Lee Bok-hyun, chief of the Financial Supervisory Service, is heading to Southeast Asia this week to promote the globalization of South Korea’s financial markets and attract global investors, the financial watchdog said Tuesday. The FSS chief, accompanied by representatives from Korean financial companies, was scheduled to visit Thailand, Singapore and Indonesia and hold investor relations events...

South Korean stocks opened a tad lower Tuesday as Wall Street ended mixed ahead of key US inflation data. The benchmark Korea Composite Stock Price Index slipped 5.59 points, or 0.22 percent, to 2,507.62 in the first 15 minutes of trading. On Wall Street, the Dow Jones Industrial Average closed down 0.17 percent and the Nasdaq Composite added 0.18 percent as investors awaited consumer price dat...

Seoul shares ended higher Monday, following US stocks' rally last week, with investors staying cautious about the Federal Reserve's further rate hikes to tame inflation. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index went up 12.27 points, or 0.49 percent, to 2,513.21. Trading volume was moderate at 645.61 million shares worth 9.06 trillion won ($6.8 b...

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Seoul shares opened higher Monday, tracking gains on Wall Street last week, with investors staying concerned over the US Federal Reserve's further rate hikes to tame inflation. The benchmark Korea Composite Stock Price Index rose 20.83 points, or 0.83 percent, to 2,521.77 in the first 15 minutes of trading. The main index stayed nearly unchanged last week, closing 0.02 lower at 2,500.94 on Thur...

South Korean stocks closed almost flat Thursday, after the US Federal Reserve spurned the possibility of an imminent end to the rate hike cycle and ruled out that a rate cut is unlikely to happen anytime soon. The local currency gained sharply against the US dollar. The benchmark Korea Composite Stock Price Index fell 0.46 points, or 0.02 percent, to 2,500.94. Trading volume was moderate at 797....

South Korean stocks opened marginally lower Thursday after the US Federal Reserve threw cold water on market expectations that the rate hike cycle is soon nearing an end, ruling out the possibility of a rate cut this year. The benchmark Korea Composite Stock Price Index slipped 3.42 points, or 0.14 percent, to 2,497.98 in the first 15 minutes of trading. Fed Chair Jerome Powell said after its p...

South Korean stocks snapped a three-day winning streak on Wednesday as uncertainties surrounding the US banking crisis reignited recession fears ahead of the Federal Reserve's policy meeting this week. The local currency edged up against the US dollar. The benchmark Korea Composite Stock Price Index retreated 22.99 points, or 0.91 percent, to close at 2,501.40. Trading volume was moderate at 877...

South Korean stocks opened lower Wednesday on renewed fears over the US banking crisis following the auction of a US regional bank ahead of the Federal Reserve's policy meeting this week. The benchmark Korea Composite Stock Price Index slid 13.66 points, or 0.54 percent, to 2,510.73 in the first 15 minutes of trading. Wall Street ended the session down overnight as uncertainties arose over the ...

South Korean stocks closed higher Tuesday to extend their winning streak to a third day ahead of the US Federal Reserve's policy meeting later this week. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 22.86 points, or 0.91 percent, to finish at 2,524.39. Trading volume was moderate at 691.3 million shares worth 9.79 trillion won ($7.3 billio...

Group seeks deals in Southeast Asia, more investment banking in US, Europe

South Korean stocks opened higher Tuesday, as investors await to see a widely expected interest rate hike by the US Federal Reserve in the policy meeting later this week. The benchmark Korea Composite Stock Price Index rose 17.57 points, or 0.7 percent, to trade at 2,519.10 in the first 15 minutes of trading. The Fed is expected to raise the interest rate by another 0.25 percentage point at the...

The authorities are scrambling to respond to what could be one of the largest stock price manipulation cases in recent years. The authorities, including the Financial Supervisory Services, are investigating deals involving the stocks of eight companies, the combined market capitalization of which fell around 8 trillion won this week. The shares of the companies -- Samchully, Daesung Holdings, S...

South Korean stocks ended higher Friday as chips and platform shares gathered ground on expectations for a better outlook despite recession woes. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 5.72 points, or 0.23 percent, to close at 2,501.53, extending the winning streak to a second session. Trading volume was moderate at 762.56 million sh...

South Korean stocks opened higher Friday, tracking overnight gains on Wall Street, as major chipmakers and platform operators gathered ground on hope of a better outlook. The benchmark Korea Composite Stock Price Index added 6.72 points, or 0.27 percent, to 2,502.53 in the first 15 minutes of trading. Overnight, US shares ended higher as Meta Platforms' upbeat quarterly earnings report boosted ...