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Sun, July 5, 2020 | 23:19

Celltrion Pharm joins MSCI Korea Index

Celltrion Pharm joins MSCI Korea Index

Celltrion Pharm joined the Morgan Stanley Capital International (MSCI) Korea Index, as its corporate value has been on the rise amid expectations for its anti-virus treatment development, according to the MSCI quarterly index rebalance released Wednesday. Douzone Bizon, a local accounting software developer, was also included on the MSCI standard index.

Lee Min-hyung | 2020-05-13 17:02

Ex-KSD CEO named KICPA vice president

Ex-KSD CEO named KICPA vice president

Former Korea Securities Depository (KSD) CEO Lee Byung-rhae has been named standing vice president of the Korean Institute of Certified Public Accountants (KICPA), the organization said Wednesday.

Lee Kyung-min | 2020-05-13 16:58

KDB's W40 tril. fund set to inject vitality into virus-hit industries

KDB's W40 tril. fund set to inject vitality into virus-hit industries

All eyes are on whether the Korea Development Bank's (KDB) plan to raise a 40 trillion won ($32.57 billion) relief fund will help salvage virus-hit key industries. The fund, which will be provided to sagging companies suffering serious business setbacks from the coronavirus pandemic, could be provided to the struggling firms as early as the end of May, according to the state-...

Lee Min-hyung | 2020-05-12 16:56

Bitcoin's long-awaited third halving arrives

Bitcoin's long-awaited third halving arrives

Despite the long-awaited third halving of bitcoin that fell on May 11, the price of cryptocurrency is not showing signs of a rapid rally yet. Rather, the price has remained between the mid-$8,000 to high-$8,000-range, despite hourly fluctuations since the price reached $10,000 on May 7, the highest level since early February. As of 3:45 UTC (Universal Time Coordinated) on May...

Anna J. Park | 2020-05-12 16:38

Household debt growth slows, but corporate loans surge by highest amount in April

Household debt growth slows, but corporate loans surge by highest amount in April

Household debt growth in South Korea slowed, but corporate loans spiked by the largest amount in history amid the growing fallout from the new coronavirus outbreak, central bank data showed Tuesday.

2020-05-12 14:00

Moon urges speedy push for expanding quarantine system, employment insurance

Samsung Electronics shareholders increase in number 5.65 times since stock split

Samsung Electronics shareholders increase in number 5.65 times since stock split

Since Samsung Electronics' stock underwent a split two years ago, the number of the blue chip's common stock shareholders has increased to 1.36 million in March this year, 5.65 times greater than 241,000 in March, 2018.

Anna J. Park | 2020-05-12 10:52

KB secures highest rating from Moody's

KB secures highest rating from Moody's

Moody's Investors Service has affirmed the A1 long-term foreign currency issuer rating with a stable outlook and Prime-1 short-term foreign currency issuer rating for KB Financial Group.

Lee Kyung-min | 2020-05-11 19:30

Mirae Asset sues Anbang

Mirae Asset sues Anbang

Mirae Asset said Monday it will file a counterclaim against China's Anbang Insurance Group which sued the Korean company in Delaware, April 27, for the buyer's refusal to complete payment of $5.8 billion for its purchase of 15 luxury hotels in the United States.

Park Jae-hyuk | 2020-05-11 18:31

Car industry bears biggest brunt of COVID-19 pandemic

Car industry bears biggest brunt of COVID-19 pandemic

Vehicles were among the export sectors hit hardest by the coronavirus pandemic for the first 10 days in May, data from the Korea Customs Service showed Monday. According to the customs authority, the nation's vehicle exports dropped 80.4 percent from May 1 to 10, compared with the same period last year, as economic shocks from the global spread of COVID-19 continue to remain ...

Lee Min-hyung | 2020-05-11 15:58

AI taking center stage in insurance industry

AI taking center stage in insurance industry

Artificial intelligence (AI) is ushering in a paradigm shift in the conservative insurance industry, as more market players introduce new sets of time-saving AI-powered platforms to enhance business efficiency. It has been years since AI became the talk of almost all industries due to its usefulness in a wide range of applications and human-like versatility.

Lee Min-hyung | 2020-05-10 18:32

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