Engineer-turned-YouTuber and investor warns jackpot chasers that investment should be sustainable project for life

67% of Seoulites skeptical about taxation-focused apartment policy: poll

South Korean retail investors have continuously injected more funds into high-risk financial products like cryptocurrency and stocks this year on the back of strong market rallies last year and the ongoing ultralow-rate environment, data showed Sunday. Major local lenders saw their demand deposits decline by nearly 10 trillion won ($8.95 billion) from a month earlier in January. The combined amount at Shinhan, KB Kookmin, Woori, KEB Hana and NH banks came to 637.86 trillion won as of end-Januar

Investors frustrated over lower-than-expected dividend payouts, which came as a result of the banking groups’ failure to pass government stress tests

Mastern, KTB to launch NYC offices amid growing presence of Korean capitals in US property market

South Korea's domestic demand is faltering amid a flare-up in new coronavirus cases, but the country's improving exports have partially buffered an economic slowdown, a state-run think tank said Sunday. As consumption and employment took a beating amid the third wave of the COVID-19 pandemic, economic activity has remained sluggish, led by domestic demand, according to a monthly economic assessment report by the Korea Development Institute (KDI). "The Korean economy saw its domestic deman

The state-run Export-Import Bank of Korea (Exim Bank) said Sunday the country's exports are expected to expand up to 12 percent on-year over the first quarter on strong demand for chips and cars. Outbound shipments over the January-March period are estimated to reach around $145 billion won, according to the estimate provided by the bank. "The economic recovery of major export destinations, including China, the United States and the European Union, is expected to lend a hand to the recove

South Korea's consumer prices of poultry goods continued to gather ground as the country destroyed more birds in a preventive measure against the highly pathogenic bird flu, data showed Sunday, with the caseload reaching 87. The average price of eggs shot up 43.8 percent over the past week from the previous year, according to the data compiled by the Ministry of Agriculture, Food and Rural Affairs. Those of chicken and duck meat also increased 16.6 percent and 26.2 percent, respectively. South

South Korean stocks are likely to move in a tight range next week on eased market volatility as individuals and foreigners -- the driving forces behind the key stock index's stellar gains last month -- are expected to pull the key stock index in the opposite directions, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,126.63 points Friday, up 4.85 percent from a week ago. The KOSPI has undergone a major adjustment since last week due to rapid valuatio

Financial Services Commission Chairman Eun Sung-soo on Friday pledged all-out efforts to establish a monitoring system to detect illegal short selling before the financial regulator allows the practice to resume in May.  Short selling is a trading tactic whereby investors immediately sell borrowed stocks on a bet that share prices will fall, allowing them to later repurchase the stocks and return them to the lender. Some investors sell stocks without borrowing, known as “naked&rdqu

South Korean stocks rebounded Friday in line with rallies in global stock markets, as signs of recovery from the pandemic boosted foreign buying of local stocks. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 33.08 points, or 1.07 percent, to close at 3,120.63 points. Trading volume was moderate at about 1.2 billion shares worth some 19.4 trillion won ($17.3 billion), with gainers outnumbering losers 504 to 339. Foreigners bought a net

Credit card issuer BC Card said Friday that it has named Choi Won-seok, a former head of local financial firm FnPricing, as its new chief executive. The CEO hiring process will be complete after a shareholders meeting and board meeting slated for next month. Choi is an expert in the financial and IT segments, having developed systems that evaluate financial products at FnPricing. He has served as an outside board director for the card company for the past six years. The CEO appointee has

South Korea’s current account surplus rose to a two-year high last year amid the prolonged economic fallout from the COVID-19 pandemic, mainly due to a sharp fall in imports and overseas trips, central bank data showed Friday.  The country’s current account surplus for 2020 amounted to $75.28 billion -- up $15.6 billion, or 26.1 percent, from the previous year -- according to preliminary figures released by the Bank of Korea.  This marked the highest current account sur

Line, a Tokyo-headquartered mobile messenger subsidiary of South Korean tech firm Naver, said Friday that it had won a license from Taiwan’s Financial Supervisory Commission to launch an online bank in Taiwan. Since Line received a permit to set up an online banking business in the nation in 2019, Taiwanese financial authorities had been carrying out due diligence procedures on the internet-only bank. The mobile messenger firm said it would cooperate with the Taiwanese authorities to e

South Korea plans to inject 50,000 tons of tariff-free imported egg products through June to help stabilize the price. Meanwhile, no additional confirmed cases of the H5N8 strain of avian influenza were reported Friday, with the total caseload standing at 85. Authorities said they are currently investigating a suspected infection from a duck farm that is raising 8,000 ducks in Yeongam, 384 kilometers south of Seoul. Of the confirmed cases from farms, Gyeonggi Province that surrounds Seoul acc