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Sun, July 5, 2020 | 22:31

COVID-19 lifts gold market in Korea

COVID-19 lifts gold market in Korea

Gold has been shining here as lingering uncertainties caused by the COVID-19 pandemic crisis are forcing more risk-averse investors to scramble for the precious metal. The traditional safe haven asset's price has risen by more than 20 percent during the past six months. According to the Korea Exchange (KRX) Sunday, the price of one gram of gold stood at 68,640 won ($57.22) as...

Anna J. Park | 2020-07-05 16:15

Top Korean exporters unlikely to exit Hong Kong

Top Korean exporters unlikely to exit Hong Kong

Top South Korean exporters are considering their options, including possibly quitting Hong Kong, amid growing concerns about the Chinese central government's newly-instituted national security laws.

Kim Yoo-chul | 2020-07-03 17:00

Samsung SDS wins mega KDB deal

Samsung SDS wins mega KDB deal

Samsung SDS was chosen as the preferred negotiator for Korea Development Bank's (KDB) IT system management project, a deal valued at an estimated 287 billion won ($239 million).

Lee Min-hyung | 2020-07-03 16:38

SK Biopharm hits daily ceiling on 1st trading day

SK Biopharm hits daily ceiling on 1st trading day

On the first day of SK Biopharmaceuticals' trading on the nation's benchmark KOSPI, the biopharma company's stock price reached a daily price limit soon after the stock market opened Thursday.

Anna J. Park | 2020-07-02 16:54

KIC aims to manage $400 billion by 2035

KIC aims to manage $400 billion by 2035

The Korea Investment Corporation (KIC) seeks to increase the size of assets under its management to $400 billion by 2035 from the current $150 billion, according to the head of the nation's sovereign wealth fund, Wednesday.

Park Jae-hyuk | 2020-07-01 16:57

Dividend stocks lose luster amid COVID-19

Dividend stocks lose luster amid COVID-19

Dividend-themed mutual funds logged a disappointing performance amid volatile market conditions due to the COVID-19 pandemic.

Anna J. Park | 2020-06-30 17:07

Hyundai Motor Securities tasked with diversifying revenue streams

Hyundai Motor Securities tasked with diversifying revenue streams

Hyundai Motor Securities' new CEO and President Choi Byung-chul is tasked with diversifying its revenue streams for the mid-tier brokerage firm to continue reporting stable growth amid escalating external market uncertainties sparked by the coronavirus pandemic. Choi served most of his career at a finance division of Hyundai Mobis, the auto parts manufacturing affiliate of Hy...

Lee Min-hyung | 2020-06-30 16:59

'Star-studded' IPO market heats up amid high liquidity

'Star-studded' IPO market heats up amid high liquidity

South Korea's initial public offering (IPO) market is expected to continue strong momentum in the latter half based on a number of top-rated firms lining up and backed further by pent-up investor demand amid a liquidity overflow, industry watchers said Sunday.

Lee Kyung-min | 2020-06-28 17:07

Foreign investors' grievance in Korea portrayed in new book

Foreign investors' grievance in Korea portrayed in new book

Any foreigner or institution considering making investments in Korea is advised to read a book which is a collection of articles by a former foreign investment ombudsman. “The Foreign Direct Investment & Korean Economic Policies,” published by Jeffrey In-chul Kim, now a professor emeritus of Sungkyunkwan University, discusses a wide range of topics on foreign investors' viewp...

Lee Min-hyung | 2020-06-28 10:23

Bank of Korea urged to announce specific plans to retrieve liquidity

Bank of Korea urged to announce specific plans to retrieve liquidity

The Bank of Korea (BOK) and the financial authorities here should reveal specific timelines for the plan to retrieve massive anti-coronavirus liquidity supplied to the market, as a lack of such details may end up causing mid- to long-term market confusion here, a former foreign investment ombudsman said Monday.

Lee Min-hyung | 2020-06-28 10:22

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