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Tue, June 2, 2020 | 00:31

KOSPI's price-earnings ratio hits highest level in 10 years

KOSPI's price-earnings ratio hits highest level in 10 years

Concern has been raised as to whether the KOSPI is overvalued, as shown in the record-high rise in the price-earnings ratio (PER) level over a decade. According to the Korea Exchange (KRX), the benchmark index' PER, as of May 27, logged 19.6, which is the highest since April 2010, when the figure exceeded 20. The PER is the ratio of a company's stock price to the company's ea...

Anna J. Park | 2020-06-01 16:26

KB Kookmin Card rejects Fitch's ratings downgrade

KB Kookmin Card rejects Fitch's ratings downgrade

KB Kookmin Card is facing growing concerns over its international creditworthiness after the credit card issuing unit of KB Financial Group requested Fitch Ratings to withdraw its ratings that were downgraded recently amid the COVID-19 pandemic.

Park Jae-hyuk | 2020-06-01 16:05

Hana Financial launches digital-driven non-life insurer

Hana Financial launches digital-driven non-life insurer

Hana Financial Group on Monday launched a digital-driven non-life insurer, Hana Insurance, formerly The-K Non Life Insurance, about a month after finishing legal procedures to take over the mid-tier insurance company. Hana Insurance is Hana Financial's first non-life business affiliate, with the newly launched entity becoming the group's 14th financial subsidiary.

Lee Min-hyung | 2020-06-01 15:57

[STOCK Watch] Samsung Electronics' stock expected to gain momentum

[STOCK Watch] Samsung Electronics' stock expected to gain momentum

Despite its rather sluggish rebound from the shock from the COVID-19 pandemic, Samsung Electronics' stock price is expected to continue to rise, as market analysts predict the global chipmaker's revenues will improve from the third quarter.

Anna J. Park | 2020-06-01 10:42

Default concerns grow amid low interest

Default concerns grow amid low interest

Economists expressed concerns Sunday over household and corporate debt extended by government-backed lending programs introduced as part of a relief package amid the COVID-19 pandemic.

Lee Kyung-min | 2020-05-31 17:15

Record-low interest rate to push down mortgage rate

Record-low interest rate to push down mortgage rate

Borrowing costs for households including mortgages will decrease starting today following a record-low key base interest rate set by the central bank.

Lee Kyung-min | 2020-05-31 17:15

US-China tension to continue through Nov.

US-China tension to continue through Nov.

The recent re-escalation of the drawn-out trade feud between the U.S. and China will continue as neither of the world's two largest economies will give up in the hegemony-oriented power struggle spilling over to technology and financial markets, experts said Monday.

Lee Kyung-min | 2020-05-31 09:44

Seoul stocks to move in tight range amid escalating US-China tensions

South Korean shares are expected to move in a tight range next week amid escalating U.S.-China tensions, analysts said Saturday.

2020-05-30 11:24

'Digitization will underpin economic growth in post-virus era'

'Digitization will underpin economic growth in post-virus era'

Financial and business leaders here have vowed to place digitization as a top management strategy, with contactless economic activities emerging as a “new normal” in the post-coronavirus world, they said on the sidelines of the 2020 Korea Times Forum. The global economic environment was faced with a structural slowdown even before the COVID-19 outbreak but most financial play...

Lee Min-hyung | 2020-05-28 05:29

'COVID-19 accelerating arrival of Asian Century'

Average daily trade at KRX gold market on the rise amid pandemic

Average daily trade at KRX gold market on the rise amid pandemic

As investors opt to choose safer assets during the unprecedented economic uncertainty due to COVID-19, demand for gold has been on a continual rise. International gold prices posted an increase of 18.2 percent in 2019, and this has risen to $1.725.89 as of May 25, another 14 percent increase from the end of last year.

Anna J. Park | 2020-05-27 16:48

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