Korean asset managers bank on virus recovery

South Korea’s asset managers are counting on the global recovery from the coronavirus pandemic as the country’s vaccination rollout gathers momentum. This, in turn, is adding fuel to Korean managers’ efforts to revisit industrial sectors that were hardest-hit by the virus. Shinhan Asset Management, an asset management arm of Korea’s banking group Shinhan, said on June 21 it plans to launch a second batch of its hybrid fund next week, in order to target companies reelin

[Life, Unprepared] S. Korea’s rapid financial digitalization in eyes of seniors

Lack of human touch, widening information gap leave seniors out in contactless era

Brokerage houses raise target prices for Kakao on business expansion

Backed by aggressive moves to go beyond its platform business, South Korean brokerage firms have painted a rosy outlook for Kakao and raised their target prices on the company, reports showed on June 21. Some analysts predicted the popular mobile messenger KakaoTalk operator’s stock price to rise as high as 200,000 won ($175.80), up from their prior target prices. The adjustment came after the company jumped to the third most valuable stock on the nation’s main board Kospi. “

Korea’s IPOs to break annual records

South Korea’s domestic capital market is gearing up for a record year with a parade of initial public offerings set to eclipse a decade-old annual record of 10.1 trillion won ($8.9 billion), thanks to game developer Krafton’s expected blockbuster debut. This comes as Korean companies’ initial public offerings this year have already put their combined fundraising to a near-2020 level, according to IPO prospectuses submitted to Korean financial authorities. Through June 20, 4

Busan Mayor Park Heong-joon maps out city’s future in 2030 World Expo bid

At the Busan Expo, we will be able to present a vision for the future where humans and technologies coexist at the center of global society in the midst of the period of 'great transition.'

Korean-learning app Mypool sets sights on beating rivals

After growing up in poverty, CEO believes education can change lives

South Korean researchers first to discover cause of rare hearing loss

South Korean researchers became the world’s first to discover a gene variant that causes a rare type of hearing impairment whose origins had so far remained unknown. The newly identified gene will help doctors better treat patients with auditory neuropathy spectrum disorder, or ANSD, and to find out if their condition can be improved through surgery, according to Dr. Choi Byung-yoon, Seoul National University Bundang Hospital’s otorhinolaryngology professor who led the research.

Saemangeum to be mecca of green industries in Korea

New vision includes to become west coast tourist attraction

Korea far behind world average in renewable energy

Korea ranks bottom among OECD countries in use of renewable energy

‘I felt like I got hit by truck’

Fever, headache, body aches observed 18 hours after vaccination

South Korea's housing market unperturbed by rate hike: experts

The likely scenario of South Korea’s central bank carrying out out a rate hike by the end of the year is unlikely to cool the heated housing market here, industry insiders said on Thursday, dismissing the impact of monetary policies on real estate prices that surged in recent months. The envisioned rate hike would lead to an increase in the interest rates for household loans and mortgages extended by local commercial banks. But the housing market is likely to stay hot for a while mainly d

Market drops over US Fed’s rate hike plan, but officials say Seoul safe from volatility

Kospi, crypto trade bearish on Fed’s hawkish stance, curbing confidence over economic recovery