Most Popular
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[KH Explains] Why Korea's so tough on short selling
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Iran’s president found dead at helicopter crash site
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[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
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‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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Actors involved in past controversies return first via streaming service originals
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N. Korea slams US subcritical nuclear test, vows measures to bolster nuclear deterrence
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S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
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Korea set to finalize medical school expansion plans
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Seoul City to open 'hotel' on river bridge
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Seoul rolls out W250b package in bid to lure foreign talent
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Seoul shares open higher amid rate cut hopes
Seoul shares opened higher Tuesday as investors expect the US Federal Reserve to start easing this year due to continued disinflation. The benchmark Korea Composite Stock Price Index rose 33.23 points, or 1.27 percent, to 2,653.55 in the first 15 minutes of trading. Investors await January's US inflation data due later in the day. The US consumer price index is expected to support the view that decelerating inflation will allow the US central bank to start cutting rates this year. In Seoul,
Feb. 13, 2024
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[Graphic News] Imports of Japanese seafood post biggest on-year drop since 2012
South Korea’s imports of Japanese seafood posted the biggest on-year decline last year since 2012, a year after the Fukushima nuclear accident, data showed. South Korea imported Japanese fish and shellfish worth a combined $151.9 million in 2023, down 12.8 percent from a year earlier, according to data compiled by the Korea Customs Service. The drop was the biggest since 2012, when South Korea’s imports of Japanese seafood plunged 33.3 percent on-year due to safety concerns after the
Feb. 13, 2024
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Foreign investors rush to ‘undervalued’ stocks
Foreign investors have been racking up “underperforming shares” on the Kospi, Korea’s main bourse, backed by increased expectations of the government’s initiative to boost the local stock market. Since the government late last month vowed to come up with new measures to tackle the "Korea discount," offshore investors are increasingly flocking to invest in firms with low price-to-book ratios in anticipation of stock price recoveries. PBR is a metric used to compa
Feb. 12, 2024
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S. Korean shares close higher on hopes of US rate cuts
South Korean stocks closed higher for a second consecutive session Thursday amid growing hopes of US rate cuts. The local currency slightly lost ground against the US dollar. The benchmark Korea Composite Stock Price Index added 10.74 points, or 0.41 percent, to close at 2,620.32. Trade volume was heavy at 422.7 million shares worth 12.2 trillion won ($9.18 billion), with gainers slightly outnumbering losers 451 to 436. Foreign investors remained net buyers for a seventh consecutive session, net
Feb. 8, 2024
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Seoul shares open higher on Wall Street gains
South Korean shares opened higher Thursday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 14.08 points, or 0.54 percent, to 2,623.66 in the first 15 minutes of trading. The upbeat start follows overnight advances on Wall Street amid growing expectations of US rate cuts from the second quarter of the year. The Dow Jones Industrial Average added 0.40 percent while the S&P 500 gained 0.82 percent to close at 4,955.06. In Seoul, large caps traded m
Feb. 8, 2024
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Seoul shares snap 2-day losing streak on foreign buying
South Korean shares closed higher Wednesday, snapping a two-day losing streak amid an extended buying streak by foreign investors. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index gained 33.38 points, or 1.30 percent, to close at 2,609.58. Trade volume was heavy at 508.3 million shares worth 11.3 trillion won ($8.5 billion), with gainers outnumbering losers 642 to 239. Foreign investors extended their buying streak to a sixth consecutive ses
Feb. 7, 2024
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Seoul shares open higher on Wall Street gains
South Korean shares opened higher Wednesday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 17.75 points, or 0.69 percent, to 2,593.95 in the first 15 minutes of trading. On Wall Street, the Dow Jones Industrial Average closed up 0.37 percent overnight. In Seoul, most large caps were in positive terrain. Market bellwether Samsung Electronics gained 0.54 percent, with top pharmaceutical firm Celltrion advancing 0.66 percent. Top battery maker LG Ener
Feb. 7, 2024
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Seoul shares down for 2nd day on Powell's comments on rate cuts
South Korean shares closed lower for a second consecutive day Tuesday amid US rate woes prompted by the Federal Reserve chair. The local currency slightly gained ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 15.11 points, or 0.58 percent, to close at 2,576.20. Trade volume was heavy at 404.4 million shares worth 10.1 trillion won ($7.6 billion), with losers outnumbering gainers 613 to 265. Foreign investors scooped up a net 338.1 billion won worth of shares,
Feb. 6, 2024
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Seoul shares open lower on Wall Street losses
Seoul shares opened lower Tuesday tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 7.74 points, or 0.30 percent, to 2,583.57 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.71 percent lower after US Federal Reserve Chair Jerome Powell made remarks that suggested rate cuts may come later than anticipated. In Seoul, large caps traded mixed. Market bellwether Samsung Electronics advanced 0.13 percent, while the w
Feb. 6, 2024
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Seoul shares close lower on profit taking
South Korean stocks closed lower Monday on profit taking after recent gains. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 24 points, or 0.92 percent, to 2,591.31, ending a two-day winning streak. Kospi soared nearly 5 percent over the bullish period. Trade volume was heavy at 500.2 million shares worth 12.1 trillion won ($9.09 billion), with losers closely outnumbering winners 459 to 434. Institutions sold a net 724.2 billion won worth of lo
Feb. 5, 2024
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Seoul shares open lower after rally
South Korean stocks started lower Monday as investors locked in profits following a surge the previous session. The benchmark Korea Composite Stock Price Index dropped 1.32 percent, or 34.56 points, to 2,580.75 in the first 15 minutes of trading. On Friday, the Kospi soared 2.87 percent on the back of a climb in autos and techs. Market bellwether Samsung Electronics sank 1.46 percent, and its consumer electronics rival LG Electronics declined 0.51 percent. Bio shares also traded weaker, with Sam
Feb. 5, 2024
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Analysts upbeat on Kakao; battery sector outlook gloomy
Despite lingering management risks, tech giant Kakao may see a surprise increase in its stock price this year, with analysts bullish on its advertising and commerce businesses. According to market intelligence firm FnGuide, Kakao's target price, provided by more than three analysts, was 69,458 won ($51.90) as of Sunday, up 10.6 percent from 62,783 won recorded at the end of last year, marking the highest increase rate among the target prices of the top 20 firms listed on the Korean stock ma
Feb. 4, 2024
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Seoul shares spike nearly 3% on tech earnings
South Korean stocks rose by almost 3 percent Friday, backed by techs, autos and financials following solid earnings reports from US big techs. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 72.85 points, or 2.87 percent, to 2,615.31. Trade volume was high at 580 million shares worth 14.1 trillion won ($10.7 billion), with winners far outpacing losers 710 to 180. Foreign investors and institutions drove up the Kospi, buying shares worth 1.89 tri
Feb. 2, 2024
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Seoul shares spike nearly 2% on export recovery despite dashed hope for Fed's early rate cuts
South Korean stocks rose by almost 2 percent Thursday despite overnight Wall Street losses, with techs and autos climbing as the nation's exports rose for the fourth month. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 45.37 points, or 1.82 percent, to 2,542.46. Trade volume was heavy at 741.3 million shares worth 13.3 trillion won ($9.98 billion), with winners outpacing losers 668 to 239. South Korea's exports moved up for the fourt
Feb. 1, 2024
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Hana Securities to bolster foreign investor services on regulatory easing
Hana Securities, the brokerage unit of South Korean finance giant Hana Financial Group, on Thursday announced it has established a new foreign investment team. According to the Hana subsidiary, the move comes in response to the recent abolition of the foreign investors' registration system by the local government. Starting in December, South Korea scrapped a 30-year-old policy that required foreign nationals to register with the local financial regulators to open an account and trade on the
Feb. 1, 2024
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Mirae Asset to shift paradigm with new rate-tracking ETF
Mirae Asset Global Investments is to launch a new exchange-traded fund product investing in interest rates, seeing lucrative opportunities amid the relatively high-interest rates, the asset manager said Thursday. The asset manager, with total assets under management surpassing 300 trillion won ($225 billion) as of the end of 2023, is to add a new product to its Tiger ETF lineup to secure the lead in the local ETF market. Named the Mirae Asset Tiger Synth CD 1Y Rate Active ETF, the financial prod
Feb. 1, 2024
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Seoul shares open higher despite overnight Wall Street losses
South Korean stocks opened higher Thursday despite overnight Wall Street losses from the US Federal Reserve's indication that it won't likely cut interest rates next month against the hopes of many investors. The benchmark Korea Composite Stock Price Index climbed 9.56 points, or 0.38 percent, to 2,506.65 in the first 15 minutes of trading. Overnight, the US Fed held its benchmark lending rate steady for the fourth consecutive time. After the two-day Federal Open Market Committee meeti
Feb. 1, 2024
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Seoul shares fall as chipmakers weighed down after Samsung Electronics earnings
South Korean stocks closed slightly lower Wednesday, hurt by declines in semiconductor stocks after chip giant Samsung Electronics reported its fourth-quarter earnings. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 1.72 points, or 0.07 percent, to 2,497.09. Trade volume was moderate at 443.1 million shares worth 8.69 trillion won ($6.50 billion), with losers outpacing winners 525 to 350. Market watchers cited the mixed performance of overnight Wa
Jan. 31, 2024
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Seoul shares open weaker ahead of US Fed's rate decision
South Korean stocks opened weaker Wednesday ahead of a key rate decision by the US Federal Reserve this week. The benchmark Korea Composite Stock Price Index slid 6.01 points, or 0.24 percent, to 2,492.80 in the first 15 minutes of trading. Overnight, US stocks closed mixed as Wall Street waited for the Fed's latest decision on interest rates. The Dow Jones Industrial Average inched up 0.35 percent, while the S&P 500 shed 0.06 percent. The Nasdaq composite dropped 0.76 percent. In Seoul
Jan. 31, 2024
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Seoul shares fall on profit-taking ahead of US Fed's rate meeting
South Korean stocks closed lower Tuesday as investors booked profit ahead of the US Federal Reserve's policy meeting later this week. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 1.84 points, or 0.07 percent, to close at 2,498.81, ending its three consecutive session advance. Trade volume was moderate at 476.1 million shares worth 8.63 trillion won ($6.49 billion). Winners, however, outpaced losers 493 to 385. Foreign and retail investors s
Jan. 30, 2024