Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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Tensions heighten ahead of first president-opposition chief meeting
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Seoul to provide housing subsidy to married couples with newborns
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Rapper jailed after public street fight with another rapper
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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New head of doctors' association vows war in case of disadvantage to medical professors
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Seoul shares open higher on chip, bio gains
South Korean stocks opened higher Monday as chip and bio shares gained ground. The benchmark Korea Composite Stock Price Index added 5.86 points, or 0.23 percent, to 2,530.91 in the first 15 minutes of trading. Market bellwether Samsung Electronics climbed 1.09 percent, and No. 2 chipmaker SK hynix rose 0.75 percent. Samsung Biologics also added 0.67 percent, and Celltrion climbed 0.66 percent. Auto shares also started in positive terrain, with Hyundai Motor up 0.22 percent and its smaller affil
Jan. 15, 2024
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Financial authorities rule out possibility of bitcoin ETFs after US authorization
Financial authorities in South Korea will not review the necessity of exchange-traded funds linked to the spot price of bitcoin after the United States' authorization of such ETFs, a senior official said Sunday. The US Securities and Exchange Commission approved trading of ETFs tied to the spot price of bitcoin last week, in a landmark decision for the cryptocurrency investment. The official at financial authorities said, "The direction has been arranged to see the trend without review
Jan. 14, 2024
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Seoul shares down for 8th day on faster than expected US inflation, weak earnings
South Korean shares extended their losing streak to eight consecutive sessions Friday, marking the longest losing streak in more than 18 months following stronger than expected inflation in the United States. The Korean won fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index lost 15.22 points, or 0.60 percent, to close at 2,525.05. It marked the first time since May 2022 that the Kospi had dropped for eight consecutive sessions. Trade volume was moderate at 772.4
Jan. 12, 2024
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DGB chairman offers to step down
The chief of DGB Financial Group, the holding firm of leading regional lender Daegu Bank, decided to step down from his post Friday after being acquitted of bribery and embezzlement charges tied to the group’s overseas expansion plan this week. After about five years at the helm of the company, DGB Financial Group Chairman Kim Tae-oh, expressed his intent to not to seek a third term. His current two-year term ends in March. “The group needs new leadership capable of achieving sustain
Jan. 12, 2024
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Seoul shares open lower amid extended losing streak
South Korean stocks opened slightly lower Friday amid a prolonged losing streak ahead of the earnings season. The benchmark Korea Composite Stock Price Index shed 3.22 points, or 0.13 percent, to 2,537.05 in the first 15 minutes of trading. The Kospi has been on a seven-day losing streak. Large caps traded mixed. Market kingpin Samsung Electronics added 0.55 percent, with No. 2 chipmaker SK hynix gaining 0.29 percent and leading cosmetics firm Amore Pacific adding 0.79 percent. Top drugmaker Cel
Jan. 12, 2024
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Seoul shares close nearly flat ahead of US inflation data
South Korean shares closed a tad lower Thursday, extending their losing streak to a seventh consecutive session as investors awaited important US inflation data. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 1.71 points, or 0.07 percent, to close at 2,540.27. Trade volume was moderate at 740 million shares worth 10.7 trillion won ($8.15 billion), with losers outnumbering gainers 439 to 438. The Kospi had opened in positive terrain, slightly e
Jan. 11, 2024
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New trade minister vows to address supply chain risks for chips, batteries
South Korea's new trade minister said Thursday he will make efforts to address supply chain risks of the country's key export goods, including chips and batteries. "Major countries are competitively announcing trade policies with a focus on fostering and protecting their industries amid looming protectionism around the globe," Trade Minister Cheong In-kyo said. "Along with the lingering competition between the US and China, there are many factors that disrupt the supply
Jan. 11, 2024
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Seoul shares open nearly flat ahead of BOK rate decision
South Korean shares opened nearly flat Thursday as the country's central bank was set to hold a rate setting meeting later in the day. The benchmark Korea Composite Stock Price Index added 1.16 points, or 0.05 percent, to 2,543.14 in the first 15 minutes of trading. The Bank of Korea was scheduled to hold its monetary policy meeting later in the day, where it was widely expected to keep its key rate frozen for the eighth consecutive time. Investors are also awaiting the release of the US in
Jan. 11, 2024
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Seoul stocks extend losing streak to 6th day ahead of US inflation data
South Korean shares closed lower for the sixth consecutive session Wednesday as investors awaited US inflation data. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index dipped 19.26 points, or 0.75 percent, to close at 2,541.98. Trade volume was moderate at 555.7 million shares worth 8.46 trillion won ($6.4 billion), with losers outnumbering gainers 536 to 338. The Kospi stayed in negative terrain throughout the day, tracking overnight losses on
Jan. 10, 2024
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Seoul shares open lower on Wall Street losses
South Korean shares opened lower Wednesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index shed 4.34 points, or 0.17 percent, to 2,556.90 in the first 15 minutes of trading. Overnight, the Dow Jones industrial average lost 0.42 percent while the tech-heavy Nasdaq added 0.09 percent. In Seoul, large caps traded mixed. Market bellwether Samsung Electronics slipped 0.13 percent while No. 2 chipmaker SK hynix lost 0.87 percent. Leading drug maker Celltrion
Jan. 10, 2024
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Seoul shares fall for 5th straight day amid extended selling spree by institutions
South Korean shares closed lower Tuesday for a fifth consecutive session as institutions continued their selling spree. The local currency slightly rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 6.58 points, or 0.26 percent, to close at 2,561.24. Trade volume was moderate at 782.4 million shares worth 8.76 trillion won ($6.66 billion), with gainers outpacing loser 573 to 288. The Kospi stayed in positive terrain throughout the session following overnight gains o
Jan. 9, 2024
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Seoul shares open higher on Wall Street gains
South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 18.64 points, or 0.73 percent, to 2,586.46 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed up 0.58 percent, while the tech-heavy Nasdaq jumped 2.2 percent. In Seoul, most large caps were trading higher across the board. Market bellwether Samsung Electronics gained 0.26 percent, with No. 2 chipmaker SK hynix surging 1.76 p
Jan. 9, 2024
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Busy IPO pipeline expected in 2024
Hopes are high for the initial public offering market this year, backed by big-name deals and bullish market expectations. Though the local IPO market remained sluggish in early 2023 due to deteriorating investor sentiment, it slowly phased out of the slump later in the year as major deals took place, such as those involving energy storage device manufacturer LS Materials and resource recycling company DS Dansuk. Reflecting growing hopes for a turnaround of major economies’ monetary pol
Jan. 8, 2024
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Seoul shares down for 4th day ahead of key US economic data releases
Seoul shares ended lower for a fourth straight day Monday as investors sat on the sidelines ahead of the release of major US economic data, which will give clues on the Federal Reserve's monetary policy direction. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 10.26 points, or 0.4 percent, to close at 2,567.82. Trade volume was slim at 313.6 million shares worth 6.7 trillion won ($5.1 billion), with losers outpacing winners 500 to 358. Instit
Jan. 8, 2024
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Seoul shares open higher on tech gains
South Korean stocks opened higher Monday as big-cap technology shares gained ground. The benchmark Korea Composite Stock Price Index gained 9.90 points, or 0.38 percent, to 2,587.98 in the first 15 minutes of trading. Market bellwether Samsung Electronics climbed 0.91 percent, while No. 2 chipmaker SK hynix fell 0.51 percent. Leading battery maker LG Energy Solution added 0.48 percent, while its smaller rival Samsung SDI shed 0.56 percent. IT stocks were bullish, with internet portal operator Na
Jan. 8, 2024
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Seoul shares down for 3rd day on dampened hopes for Fed's early rate cuts
Seoul shares ended lower for a third straight day Friday, after robust employment data weighed on expectations for an early rate cut by the Federal Reserve this year. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 8.94 points, or 0.35 percent, to close at 2,578.08. The Kospi has fallen 2.9 percent this week. Trade volume was moderate at 514.78 million shares worth 8.27 trillion won ($6.28 billion), with losers outpacing winners 515 to 343. Overnig
Jan. 5, 2024
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Seoul shares down for 2nd day on overdone hope for Fed rate cuts
Seoul shares ended lower for a second straight day Thursday, after the latest Fed minutes indicated interest rates will remain at a high level for some time. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 20.29 points, or 0.78 percent, to close at 2,587.02. Trade volume was moderate at 761.45 million shares worth 8.84 trillion won ($6.8 billion), with losers outpacing winners 614 to 277. Institutions sold a net 800 billion won worth of stocks, out
Jan. 4, 2024
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Seoul shares open lower after Fed minutes
Seoul shares opened lower Thursday, following an overnight slump in US stocks, after the latest Fed minutes indicated interest rates will remain at high levels for some time. The benchmark Korea Composite Stock Price Index fell 10.97 points, or 0.42 percent, to 2,596.34 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.8 percent to 37,430.19, and the tech-heavy Nasdaq declined 1.2 percent to 14,592.21. Fed minutes from its December meeting indicated rates cou
Jan. 4, 2024
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Seoul shares dip over 2% on profit taking ahead of Fed minutes
South Korean stocks dropped by more than 2 percent Wednesday as investors sought to cash in recent gains ahead of the release of the Federal Reserve's latest minutes. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 62.50 points, or 2.34 percent, to close at 2,607.31, ending its four-day winning streak. Trade volume was moderate at 455.9 million shares worth 9.99 trillion won ($7.65 billion), with losers outpacing winners 610 to 279. Foreigners
Jan. 3, 2024
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Seoul shares open lower ahead of Fed minutes
Seoul shares opened lower Wednesday after a mixed close on Wall Street as investors await the release of the Federal Reserve's minutes for clues on the US central bank's future rate plans. The benchmark Korea Composite Stock Price Index fell 31.05 points, or 1.2 percent, to 2,638.76 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average inched up 0.07 percent to 37,715.04, but the tech-heavy Nasdaq fell 1.6 percent to 14,765.94. The Fed's latest minutes ar
Jan. 3, 2024