Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Korean, Romanian leaders discuss defense tech, nuclear energy
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Medical standoff deepens as doctors reject new med school plan, talks
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[Graphic News] 77% of young Koreans still financially dependent
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N. Korea sends economic delegation to Iran amid suspected military cooperation
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[Herald Interview] Why Toss invited hackers to penetrate its system
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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Seoul shares fall as chipmakers weighed down after Samsung Electronics earnings
South Korean stocks closed slightly lower Wednesday, hurt by declines in semiconductor stocks after chip giant Samsung Electronics reported its fourth-quarter earnings. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 1.72 points, or 0.07 percent, to 2,497.09. Trade volume was moderate at 443.1 million shares worth 8.69 trillion won ($6.50 billion), with losers outpacing winners 525 to 350. Market watchers cited the mixed performance of overnight Wa
Jan. 31, 2024
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Seoul shares open weaker ahead of US Fed's rate decision
South Korean stocks opened weaker Wednesday ahead of a key rate decision by the US Federal Reserve this week. The benchmark Korea Composite Stock Price Index slid 6.01 points, or 0.24 percent, to 2,492.80 in the first 15 minutes of trading. Overnight, US stocks closed mixed as Wall Street waited for the Fed's latest decision on interest rates. The Dow Jones Industrial Average inched up 0.35 percent, while the S&P 500 shed 0.06 percent. The Nasdaq composite dropped 0.76 percent. In Seoul
Jan. 31, 2024
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Seoul shares fall on profit-taking ahead of US Fed's rate meeting
South Korean stocks closed lower Tuesday as investors booked profit ahead of the US Federal Reserve's policy meeting later this week. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 1.84 points, or 0.07 percent, to close at 2,498.81, ending its three consecutive session advance. Trade volume was moderate at 476.1 million shares worth 8.63 trillion won ($6.49 billion). Winners, however, outpaced losers 493 to 385. Foreign and retail investors s
Jan. 30, 2024
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[Photo News] Cry for compensation
Petitions submitted by investors reeling from losses due to Hong Kong-tied derivatives are laid out at the National Assembly in Seoul on Tuesday. A group of investors held a protest, calling for compensation for their losses and accusing banks of misleading them. The principal losses from the financial product are estimated to reach 6 trillion won ($4.5 billion) in the first half of this year. (Yonhap)
Jan. 30, 2024
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Seoul shares open higher following Wall Street gains
South Korean stocks got off to a strong start Tuesday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 18.70 points, or 0.75 percent, to 2,519.35 in the first 15 minutes of trading. Overnight, US stocks gained ground as investors looked ahead to scheduled earnings announcements by major companies and the Federal Reserve's rate decision meeting later this week. The S&P 500 climbed 0.8 percent to close at a fresh high, while the Dow Jones Indu
Jan. 30, 2024
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Seoul shares up for 3rd day on institutional, foreign buying
South Korean stocks closed higher for the third straight trading day Monday as institutions and foreign investors shored tech, bio and other blue chips. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 22.09 points, or 0.89 percent, to close at 2,500.65, extending its winning streak to a third day. Trade volume was moderate at 421.5 million shares worth 8.85 trillion won ($6.62 billion), with gainers outpacing losers 523 to 361. Institutions and for
Jan. 29, 2024
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[KH Explains] Private equity firms hunt for health care buyouts
Korean private equity firms are increasingly betting big on health-focused companies at home and abroad, in a bid to capitalize on the growth potential of the health care and wellness sector amid a globally aging population. In Korea alone, where accelerated demographic change is observed due to the low birth rate, the number of people aged 65 or over was 9.73 million in 2023, about 20 percent of the total population, surging from 10 percent back in 2010. Hahn & Co., the nation's largest pri
Jan. 29, 2024
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[Herald Interview] BridgeRock offers strategic solutions for real estate loan workouts
Once deemed an investment that produced a stable income stream, office buildings in the US are causing a headache for Korean investors as they wrestle with defaults on loans amid weakening demand and increased interest rates. With their investments turning sour, investors should come up with “creative ways to handle defaulted loans to draw a path to recovery," US commercial real estate investment firm BridgeRock Capital’s founder and managing director Jin Kim said. “Kore
Jan. 29, 2024
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Seoul shares open higher on tech, bio gains
Seoul shares opened higher Monday as institutions and foreign investors scooped up tech, bio and other blue chips. The benchmark Korea Composite Stock Price Index climbed 0.49 percent, or 12.11 points, to 2,490.67 in the first 15 minutes of trading. Market bellwether Samsung Electronics gained 0.41 percent, and its consumer electronics rival LG Electronics rose 1.07 percent. Bio shares also traded higher, with Samsung Biologics soaring 5.30 percent and Celltrion advancing 2.41 percent. Auto and
Jan. 29, 2024
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Seoul shares end higher on battery gains
Seoul shares closed higher Friday on battery gains amid a report that the US economy remains resilient. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 0.33 percent, or 8.22 points, to 2,478.56. The Kospi has risen 0.2 percent this week. Trading volume was slim at 285.54 million shares worth 7 trillion won ($5.2 billion), with gainers outpacing losers 549 to 312. Institutions and foreigners bought a combined 380 billion won worth of stocks, offsett
Jan. 26, 2024
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Seoul shares open lower on tech losses despite US gains
Seoul shares opened lower Friday on tech losses, despite overnight gains on Wall Street following a report indicating the US economy remains stronger than expected. The benchmark Korea Composite Stock Price Index fell 0.06 percent, or 1.44 points, to 2,468.90 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.6 percent to 38,049.13, and the tech-heavy Nasdaq climbed 0.2 percent to 15,510.50. The US economy grew at an estimated 3.3 percent in the fourth quarter
Jan. 26, 2024
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Seoul shares close tad higher on auto gains
Seoul shares ended slightly higher on Thursday, helped by gains in auto stocks as their 2023 earnings fared well on the back of robust demand. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 0.03 percent, or 0.65 points, to 2,470.34. Trading volume was moderate at 337.26 million shares worth 7.5 trillion won ($5.6 billion), with losers outpacing gainers 443 to 424. Institutions and foreigners bought a combined 236 billion won worth of stocks, offse
Jan. 25, 2024
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Seoul shares open lower on Tesla's weak earnings
Seoul shares opened lower Thursday, tracking an overnight fall on Wall Street. The benchmark Korea Composite Stock Price Index fell 0.58 percent, or 14.42 points, to 2,455.27 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.3 percent to 37,806.39, while the tech-heavy Nasdaq rose 0.4 percent to 15,481.92. Tesla reported weaker-than-expected earnings for the fourth quarter, which dragged down EV battery makers here. In Seoul, large-cap stocks were mixed. Mark
Jan. 25, 2024
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Seoul shares close lower on profit taking ahead of earnings season
South Korean stocks closed lower Wednesday ahead of the release of earnings reports by major firms. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 8.92 points, or 0.36 percent, to 2,469.69. Trading volume was low at 381.6 million shares worth 7.17 trillion won ($5.36 billion), with losers far outpacing gainers 608 to 271. Foreigners sold shares worth 24.1 billion won, while retail investors bought a net 103.8 billion won. Institutions sold a net 8
Jan. 24, 2024
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Seoul shares open lower on profit-taking
South Korean stocks opened lower Wednesday as investors sought profits. The benchmark Korea Composite Stock Price Index fell 12.29 points, or 0.5 percent, to 2,466.32 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.25 percent lower as investors cashed in profits, while the tech-heavy Nasdaq added 0.43 percent. In Seoul, top tech giant Samsung Electronics moved down 1.2 percent, and No. 2 chipmaker SK hynix shed 1.21 percent. Leading carmaker Hyundai Motor
Jan. 24, 2024
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Seoul shares close higher following stellar performance of US stocks
South Korean stocks closed higher Tuesday as investors scooped up undervalued shares after US stock indexes closed at an all-time high overnight. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index added 14.26 points, or 0.58 percent, to 2,464.35. Trading volume was moderate at 461 million shares worth 7.87 trillion won ($5.89 billion), with gainers outpacing losers 482 to 379. Foreigners bought shares worth 137.9 billion won, while retail investors offload
Jan. 23, 2024
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Seoul shares open higher on record Wall Street performance
South Korean stocks opened higher Tuesday as US shares reached an all-time high overnight on growing optimism over the US economy. The benchmark Korea Composite Stock Price Index rose 9.84 points, or 0.4 percent, to 2,474.19 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.36 percent higher to set an all-time high level. The S&P 500 advanced 0.22 percent, also reaching a fresh high. The tech-heavy Nasdaq added 0.32 percent as well. In Seoul, top tech g
Jan. 23, 2024
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Seoul shares close lower ahead of earnings season
South Korean stocks lost ground on Monday as investors sat on the sidelines ahead of the release of fourth-quarter earnings reports. The Korean won edged up against the US dollar. The benchmark Korea Composite Stock Price Index fell 8.39 points, or 0.34 percent, to 2,464.35. Trading volume was low at 376 million shares worth 8.25 trillion won ($6.1 billion), with losers outpacing gainers 575 to 295. Foreigners bought shares worth 295.3 billion won, while retail investors offloaded a net 244 bill
Jan. 22, 2024
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Korea's global bond index inclusion likely this year: Standard Chartered
South Korea’s sovereign bond market is likely to be included among the top grade of global market indices, as abating inflation revives investors’ appetite for government bonds, according to economists from Standard Chartered Group on Friday. At the 2024 Global Research Briefing conference hosted by the Korean unit in Seoul, Arup Ghosh, Standard Chartered Bank's co-head of Asia rates research, predicted that Korean treasury bonds will take a positive turn this year due to the tr
Jan. 22, 2024
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Seoul shares open slightly higher on tech gains
South Korean stocks opened slightly higher Monday on the back of gains from technology shares. The benchmark Korea Composite Stock Price Index rose 4.81 points, or 0.19 percent, to 2,477.55 in the first 15 minutes of trading. South Korea's top tech giant Samsung Electronics moved up 0.67 percent, and No. 2 chipmaker SK hynix gained 2.41 percent. Naver, which operates the country's top online portal, shot up 2.32 percent, with Kakao also advancing 1.74 percent. Pharmaceutical shares wer
Jan. 22, 2024