Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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Firefighters’ 3,000 won meals spark nutrition concerns
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Yoon honors veterans of Korean War in trip to Philippines
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Seoul shares open higher on battery, auto gains
Seoul stocks opened higher Monday led by gains among battery and automotive shares. The benchmark Korea Composite Stock Price Index rose 0.21 percent, or 5.33 points, to 2,575.04 in the first 15 minutes of trading. Battery manufacturers and automakers led the overall gains, with leading battery maker LG Energy Solution jumping 2.85 percent and top automaker Hyundai Motor adding 1.46 percent. Financial firms also gained traction, with KB Financial rising 1.57 percent and Shinhan Financial up 0.55
Oct. 7, 2024
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Daily stock trading volume dips to lowest in Sept. amid sluggish conditions
The daily stock trading volume fell to the lowest of the year last month as worsening market conditions spooked investors, data showed Saturday. The average daily trading volume of listed shares came to 16.67 trillion won ($12.36 billion) in September, the lowest since the start of the year, according to the data from the Korea Exchange, operator of South Korea's main bourse. The reading also marks an 8 percent decline from 18.2 trillion won the previous month. The figure has been a steady
Oct. 5, 2024
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Seoul shares rebound on bargain hunting; won sharply down
Seoul shares closed slightly higher Friday, snapping three consecutive sessions of losses, as investors hunted bargains despite the escalating tensions in the Middle East. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index moved up 0.31 percent, or 8.02 points, to 2,569.71. Trading volume was moderate at 405 million shares worth 9.63 trillion won ($7.2 billion), with gainers outpacing losers at 462 to 412. Foreigners bought a net 41 billion won
Oct. 4, 2024
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Main opposition leadership to decide on postponement of financial income tax
The main opposition Democratic Party of Korea on Friday decided to let its leadership make the final decision on whether to postpone the adoption of the financial investment income tax, which is set to take effect on Jan. 1. The decision made during a general meeting of party lawmakers in the morning, comes as the ruling People Power Party has been calling for the Democratic Party, which currently holds the majority of seats in the 300-member Assembly, to agree on the abolition or a postponement
Oct. 4, 2024
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Seoul shares open nearly flat amid geopolitical uncertainties
Seoul stocks opened nearly flat Friday, as investors sat on the sidelines amid the escalating geopolitical tensions in the Middle East. The benchmark Korea Composite Stock Price Index fell 0.02 percent, or 0.48 point, to 2,561.21 in the first 15 minutes of trading. Overnight, US shares lost ground amid the growing conflict between Israel and Iran, with the Dow Jones Industrial Average losing 0.44 percent and the tech-heavy Nasdaq composite falling 0.04 percent. International benchmark Brent crud
Oct. 4, 2024
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Kospi slump hits retail investors hard in Q3, but foreign investors gain
Local retail investors experienced significant losses from Korean shares in the third quarter while foreign investors fared relatively well amid the Kospi’s bearish trend in the period, market data showed on Thursday. According to the Korea Exchange, the most purchased stock by South Korean retail investors from July to September was Samsung Electronics, the world’s largest memory chipmaker, with net purchases totaling 7.82 trillion won ($5.9 billion). Following Samsung, SK hynix, th
Oct. 3, 2024
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Seoul shares dip for 3rd day amid Middle East tensions
Seoul shares closed lower for the third consecutive day Wednesday as investors sat on the sidelines amid the escalating tension in the Middle East following Iran's massive missile attack against Israel. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 1.22 percent, or 31.58 points, to 2,561.69. Trading volume was moderate at 341.9 million shares worth 9.38 trillion won ($7.1 billion), with losers far outnumbering winners at 705 to 177. F
Oct. 2, 2024
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Seoul shares open lower amid escalating Middle East tensions
Seoul shares opened lower Wednesday tracking overnight losses on Wall Street amid growing concerns over an all-out war in the Middle East after Iran attacked Israel with missiles. The benchmark Korea Composite Stock Price Index fell 0.89 percent, or 23.04 points, to 2,570.23 in the first 15 minutes of trading. Overnight, US shares tumbled after Iran fired missiles directly at Israel, with the Dow Jones Industrial Average losing 0.41 percent and the tech-heavy Nasdaq composite plunging 1.53 perce
Oct. 2, 2024
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Seoul shares dip over 2% ahead of US economic data; won at 9-month high
Seoul shares fell by more than 2 percent Monday as investors remained on the sidelines ahead of the releases of key economic data in the United States later this week. The local currency ended at a 9-month high against the US dollar. The benchmark Korea Composite Stock Price Index dropped 2.13 percent, or 56.51 points, to 2,593.27. Trading volume was moderate at 352.4 million shares worth 10.5 trillion won ($8.03 billion), with losers outnumbering winners 708 to 181. Institutions and foreign inv
Sept. 30, 2024
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Seoul shares open tad higher on battery, steel gains
Seoul shares opened slightly higher Monday, led by gains in battery and steel shares. The benchmark Korea Composite Stock Price Index rose 0.05 percent, or 1.3 points, to 2,651.08 in the first 15 minutes of trading. Battery and steel shares led the overall gains, with industry leaders LG Energy Solution and Posco Holdings increasing 2.53 percent and 1.94 percent, respectively. Bio and internet service operators also added momentum. Samsung Biologics rose 0.91 percent, and top internet portal ope
Sept. 30, 2024
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Seoul shares close lower on profit taking despite US gains
Seoul shares closed lower Friday as investors took profit following strong gains in recent sessions despite overnight success on Wall Street. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index slipped 0.82 percent, or 21.79 points, to 2,649.78. Trading volume was moderate at 402.1 million shares worth 11.4 trillion won ($8.65 billion), with losers outnumbering winners 457 to 414. Institutions dumped a net 421.6 billion won worth of local shares, while
Sept. 27, 2024
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Seoul shares open tad higher on Wall Street gains
Seoul shares opened slightly higher Friday, as chip shares gained traction bolstered by overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 0.04 percent, or 1.03 points, to 2,672.6 in the first 15 minutes of trading. Overnight, major US indexes gained ground thanks to the surprise earnings result of Micron Technology lifting artificial intelligence-related shares. The Dow Jones Industrial Average rose 0.62 percent, the S&P 500 increased 0.4 percent, and the t
Sept. 27, 2024
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Seoul shares spike nearly 3% on US rate cut hopes
Seoul shares ended nearly 3 percent higher Thursday as tech stocks advanced, with hopes for additional rate cuts by the Federal Reserve lifting investor sentiment. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index jumped 2.9 percent, or 75.25 points, to 2,571.57. Trading volume was moderate at 317.46 million shares worth 11.4 trillion won ($8.6 billion), with gainers far outnumbering winners 747 to 140. Overnight, US stocks ended mixed. The Dow Jones Indu
Sept. 26, 2024
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Seoul shares open higher on rate cut hopes
Seoul shares opened higher, backed by a rally in tech shares, after a mixed close on Wall Street, on hopes for additional US rate cuts. The benchmark Korea Composite Stock Price Index rose 1.83 percent, or 47.60 points, to 2,643.92 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.7 percent to 41,914.75, but the tech-heavy Nasdaq Composite rose 0.04 percent to 18,082.21. On Wednesday, a Federal Reserve official said it will be appropriate for the US central b
Sept. 26, 2024
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[Graphic News] Beer gains ground as whiskey and wine imports decline
The imported liquor market in South Korea is undergoing rapid changes. Wine and whiskey, which had gained popularity during the trends of drinking alone or at home, are seeing a decline, while beer is making a resurgence. Analysts suggest that the market, which experienced significant fluctuations due to external factors like COVID-19, is now entering a period of adjustment. According to data from the Korea Customs Service, whiskey imports fell 21 percent year-on-year to 6,624 tons in the seco
Sept. 26, 2024
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Seoul shares snap 6-day rise on disappointment over value-up index
Seoul shares ended more than 1 percent lower Wednesday to end their six-day winning streak as investors were disappointed with a new stock index to be launched next week. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index declined 1.34 percent, or 35.36 points, to 2,569.32. Trading volume was moderate at 441.8 million shares worth 11.4 trillion won (US$8.6 billion), with losers outnumbering winners 516 to 355. Retail investors and institutions bought a
Sept. 25, 2024
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[Contribution] Ignore market noise, boost your investment returns
By Steve Brice August started off poorly for investors. Peak to trough, global equities fell 9.2 percent, with the losses accelerating in the first three days of August when they lost 6.4 percent. While equity markets have recouped almost all the early-August losses, the earlier sell-off is naturally leading to a lot of questions about how investors should respond to such weakness. Are such sell-offs short-term buying opportunities or are they signs of more sinister things to come? The mistake m
Sept. 25, 2024
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Seoul shares open higher on Wall Street gains
Seoul shares opened higher Wednesday tracking overnight gains on Wall Street on increasing hopes for more US rate cuts. The benchmark Korea Composite Stock Price Index rose 0.56 percent, or 14.79 points, to 2,646.47 in the first 15 minutes of trading. Overnight, major US indexes closed higher on hopes for additional rate cuts by the Federal Reserve amid lingering concerns on the labor market. Blue chip tech shares rallied, with AI chip giant Nvidia up 3.97 percent and TSMC up 4.13 percent. In Se
Sept. 25, 2024
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Government seeks public opinion on potential Lotto prize increase
The South Korean government will look into ways to address issues regarding the national lottery, following the outcry over the relatively small jackpot and large numbers of first-place winners. The Korea Lottery Commission, under the Finance Ministry, announced Tuesday that it has posted a survey titled, “What are your thoughts on changing the first-place prize for the Lotto?” on the public forum run by the Anti-Corruption & Civil Rights Commission. Questions in the survey inclu
Sept. 24, 2024
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Seoul shares rise for 6th day on US rate cut hopes
Seoul shares closed higher Tuesday to extend their winning streak to a sixth day, driven by hopes for further US rate cuts and China's stimulus plan. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 1.14 percent, or 29.67 points, to 2,631.68. Trading volume was slim at 345.9 million shares worth 10.1 trillion won ($7.6 billion), with gainers surpassing decliners 605 to 264. Institutions bought 561.6 billion won worth of local shares to off
Sept. 24, 2024