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Foreign Ministry denounces heightening tensions in Middle East
[New in Korean] Lee Seo-su's experience opening cafe reflected in her latest novel
Gold trading volume spikes amid Mideast crisis
Chinese man behind drug scam targeting teens nabbed in Cambodia
Seoul envoy for N.K. human rights urges solidarity in Argentina, Mexico
Yoon, Romanian president to hold summit in S. Korea next week
S. Korea voices strong regrets over Japanese textbooks distorting wartime history
[Herald Interview] Lim Yunchan: Chopin album feels like long-awaited eruption
Discover awarding-winning Korean literature at 'Springing to Life' exhibition
Seoul Outdoor Library reopens with expansion to Cheonggyecheon
Local govts. seek to attract foreign residents amid population decline
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
[Today’s K-pop] Illit drops debut single remix
France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
[From the Scene] Monks, Buddhists hail return of remains of Buddhas
Seventeen unveils track list for upcoming album
Yoon offers first one-on-one meeting with opposition leader next week
Main opposition seeks to railroad more pending bills ahead of new parliament
Seoul shares dip over 1.5% on escalating Israel-Iran tensions; won sharply down
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Seoul shares open higher on US stock gains
Mar 13, 2024
South Korean stocks opened slightly higher Wednesday, tracking overnight Wall Street gains driven by megacap tech stocks. The benchmark Korea Composite Stock Price Index rose 8.85 points, or 0.33 percent, to 2,690.66 in the first 15 minutes of trading. Overnight, Wall Street logged strong gains as investors shored up Nvidia, Oracle and other big tech stocks despite higher-than-expected February consumer price data. The Dow Jones Industrial Average rose 0.61 percent, and the S&P 500 gained 1.
Seoul shares close higher on tech, battery gains
Mar 12, 2024
South Korean stocks ended higher Tuesday as investors scooped up tech, battery and other blue chips. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 21.97 points, or 0.83 percent, to 2,681.81. Trade volume was moderate at 390 million shares worth 9.45 trillion won ($7.3 billion). Losers, however, beat winners 495 to 365. Institutions led the overall gains, buying a net 508 billion won, while foreign and retail investors unloaded shares. Han Ji-
Seoul shares open higher on tech, energy gains
Mar 12, 2024
South Korean stocks opened slightly higher Tuesday on gains in tech, energy and other blue chips. The benchmark Korea Composite Stock Price Index rose 5.99 points, or 0.23 percent, to 2,665.83 in the first 15 minutes of trading. Tech shares opened a tad higher, with No. 2 chipmaker SK hynix adding 0.12 percent and LG Electronics rising 1.15 percent. Energy and chemical shares went up, with leading refiner SK Innovation and top chemical maker LG Chem climbing 1.69 percent and 2.75 percent, respec
Bank association chief expresses regret over HK ELS misselling
Mar 11, 2024
Korea Federation of Banks Chair Cho Yong-byoung on Monday expressed regrets over massive losses inflicted on consumers who invested in derivatives products underlying a key Hong Kong stock market index, sold by local lenders. Earlier in the day, the country’s regulator Financial Supervisory Service advised banks and securities firms to compensate for losses incurred from their incomplete sales of equity-linked securities products tracking Hong Kong's H Index. The total loss on such
Bitcoin hits new record high above W100m in Korea
Mar 11, 2024
The price of bitcoin jumped to a new record in Korea on Monday, breaking through 100 million ($76,365) for the first time. Bitcoin, the world’s biggest cryptocurrency, traded at above 100 million won on the nation’s largest crypto exchange Upbit at 4:32 p.m., a surge since the price exceeded 98.4 million won on Friday. The record figure was in line with the global rally. According to global price-tracking platform CoinMarketCap, the price of bitcoin surpassed $71,200 as of 4:48 p.m.
Seoul shares close lower on profit-taking; won sharply up
Mar 11, 2024
South Korean stocks ended lower Monday to snap their two-day winning streak as investors locked in part of gains after a recent rally. The local currency rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index fell 20.51 points, or 0.77 percent, to 2,659.84. Trade volume was moderate at 383 million shares worth 8.69 trillion won ($6.63 billion), with losers beating winners 517 to 353. Foreigners and institutions led the decline, dumping a net 107 billion won and 112.3
Seoul shares start lower on profit-taking
Mar 11, 2024
South Korean stocks opened lower Monday as investors hunted for profits following a recent rally. The benchmark Korea Composite Stock Price Index retreated 13.94 points, or 0.52 percent, to 2,666.41 in the first 15 minutes of trading. The main index gained for two straight sessions through Friday on the US central bank's dovish stance. Market heavyweights led the negative opening. Top-cap Samsung Electronics fell 0.55 percent, and No. 2 SK hynix sank 3.08 percent. Leading battery maker LG E
[KH Explains] Missing pieces of 'value-up' program
Mar 10, 2024
The government’s measures aimed at increasing shareholder returns to boost Korea's undervalued stock market have sparked much debate on their effectiveness due to the lack of motivational drivers for companies to join the program. In the Corporate Value-up Program announced by the Financial Services Commission on Feb. 26, the government directed some 1,600 firms listed on the Kospi and Kosdaq markets to disclose their major investment indicators such as price-to-book ratio, and make p
A cryptocurrency mogul arrested in Montenegro faces extradition to South Korea after a court ruling
Mar 9, 2024
POGORICA, Montenegro (AP) — A Montenegrin court on Thursday ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year. The High Court handed down the ruling just days after an appeals court overturned its previous decision to extradite Kwon to the United States. Kwon, 32, was apprehended on an international arrest warrant
Seoul shares close over 1% higher after Fed chief's dovish comments
Mar 8, 2024
South Korean stocks closed more than 1 percent higher Friday as investors cheered US Federal Reserve Chair Jerome Powell's testimony hinting at a rate cut this year. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 32.73 points, or 1.24 percent, to 2,680.35. Trade volume was moderate at 444.9 million shares worth 11.1 trillion won ($8.45 billion), with gainers outpacing losers 520 to 350. Foreigners bought a net 178 billion won worth of
Seoul shares open higher amid hopes for Fed's early rate cut
Mar 8, 2024
South Korean stocks opened higher Friday as US Federal Reserve Chair Jerome Powell hinted the confidence needed for the rate cut is approaching. The benchmark Korea Composite Stock Price Index added 34.79 points, or 1.31 percent, to 2,682.41 in the first 15 minutes of trading. Overnight, the US stock market closed higher with the Dow Jones Industrial Average rising 0.34 percent and the tech-heavy Nasdaq Composite advancing 1.51 percent. The S&P 500 closed at an all-time high by moving up 1.0
Seoul shares end tad higher amid Fed chief's testimony
Mar 7, 2024
South Korean stocks closed slightly higher Thursday after US Fed Chairman Jerome Powell hinted at a possible rate cut this year, while acknowledging economic uncertainties still remain. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index added 6.13 points, or 0.23 percent, to 2,647.62. Trade volume was moderate at 447 million shares worth 10.2 trillion won ($7.72 billion), with losers outpacing gainers 591 to 297. Foreigners offloaded 308 billion won
[KH Explains] ‘Kimchi premium’ returns, but weaker
Mar 7, 2024
Price discrepancy narrows as more investors join
Seoul shares open higher as Fed chair hints at possible rate cut this year
Mar 7, 2024
South Korean stocks opened higher Thursday as US Federal Reserve Chair Jerome Powell hinted that the rate cut is likely "at some point this year." The benchmark Korea Composite Stock Price Index added 9.77 points, or 0.37 percent, to 2,651.26 in the first 15 minutes of trading. Overnight, the US stock market closed higher with the Dow Jones Industrial Average rising 0.2 percent and the tech-heavy Nasdaq Composite advancing 0.58 percent. During the testimony delivered before the House o
[Graphic News] Imports of frozen fruit hit new record in 2023 on higher fresh produce prices
Mar 7, 2024
South Korea’s imports of frozen fruit products hit a new record in 2023, data showed Sunday, amid the growing burden on consumers to purchase fresh goods due to lingering inflation. The country’s imports of frozen fruit products came to 64,000 metric tons in 2023, up 6 percent from a year earlier, according to the data compiled by the Korea Rural Economic Institute. In 2023, prices of agricultural, livestock and fishery products climbed 3.1 percent on-year. Of major items, the pric
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