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Sat, July 2, 2022 | 08:09

Korean brokerages see overseas profits jump amid pandemic

Local securities firms saw their combined net profits increase by more than 60 percent in 2021 from a year earlier, despite the COVID-19 pandemic ravaging the world, data showed Sunday.

Anna J. Park | 2022-04-24 16:45

First K-pop ETF to be launched in US

A global ETF that tracks Korea's pop entertainment industry is set to be launched by a U.S.-based investment company in the near future. Exchange Traded Concepts (ETC), the U.S.-headquartered investment firm, recently submitted its plan to launch the “KPOP ETF” with a ticker name of KPOP to the U.S. Securities and Exchange Commission (SEC).

Anna J. Park | 2022-04-24 16:45

War-induced agflation impacts Korean economy

Global supply chain disruptions compounded by Russia's invasion of Ukraine are pushing up the prices of many crops, leading to concerns over “agflation.” Korea is feared to be especially vulnerable due to its dependence on imports of food products.

Anna J. Park | 2022-04-20 08:46

Cryptocurrencies bounce back on hopes for crypto ETFs

Cryptocurrencies are bouncing back on growing hopes for the launch of crypto-related exchange-traded funds (ETFs).

Lee Min-hyung | 2022-04-19 16:37

ELS sales in S. Korea decline by more than half in Q1

Sales of equity-linked securities (ELS) in South Korea declined by more than half in the first quarter from three months earlier amid the coronavirus pandemic, data showed Monday.

2022-04-18 20:53

Banking shares remain solid amid foreigners' selling spree

Despite a selling spree by foreign investors this year, domestic banking shares have been bullish during the past month as the sector has been the main beneficiary of rising interest rates.

Anna J. Park | 2022-04-18 17:05

REITs draw spotlight amid rate hikes

Indirect real estate investment is regaining the spotlight as a safe haven amid increasing volatility in the local stock market. Investors prefer real estate investment trusts (REITs) when demand for safer assets is rising amid fears of rate hikes, as REITs offer decent dividend returns even during periods of monetary tightening.

Lee Min-hyung | 2022-04-14 16:52

BOK raises key rate to highest level in 3 years to fight inflation

Calls grow for establishment of state agency overseeing cryptocurrency trading

Calls are growing for the establishment of a government organization to oversee the cryptocurrency market. The Financial Services Commission (FSC) has so far functioned as a de facto control tower over the industry, but has been criticized for relying solely on tough regulations to do the job. As a result, the industry has requested the incoming administration led by Presiden...

Lee Min-hyung | 2022-04-14 16:23

Customs office seizes W120 bil. worth of fake designer goods

Counterfeit goods of luxury fashion brands from France and Italy are displayed in this photo released Thursday, after they were seized by the Seoul branch of the Korea Customs Service (KCS). More than 61,000 fake items, including handbags, wallets and clothes, worth an estimated 120 billion won ($98,000), were confiscated after they were smuggled in from China and stored in a...

Yi Whan-woo | 2022-04-14 15:36

Korean stocks tumble on Wall Street declines

The benchmark KOSPI slumped around 1 percent Tuesday in the aftermath of an overnight retreat on Wall Street. U.S. stocks tumbled after the yield on 10-year U.S. Treasury bonds rose. In response, the main Korean bourse fell 0.98 percent or 26.34 points from the previous session to close at 2,666.76.

Lee Min-hyung | 2022-04-12 16:24

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