The korea economic daily

Markets

South Korea’s inflation rate turns higher for first time in 3 months in July

South Korea's headline inflation edged up for the first time in three months in July amid signs of a recovery in consumer sentiment, but still remaine...

Forex

Why Korean won lacks luster, despite dollar’s weak trend

The South Korean won has been stuck in a range of 1,190-1,210 to the US dollar in the past two months, down 3% since the start of the year, despite th...

REIT

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

Hyundai Motor

Market view on Hyundai Motor takes a turn after Q2 earning surprise

The market's perception of Hyundai Motor Company has taken a turn, from considering the Korean automaker as a value stock to seeing it as a growth sto...

IPO of Korea’s first overseas property-backed REIT receives tepid response

The initial public offering of JR Global REIT, set to be South Korea’s first listed REIT backed by overseas property, was undersubscribed 0.23 t...

South Korea's exports

[Economy] Korea exports drop by 16.6% hitting the lowest in 56 years

South Korea's exports have plunged 16.6% during the second quarter, hitting the lowest record in 56 years since the fourth quarter of 1963 when it fel...

Markets

Bank of Korea keeps policy rate unchanged; no signal of further action

The Bank of Korea (BOK) left the benchmark rate unchanged at a record low of 0.5% as expected on July 16, citing the slowing economy and the overheate...

Market Watch

Korean household credit risk nears record-high

Korea's household credit risk hit the second-highest record for the upcoming third quarter, driven by impacts of the global pandemic which has reduced...

IPO

BTS’ label, SK Biopharm gearing up for billion-dollar IPOs in 2020

Big Hit Entertainment Co. Ltd., the label behind the K-pop boy band BTS and SK Biopharmaceuticals Co. Ltd. are moving ahead with their planned initial...

Debt

Foreign investors’ holding of South Korean bonds at record high of $115 bn

Foreign investors continued to buy South Korean bonds such as treasuries and monetary stabilization bonds for a fourth consecutive month in April, wit...

Markets

Equity-linked securities weigh on top Korean brokerage firms

About 48 trillion won ($39 billion) of outstanding equity-linked securities (ELS) issued by South Korean brokerage companies has put their sector lead...

Markets

NPS raises virus-induced threat level to grave; runs emergency team

The National Pension Service (NPS) takes the current financial market volatility caused by the COVID-19 outbreak as a grave threat and is operating it...

IPO

Two Europe-focused REITs seek $600 mn IPOs in Seoul

Two real estate investment trusts (REITs) backed by office buildings in Belgium and France are planning to raise a combined $600 million through initi...