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Mon, March 30, 2020 | 16:15

KDB allowed to keep owning life insurer without paying fine

KDB allowed to keep owning life insurer without paying fine

The Korea Development Bank (KDB) will not have to pay a fine over its delayed sale of KDB Life Insurance after the financial authorities concluded that the state-run lender - the owner of the life insurer for more than 10 years - had not violated the law.

Park Jae-hyuk | 2020-03-30 14:55

COVID-19 changes pecking order of large-cap stocks

COVID-19 changes pecking order of large-cap stocks

Since the first case of COVID-19 was confirmed in Korea back on January 20, the KOSPI has seen 385.92 trillion won ($316.32 billion) in market capitalization evaporate, reducing the total market cap of the main bourse to 1,138.46 trillion won as of March 27. The nation's secondary Kosdaq market has also shrunk by 58.65 trillion won, with its total market cap standing at 188.2...

Anna J. Park | 2020-03-30 10:00

Mirae Asset emerges as leader in alternative investments

Mirae Asset emerges as leader in alternative investments

Mirae Asset Global Investments has solidified its position as an alternative investment leader here, continuing to offer investors a variety of opportunities to invest in overseas assets. Currently the firm sells over 1,700 products in 36 countries, and 47 percent of its total Assets Under Management (AUM) of 172 trillion won ($141 billion), as of the end of February, is inve...

Anna J. Park | 2020-03-29 16:33

Falling housing prices

Falling housing prices

People pass by a real estate agency in Seoul, Sunday. According to real estate tracker, Real Estate 114, the average price of apartments in Seoul dropped this week for the first time in 10 months, due to the COVID-19 pandemic-led economic slowdown and tightened government regulations. / Yonhap

Park Jae-hyuk | 2020-03-29 15:30

Will insurance shares jump on CEO buybacks?

Will insurance shares jump on CEO buybacks?

Many insurance firm CEOs have been buying back large amounts of firm shares over the past few weeks, fanning expectations that the recent nosedive in stock value in a tumbling market will recover sooner than expected, industry data showed Friday.

Lee Kyung-min | 2020-03-27 16:44

Foreigners dump blue chips, buy growth stocks amid turbulence

Foreigners dump blue chips, buy growth stocks amid turbulence

Since the local market crash at the beginning of the month, foreign investors have continued to dump local stocks - so far they have net sold 11.15 trillion won ($9.09 billion). Stocks that they threw away are mostly large-cap ones, such as those in the semiconductor, car and energy sectors, as these are expected to be most exposed to any looming economic recession.

Anna J. Park | 2020-03-27 08:40

Samsung a safe asset in coronavirus-driven downturn?

Samsung a safe asset in coronavirus-driven downturn?

Samsung Electronics is considered by many to be one of the best blue chip stocks in Korea. The stock of the global tech-giant not only accounts for the largest share of the total amount of market capitalization on the Korea Exchange, it has had one of the most solid increase rates over the past decades. Even amid the COVID-19 pandemic spread, while the benchmark KOSPI fell by...

Anna J. Park | 2020-03-26 14:49

Moody's may cut ratings for four regional banks, IBK Securities

Moody's may cut ratings for four regional banks, IBK Securities

Moody's is considering downgrading ratings for four regional banks and IBK Securities, as their credit quality is expected to deteriorate due to the coronavirus-induced economic shock. The banks are Busan, Daegu, Jeju and Kyongnam banks, all of which are the most exposed to a possible global contraction, the credit agency said.

Lee Min-hyung | 2020-03-25 17:03

Massive rescue packages rev up local markets

Massive rescue packages rev up local markets

The Korean stock market went on a two-day long rally until Wednesday, as the introduction of stronger sets of pump-priming measures by the Korean and the U.S. governments strengthened investors' confidence against the coronavirus.

Lee Min-hyung | 2020-03-25 17:02

Korea fails to attract more foreign financial firms

Korea fails to attract more foreign financial firms

The number of foreign financial firms' branches operating in Korea has slightly decreased over the past five years, as firms leaving the country outnumbered those opening new branches here. Although not a significant change, it may come as a big disappointment for the Seoul government which has sought to transform the country into a financial center in Northeast Asia since it...

Anna J. Park | 2020-03-24 10:48

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