Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Seoul’s bus union prepares for strike
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Seoul shares open higher on Wall Street gains
South Korean stocks opened higher Tuesday, tracking gains in Wall Street overnight amid speculation that the tight monetary policy by the Federal Reserve may persist for longer than expected. The benchmark Korea Composite Stock Price Index rose 16.01 points, or 0.67 percent, to 2,418.65 in the first 15 minutes of trading. US stocks rebounded Monday as investors hunted for bargains from last week's losses. Data showed new orders for capital goods in the world's largest economy increased
Feb. 28, 2023
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More robots lead to fewer workplace injuries: BOK
Industrial robots are found to have helped drastically reduce workplace injuries as well as improve the overall wellness of workers in labor-intensive industries, according to a report released by the Bank of Korea on Monday. The report analyzed the industrial impact of robot adoption across industries between 2010 and 2019, especially on the number of workplace injuries. According to the report, regions with more robots adopted saw fewer injuries at workplaces. More specifically, when an averag
Feb. 27, 2023
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Seoul shares open sharply lower on renewed US inflation woes
South Korean stocks got off to a weak start Monday, as stronger-than-expected economic data in the United States fueled worries the Federal Reserve will keep raising interest rates for some time. The benchmark Korea Composite Stock Price Index lost 28.85 points, or 1.19 percent, to 2,394.76 in the first 15 minutes of trading. U.S. personal consumption expenditures for January rose 0.6 percent, higher than the 0.2 percent gain in December. Consumer spending also went up at a faster pace in Januar
Feb. 27, 2023
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Seoul shares fall on tech losses amid rate hike uncertainty
South Korean stocks ended lower Friday on losses in big-cap tech shares amid caution over the United States' monetary policy path amid high inflation. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 15.48 points, or 0.63 percent, to close at 2,423.61. Trading volume was slim at 363.7 million shares worth 6.86 trillion won ($5.26 billion), with decliners outpacing gainers 662 to 222. The index opened higher, tracking US gains, but fell to n
Feb. 24, 2023
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Seoul shares open higher on tech gains
South Korean stocks opened slightly higher Friday, tracking Wall Street gains, as big-cap tech shares gathered ground. The benchmark Korea Composite Stock Price Index added 6.34 points, or 0.26 percent, to 2,445.43 in the first 15 minutes of trading. Overnight, US shares ended higher following a recent rout amid lingering uncertainties over the United States' monetary policy path to curb inflation. The Dow Jones Industrial Average rose 0.33 percent, and the tech-heavy Nasdaq Composite advan
Feb. 24, 2023
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Seoul shares close up after BOK's rate freeze
South Korean stocks finished higher on Thursday as investors got a much-awaited reprieve from consecutive rate hikes by the Bank of Korea. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 21.41 points, or 0.89 percent, to close at 2,439.09. Trading volume was a bit slim at 393.06 million shares worth 7.33 trillion won ($5.65 billion), with gainers outpacing losers 510 to 362. Institutions and foreign investors combined bought a net 300.87 billi
Feb. 23, 2023
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Seoul shares open higher amid rate hike woes
South Korean stocks opened higher Thursday amid lingering concerns over more interest rate hikes. The benchmark Korea Composite Stock Price Index had gained 18.54 points, or 0.77 percent, to 2,436.22 in the first 15 minutes of trading. The Bank of Korea is scheduled to hold its rate-setting meeting later in the day. It raised its benchmark interest rate by a quarter percentage point in January to 3.5 percent to tackle persistently high inflation. It was its seventh straight rate hike since April
Feb. 23, 2023
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Seoul stocks end sharply lower on rate hike fears
South Korean stocks closed markedly lower Wednesday on worries over higher borrowing rates ahead of the release of the Federal Reserve's latest minutes. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index shed 41.28 points, or 1.68 percent, to close at 2,417.68. Trading volume was moderate at 414.1 million shares worth 8.19 trillion won ($6.28 billion), with losers far outpacing gainers 757 to 147. Institutions and foreign investors combined
Feb. 22, 2023
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Seoul shares open sharply lower on rate hike woes
South Korean stocks opened sharply lower Wednesday, tracking a Wall Street plunge overnight, on worries over higher borrowing rates ahead of the release of the Federal Reserve's latest minutes. The benchmark Korea Composite Stock Price Index had shed 34.26 points, or 1.39 percent, to 2,424.70 as of 9:15 a.m. Wall Street dropped overnight as market sentiment was weighed down by fears about higher rates for a longer period of time. Investors are concerned that the Fed will continue to raise r
Feb. 22, 2023
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Seoul shares end tad up amid rate hike concerns
South Korean stocks finished slightly higher Tuesday as traders remained uncertain about how aggressive the US Federal Reserve will be in raising interest rates to fight inflation. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.84 points, or 0.16 percent, to close at 2,458.96 won. Trading volume was moderate at 486.86 million shares worth 7.21 trillion won ($5.56 billion), with gainers outpacing decliners 549 to 323. The index had fluctuated b
Feb. 21, 2023
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[Herald Interview] Align Partners CEO faces off against SM founder, Hybe
A two-year-old activist fund that triggered a controversial corporate ownership battle between two K-pop powerhouses said it will persistently demand governance improvement of SM Entertainment until it makes substantial profit. With only a 1.1 percent stake, Seoul-based Align Partners has been shaking up the governance structure of SM Entertainment, which is behind stars like NCT, EXO and aespa, by gathering minority shareholders. Align’s shareholder campaign against the K-pop juggernaut
Feb. 21, 2023
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Seoul shares open tad lower on rate hike concerns
South Korean stocks opened slightly lower Tuesday as traders remained uncertain about the US Federal Reserve's future monetary policy to curb inflation. The benchmark Korea Composite Stock Price Index had shed 7.36 points, or 0.3 percent, to 2,447.76 in the first 15 minutes of trading. US financial markets closed Monday for the Presidents' Day holiday. On Friday, Wall Street ended mixed as stronger-than-expected US inflation readings and a low unemployment rate reinforced investors
Feb. 21, 2023
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Seoul shares inch up amid inflation woes
South Korean stocks ended slightly higher Monday as investors remain cautious about the United States' monetary policy path amid high inflation. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 3.91 points, or 0.16 percent, to 2,455.12. Trading volume was a bit slim at 382.21 million shares worth 7.43 trillion won ($5.74 billion), with gainers outpacing decliners 560 to 320. The index opened markedly lower but rose to positive terrain afte
Feb. 20, 2023
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Seoul shares open lower on tech losses
South Korean stocks opened lower Monday as big-cap tech shares lost ground amid persistent concerns over the aggressive monetary tightening by the US Federal Reserve to curb inflation. The benchmark Korea Composite Stock Price Index shed 12.70 points, or 0.52 percent, to 2,438.51 in the first 15 minutes of trading. On Friday, US shares ended mixed amid uncertainty over future rate hikes. The Dow Jones Industrial Average rose 0.39 percent, while the tech-heavy Nasdaq Composite fell 0.58 percent.
Feb. 20, 2023
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Seoul shares open lower amid rate hike woes
Seoul shares opened lower Friday as traders assessed the impact of more hotter-than-expected US inflation data on the Federal Reserve's monetary tightening policy down the road. The benchmark Korea Composite Stock Price Index fell 18.92 points, or 0.76 percent, to 2,456.56 in the first 15 minutes of trading. Overnight, Wall Street closed down, with the Dow Jones Industrial Average falling 1.26 percent and the tech-heavy Nasdaq Composite shedding 1.78 percent. The S&P 500 retreated 1.38
Feb. 17, 2023
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Seoul shares end higher on institutional buying amid rate woes
Seoul shares ended higher Thursday tracking Wall Street gains, as institutional investors scooped up large-cap stocks amid concerns over the Federal Reserve's further rate hikes. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 47.58 points, or 1.96 percent, to close at 2,475.48. Trading volume was moderate at 378.9 million shares worth 8.97 trillion won ($6.98 billion), with gainers outpacing decliners 671 to 213. Overnight, the Dow Jones Indu
Feb. 16, 2023
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Banks under fire for ‘insufficient’ contribution to Korean society
Local banks are hurriedly laying out plans to carry out profit-sharing corporate social responsibility activities after President Yoon Suk Yeol condemned them for enjoying hefty bonuses even as people suffer under higher interest rates. But the efforts appear to be falling short of quelling public criticisms. According to the Korea Federation of Banks on Wednesday, its new social corporate responsibility project will bring a support effect of around 10 trillion won ($7.8 billion) to society ov
Feb. 16, 2023
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Seoul shares open higher on US gains amid rate woes
Seoul shares opened higher Thursday, tracking overnight gains on Wall Street, amid concerns over the US Federal Reserve's continued rate hikes to tame inflation. The benchmark Korea Composite Stock Price Index rose 22 points, or 0.91 percent, to 2,449.90 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.1 percent to 34,128.05 and the tech-heavy Nasdaq Composite climbed 0.9 percent to 12,070.59. Investors now await US employment data to be released Thursd
Feb. 16, 2023
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Seoul shares open lower amid rate hike worries
Seoul shares opened lower Wednesday as investors assess higher-than-expected US inflation data and the Federal Reserve's comments hinting at rate increases, which may portend a longer-than-expected period of monetary tightening to combat inflation. The benchmark Korea Composite Stock Price Index fell 9.95 points, or 0.40 percent, to 2,455.69 in the first 15 minutes of trading. Overnight, US stocks ended mixed, with the Dow Jones Industrial Average falling 0.5 percent to 34,089.27 and the te
Feb. 15, 2023
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Mirae Asset bolsters US market presence with ETF arm Global X
Mirae Asset Global Investments has made a big stride forward in the US exchange-traded funds market in the last five years following its acquisition of New York-based fund management firm Global X. ETF provider Global X had about 8 trillion won ($6.29 billion) in managed assets when it was taken over by the Korean asset manager in 2018, the current AUM increased by six times to 45 trillion won as of end of 2022, according to Mirae Asset Global Investments on Tuesday. Global X’s five-year c
Feb. 14, 2023