Contactless services have also gone mainstream in the second-hand car market with used car dealers increasingly adopting mobile technology to offer credible information on used cars. Joining in on the trend, auto financing firm Hyundai Capital launched an artificial intelligence-powered mobile platform in September last year, which helps consumers avoid low-quality used cars -- often called lemo...

South Korea received a top rating in an environment, social and governance assessment conducted by US credit rating agency Moody’s Investors Service, according to the Ministry of Economy and Finance on Tuesday. Moody’s has recently announced a list of 144 countries assessing their capabilities in handling ESG issues, with five classifications, including “positive” at the top and “very highly neg...

Stocks in carmaker Hyundai Motor and its auto parts-making affiliate Hyundai Mobis that Hyundai Motor Group Chairman Chung Euisun bought during the peak of the coronavirus crisis last year have tripled in value, according to data on Monday. When Hyundai Motor Group stocks hit the rock bottom in March last year, Chung purchased stocks valued more than 80 billion won. The purchase price of a Hyund...

The amount of funds entrusted to South Korea’s three leading robo-adviser firms exceeded 1 trillion won ($906 million), highlighting the fast growth of non-face-to-face investment services during the coronavirus crisis, according to market data on Sunday. Robo-adviser or automated asset management companies Fount, AIM and December & Company currently manage a total of 1.25 trillion won, up 402.9...

NXC, the holding company of South Korea’s largest game developer Nexon, has invested $16 million in SpaceX, the aerospace company run by electric carmaker Tesla CEO Elon Musk, the company said Thursday. “NXC invested $16 million in SpaceX’s fundraising round in August, in which the spaceflight company issued convertible preferred stocks,” said an NXC official, declining to comment on details of ...

Retail investors’ deposits for stock investments reached a record 72.3 trillion won ($66 billion) as of Monday, according to the Korea Financial Investment Association, a self-regulatory organization for the financial sector, Wednesday. It is the first time that the outstanding deposits for stock investment crossed the 70 trillion won mark since related data started to be compiled in 1998. The o...

The recent news of e-commerce unicorn Coupang going public as early as March has boosted stocks of partner companies in South Korea on Tuesday. Dongbang, a logistics firm that handles Coupang’s delivery services, saw its stock jump by a daily upper limit of 29.96 percent to reach 3,915 won ($3.56) in intraday trading on Tuesday. It also soared by the same percentage point a day earlier to close ...

Total sales transactions in South Korea’s housing market last year crossed the 300 trillion-won mark for the first time over abundant liquidity and low interest rates, according to a report released by property platform operator Zigbang on Monday. The report, based on the data of real transaction prices of houses last year, showed the sales volume reached an all-time high of 360.8 trillion won (...

The startup develops a four-legged robot that moves like a dog, multi-axis force sensors and robotic arms that can sense and dodge objects or humans on their own. The company’s quadruped robot, also named Aidin, uses torque sensors in its joints to cope with uneven ground and surfaces. “Enabling robots to move with four legs on the uneven ground in a stable manner requires a higher level of rob...

After US Congress confirmed Joe Biden as the presidential election winner, leading US stock benchmarks surged to record highs on Thursday (local time). South Korea’s main bourse also hit an all-time high in intraday trading on Friday. The Dow Jones Industrial Average, the index for 30 top-performing US firms, rose 0.69 percent to 31,041.13 while the tech-heavy Nasdaq Composite jumped 2.56 percen...

He added that the company would keep making efforts to expand its global presence, manage potential risks beforehand, seize opportunities in new segments while using emerging technology, such as artificial intelligence, big data and blockchain. Mentioning the ongoing spread of COVID-19, Korea Investment & Securities CEO Jung Il-mun stressed the need to routinize the company’s risk management to ...

Holdings of small shareholders in the nation’s largest company, Samsung Electronics, grew to 6.5 percent in 2020, up from 3.6 percent at the end of 2019, data showed Sunday. The number of small stockholders is expected to have more than tripled from 568,313 to 2 million during the same period. Small shareholders refer to individual investors who have less than a 1 percent stake. The portion of ...

Samsung Electronics Vice Chairman Lee Jae-yong has become South Korea’s richest stakeholder, replacing his father’s name that held the title for decades, data showed Wednesday. The vice chairman’s stock value stood at 9.07 trillion won ($8.35 billion) as of Tuesday, nearly 2 trillion won more than last year, according to CEO Score, a local corporate researcher. Stock ownership of the 49-year-ol...

South Korea’s housing price rally, sparked by a supply shortage and tightened regulations throughout the year, is likely to continue next year, stoking concerns about housing market instability. According to KB Financial Group in a report, housing prices across the country will see an upward march overall next year while two-year rentals requiring a refundable lump-sum deposit in lieu of monthl...

Cryptocurrency Bitcoin remained on an upward trend Monday, after crossing the 30 million-won ($27,300) mark for the first time in the South Korean market over the weekend. Hitting a high of 30.59 million won, the digital coin traded above the level of 30 million won throughout morning trading, according to Upbit, a cryptocurrency exchange run by financial technology firm Dunamu. The price of on...