Markets
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Central bank
BOK takes another big step hike as weak won lifts prices
South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...
Oct 12, 2022 (Gmt+09:00)
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Central bank
Fed may allow recession to stem inflation: Ex-Boston Fed chief
NEW YORK -- The Federal Reserve will not be able to stem rampant inflation in the US without an economic recession, former Boston Fed President Eric...
Oct 07, 2022 (Gmt+09:00)
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Corporate bonds
Korean corporate bond issuance hits 2022 monthly low in September
South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...
Oct 07, 2022 (Gmt+09:00)
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Cryptocurrencies
Bitcoin is not money: South Korean court
A South Korean court judged that Bitcoin, the world’s leading virtual currency, is not money and therefore the cryptocurrency is not subject t...
Oct 06, 2022 (Gmt+09:00)
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Economy
BOK mulls 50-bp rate hike despite slower Sept inflation
South Korea’s headline inflation slowed in September for a second straight month on lower oil prices, but the central bank is still predicted ...
Oct 05, 2022 (Gmt+09:00)
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Korean stock market
Korea to complete process for stock market fund in mid-Oct
South Korea is set to complete the process for a stock market stabilization fund of 10 trillion won ($7 billion) by the middle of this month, to be ...
Oct 04, 2022 (Gmt+09:00)
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Sovereign bonds
Korea on watch list for WGBI inclusion; hoping for bond inflows
FTSE Russell, a global index provider, added South Korea to the watch list for potential inclusion in its FTSE World Government Bond Index (WGBI), p...
Sep 30, 2022 (Gmt+09:00)
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Markets
Short selling piles up on Kospi’s top three stocks
South Korea’s three largest companies by market cap -- Samsung Electronics Co, LG Energy Solution Co. and SK Hynix Inc. -- were heavily short ...
Sep 30, 2022 (Gmt+09:00)
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Economy
Sinking won fans doubts over Korea’s economic fundamentals
The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...
Sep 29, 2022 (Gmt+09:00)
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Markets
S.Korea to take measures to support stock, bond markets
South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...
Sep 28, 2022 (Gmt+09:00)
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Foreign exchange
Falling won yet to cool Koreans’ fever for overseas travel
The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...
Sep 28, 2022 (Gmt+09:00)
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Markets
Kospi hits two-year low; regulators mull short-selling ban
South Korea's stock market tumbled to its lowest level in more than two years on Wednesday, as fears of a slowing global economy and rising inflatio...
Sep 28, 2022 (Gmt+09:00)
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Cryptocurrencies
Korean crypto buyers show higher risk appetite than global peers
South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfolios between market le...
Sep 27, 2022 (Gmt+09:00)
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Economy
Tanking won deteriorates Korea’s dollar funding conditions
A nosediving South Korean won deteriorated local corporate dollar funding conditions with the cost of insuring the country’s sovereign debt ag...
Sep 26, 2022 (Gmt+09:00)
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Foreign exchange
Korean won at fresh low since global financial crisis as markets crash
The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...
Sep 26, 2022 (Gmt+09:00)
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Korean stock market
Korea's Kospi plunges to year's record low close on foreign selling
South Korea’s main bourse Kospi dropped 1.81% to finish at 2,290.00 on Sept. 23, hitting a new low closing for the year amid growing woes over...
Sep 25, 2022 (Gmt+09:00)
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Foreign exchange
Korea FX authorities, NPS agree on currency swap; won flat
South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first ...
Sep 23, 2022 (Gmt+09:00)
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Markets
Gaonchips rally on market talk of Samsung's investment in ARM
Shares in South Korea’s semiconductor chip design house Gaonchips Co. extended their rally for a second day on Friday on growing market talk t...
Sep 23, 2022 (Gmt+09:00)
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Central bank
BOK chief signals another big step as Fed hike haunts won
South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...
Sep 22, 2022 (Gmt+09:00)
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Economy
ADB cuts Korea’s 2023 growth outlook as trade in deficit for sixth month
The Asian Development Bank (ADB) has slashed its 2023 growth outlook for the South Korean economy, citing daunting global risks, as the country is h...
Sep 21, 2022 (Gmt+09:00)
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Markets
S.Korea cuts US Treasury holding by $18.9 bn in Jan-July
South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...
Sep 19, 2022 (Gmt+09:00)
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Foreign exchange
Korean won rebounds on estimated $2 bn intervention
The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...
Sep 16, 2022 (Gmt+09:00)
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Economy
S.Korea's manufacturing sector posts biggest job growth in Aug
South Korea’s manufacturing industry accelerated its job growth in August to post its biggest monthly increase in almost a decade, driven by r...
Sep 16, 2022 (Gmt+09:00)
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Foreign exchange
S.Korea may have spent over $700 mn to support ailing won
South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...
Sep 15, 2022 (Gmt+09:00)
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Foreign exchange
Tumbling Korean won increases corporate debt burden
The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...
Sep 14, 2022 (Gmt+09:00)
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Korean stock market
EV materials maker EcoPro tops the buy list of Korean stocks
Shares in EcoPro BM Co., a cathode material maker used in electric vehicle batteries, topped the list of South Korean stocks, for which an increased...
Sep 14, 2022 (Gmt+09:00)
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Economy
S.Korea in for longest monthly trade deficit spell in 25 yrs
South Korea is poised to report a trade deficit for a sixth straight month in September, which would mark its longest period of trade shortfalls in ...
Sep 14, 2022 (Gmt+09:00)
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Korean stock market
Samsung family’s shareholdings shrink by $8 bn in one year
Samsung Group’s four heirs to the late Chairman Lee Kun-hee have seen their group company shareholdings shrink by a combined 11 trillion won (...
Sep 13, 2022 (Gmt+09:00)
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Foreign exchange
Hedge funds’ speculative trade blamed for won’s drop: Dealers
Global hedge funds’ bet on further weakness in the won is blamed for the accelerated decline in the South Korean currency value against the do...
Sep 13, 2022 (Gmt+09:00)
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Regulations
S.Korea plans to adopt mandatory pre-disclosure of major insider trading
Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...
Sep 12, 2022 (Gmt+09:00)
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