Standard Chartered Bank Korea said Friday its net profit tumbled more than 50 percent in 2021 from a year earlier on large one-off costs. Combined net income stood at 127.9 billion won ($106 million) last year, down 50.3 percent from a year earlier, said the local unit of British banking giant Standard Chartered Bank. The lender said the bottom-line plunge is blamed on one-off costs worth 252.7...

South Korean stocks opened slightly higher Friday, as investors placed hopes on the ongoing fourth round of Ukraine-Russia peace talks after eased Fed uncertainties. The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.9 points, or 0.14 percent, to trade at 2698.41 points as of 9:15 a.m. Large caps traded mixed in Seoul. Market bellwether Samsung Electronics lost 0.7 percent, and No....

South Korean stocks rallied by more than 1 percent as the US Federal Reserve's monetary meeting results largely fell within investors' expectations and optimism for Russia-Ukraine peace talks. The Korean won soared by the largest margin in two years against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 35.28 points, or 1.33 percent, to close at 2,694.51 points....

South Korean stocks opened sharply higher Thursday, as the US Federal Reserve's monetary meeting results largely fell within expectations. The benchmark Korea Composite Stock Price Index (KOSPI) rose 44.5 points, or 1.67 percent, to trade at 2,703.73 points as of 9:15 a.m. Stocks lifted, taking a cue from the overnight stock rallies. The tech-heavy Nasdaq composite surged 3.77 percent, and the ...

(From left) Lee Jane, president of the Korea Women Startup Forum, Kim Sang-kyung, chairperson of the Korea Network of Women in Finance, EU Ambassador to Korea Maria Castillo-Fernandez, Sohn Byung-doo, chairman and CEO of the Korea Exchange, Kwon Choon-taek, secretary-general of the UN Global Compact Network Korea, Lee Bok-sil, president of the Women Corporate Directors Korea, and British Ambassad...

South Korean stocks rebounded Wednesday on the back of a steep fall in oil prices, ending a three-day losing streak. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index closed up 37.70 points, or 1.44 percent, at 2,659.23 points. Trading volume was moderate at about 727 million shares worth some 9.2 trillion won ($7.4 billion), with gainers outnumbering lo...

South Korean stocks opened higher Wednesday, tracking overnight rallies on Wall Street that stemmed from a plunge in oil prices. The benchmark Korea Composite Stock Price Index (Kospi) rose 18.55 points, or 0.71 percent, to trade at 2,640.08 points in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq composite surged 2.92 percent and the Dow Jones Industrial Average advanced 1.8...

South Korea's housing market sentiment shrank for the third straight month in March amid waning hopes of business improvements, a poll showed Tuesday. The Korea Housing Institute said its housing business sentiment index (HBSI), based on a survey of about 500 construction firms, stood at 66.2 for this month, down 1.7 points from the previous month. Yet March's on-month decrease was smaller than...

South Korean stocks opened lower Tuesday, taking a cue from overnight Wall Street losses ahead of the US Federal Open Market Committee (FOMC) meeting. The benchmark Korea Composite Stock Price Index (KOSPI) had decreased 13.62 points, or 0.51 percent, to 2,632.03 points as of 9:15 a.m. The tech-heavy Nasdaq composite lost 2.04 percent, and the Dow Jones Industrial Average closed flat. The US F...

South Korea’s NongHyup Bank has received preliminary approval from India’s financial authorities to establish a branch in the South Asian nation’s planned industrial city of Noida. If the branch is established, it will mark NongHyup’s second business entity in India, after its New Delhi office opened in 2016. The move to open a branch in Noida is part of NongHyup’s plan to have more than 14 busi...

South Korean stocks opened lower Monday, as investors took to the sidelines ahead of the US Federal Reserve's policy meeting this week. The benchmark Korea Composite Stock Price Index (Kospi) fell 8.25 points, or 0.31 percent, to 2,653.03 points as of 9:15 a.m. Stocks traded bearish, led by losses in tech companies that are usually more sensitive to borrowing costs, while financial heavyweights...

Foreign investors remained net sellers of South Korean stocks in February amid growing jitters over Russia's invasion of Ukraine, data showed Monday. Foreigners offloaded a net 2.58 trillion won ($2.09 billion) worth of local stocks last month, marking the second straight month of net selling, according to the data from the Financial Supervisory Service. Offshore investors' net selling stood at...

Hana Financial Group Vice Chairman Ham Young-joo has been cleared of any wrongdoing in the flagship bank’s hiring scandal, removing a major hurdle for him to take the reins of one of the biggest financial groups here. On Friday, the Seoul Western District Court found Ham not guilty of exercising his influence on a hiring request at Hana Bank when he was the CEO of the lender in 2015. The latest...

Foreign holdings of South Korean shares dropped to less than one-third of the market capitalization, as the Ukraine war prompted a sell-off, data showed Sunday. As of Friday, foreigners held 666 trillion won ($538 billion) in Korean stocks, representing just 31.86 percent in ownership of the 2,091 trillion-won market. The lowest point of foreign ownership before was in February 2016, when the f...

Foreign ownership of South Korean stocks fell to a six-year low, bourse data showed Sunday, as overseas investors preferred safer assets in the wake of the Ukraine crisis and ahead of a widely expected US rate hike. As of Friday, foreign investors held 666 trillion won (U$538 billion) worth of local stocks on the main KOSPI, accounting for 31.86 percent of the entire 2,091 trillion-won market ca...