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Finance

Markets

Sun, September 22, 2019 | 18:52

Hana Financial launches GLN service in Thailand

Hana Financial Group has launched a mobile payment service app in Thailand, becoming the first Korean firm to provide easy and fast payment via a mobile phone, the company said Monday.

Lee Kyung-min | 2019-09-02 17:34

Foreigners rake in Kakao, NCSOFT amid downturn

Foreign investors spent a lot of money on Kakao and NCSOFT shares in August, while selling other KOSPI- and Kosdaq-listed stocks worth 2.6 trillion won ($2.1 billion), data compiled by the Korea Exchange showed Sunday.

Park Jae-hyuk | 2019-09-02 15:59

Moon's 'patriotic fund' gains popularity

A private equity fund set up to help nurture local parts and materials exporters amid trade feud with Japan continues to draw individual investors after President Moon Jae-in signed up for the fund a week ago, data showed Sunday. The so-called patriotic fund set up by NH-Amundi Asset Management, a joint venture between NH Financial Group and French financial group Credit Agri...

Lee Kyung-min | 2019-09-01 17:30

Myanmar in limelight among Korean financial firms

Myanmar has emerged as the most popular destination for financial firms here, data compiled by the Financial Supervisory Service (FSS) showed Thursday.

Park Jae-hyuk | 2019-08-29 16:51

60,000 Kolon TissueGene investors set to suffer huge losses

Kolon TissueGene, whose market capitalization was once worth 4 trillion won ($3.29 billion), is now on the edge of being delisted from the Seoul bourse. The Kosdaq-listed firm is a U.S.-based affiliate of Kolon Life Science under Kolon Group.

Jhoo Dong-chan | 2019-08-27 16:50

Stocks, currency tumble on Sino-America trade woes

Seoul financial markets tumbled Monday on growing concerns over an escalating trade war between the U.S. and China. Stocks dipped over 1.5 percent after a foreign selling spree, while the Korean won lost 7.2 won against the U.S. dollar. Fears are now mounting among investors over possibilities the benchmark KOSPI could dip below the 1,900 mark once again soon.

Jhoo Dong-chan | 2019-08-26 17:07

[INTERVIEW] 'Korea may become biggest victim of trade war'

REITs attract investors

Shares of real estate investment trusts (REITs) listed on the Seoul bourse are continuing their uptrend thanks to investors' rush to seek stable dividend income amid the nation's sluggish stock market, according to recent data.

Jhoo Dong-chan | 2019-08-25 18:14

NongHyup Bank CEO boosts overseas biz expansion

NongHyup Bank CEO Lee Dae-hoon visited China and Australia to experience the business environment there before pushing for further expansion in the two countries, the bank said Sunday.

Lee Kyung-min | 2019-08-25 17:17

Regulators zero in on Woori, Hana CEOs over DLS fiasco

Woori Bank CEO Sohn Tae-seung and KEB Hana Bank CEO Ji Sung-kyoo will face intense scrutiny over allegations that they deliberately continued to sell high-risk financial products, leading to what has become a full-blown fiasco involving over 822 billion won ($681 million) in “misleading” investments.

Lee Kyung-min | 2019-08-25 17:16

GSOMIA withdrawal causes market uncertainty

Seoul's decision to withdraw from a military-intelligence sharing pact with Tokyo will increase volatility in the nation's stock and foreign exchange markets, according to analysts, Friday.

Park Jae-hyuk | 2019-08-23 16:20

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