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Sun, July 12, 2020 | 12:34

Is Hong Kong's era as financial hub coming to end?

Is Hong Kong's era as financial hub coming to end?

Hong Kong is losing its luster as Asia's premier financial hub, with the U.S. moving to remove its special status as autonomous from China. This follows China's promulgation of a national security law that casts a negative light on prospects for the city, as it is seen as a move by Beijing to integrate the territory into the mainland.

Kim Bo-eun | 2020-06-12 18:53

Seoul stocks drop sharply on US market plunge

Seoul stocks drop sharply on US market plunge

Local stocks dropped sharply Friday after the U.S. stock market plunged overnight on growing fears of a possible second COVID-19 pandemic wave. Korea's benchmark KOSPI index finished at 2,132.30 points, down 2.04 percent from Thursday's session. The KOSPI started the session at 2,088.24, a 4.07 percent drop from the previous closing, but individual investors' strong net buyin...

Anna J. Park | 2020-06-12 17:18

China may step up retaliation against US over Huawei stance: Moody's

China may step up retaliation against US over Huawei stance: Moody's

China may increase retaliatory measures against the United States in response to the Trump administration's hostile position on Huawei Technologies, Moody's Analytics economist Shahana Mukherjee said Friday.

Lee Kyung-min | 2020-06-12 17:18

Balanced portfolio enables Mirae Asset Global Investments' earnings surprise

Balanced portfolio enables Mirae Asset Global Investments' earnings surprise

Mirae Asset Global Investments reported an earnings surprise in the first quarter despite the COVID-19 pandemic shock, as the firm's well-balanced investment portfolio helped it tackle the unexpected external uncertainties. The company reported 60 billion won ($50 million) in net profit for the first three months of the year, up 31 percent from 2019.

Lee Min-hyung | 2020-06-12 16:17

Mirae Asset, NH, Hana dismiss concerns over Vegas casino

Mirae Asset, NH, Hana dismiss concerns over Vegas casino

Mirae Asset Daewoo, NH Investment & Securities and Hana Financial Investment have dismissed concerns that they may suffer losses from their investment in the Drew Las Vegas construction project that has been delayed due to the COVID-19 pandemic.

Park Jae-hyuk | 2020-06-12 14:25

How 2nd-generation entrepreneur achieved 'quantum jump'

How 2nd-generation entrepreneur achieved 'quantum jump'

Leaders of large conglomerates or entrepreneurs of the younger generation in Korea have drawn attention as innovators who lead the local economy. On the other hand, the achievements of the second-generation entrepreneurs, who innovated companies founded by the first generation through what may be called a “quantum jump,” are not well known.

Lee Min-hyung | 2020-06-11 16:53

Is jailed Anbang founder involved in US hotel fraud?

Is jailed Anbang founder involved in US hotel fraud?

Anbang Insurance Group founder Wu Xiaohui's name has been mentioned during ...

Park Jae-hyuk | 2020-06-11 16:44

[CEO Watch] IMM Investment CEO on antitrust watch list

[CEO Watch] IMM Investment CEO on antitrust watch list

IMM Investment CEO Ji Sung-bae is drawing attention after the Fair Trade Commission (FTC) put his company on the list of large businesses that are subject to stricter antitrust regulations.

Park Jae-hyuk | 2020-06-11 10:33

HDC's plan to acquire Asiana Airlines back to square one

HDC's plan to acquire Asiana Airlines back to square one

Hyundai Development Company's (HDC) plan to take over Asiana Airlines is going back to square one, as it intensifies a war of nerves against main creditors of the sagging airline in an apparent move to cut down the initial acquisition cost.

Lee Min-hyung | 2020-06-10 17:08

Recent oil price hikes likely to be short-lived: analysts

Recent oil price hikes likely to be short-lived: analysts

Recent international oil price hikes are unlikely to gain further momentum in the near future due mostly to internal conflict among oil producers over production cuts and COVID-19 showing signs of sporadically flaring up, industry watchers said Monday.

Lee Kyung-min | 2020-06-09 17:07

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