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Finance

Markets

Wed, April 21, 2021 | 04:03

KOSPI closes at new high

An electronic board at a dealing room of Hana Bank in Seoul shows the KOPSI's closing price Tuesday. The benchmark index closed at a new high of 3,220.7, up 21.86 points or 0.68 percent from the previous session. Yonhap

Lee Min-hyung | 2021-04-20 16:57

Daewoo E&C shares rise on reports of merger talks

Daewoo Engineering & Construction shares closed up over 5 percent on Tuesday on news that the builder is up for sale again.

Anna J. Park | 2021-04-20 16:55

Fear of 'mass shutdown' of crypto exchanges looms large in Korea

With most cryptocurrency exchanges in Korea facing “mass shutdowns,” retail investors are urged to pay closer attention to a regulation-induced upheaval in the virtual asset industry here. Under the so-called Special Financial Information Act, any virtual asset exchange can no longer operate here unless they secure real-name bank accounts for users following a grace period th...

Lee Min-hyung | 2021-04-20 16:16

SIGNET EV's stock price soars on news of SK acquisition

SIGNET EV, a Korean manufacturer of electric vehicle (EV) chargers, saw its stock price continue to rise, reaching a 52-week record high Friday, on news that SK Inc. had decided to acquire the firm. SIGNET EV is listed on the Korea New Exchange or KONEX, a securities exchange exclusively for small and medium-sized companies as well as venture startup firms.

Anna J. Park | 2021-04-17 09:43

Seoul stocks up for 5th session on economic rebound hope

Korean shares advanced for the fifth day Friday, finishing just shy of the 3,200-point mark, as expectations of a global economic rebound and sound corporate earnings boosted investor sentiment. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.29 points, or 0.13 percent, to close at 3,198.62 points.

2021-04-16 17:46

Cryptocurrency turnover in Korea doubles over past month

The cryptocurrency turnover in Korea has more than doubled over the past month, a market tracker said Friday, as retail investors scramble to the virtual currency amid the fallout of the coronavirus pandemic. The combined turnover of 14 cryptocurrency exchanges in Asia's fourth-largest economy came to $21.63 billion as of 4 p.m. Thursday, according to CoinMarketCap.

2021-04-16 17:45

Kakao's lucrative affiliate, Kakao Commerce, yet to go public

While Kakao's various affiliates have announced plans to go public within a couple of years, the big tech giant's most lucrative subsidiary, Kakao Commerce, has yet to reveal any plans for an IPO.

Anna J. Park | 2021-04-16 16:51

KT considers acquiring Banksalad

KT's next acquisition target could be a popular asset-management app called “Banksalad.” The telecom firm is in the process of revamping its financial businesses to attain a leading position in Korea's burgeoning data-driven financial industry. According to industry sources and media reports, Friday, KT is in talks with the asset management app operator to acquire a controlli...

Park Jae-hyuk | 2021-04-16 16:18

Korean crypto exchanges Upbit and Bithum shine after Coinbase's Nasdaq debut

Major cryptocurrency exchanges based in Korea, including Upbit and Bithumb, are in the spotlight following the successful Nasdaq debut Wednesday of U.S.-based cryptocurrency exchange Coinbase, which closed up 31.3 percent at $328.28 on its first day of trading.

Anna J. Park | 2021-04-15 17:28

Kakao shares soar after 5-for-1 stock split

Kakao shares finished sharply higher, Thursday, when trading resumed of stocks issued by the nation's leading mobile platform operator after its 5-for-1 stock split. The stock price of Kakao closed at 120,500 won ($107.82), up 8,500 won or 7.59 percent from the previous session. Trading of Kakao shares was suspended for three days from Monday due to its stock split.

Lee Min-hyung | 2021-04-15 16:40

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