The price index gap between South Korea's main and secondary bourses has hit a new high as the current bull run of the local stock market is driven largely by big caps, data showed Tuesday. The benchmark Korea Composite Stock Price Index climbed 0.42 percent to finish at a fresh high of 2,388.66 on Monday, while the key index of the minor KOSDAQ market fell 0.09 percent to 668.36. The differenc...

South Korean shares opened marginally lower Tuesday as investors opted to cash in part of recent gains. The benchmark Korea Composite Stock Price Index slipped 1.34 points, or 0.06 percent, to 2,387.32 in the first 15 minutes of trading. Most large caps traded mixed with market kingpin Samsung Electronics falling 0.62 percent. Top automaker Hyundai Motor declined 0.91 percent, and top steelmak...

The main bourse in South Korea resumed its record run in 11 trading days on Monday. The benchmark Korea Composite Stock Market Index closed at 2,388.66, up 0.42 percent, or 10.06 points from Friday closing. The index hit the record-high after it closed at the previous record at 2,381.69 on June 9. The Kospi inched close to the 2,400 mark by hitting its intraday high at 2,390.70 in the late afte...

The ongoing lawsuit raised in 2016 by a Coffee Bean and Tea Leaf franchise in China against Mirae Asset Financial Group and Chairman Park Hyeon-joo has become more complicated, as the franchise’s CEO has filed another lawsuit against the group’s private equity CEO and an executive on perjury charges. The legal battle dates back to May 2014 when Kwon Joon, CEO of TNPI HK, sued Mirae Asset Chairma...

The prolonged slump in crude oil prices may put a damper on the South Korean central bank’s anticipated monetary tightening, industry watchers said Monday. This came after oil prices spiraled to a record-low the previous week and the Bank of Korea Gov. Lee Ju-yeol picked the latest fluctuation on the oil price as one of the “external downside risks” in carrying out its monetary policy. “The pro...

The Financial Supervisory Service said Sunday it has been in talks with the Financial Services Commission to raise the attention of the debts of the self-employed. The FSS and the FSC are reportedly focusing on breaking down the debts owed by the self-employed and helping the Moon Jae-in administration tackle and contain the rise of household debt. The government is set to announce a comprehensi...

Korea Exchange’s Happy Foundation is closing off the first half of this year with expanded social responsibility projects nationwide and overseas, ranging from offering financial education to information technology training. The foundation, set up in March, 2011, operates under the mission of sharing the growth from the capital market and the stock exchange market to ultimately create a positive...

From 31-year-old Kim Ka-ram, who landed a marketing job after some 100 tries, to 49-year-old Kim Eun-young, who was hired by a manufacturing company after seeking to rejoin the workforce after raising her children, scores of job seekers have come out satisfied from a job fair hosted by KB Kookmin Bank. They were part of the nation’s largest single job fair, named KB Good Job, held from Thursday ...

South Korea’s central bank on Thursday warned that the number of highly-indebted households at default risk could go even higher with interest rates in the financial market likely to rise in coming years. In a bi-annual financial stability report submitted to the National Assembly, the Bank of Korea said households’ debt-to-disposable income rose to 153.3 percent as of the end of March, up 8.6 p...

Item trading involving cash exchange is often seen as the culprit behind game-related crimes in South Korea, even causing cases of fraud or physical violence among game players. The feature is also behind the popularity of, or the gamers’ obsession with, South Korea‘s first-generation massively multiplayer online role-playing PC game “Lineage.” More recently, item trading has apparently become ...

South Korean stocks ended slightly higher Thursday as investors scooped up large-cap stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 12.84 points, or 0.54 percent, to 2,370.37. Individuals bought a net 75.68 billion won ($65 million) worth of stocks. Foreigners also turned net buyers of domestic stocks worth more than 17 billion won. But i...

To help startups prepare for the future, Korea Development Bank has been running the “KDB Next Round” program that helps link companies with new investors. First launched in August last year, KDB’s Next Round was introduced in an effort to minimize market friction and promote market expansion in order to further develop startup investments in the wake of the “fourth industrial revolution.” Th...

South Korean shares extended gains late Thursday morning as foreigners turned net buyers. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index rose 7.19 points, or 0.30 percent, to 2,364.72 as of 11:20 a.m. Individuals bought a net 148.91 billion won ($131 million) worth of stocks. But institutions dumped holdings. Large-cap stocks were mostly trading highe...