South Korean shares opened higher Friday, tracking overnight gains on Wall Street helped by a US tech rebound.  The benchmark Korea Composite Stock Price Index (KOSPI) rose 12.68 points, or 0.56 percent, to 2,285.38 in the first 15 minutes of trading. The index got off to a strong start after a 2.59 percent plunge the previous session. Stocks lifted despite uncertainties from the US presidential election in November, thanks to a rebound in tech heavyweights, such as Apple and Microsoft

Shin & Kim LLC, South Korea’s fifth-largest law firm by number of lawyers, said Thursday that it has enhanced its international tax practice by hiring four leading experts. Sunny Kim, a senior foreign attorney and expert in international tax and cross-border mergers and acquisitions, was named head of the international tax practice, the company said in a release. Kim frequently serves as a consulting expert for the Korean government on issues such as consolidated tax regime, partn

Kasa Korea, a property technology startup, said Thursday it has raised some 9.2 billion won ($7.8 million) in a series B funding round. The latest funding was led by the state-run Korea Development Bank. Silicon Valley venture capitals and domestic investment firms, including Northern Light Venture Capital, and Kona I Partners, participated in the fundraising round as financial investors and interior firm Kukbo Design was involved as a strategic partner. The proptech startup has so far attra

South Korean shares plunged to a more than one-month low on Thursday, as investors turned risk-averse following overnight Wall Street decline over withering hopes of a quick economic recovery. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 60.54 points, or 2.59 percent, to close at 2,272.7. Trading volume was moderate at about 706 million shares worth some 12.3 trillion won ($10.5 billion), with losers outnumbering gainers 831 to 68. Fo

South Korea’s leading internet-only bank, Kakao Bank, made its market debut plans official as it decided to apply for auditor designation and select an underwriter by the end of this year, the company said Thursday. But the company has not yet decided when or where to list its shares -- on the main bourse, Kospi, or the tech-heavy Kosdaq -- or on the size of the offering. The company is expected to become the first online-only bank to be listed in the local stock market, and the second

Big Hit Entertainment, the management agency for K-pop super group BTS, was to start demand forecasting for domestic and overseas institutions Thursday in the runup to its initial public offering (IPO). Big Hit Entertainment will determine the initial offering price following the two-day forecasting session as one of the largest talent agencies is slated to debut on the country's main stock market next month. General subscription for its shares is scheduled for Oct. 5 and 6 amid keen interest

South Korean shares opened sharply lower Thursday, taking a cue from a plunge in tech stocks on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) fell 33.58 points, or 1.44 percent, to 2,299.66 in the first 15 minutes of trading. Investor sentiment worsened as key US stock indexes tumbled, with tech shares leading the market slump. The tech-laden Nasdaq Composite plummeted 3.02 percent to 10,632.99 on Wednesday (New York time). The Dow Jones Industrial Average dropped 1.

South Korean shares snapped a two-day losing streak to inch higher Wednesday on the back of retail investors' massive bargain-hunting. The Korean won rose against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) rose 0.65 point, or 0.03 percent, to close at 2,333.24. In the previous session, the index fell 2.38 percent. Trading volume was moderate at about 725 million shares worth some 13.4 trillion won ($11.5 billion), with losers outnumbering gaine

Stocks of electric vehicle parts trading on local markets fall after EV maker’s not-so-surprising annual event

South Korean shares opened slightly higher Wednesday, tracking an overnight rebound on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.41 points, or 0.23 percent, to 2,338.0 in the first 15 minutes of trading. The index got off to a strong start after a 2.38 percent plunge the previous session. Tech shares advanced, taking a cue from an upturn in US tech heavyweights. The tech-laden Nasdaq composite rose 1.71 percent to 10,963.64 on Tuesday (New York time). The

South Korean stocks dipped more than 2 percent on Tuesday, as investor sentiment worsened over dimming hopes for recovery from the coronavirus pandemic in major economies. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 56.8 points, or 2.38 percent, to close at 2,332.59. Trading volume was high at about 1 billion shares worth some 17.5 trillion won ($15 billion), with losers outnumbering gainers 816 to 80. The KOSPI plunged after losi

South Korea’s leading card issuer, Shinhan Card, is ratcheting up its efforts to tap into global markets. As part of its recent global expansion scheme, it has joined hands with global credit card giant Visa to offer joint consulting services based on data analysis. The two firms plan to deploy their data analysis capacities to provide consulting services for local and global governments and companies. The partners will also try to develop solutions to monitor global payment and consump

The chief of South Korea’s financial watchdog on Tuesday urged private financial firms to disclose corporate environmental information, as part of a move to mitigate the detrimental effects of climate change on financial circles.  “Global consensus has arisen over the so-called ‘green finance’ and ‘sustainable financial services’ following a series of environmental improvement agreements,” Yoon Suk-heun, governor of the Financial Supervisory

South Korean stocks opened lower Tuesday, taking a cue from overnight losses on Wall Street over the new coronavirus concerns. The benchmark Korea Composite Stock Price Index fell 15.13 points, or 0.63 percent, to 2,374.26 in the first 15 minutes of trading. Investor sentiment worsened after US Federal Reserve Chairman Jerome Powell said a full recovery from the pandemic will take a considerably long time.  In a related move, former Food and Drug Administration Commissioner Scott Gottl

Shares of Hanwha Solutions plunged Monday immediately after electric vehicle developer Nikola announced a leadership shakeup, as it faces a heap of fraud allegations and an upcoming probe. Hanwha Solutions common shares retreated 7.4 percent Monday, while its preferred stocks dipped 10 percent. Hanwha Solutions, a Seoul-based petrochemical arm of the Hanwha conglomerate, indirectly controls a minority stake in Nikola. Nikola fetched a combined $100 million of funding evenly from Hanwha Ene