SEOUL, April 18 (Korea Bizwire) — South Korean stocks finished higher Friday as investors bet on smooth tariff negotiations between the United States and its trading partners. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 13.01 points, or 0.53 percent, to close at 2,483.42. Trade [...]
SEOUL, April 15 (Korea Bizwire) — The head of South Korea’s financial watchdog has vowed to push ahead with a series of steps to boost fairness and transparency in the capital markets, as well as shareholder value, the Financial Supervisory Service (FSS) said Tuesday. In a meeting with dozens of bankers and financiers in Hong [...]
SEOUL, April 13 (Korea Bizwire) — Volatility in South Korea’s foreign exchange market surged to its highest level last week since the country extended trading hours for the won–U.S. dollar market, data showed Sunday. The weekly fluctuation in the won–dollar exchange rate reached 67.6 won during the second week of April, which marked the highest [...]
SEOUL, April 11 (Korea Bizwire) — The Korea Exchange announced Friday that it will list three exchange-traded funds (ETFs) on April 15, 2025, all focused on companies involved in the development of humanoid robots. The funds, managed by Samsung Asset Management, KB Asset Management, and Hanwha Asset Management, mark a growing investor interest in next-generation [...]
SEOUL, April 10 (Korea Bizwire) – South Korean stocks rallied 6.6 percent Thursday as the U.S. administration’s temporary pause of reciprocal tariffs on South Korea improved market sentiment. The Korean won was trading sharply higher against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) soared 151.36 points, or 6.6 percent, to close [...]
SEOUL, April 9 (Korea Bizwire) — South Korean banks will offer English mobile applications and documents this year to help foreign residents get better access to banking services and reduce their inconvenience, the financial watchdog said Wednesday. According to the Financial Supervisory Service (FSS), the number of foreign customers at local banks stood at 8.13 [...]
SEOUL, April 9 (Korea Bizwire) — Household loans extended by South Korean banks rose for the second consecutive month in March, central bank data showed Wednesday, amid rising housing prices in the affluent districts of southern Seoul following state deregulatory moves. Banks’ outstanding household loans stood at 1,145 trillion won (US$774.12 billion) as of end-March, [...]
SEOUL, April 9 (Korea Bizwire) — The National Pension Service (NPS), South Korea’s largest institutional investor, recorded a notable increase of more than ₩8 trillion in the market value of its domestic stock holdings during the first quarter of 2025, buoyed by surging defense and shipbuilding stocks. According to financial data provider FnGuide, as of [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s largest banks posted record-breaking profits in 2024, yet their hiring of entry-level employees remained flat or declined, drawing criticism for neglecting their social responsibility to create jobs—particularly for young job seekers facing a worsening employment climate. According to data obtained by Rep. Kim Hyun-jung of the National [...]
SEOUL, April 7 (Korea Bizwire) — The South Korean market could face heightened volatility for a longer-than-expected period due to the Donald Trump administration’s sweeping tariff policy, the central bank said Monday, calling for prompt implementation of market stabilization measures when necessary. Bank of Korea (BOK) Deputy Gov. Ryoo Sang-dai made the assessment during an [...]