South Korean stocks finished over 1 percent higher Wednesday as a slowdown in US inflation boosted hope for the Federal Reserve's less aggressive monetary tightening. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 1.13 point, or 26.85 percent, to close at 2,399.25, ending a two-day winning streak. Trading volume was light at 402.37 million sh...

Shinsegae Group Chief Lee Myeong-hee’s Hannam-dong residence maintained its position as the most expensive house in Korea for eight consecutive years, government data showed Wednesday. The 2,862-square-meter mansion located in Yongsan, central Seoul, was valued at 28.03 billion won ($21.59 million) for 2023, as assessed by the Land Ministry, down 9.8 percent from this year. The 10 most expensiv...

South Korean stocks opened higher Wednesday on cooler-than-expected inflation data in the United States. The benchmark Korea Composite Stock Price Index added 20.06 points, or 0.85 percent, to 2,392.46 in the first 15 minutes of trading. Overnight, US shares finished higher after the consumer price index for November rose 0.1 percent from the previous month and 7.1 percent on-year, while econom...

South Korean stocks finished almost unchanged Tuesday as investors remain cautious ahead of the US Federal Reserve's interest rate-setting meeting and the release of key inflation data. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index lost 0.62 point, or 0.03 percent, to close at 2,372.40. Trading volume was a bit light at 438.75 million shares wort...

Korea’s financial regulator denies report it is considering to mandate approval of cryptocurrency listing after wemix delisting fiasco

South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street, with the US Federal Reserve's upcoming interest rate-setting meeting in focus. The benchmark Korea Composite Stock Price Index added 9.36 points, or 0.39 percent, to 2,382.38 in the first 15 minutes of trading. Overnight, US shares finished higher following last week's deep losses. The Dow Jones Industrial Avera...

South Korean stocks finished lower Monday as investors remained cautious about the United States' monetary policy direction ahead of a rate-setting meeting amid deepening recession fears. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 16.02 points, or 0.67 percent, to close at 2,373.02. Trading volume was a bit light at 489.54 million shares ...

Woori Bank, one of South Korea’s top banks, is offering multilingual services on Sundays at five branches around the country. The five branches -- Ansan, Uijeongbu and Balan in Gyeonggi Province, Gwanghui-dong in Seoul and Gimhae in South Gyeongsang Province -- will be open on Sundays from 10 a.m. to 4 p.m. Foreigners can access general banking services in 10 languages, including English, Chine...

South Korean stocks opened lower Monday as investors were cautious ahead of the US Federal Reserve's rate-setting meeting this week. The benchmark Korea Composite Stock Price Index slid 10.54 points, or 0.44 percent, to 2,378.50 in the first 15 minutes of trading. Several major economic developments from the United States are due this week, as the Fed is to hold a two-day rate-setting meeting s...

Wemix forecasts coin destruction, GDAC exchange comes to the rescue

South Korean stocks ended higher Friday, snapping a five-day losing streak, as foreigners and institutions picked up oversold shares amid uncertainty over the US Federal Reserve's monetary policy direction. The Korean won sharply strengthened against the US dollar. The benchmark Korea Composite Stock Price Index rose 17.96 points, or 0.76 percent, to 2,389.04. The main index fell 2.6 percent thi...

Seoul stocks opened higher Friday, tracking gains on Wall Street, as investors await key US inflation data this week for clues as to whether the Federal Reserve could scale down its aggressive monetary tightening. The benchmark Korea Composite Stock Price Index rose 4.72 points, or 0.20 percent, to 2,375.80 in the first 15 minutes of trading. Kospi rebounded after a five-day slide. Stronger-tha...

Seoul stocks opened lower Thursday, tracking overnight falls on Wall Street, amid concerns that the US Federal Reserve may continue its aggressive monetary tightening following solid economic data. The benchmark Korea Composite Stock Price Index fell 1.05 points, or 0.04 percent, to 2,381.76 in the first 15 minutes of trading. The unexpectedly strong US jobs report and service sector activity r...

A Seoul court on Wednesday denied an injunction request filed by the operator of cryptocurrency Wemix to block the enforcement of crypto exchanges' decision to delist the coin. In late November, the Digital Asset eXchange Association -- an alliance formed by Upbit, Bithumb, Coinone, Korbit and Gopax -- announced they will terminate transaction support to the cryptocurrency operated by online gam...

Seoul shares extended their losing streak to a fourth day Wednesday amid concerns the Federal Reserve may keep its aggressive monetary tightening following solid U.S. economic data. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index retreated 10.35 points, or 0.43 percent, to 2,382.81. Trading volume was moderate at 323.9 million shares worth 5.9 trillio...