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Sat, July 2, 2022 | 07:31
Foreigners' net stock selling continues for 4th month in May
Foreigners' net stock selling continues for 4th month in May
Foreigners withdrew more money than they injected into Korea's stock markets for the fourth straight month in May amid worries over economic slowdowns in major countries and the fallout from the ongoing war in Ukraine, central bank data showed Thursday.
2022-06-09 14:04
Luna price extends bigger loss; investors advised to avoid speculative investments
Luna price extends bigger loss; investors advised to avoid speculative investments
Cryptocurrency investors are urged to be on high alert due to the huge price volatility of the rebranded Luna token, as its price keeps showing a downward trajectory without any clear signs of a rebound. As of 3 p.m. Wednesday, Luna's price came in at $3.40 (4,260 won), down by around 20 percent from the previous day, according to data from CoinMarketCap.
Lee Min-hyung | 2022-06-08 17:05
Global investment banks growing more skeptical over KOSPI rebound
Global investment banks growing more skeptical over KOSPI rebound
Global investment banks are growing more skeptical in their outlook for the Korean stock market amid rising inflationary pressure and the weakening local currency against the dollar. The benchmark KOSPI has moved in a boxed range of 2,500 and 2,800 points for the past three months as the U.S. Fed has turned hawkish and started key rate hikes for the first time following the o...
Lee Min-hyung | 2022-06-07 17:17
Foreign reserves down in May for 3rd month amid forex market volatility
Foreign reserves down in May for 3rd month amid forex market volatility
Korea's foreign reserves declined for the third straight month in May as the government unloaded the greenback to prevent the local currency from sharply weakening, central bank data showed Tuesday.
2022-06-07 10:19
Insurance fraud becoming bigger, better organized
Insurance fraud becoming bigger, better organized
Insurance fraud in the country is not only becoming more prevalent in recent years but also more “organized” due to advances in fraud methods, data showed. Insurance companies and supervisory authorities are thus pondering ways to strengthen their monitoring for fraud attempts.
Anna J. Park | 2022-06-02 17:05
More securities firms set to join move to establish alternative trading system
More securities firms set to join move to establish alternative trading system
More securities firms are moving to speed up their discussions on establishing the nation's first alternative trading system (ATS). The ATS establishment committee - which consists of the Korea Financial Investment Association (KFIA) and a group of seven major securities firms here - will grow in size, with a group of more than 20 other mid- to small-sized brokerage houses th...
Lee Min-hyung | 2022-06-02 17:00
Cryptocurrency's decoupling with Nasdaq accelerates after Luna scandal
Cryptocurrency's decoupling with Nasdaq accelerates after Luna scandal
Cryptocurrency's decoupling with the Nasdaq is accelerating in the wake of the recent collapse of Terra's Luna token. Before the abrupt crash of the once-popular Terra ecosystem, overall cryptocurrency prices moved in tandem with the Nasdaq. According to data from CoinMarketCap, Bitcoin's price fell by around 2.4 percent at 8 a.m., May 28.
Lee Min-hyung | 2022-06-02 16:24
Luna 2.0 price volatility raises concerns over possible repeat performance
Luna 2.0 price volatility raises concerns over possible repeat performance
Terra Luna 2.0 is facing growing skepticism over its sustainability as the price for the revived cryptocurrency is taking investors on a roller-coaster ride. The controversial token continues to see volatile ups and downs in the market, rekindling concerns over a possible outcome similar to the recent Luna fiasco.
Lee Min-hyung | 2022-06-01 17:19
Foreign investors' return raises hope for KOSPI rally
Foreign investors' return raises hope for KOSPI rally
With foreign investors making a surprise return to the benchmark KOSPI, the Korean stock market is forecast to enjoy momentum for a rebound in tandem with weakening overseas financial uncertainties, analysts said. The main bourse extended a losing streak to this year's new low of 2,540 points last month, hit hard by multiple risk factors, including global monetary tightening ...
Lee Min-hyung | 2022-06-01 15:58
Foreigners turn net buyers of Korean stocks as recession, China woes ease
Foreigners turn net buyers of Korean stocks as recession, China woes ease
Foreign investors have snapped a months-long selling streak and turned to buying Korean stocks, data showed Wednesday, amid eased worries over a global recession and China's struggle with COVID-19 outbreaks.
2022-06-01 13:36
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Top 10 Stories
  • 'Crypto rebound will be more powerful than stocks'
  • Economic Essay Contest for University Students
  • Negative views of China among Koreans hit all-time high: survey
  • Yoon dismisses China's claim that Korea is joining NATO's Indo-Pacific expansion
  • Baemin, Coupang Eats scramble to retain delivery drivers
  • 1,000 people evacuated from building in central Seoul after tremor
  • Bodies of child, parents found in vehicle recovered from water
  • Yoon heads home after attending NATO summit in Spain
  • Ruling party's odd man out
  • Yellen to discuss supply chains, imposing costs on Russia during visit to Seoul
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

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