The korea economic daily

Pension funds

NPS may shed extra $21 bn Korean stocks to cut exposure

The National Pension Service remains overexposed to South Korean stocks even after its 42-day consecutive net selling, and the world's third-largest ...

Exports

Korea remains world's 7th-largest exporter despite drop in exports

South Korea has maintained its position as the world's seventh-largest exporter despite its exports dropping by over five percent last year, accordin...

Dwindling population

S.Korea’s birth rate decline accelerates to world’s lowest

The average birth rate in South Korea dropped to a fresh low of 0.84 last year, the world’s lowest, which population experts said will unlikely...

Cryptocurrencies

BOK chief sees no intrinsic value in cryptocurrencies

Bank of Korea (BOK) Governor Lee Ju-yeol said the recent surge in cryptocurrency prices appears abnormal because they have no intrinsic value, adding...

Dual-class share structures

S.Korean govt pushes dual-class share structure amid Coupang US listing

South Korea's ruling Democratic Party is set to pass a bill that will allow a dual-class share structure for unlisted companies next month amid growi...

Share price forecasts

Samsung investors fret over stock’s fall as analysts see further gains

For retail investors of Samsung Electronics Co., the stock’s recent drop is reminiscent of the 2018 crash, when individuals who snapped up the ...

Monthly Infographic: Korean Shipbuilders

South Korea claims top spot in 2020 global shipbuilding orders

South Korean shipbuilders won the most shipbuilding orders worldwide in 2020, overtaking China and claiming the lead in the global shipbuilding indust...

Short-selling resumption

Korea to lift short-selling ban on large stocks; retail investors resist

South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investor...

Pandemic relief funds

Long-term treasury yields surge on talk of new relief fund

The ruling Democratic Party’s push to hand out "a substantial amount" of new relief money has rattled the South Korean debt market, sending lon...

Campaign against short-selling

Retail investors test Celltrion, HLB shares as Korea’s GameStop

Celltrion Inc. and HLB Inc., two leading South Korean biopharmaceutical shares, shot up on Monday as the main bourse’s key index climbed back a...

Short selling

S.Korea's short-selling ban may face second extension; longest to date

South Korea’s financial authorities and the ruling Democratic Party are likely to extend the country's ban on short selling for another three m...

Short selling

IMF official warns against S.Korea’s short-sale ban

A senior official of the International Monetary Fund (IMF) on Thursday warned against the extended ban on stock short selling in South Korea, saying ...

Macroeconomics

Korea posts worst economic contraction since 1998; down 1%

South Korea’s economic growth rate dropped by 1 percent last year, its worst performance since the 1998 Asian financial crisis when the countr...

Korean-Americans on Wall Street

Korean social network-turned-Wall Street gateway

Korean investment bankers are more visible on Wall Street than ever before. Between 2010 and 2020, some 120 bankers, of Korean origin, landed coveted...

Stock correction warning

BOK governor warns of abrupt stock market correction; holds rate steady

South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid ...

Household debts

S.Korean banks' household, company loans near $1.8 trn

South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding ...

ESG management

Korea requires major companies to disclose ESG activities from 2025

Big companies listed on South Korea’s major stock market will be required to disclose their business activities related to environmental, socia...

Short selling

Calls grow for further or indefinite extension of short-selling ban

South Korean retail investors are speaking out against the lifting of a one-year ban on stock short selling ahead of its resumption scheduled for mid...

KOSPI

NPS boosts holdings in parts, materials, leisure stocks

The National Pension Service has raised exposure to parts, materials and leisure stocks in South Korea that had underperformed the broader markets, w...

S.Korea's cleaning and disinfecting appliance exports soar amid COVID-19 pandemic

Increased time spent at home due to the prolonged COVID-19 pandemic has led to the rise in exports of cleaning and disinfecting appliances, including ...

KOSPI

Kospi closes above 3,000 points for first time

South Korea’s benchmark stock index closed above the 3,000 mark for the first time on Jan. 7, powered by sectors such as telecoms and financial...

Pension funds

CPPIB owns one-quarter of Korea’s listed logistics REIT

The Canada Pension Plan Investment Board (CPPIB) has emerged as the top shareholder in South Korea’s only listed logistics real estate investm...

Semiconductor exports

Korea’s chip exports to top $100 bn in 2021, second-best performance ever

South Korea’s semiconductor exports are expected to top $100 billion this year, led by rising demand for DRAM and system chips.According to the...

Kospi market cap

S.Korea's stock market cap tops nominal GDP for the first time

The combined value of South Korea’s main stock market, which wrapped up last year at its highest-ever closing level, topped the country’s...

Year-end review

Korea’s retail investors go West, eye golden ticket for big money

For South Korean stock investors, 2020 may go down in history as the year of The Great Quest for big money, and at the end of their journey they foun...

Market snapshot

Korea’s stock markets rise most among majors; beat S&P 500, Nasdaq gains

South Korean bourses on Wednesday wrapped up this year's trade at their highest levels of the year, rising the most among major equity markets and be...

Stock markets

Kospi hits fresh highs ahead of ex-dividend date

South Korea’s benchmark index Kospi hit a new intraday high on Dec. 28 at 2,834.59 points, just two days before wrapping up the year. However, ...

IPO performances

Korea’s liquidity-driven IPO market sets slew of fresh records in 2020

As the stock markets around the globe took a wild ride amid the pandemic in 2020, ample liquidity led to plenty of fresh records in the initial publi...

IPOs

Seoul stock markets brimming with startup IPOs in Jan

Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billion...

Year of ants investors

Korea’s retail investors shed loser image, turn pandemic into bonanza

In South Korea, as the saying goes, the stock market is at its peak if a swarm of individual investors go on a buying spree, often leading to heavy l...