. The local currency fell against the US dollar. The Korea Composite Stock Price Index (KOSPI) climbed 0.42 percent, or 11.18 points, to close at 2,668.31. Trading volume was hea...

The daily foreign exchange (FX) trading by banks in South Korea hit a record high in the first quarter as currency market volatility increased and trade expanded, central bank data showed Tuesday. The daily FX turnover including trading of derivatives came to an average of $65.55 billion in the January-March period, up 14.9 percent from three months earlier, according to the data from the Bank o...

South Korean stocks opened higher Tuesday, led by a rise in auto and chemical companies, amid sound earnings reports and overnight gains on Wall Street. The Korea Composite Stock Price Index (KOSPI) climbed 10.69 points, or 0.4 percent, to 2,667.82 in the first 15 minutes of trading. US stocks finished higher Monday on the back of an advance in tech stocks. The Dow Jones Industrial Average ros...

South Korean stocks fell for a second straight session to retreat more than 1.5 percent Monday, as worries over the US Federal Reserve signaling an aggressive rate hike next week dampened investor sentiment. The local currency fell against the US dollar. The Korea Composite Stock Price Index (Kospi) closed down 1.76 percent, or 47.58 points, to 2,657.13. Trading volume was heavy at 988.3 million...

The entrance to a joint brick-and-mortar branch launched by Hana Bank and Woori Bank is seen in Shinbong-dong of Yongin, Gyeonggi Province, on Monday. It is the first such joint branch in the local banking industry that has seen a growing number of closures in recent years with lenders focusing on mobile and online businesses. The idea of opening a co-branch is to offset customer inconvenience, p...

Once skeptical of Seoul as startup incubator, Singaporean VC Antler now operates W30b funding for over 100 local startups

Kakao, CJ likely to compete head-on to become K-pop giant’s largest shareholder

South Korean stocks retreated Friday as the US Federal Reserve chief signaled interest rates would be aggressively raised. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) fell 23.5 points, or 0.86 percent, to close at 2,704.71 points. The key stock index gained 0.32 percent from a week ago. Daily trading volume was moderate at about 1.21 billio...

South Korean stocks opened steeply lower Friday as the US Federal Reserve chief signaled interest rates would be aggressively raised. The benchmark Korea Composite Stock Price Index (Kospi) retreated 29.17 points, or 1.07 percent, to trade at 2,699.04 in the first 15 minutes of trading. Stocks got off to a lackluster start, tracking overnight Wall Street losses. The tech-heavy Nasdaq composite ...

South Korean shares closed higher on Thursday as institutional investors picked up large-cap chipmakers. The Korean won weakened against the US dollar. After a choppy session, the benchmark Korea Composite Stock Price Index (KOSPI) went up 9.52 points, or 0.35 percent, to 2,728.21 points. Around 988 million shares worth some 9.87 trillion won ($8 billion) changed hands, with gainers slightly ou...

South Korean tech behemoth Samsung Electronics saw its presence on the main bourse drop to the lowest in 34 months in terms of market capitalization, data showed Thursday, with analysts pointing to volatilities caused by the global supply bottleneck and foreigners’ selling spree. Samsung’s value stood at some 402.9 trillion won ($325.7 billion) as of April 14, accounting for 18.91 percent of the...

Local drug developer GI Innovation has submitted a preliminary application for listing on the country’s secondary tech-heavy bourse Kosdaq with its eyes set on going public in the second half of the year, the company said Thursday. GI Innovation’s initial public offering will be carried out under Kosdaq’s special listing track, known as the “unicorn special listing.” The Korea Exchange establis...