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Finance

Markets

Thu, August 22, 2019 | 16:01

Analysts split over future of cryptocurrency

Opinion is still split over whether cryptocurrency is likely to become a legally recognized currency.

Lee Kyung-min | 2019-07-08 18:35

Seoul stocks likely to stay range bound next week

Local shares got off to a weak start this week despite an agreement to resume trade negotiations between the United States and China, whose fruitless conclusion in May had partly been blamed for a steady decline in South Korean exports.

2019-07-06 17:21

'Japan's export control to further strain Korean economy'

Japan's export control of key materials needed to produce semiconductors and displays will deal a significant blow to Asia's fourth-largest economy, economists said Friday.

Lee Kyung-min | 2019-07-05 17:07

Wealthy investors eyeing dollar assets amid sluggish Seoul stocks

A growing number of wealthy investors are showing interest in investing in U.S. equities and other assets abroad as the Korean stock market lags far behind its overseas counterparts amid worsening economic conditions here, according to market analysts Friday.

Jhoo Dong-chan | 2019-07-05 16:55

'Crypto will never be recognized as legal currency'

Cryptocurrency will not be recognized as a legal currency due to its high volatility, with only a handful of exchange operators standing to gain, a noted global economist and financial market expert said Thursday. “Bitcoin is primarily a gambling instrument for Chinese, Koreans and Japanese,” Andy Xie, a vocal critic of the bitcoin craze, told The Korea Times.

Lee Kyung-min | 2019-07-04 17:30

Competition heating up in mobile payment market

A race to capture the nation's mobile payment market is heating up with a series of entries from financial firms. Not only financial companies but also local governments and public agencies are joining the competition to secure an advantageous position in the market, reflecting its rapid growth over the past several years.

Jhoo Dong-chan | 2019-07-02 16:50

Inter-Korean shares rally after US-NK summit

Share prices of listed companies related to inter-Korean economic cooperation enjoyed a sharp rally Monday following an unexpected summit between the U.S. and North Korea at the border village of Panmunjeom in the Demilitarized Zone (DMZ) the day before.

Jhoo Dong-chan | 2019-07-01 16:51

Investors taking money to US, Vietnam for greater profits

A growing number of wealthy investors are eyeing overseas real estate due to the nation's sluggish stock and housing market, data suggests.

Jhoo Dong-chan | 2019-06-30 21:06

Shorter work week to hurt Korea's growth

Korea's shorter workweek ― 52 hours from 68 ― will reduce economic growth by 0.3 percentage points in 2020, according to a global investment banking powerhouse, Sunday.

Lee Kyung-min | 2019-06-30 17:07

Gov't to expand 52-hour workweek

Bitcoin prices top 16 million won

Bitcoin's price has climbed to the 16 million won ($13,816) mark for the first time this year thanks to Facebook's recent announcement it would introduce its own cryptocurrency next year, a domestic crypto exchange said.

Jhoo Dong-chan | 2019-06-30 13:40

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