Digital Innovator / Qraft Technologies

Financier of the Year / Mirae Asset Securities

Asset Manager of the Year / Mirae Asset Global Investment

Global Innovator / Shinhan Financial Group

Credit Card of the Year / Woori Card

South Korean stocks snapped a two-session losing streak to close higher Tuesday, as worries about China's strict COVID-19 lockdown policy eased with growing expectations for an eventual reopening. The local currency rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index climbed 25.12 points, or 1.04 percent, to close at 2,433.39. Trading volume was moderate at 522.6 million shares worth 6.35 trillion won ($4.79 billion) with advancing issues outstripping decline

South Korean stocks turned a tad higher after a weak start Tuesday, amid concerns over China's strict COVID-19 lockdowns and hawkish remarks by US Federal Reserve policymakers on rate policy outlooks. After starting lower, the benchmark Korea Composite Stock Price Index rose 0.95 points, or 0.04 percent, to 2,409.22 in the first 15 minutes of trading. Protests across China against the government's aggressive COVID-19 lockdowns have sparked worries over the world's second-largest e

Financial authorities on Monday maintained their position on imposing an income tax on cryptocurrency trading from 2025, delaying the initial plan of levying a 20 percent tax starting next year. According to the Ministry of Economy and Finance, it submitted a bill to lawmakers to push back the new taxation law from 2023 to 2025. Before the end of the year, the bill has to be passed by the National Assembly for the current taxation plan to be postponed. Under the current taxation law, anyone who

South Korean stocks closed more than 1 percent lower Monday, as investor sentiment remained wary amid the extended COVID-19 restrictions in China that have stoked concerns over global supply disruptions. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index retreated 29.59 points, or 1.21 percent, to 2,408.27. Trading volume was moderate at 343.2 million shares worth 6.36 trillion won ($4.74 billion) with decliners far outnumbering gainers 703 to

Industry Minister Lee Chang-yang met with Bank of Korea Gov. Rhee Chang-yong on Monday and discussed the economic situation amid high inflation and interest rates, the industry ministry said. During their first one-on-one meeting, the officials reviewed difficulties in the real economy weighed down by high prices, interest rates and the weak local currency, and agreed on close consultations to help overcome challenges, according to the Ministry of Trade, Industry and Energy. South Korean compani

South Korea will push to change regulations in a way that would allow investors to know how much they would receive in dividends before buying stocks in a bid to attract more foreign investment in the local equity market, a senior official of the country's top financial regulator said Monday. Under the current rules, listed companies determine who will receive dividends in late December first before setting the amount in March and then pay out dividends to investors in April the following y

South Korean stocks started off lower Monday, as the continued COVID-19 lockdowns and unrest at an iPhone factory in China weighed on big tech stocks. The benchmark Korea Composite Stock Price Index fell 30.16 points, or 1.24 percent, to 2,407.70 in the first 15 minutes of trading. The US tech-rich Nasdaq ended lower Friday, with Apple Inc. dipping 2 percent, after media reports it would see a cut in iPhone shipments due to a workers' protest at a main factory in China run by Foxconn. Beiji

South Korea plans to reduce the issuance of bonds by state-run companies, the finance ministry said Monday, in line with the country's efforts to stabilize the bond market hit by uncertainties. The plan was announced during an emergency meeting of economy-related ministers in Seoul earlier in the day, presided over by Finance Minister Choo Kyung-ho, according to the Ministry of Economy and Finance. "Under cooperation with the banking sector, we will seek to have state-run organizations

Financial authorities to review delisting rules as legal fights loom among stakeholders

Seoul stocks closed slightly down Friday as traders took a wait-and-see stance amid persistent uncertainties over monetary tightening and the global economic outlook. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 3.47 points, or 0.14 percent, to close at 2,437.86. Trading volume was light at 430.8 million shares worth 5.98 trillion won ($4.51 billion), with gainers slightly outnumbering losers 445 to 398. Foreign and institutional investors bough