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[Graphic News] Seat occupancy on flights to and from Japan drops over trade...
Seoul stocks close higher on hope for US-China trade talks, stimulus
5G adds connectivity to baseball
Seoul summons Japanese envoy over radioactive water disposal plan
Resumption of US-NK dialogue a matter for speculation as drills come to end
Beleaguered air carriers halt cargo services, suffer slump in stock prices
Much ado about bras
[Ann McFeatters] History seems to be repeating in Russia, China
[Andrew Sheng] Hong Kong problems are essentially a family quarrel
[Editorial] Positive turn

Today Finance

Seoul stocks close higher on hope for US-China trade talks, stimulus

Seoul shares closed higher Monday after US President Donald Trump vowed to call his Chinese counterpart in a move to settle the escalating American-Sino trade dispute. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index rose 12.73 points, or 0.66 percent, to 1,939.90. Trading volume was moderate at 472 million shares worth 3.68 trillion won ($3.12 billion), with gainers outnumbering losers 633 to 207.The prospects are growing that the trade row between the w

S. Korean banks criticized for ‘irresponsible selling’ of DLS products

South Korean banks and brokerages are in hot water for selling high-risk derivatives-linked securities and related funds to their customers, mostly retail investors, allegedly without providing sufficient warnings or instructions. According to the watchdog Financial Supervisory Service on Monday, eight major financial institutions here sold a combined 822.4 billion ($678.8 million) worth of DLS and funds that use the high-risk product to 3,654 individual investors and 188 businesses as of Aug. 7

Today
Finance
Seoul stocks likely to remain subdued next week on global economic woes

South Korean shares are likely to remain subdued next week amid lingering concerns over a global economic slowdown prompted by the US-China trade row, analysts said Saturday.The benchmark Korea Composite Stock Price Index closed at 1927.17 points on Friday, up 0.34 percent from a week ago. The index suffered a 3 percent decline last week. Analysts said the market direction for next week will largely depend on developments in the US-China trade spat, although the latest moves from the world'

Aug 17, 2019
Finance
Seoul stocks down on economic slowdown woes, Korean won advances

South Korean stocks closed lower Friday morning as investors remained worried over a global economic slowdown amid the protracted US-China trade war. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 11.20 points, or 0.58 percent, to 1,927.17. Trading volume was moderate at 413 million shares worth 4.18 trillion won ($3.4 billion), with losers outnumbering gainers 644 to 203.The index dropped to as low as 1,911.72 at one point in the morning session

Aug 16, 2019
Finance
Shinhan Bank Vietnam opens branch in Da Nang

Shinhan Bank Vietnam, the local subsidiary of South Korea’s major lender, opened four new branches in the Southeast Asian country this week, officials said Friday.It also became the first Korea-based bank there to run a complete nationwide network that covers the central region, with a branch in the popular tourist city of Da Nang. Shinhan Bank CEO Jin Ok-dong attended the opening ceremony on Thursday, along with key officials from the local government and the country’s central bank,

Aug 17, 2019
Finance
[Weekender] Won, dollars and supernotes: How fake bills are detected

The leader of KEB Hana Bank’s anti-counterfeiting team discusses how experts spot forgeries and look at the danger of a suspected North Korean export: supernotes

Aug 16, 2019
Finance
S. Korea’s credit card spending on Japanese brands halves amid boycott

South Korean consumers cut back their credit card spending on products sold by Japanese brands here by nearly 50 percent as of end-July, a report by the nation’s financial watchdog showed Thursday.According to the report released by an opposition lawmaker, the combined card spending plummeted to 4.9 billion won ($4 million) in the fourth week of July, from 10.2 billion won in the last week of June. On-year, the combined credit card spending on Japanese products sold in Korea, fell 48 perce

Aug 16, 2019
Finance
Leadership reshuffles to sweep across banking industry

The Korean financial circle is expected to undergo extensive reshuffling in the upcoming months as the chief executive officers of major banking groups will finish their terms early next year. Among them are Shinhan Financial Group Chairman Cho Yong-byoung, whose term will last until the general shareholders meeting slated for March next year. While a candidate recommendation committee will kick off in January, Cho’s bid for reappointment will largely depend on the result of an ongoin

Aug 14, 2019
Finance
KRX to launch Kospi 200 weekly options

South Korea’s bourse operator Korea Exchange (KRX) said Tuesday it will introduce weekly options contracts based on the Kospi 200 index on Sept. 23, in a bid to boost the local derivatives market. The Kospi 200 options will be introduced every Thursday and expire a week later. The new product will contribute to the diversity of options contracts on Kospi 200, comprised of the largest listed common stocks traded on the nation’s main bourse and widely used as a benchmark, according to

Aug 14, 2019
Finance
Daily stock turnover dips in July amid market turmoil

Daily stock turnover in South Korea dropped to the lowest level of the year in July, data showed Sunday, apparently reflecting investor sentiments spooked by escalating trade disputes between the United States and China, as well as South Korea's own trade haggling with Japan.The daily trading volume of local stocks came to some 8.6 trillion won ($7.1 billion) last month, according to the Korea Exchange (KRX), the operator of the Seoul bourse. The reading marks a drop of 4 percent from the same m

Aug 11, 2019
Finance
Seoul shares may face volatile sessions next week amid trade woes

Seoul stocks may face increased volatility next week, largely depending on the development of an ongoing US-China trade row, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed up 0.9 percent at 1,937.75 points on Friday helped by strong export data in China and expectations that the United States and China will resume their negotiations in September.This week, the main index shed 3 percent as investors remained jittery over the escalating trade feud between Was

Aug 10, 2019
Finance
Investors eye leveraged, inverse ETFs amid high market volatility

Investors are flocking to high-risk leveraged and inverse exchange-traded funds in South Korea, resulting in an increase in the daily average trading volume.According to the stock market operator Korea Exchange, the combined daily average trading volume of leveraged and inverse ETFs from July 26 to Thursday amounted to nearly 1.3 trillion won ($1.1 billion). It is 81.3 percent higher compared to the corresponding figure of 701.7 billion won in June. A leveraged ETF uses financial derivativ

Aug 10, 2019
Finance
BOK report hints at possible rate cut in near future

South Korea's central bank again hinted at a possible rate reduction in the near future Thursday, saying the escalating trade dispute between the United States and China, as well as the country's own trade conflict with Japan, may put additional downward pressure on Asia's fourth-largest economy.The Bank of Korea "plans to maintain the easing stance of its monetary policy as upward pressure on price increases is expected to remain weak, while the growth of the local economy remains slow,&qu

Aug 8, 2019
Finance
Seoul stocks extend gains, won advances late Thursday morning

Seoul stocks extended gains late Thursday morning although investors remain wary over the worsening US-China trade war and Japan's export curbs. The won gained against the US dollar.The benchmark Korea Composite Stock Price Index rose 20.57 points, or 1.1 percent, to 1,930.28 as of 11:20 a.m. The main index shed 6.3 percent in the past six sessions. Japan's trade ministry on Wednesday officially announced the exclusion of South Korea from its "whitelist" of trusted trading partners tha

Aug 8, 2019
Finance
Seoul stocks dip for 6th straight session, Korean won slightly up amid US-China trade war woes

South Korean shares fell for the sixth consecutive session on Wednesday as market sentiment still remained fragile over escalating trade tensions between Washington and Beijing, despite some signs of calm after China moved to stabilize its currency. The Korean won held steady against the US dollar.The benchmark Korea Composite Stock Price Index declined 7.79 points, or 0.41 percent, to 1,909.71, marking the lowest level since Feb. 18, 2016, when the index stood at 1,908.84.It was the first time

Aug 7, 2019
Finance

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