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Sun, July 12, 2020 | 13:00
AI-powered voice recognition startup eyes Western countries
AI-powered voice recognition startup eyes Western countries
Posicube CEO Oh Sung-jo plans to expand the company's artificial intelligence (AI) powered voice recognition service into Western markets in 2021, in an ambitious bid to globalize its platforms and prove the firm's technological expertise. Oh established the Seoul-based startup in 2017 with the aim of providing a specialized voice recognition service, as most AI platforms pur...
2020-05-21 16:48
KOSPI continues to rally, exceeding 2,000 mark during intra-day trading
KOSPI continues to rally, exceeding 2,000 mark during intra-day trading
Korea's benchmark KOSPI closed at 1,998.31, Thursday, up 8.67 points or 0.44 percent from the previous trading day, reflecting investors' optimism toward a global economic recovery. Individual investors and foreigners led the market's rally as they posted net buying of 290.4 billion won ($236 million) and 77 billion, respectively.
Anna J. Park | 2020-05-21 16:21
Gold price to continue on upward spiral
Gold price to continue on upward spiral
Gold prices are likely to continue to climb for the time being driven by elevated risk-averse sentiment due primarily to a longer-than-feared continuation of the COVID-19 pandemic, market watchers said Tuesday. The demand for “safe-haven” assets will continue an uptrend given the elusive global economic recovery, compounded by recent signs of the drawn-out U.S.-China feud esc...
2020-05-20 09:50
KOSPI continues 3-day winning streak
KOSPI continues 3-day winning streak
Traders look at computer monitors at the headquarters of KEB Hana Bank in central Seoul, Tuesday, as Korea's benchmark KOSPI started strong along with rallies in other global stock markets as hopes for the development of a COVID-19 vaccine rise. The Seoul stock index closed at 1,980.61, up 43.50 points or 2.25 percent from the previous trading day. / Yonhap
Anna J. Park | 2020-05-19 21:29
Home transactions dip over 30% in April amid slump, virus fallout
Home transactions dip over 30% in April amid slump, virus fallout
Home transactions in South Korea sank more than 30 percent in April from the prior month due to tougher property rules and the coronavirus impact, government data showed Tuesday. The number of homes changing hands nationwide stood at 73,531 last month, down 32.3 percent from the previous month, according to the data from the Ministry of Land, Infrastructure and Transport. Yet...
2020-05-19 11:48
KIS, ABL sue KB Securities over Aussie investment fraud
KIS, ABL sue KB Securities over Aussie investment fraud
Korea Investment & Securities (KIS) and ABL Life Insurance recently joined institutional investors that have claimed damages against KB Securities and JB Asset Management, which respectively sold and managed the JB Australia NDIS Fund.
2020-05-19 09:20
Pandemic changes pecking order of Seoul bourse
Pandemic changes pecking order of Seoul bourse
The extensive impact of the COVID-19 pandemic is changing the order of the largest companies by market capitalization, accelerating the nation's industrial transformation. While traditionally big players like Hyundai Motor were hit hard by the global pandemic, IT-based companies like mobile platform business Kakao and game developer NCSOFT newly entered the top 15 largest com...
Anna J. Park | 2020-05-18 17:58
Non-life insurers report brisk earnings while life insurers suffer virus shock
Non-life insurers report brisk earnings while life insurers suffer virus shock
The nation's non-life insurers reported brisker-than-expected earnings in the first quarter despite the global pandemic. But most life insurance firms ended up falling victim to the economic impact from the spread of the virus reporting a steep drop in net profits.
2020-05-17 16:21
[INTERVIEW] Korean PEFs advised to invest overseas
[INTERVIEW] Korean PEFs advised to invest overseas
Domestic private equity firms (PEFs) should make more investments overseas, rather than focusing on attracting foreign capital to Korea, according to a high-ranking executive of one of the nation's oldest homegrown buyout firms.
2020-05-17 09:10
Seoul shares set to trade in tight range next week on pandemic, US-China tension
South Korean stocks are expected to trade in a tight range next week due to the growing tension between the United States and China, coupled with a rise in new virus cases here, analysts said Saturday.
2020-05-16 11:53
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