South Korean stocks opened higher Tuesday as institutional investors sought to pick up oversold shares after the index declined the previous session amid lingering inflation concerns. The benchmark Korea Composite Stock Price Index (KOSPI) rose 16.13 points, or 0.51 percent, to 3,150.65 points in the first 15 minutes of trading. The local index rebounded, led by institutional buying, after the KOSPI dipped 0.6 percent the previous session, shrugging off an overnight decline on Wall Street. In

South Korean institutional investor Military Mutual Aid Association has named Lee Sang-hee, former top investor at Lotte Non-Life Insurance, as its new chief investment officer, the firm said Monday. Lee’s three-year term will start on Thursday, according to the institutional investor who manages 12.7 trillion won ($11.18 billion) in assets as of 2020. He will be responsible for overseeing 5 trillion-won worth of financial assets at MMAA -- including equities, fixed-income and alternative

South Korean stocks closed lower Monday as investors took caution over rising coronavirus cases in parts of Asia and assessed China's latest economic data that partially missed expectations. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 18.80 points, or 0.6 percent, to 3,134.52 points. Trading volume was moderate at about 758.87 million shares worth some 14.33 trillion won ($12.6 billion), with losers outnumbering gainers 587 to 277. Foreigner

South Korean shares opened higher Monday, driven by retail buying amid eased concerns over post-pandemic inflation. The benchmark Korea Composite Stock Price Index (Kospi) rose 4.57 points, or 0.14 percent, to 3,157.89 points in the first 15 minutes of trading. The local index traded higher after a slump the previous week, tracking a sharp rise on Wall Street on Friday as investors shrugged off worries over inflation and rising commodity prices. In Seoul, top cap Samsung Electronics inched up

Bithumb, South Korea’s second-largest cryptocurrency exchange by transaction volume, is facing mounting criticism over repeated glitches on its platform, which has accumulated to at least 11 times since April. As of Sunday, there were a total of 11 server delays that Bithumb disclosed officially since April, including the latest one Friday. The figure excludes temporary suspensions in transactions due to network issues. Bithumb’s server errors, ranging from suspension in price

One of the most over-used phrases of the past decade has been “buy-on-dips.” Many market analysts, including ourselves, have often reached for this phrase when considering the best course of action amid stock market volatility. However, it raises a broader question of whether this optimism has been the right course of action. When faced with the choice of stocks or bonds, should investors have defaulted to buying equities on dips, or would they have been better served by seeking s

Lawmakers have been reviewing easing loan regulations to make it easier for young people and newlyweds to buy homes, including measures that could raise their loan-to-value ratios up to 90 percent, sources close to the matter said Sunday. Several options under discussion among ruling Democratic Party lawmakers include limiting the LTV in areas designated as “overheated speculative zones” -- such as Seoul’s affluent Gangnam district -- to 40 percent, while raising the LTV for p

BOK under growing pressure to hike rate

Three South Korean brokerage houses -- Korea Investment & Securities, Hana Financial Investment and SK Securities -- are expected to increase liquidity in the emissions trading market by joining as market makers, bourse operator Korea Exchange said Sunday. Beginning from Monday, the local investment firms are required to submit bids on emission related stocks that have a price difference between buy and sell worth less than 500 won ($0.44) for at least 30 minutes during every trading sessio

The Seoullo 7017, a city park built along a former highway overpass, is an inviting spot for a refreshing night walk, offering the chance to recall the beauty of the city’s nightscape that has almost been forgotten due to the lingering pandemic and its impact on evening activities. Lights installed in the huge plant pots and small bulbs placed among the greenery light up the pathway at night, making visitors to feel walking among the stars. The park also uses the facade of Seoul Squ

South Korean stocks are likely to suffer an extended slide next week following this week's retreat, as fears about early post-pandemic inflation continue to weigh on the market. The benchmark Korea Composite Stock Price Index closed at 3,153.32 points on Friday, down 1.37 percent from 3,197.2 points a week ago. On the back of disappointing US jobs data in April that eased woes over inflationary pressure, the local stock market startedwith an advance. However, the stock index slumped more th

South Korean stocks bounced back to gains Friday after the US stock market snapped a three-day plunge that stemmed from concerns about early post-pandemic inflation. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) rose 31.21 points, or 1 percent, to close at 3,153.32 points. Trading volume was moderate at about 822 million shares worth some 14.2 trillion won ($12.6 billion), with gainers outnumbering losers 506 to 343. Foreigners sold a net 4

South Korean stocks opened higher Friday after the US index rebounded from a three-day plunge that stemmed from concerns about early post-pandemic inflation. The benchmark Korea Composite Stock Price Index (Kospi) rose 21 points, or 0.67 percent, to reach 3,143.11 points in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite advanced 0.72 percent, with the Dow Industrial Average and the S&P 500 up 1.29 percent and 1.22 percent, respectively. In Seoul, market bellwe

Foreign investors turned to net buyers of South Korean stocks last month, ending their four-month selling spree, data showed Friday. Foreigners bought a net 672 billion won ($594 million) worth of local stocks in April, according to the data from the Financial Supervisory Service (FSS). Investors from Saudi Arabia purchased a net 56.8 billion won of stocks last month, while investors from the Cayman Islands sold a net 58.2 billion won of stocks, according to the FSS. As of end-April, local st

BEIJING (AP) -- Stock markets in London and Tokyo tumbled 2.5% on Thursday and US futures were lower after a jump in American consumer prices fueled worries inflation might drag on an economic recovery. Shanghai, Frankfurt and Hong Kong also declined for a second day, following Wall Street lower. Overnight, Wall Street's benchmark S&P 500 index recorded its biggest one-day drop in three months after US prices, exceeding forecasts, rose in April at their fastest year-on-year pace in 13 year