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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Sun, June 4, 2023 | 00:10

Wall Street leaps, nearly escapes its bear market after strong jobs report

Wall Street leaps, nearly escapes its bear market after strong jobs report

Stocks soared higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared.

2023-06-03 09:18

Seoul shares at 1-year high on hopes Fed pauses rate hikes

Seoul shares at 1-year high on hopes Fed pauses rate hikes

South Korean stocks closed at a one-year high Friday, led by large-cap tech gains, on hopes the Federal Reserve will pause its aggressive monetary tightening and the United States' debt ceiling deal will pass. The local currency rose against the U.S. dollar.

2023-06-02 19:44

Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums

Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums

Korean stocks are feared to lose steam and move within a tight range again amid concerns of a prolonged trade deficit, weak private consumption and slow real estate market conditions, analysts said.

Lee Min-hyung | 2023-06-02 15:54

Hamburger franchises having trouble in M&A market

Hamburger franchises having trouble in M&A market

It has been a while since a major burger franchise business in Korea was listed in the M&A market. Generally, their corporate value is not well received by the market, sometimes failing to find a new owner, despite best attempts to do so.

Anna J. Park | 2023-06-01 16:48

Wall Street slips as stocks slump worldwide

Wall Street slips as stocks slump worldwide

Wall Street slipped as stocks slumped worldwide Wednesday on worries about the strength of the global economy and inflation.

2023-06-01 08:49

NPS' total assets exceed W953 tril. as of Q1

NPS' total assets exceed W953 tril. as of Q1

The National Pension Service (NPS), Korea's largest institutional investor, has recovered much of its investment losses incurred during the past year, as it posted a rate of return of 6.53 percent during the first quarter.

Anna J. Park | 2023-05-31 15:34

Securities firms reduce staff amid financial scandals

Securities firms reduce staff amid financial scandals

Securities firms are reducing their workforces amid their continuous involvement in a series of scandalous financial fiascos.

Lee Min-hyung | 2023-05-31 14:41

Trade terms continue to fall in April on faster export price fall

Trade terms continue to fall in April on faster export price fall

Korea's terms of trade worsened for the 25th straight month in April as export prices fell faster than import prices, central bank data showed Wednesday.

2023-05-31 13:43

Korean firms urged to enhance shareholder value

Korean firms urged to enhance shareholder value

Despite increasing efforts by Korean companies to improve shareholder returns, any resulting outcomes have yet to reach the stock market. This stands in contrast to the Japanese bourse, where corporate initiatives to boost shareholder value have significantly contributed to its recent outstanding rally.

Lee Yeon-woo | 2023-05-30 15:51

Korea to lower tariffs on major agricultural imports amid inflation

Korea to lower tariffs on major agricultural imports amid inflation

Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices.

2023-05-30 12:01

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Top 10 Stories

1	Roland Garros 2023

2	Airlines fiercely compete to acquire additional aircraft

3	Seoul imposes sanctions on North Korean hacking group for role in space launch

4	KAERI distances itself from Oxford professor's claim on Fukushima water

5	LG Chem joins Korean firms strengthening ties with Japan

6	More banks offer daily interest payments on deposits

7	POSCO, GM expand joint EV battery materials investment in North America

8	HMM tasked with preventing sale of Hyundai LNG to foreign firm

9	Luxury brands continue hiking prices in Korea

10	Indo-Pacific region highlighted as important for Korean economy's future

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