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Finance

Markets

Thu, August 22, 2019 | 16:26

Foreigners dump shares, currency over uncertainties

Foreign investors continued to be net-sellers of local shares and currency amid increasing uncertainties both at home and abroad. Foreign investors have unloaded KOSPI-listed shares for seven consecutive trading days, breaking a previous record of six straight days of sell-offs from February 8 to 15 this year, according to the Korea Exchange (KRX).

Park Hyong-ki | 2019-05-17 17:09

KRX forum in Vietnam

Jung Un-su, president of the Korea Exchange's Kosdaq division, speaks to the heads of Vietnamese companies at a forum in Hanoi, Friday. The forum was held to attract promising Vietnamese companies to the nation's tech-laced Kosdaq. / Courtesy of Korea Exchange

Kim Bo-eun | 2019-05-17 17:02

'Korea should brace for prolonged market turmoil'

Korea may face prolonged market turmoil as lingering uncertainties caused by the U.S.-China trade war will weigh on investor sentiment, experts forecast Tuesday. They expect both stock and currency markets to undergo wild fluctuations for a while as foreign investors are likely to dump local shares as the won weakens against the U.S. dollar.

Lee Kyung-min | 2019-05-14 20:40

Won 3rd-worst performer among emerging market currencies

The Korean won has been one of the worst performers against the U.S. dollar among 10 emerging market currencies over the past month, with the local currency losing nearly 3 percent in value since April. The won's sharp depreciation was driven by a mixture of Korea's economic slowdown and market volatility caused by renewed woes over the U.S.-China trade dispute.

Kim Bo-eun | 2019-05-12 17:17

Investors eye real estate, bonds amid stock market volatility

Investors are eyeing more stable investment sources as both global and domestic stock markets are showing signs of simultaneous fluctuations.

Jhoo Dong-chan | 2019-05-10 16:21

Fuel tax cut lowered to 7%

The finance ministry said Monday it will extend a cut on fuel taxes by Aug. 31, but it will be lowered to 7 percent from 15 percent, beginning May 7. This is part of its phase-out program to normalize the prices of gasoline and diesel. The 7 percent cut is expected to raise gasoline prices by 65 won per liter, and diesel prices by 46 won. The Cabinet endorsed the cut on April...

Park Hyong-ki | 2019-05-06 16:51

Key economic indices rebound on base effect

Korea saw a “triple rebound” in indices measuring industrial production, investment and consumption in March, according to Statistics Korea, Tuesday. But analysts said these were a “one-off rebound” on the back of a so-called base effect. This means since the numbers in February were so low due to the Lunar New Year holiday, the March indices showed “meaningless” gains. Expor...

Park Hyong-ki | 2019-04-30 16:55

Gov't to boost non-memory chip biz

The government will draw up measures to help Samsung Electronics, SK hynix, and small- and medium-sized enterprises (SME) boost their non-memory chip businesses, Finance Minister Hong Nam-ki said Monday. Korean companies are the top manufacturers of memory semiconductors, but their competitiveness in non-memory chips lags far behind those in the United States and Taiwan. It i...

Park Hyong-ki | 2019-04-29 17:12

Extra budget unlikely to provide impetus for growth

A 6.7 trillion won ($5.8 billion) supplementary budget proposed by the government is not expected to provide the impetus needed for economic growth, according to analysts. However, they said it will prop up the economy by 0.1 percentage points, less than initial expectations when the International Monetary Fund (IMF) suggested a 9 trillion won extra budget. The lukewarm react...

Park Hyong-ki | 2019-04-24 17:37

Korea's economy unexpectedly contracts in Q1, worst in decade

Bithumb suffers W205 bil. net loss on falling bitcoin

The cryptocurrency exchange Bithumb posted a 205.5 billion won net loss last year, according to its operator BTCKorea.com, Thursday. The 2018 figure was a dramatic setback from the previous year's net profit of 427.2 billion won.

Kim Bo-eun | 2019-04-11 16:41

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