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Thu, December 8, 2022 | 08:22

Seoul apartment transactions fall to record low amid monetary uncertainty

Seoul apartment transactions fall to record low amid monetary uncertainty

The sales volume of apartments in Seoul is expected to fall to another record low in August, amid prolonged market doldrums sparked by the rapid pace of interest rate hikes and freezing consumer sentiment. According to data from the Seoul Metropolitan Government, the figure came in at 643 in July, the lowest since the authority started compiling related data in 2006. Data for...

Lee Min-hyung | 2022-09-20 09:27

Seoul shares hit over 2-month low on prospect of another aggressive rate hike by US Fed

Seoul shares hit over 2-month low on prospect of another aggressive rate hike by US Fed

Korean stocks dipped by more than 1 percent on Monday to extend their losing streak to a fourth day as market sentiment was dampened by the prospect of another sharp rate hike this week by the U.S. Fed.

2022-09-19 17:11

HYBE's stock price on rollercoaster ride due to BTS' military exemption issue

HYBE's stock price on rollercoaster ride due to BTS' military exemption issue

The stock price of HYBE - the management company of K-pop behemoth BTS - rose by 2.27 percent on Monday, ending a losing streak lasting three consecutive sessions, following the release of a public survey that approved the group members' exemption from mandatory military service. The stock price went up as high as 164,000 won at 9:10 a.m. Monday, just 10 minutes after trading...

Anna J. Park | 2022-09-19 16:48

Financial watchdog to promote Korean fintech firms in Silicon Valley

Financial watchdog to promote Korean fintech firms in Silicon Valley

The Financial Supervisory Service (FSS) plans to hold an investor relations (IR) event in Silicon Valley in the United States next week to raise awareness of Korean fintech firms and attract foreign capital. The Seoul Finance Conference and Fintech Startup Pitch Event will be held on Sept. 20, where a group of 50 startup accelerators and investors will take part to introduce ...

Lee Min-hyung | 2022-09-18 15:42

IMM decides to unload Missha despite losses

IMM decides to unload Missha despite losses

Able C&C, which owns Korea's representative road-shop cosmetics brand Missha, is finally up for sale in the M&A market, five years after IMM Private Equity (IMM PE) purchased a controlling stake in the firm for about 400 billion won ($287 million). While Credit Suisse has been tapped to manage the sales process, the selling price is estimated to be less than half of what IMM ...

Anna J. Park | 2022-09-16 17:21

Won rebounds after hitting yearly low amid global tightening, heightened uncertainty

Won rebounds after hitting yearly low amid global tightening, heightened uncertainty

Korea's currency rebounded Friday after hitting a new yearly low in intraday trading amid worries over the U.S. Federal Reserve's continued monetary tightening and its impact on the global economy.

2022-09-16 10:58

Brokerages lose credibility due to dearth of sell recommendations

Brokerages lose credibility due to dearth of sell recommendations

The country's securities firms are losing investors' trust as their analysts are only recommending buying shares in their reports, while sell recommendations account for only 0.13 percent of the total reports. According to Financial Supervisory Service (FSS) data submitted to Rep. Kang Byung-won of the main opposition Democratic Party of Korea, the country's 32 securities fir...

Yoon Ja-young | 2022-09-16 07:48

Seoul shares down for 2nd day amid US inflation rout

Seoul shares down for 2nd day amid US inflation rout

Korean stocks closed lower Thursday, paring earlier mild gains, as investors brace for more rounds of rate hikes by the U.S. Federal Reserve after the strong U.S. inflation data. The local currency fell slightly against the U.S. dollar.

2022-09-15 16:32

Financial regulator vows deregulation to meet global standards

Financial regulator vows deregulation to meet global standards

Korea's financial regulator is looking to ease or lift regulations that have caused the undervaluation of the local capital market, a senior official said Thursday.

2022-09-15 13:31

Seoul shares open marginally higher after US inflation rout

Seoul shares open marginally higher after US inflation rout

Korean stocks opened marginally higher Thursday, after the previous day's steep fall on fears over more rounds of aggressive rate hikes by the U.S. Federal Reserve following the strong U.S. inflation data.

2022-09-15 10:15

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