Battlefield of credit loans set to be extended to W750t home loan market

Hyundai Capital Services, the country’s leading auto financing company, said Sunday that it launched an online knowledge sharing platform for its global entities to share new strategies and up-to-date progress of product development. The “Online Knowledge Sharing Platform,” which to be developed into a global product hub, will help global entities to share product strategies, experiences and knowledge from the different regions in real time, the company said. The online pl

South Korea’s public pension fund, the National Pension Service, gained a cumulative 5.8 percent in the first five months of this year, a preliminary estimate showed Friday. This robust growth brought the value of the world’s third-largest pension fund to 892.3 trillion won ($775.9 billion) as of May, approaching the unprecedented 900 trillion won mark despite lingering COVID-19 uncertainties in the global capital market. The news came a day after the NPS extended Chief Investment

While South Korea’s main bourse Kospi has stayed confined in a range of around 3,200-3,300 points for a month, market watchers are paying close attention to which stocks will be added to the Morgan Stanley Capital International’s index in an upcoming announcement. The US-based finance firm is slated to announce August’s quarterly review result of the MSCI Korea Index on Aug. 12. Since foreign capital is expected to flow into listed companies that newly join the index, the for

South Korean stocks fell more than 1 percent Friday amid rising uncertainties related to China's clampdown on its tech firms. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) slumped 40.33 points, or 1.24 percent, to close at 3,202.32 points. The figure marks the index's largest daily drop since May 13. Trading volume was moderate at about 677 million shares worth some 12.6 trillion won ($11 billion), with losers outnumbering gainers 643 to 213

Nationwide apartment transactions plunged in June ahead of the launch on Wednesday of a subscription program for newly built homes, which put the brakes on a buying spree in the local real estate market, data showed Friday.  According to the data from the Ministry of Land, Infrastructure and Transport, a total of 88,922 apartment units changed hands across the nation last month, down 35.8 percent from 138,578 a year earlier.  In the Greater Seoul area, the transaction volume fell 44.

South Korean stocks opened lower Friday as investors attempted to cash in recent gains. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.74 points, or 0.36 percent, to 3,230.91 points in the first 15 minutes of trading. The KOSPI got off to a lackluster start amid sell-offs on the auto, bio and tech large caps. Overnight, the Dow Jones Industrial Average gained 0.44 percent, with the tech-heavy Nasdaq composite and the S&P 500 advancing 0.11 percent and 0.42 percent, respec

Krafton has priced its initial public offering at 498,000 won ($434.5) a share, at the top end of its indicative price range of 400,000-498,000 won, the South Korean game maker said in a regulatory filing Thursday. The game developer behind shooting game PlayerUnknown’s Battlegrounds wrapped up its book-building process Tuesday. While institutional investors placed their bids to obtain new shares for the IPO, a total of 621 domestic and overseas institutions participated. Competition amo

South Korean stocks opened higher Thursday as investor sentiment improved over optimism for strong corporate earnings and the US Fed's assurance that tapering would require more recovery from the pandemic. The benchmark Korea Composite Stock Price Index (KOSPI) rose 11.04 points, or 0.34 percent, to 3,247.9 points in the first 15 minutes of trading. Stocks advanced after a two-day gain, backed by second-quarter surprise earnings by large caps, including market bellwether Samsung Electronics a

South Korean stocks edged up Wednesday after a choppy session as hopes of strong corporate earnings pared investors' concerns about China's move to regulate tech firms. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) rose 4.33 points, or 0.13 percent, to close at 3,236.86 points. Trading volume was moderate at about 857 million shares worth some 11.7 trillion won (US$10.1 billion), with losers outnumbering gainers 590 to 253. Foreigners sold

Acquiring additional shares in Starbucks Korea could boost E-mart’s operating profit to near 1 trillion won ($864.4 million) within years, analysts said Wednesday. Several analysts praised E-mart’s decision to buy an additional stake in Starbucks Korea, which will become a subsidiary of the supermarket chain once the deal is closed. On Tuesday, E-mart, the supermarket chain under retail giant Shinsegae Group, announced that it bought an additional 17.5 percent stake in Starbu

Amid the continuing market frenzy surrounding stocks, the number of young retail investors in South Korea has surged more than three times over the past 18 months, a local brokerage’s recent data showed Wednesday. The number of small domestic investors under 20 years old came to 125,000 as of end-June, up 214 percent from the 39,000 marked at the end of 2019, according to clients’ data released by KB Securities. The brokerage house attributed the rising figures to not only a rece

South Korean stocks opened slightly lower Wednesday, tracking the US stock retreat on uncertainties from China's move to regulate tech firms. The benchmark Korea Composite Stock Price Index (Kospi) fell 4.61 points, or 0.14 percent, to 3,227.92 points in the first 15 minutes of trading. Local investor sentiment weakened as tech stocks plunged more than 4 percent in Hong Kong for a second straight session Tuesday. Hong Kong tech retreated following China's decision to reform its tech industry

South Korea‘s largest online-only bank attracts W58tr in retail subscription, lower than market expectations

South Korean stocks rebounded Tuesday as investor sentiment improved on optimism for strong corporate earnings despite the spreading new coronavirus pandemic. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 7.58 points, or 0.24 percent, to close at 3,232.53 points. Trading volume was moderate at about 978 million shares worth some 12.1 trillion won ($10.5 billion), with gainers outnumbering losers 534 to 287. Foreigners bought a net 44 b