Seoul shares opened slightly higher Tuesday amid escalating woes over China's COVID-19 situations. The benchmark Korea Composite Stock Price Index added 2.86 points, or 0.12 percent, to 2,422.36 as of 9:15 a.m. Investors are paying attention to recent COVID-19 developments in China as Beijing could impose stricter antivirus restrictions, which would wreak havoc on its economy. China is South Ko...

Seoul shares opened lower Monday over woes that the US Federal Reserve may continue its aggressive monetary tightening. The benchmark Korea Composite Stock Price Index rose 12.73 points, or 0.5 percent, to 2,431.75 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average rose 0.59 percent to 33,745.69, and the tech-heavy Nasdaq Composite inched up 0.01 percent to 11,146.0...

South Korean stocks ended almost flat Friday, weighed down by lingering concerns over the United States' aggressive monetary tightening and a global economic slowdown. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 1.58 points, or 0.06 percent, to close at 2,444.48. Trading volume was moderate at about 579.34 million shares worth some 7.25 trilli...

South Korean stocks opened higher Friday, despite overnight losses on Wall Street, on investors' bargain hunting for big-cap tech shares. The benchmark Korea Composite Stock Price Index gained 13.76 points, or 0.56 percent, to 2,456.66 in the first 15 minutes of trading. Overnight, US shares went down, as St. Louis Federal Reserve President James Bullard said rate hikes so far had "only limited...

Brokerages, investors resist fiercely to new tax system, citing stock market losses

South Korean stocks opened lower Wednesday, despite overnight gains on Wall Street, as investors moved to lock in profits amid renewing geopolitical concerns in Europe. The benchmark Korea Composite Stock Price Index shed 10.98 points, or 0.44 percent, to 2,469.35 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average inched up 0.17 percent, and the tech-heavy Nasdaq Co...

South Korean stocks opened higher Tuesday, despite overnight losses on Wall Street, on the back of gains in big-cap tech shares. The benchmark Korea Composite Stock Price Index added 9.38 points, or 0.38 percent, to 2,484.03 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.63 percent, and the tech-heavy Nasdaq Composite lost 1.12 percent as investors moved ...

Seoul stocks ended lower Monday as investors moved to cash in part of recent gains on cautions that it would be too early to expect the Federal Reserve to slow down its aggressive rate hikes push. After choppy trading, the benchmark Korea Composite Stock Price Index lost 8.51 points, or 0.34 percent, to close at 2,474.65. Trading volume was moderate at about 499 million shares worth some 7.21 t...

South Korean stocks opened higher Monday as eased inflation woes raised hopes for less aggressive rate hikes by the Federal Reserve. The benchmark Korea Composite Stock Price Index added 8.11 points, or 0.33 percent, to 2,491.27 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average grew 0.1 percent, and the tech-heavy Nasdaq Composite jumped 1.88 percent on hopes that ...

 Opposition-envisioned tax scheme targets top 1 percent of retail investors, but fear is widespread

SEJONG -- Market insiders are raising the possibility that dozens of local businesses will suffer a downgrade in their credit standings next year in the wake of economic slowdown as well as worsening liquidity in their financial statements among many in the corporate sector. Their prediction is based on the situation that three major credit rating agencies have recently increased the number of w...

South Korean stocks opened steeply higher Friday on overnight Wall Street rallies, largely as weaker-than-expected inflation data in the United States raised speculation of the Federal Reserve going easy on a tightening mode. The benchmark Korea Composite Stock Price Index had jumped 69.71 points, or 2.9 percent, to 2,471.94 as of 9:15 a.m. Overnight, the tech-heavy NASDAQ Composite surged a ja...

South Korean stocks opened lower Thursday on an overnight dip on Wall Street amid the upcoming US midterm election results and a crash in cryptocurrencies. The benchmark Korea Composite Stock Price Index had declined 11.13 points, or 0.46 percent, to 2,413.28 points as of 9:15 a.m. The Dow Jones Industrial Average dropped 1.95 percent Wednesday, with the tech-heavy NASDAQ Composite and S&P 500 ...

South Korea’s top financial regulator on Wednesday eased capital rules for banks seeking to contribute to the government-led fund aimed at stabilizing the local bond and stock markets, in a bid to contain the spillover of liquidity stress. A local insurer’s decision two days ago to reverse its postponement of redeeming its dollar bonds worth $500 billion after being pressured to meet the origina...

South Korean stocks extended their winning streak to a fourth day Wednesday with investors paying keen attention to the US midterm election results. The Korean won surged against the US dollar. The benchmark Korea Composite Stock Price Index gained 25.37 points, or 1.06 percent, to close at 2,424.41 points. Trading volume was moderate at about 675 million shares worth some 9.2 trillion won ($6....