Korea's main bourse operator said Thursday it is set to review a bio firm, whose stocks rallied recently amid hype over its weight-loss drugs and oral insulin, to determine whether the firm violated disclosure regulations.
K-pop’s four major agencies are in the process of establishing a joint venture aimed at launching a large-scale concert project comparable to Coachella, tentatively dubbed “Fanomenon.”
Korea's foreign exchange market will stabilize once tensions in the Middle East are resolved, Finance Minister Koo Yun-cheol said.
The Kospi lost 94.33 points, or 1.61 percent, to 5,778.01 as investors digested different claims by Washington and Tehran on the terms of their two-week cease-fire.
Officials from major global investment banks and local lenders said Tuesday that volatility in the Korean foreign exchange market is expected to ease when tensions in the Middle East subside.
Seoul shares opened higher on Tuesday, led by gains in technology shares after Samsung Electronics reported record earnings in the first quarter of this year.
Korea’s foreign exchange reserves fell out of the world’s top 10 for the first time since 2000, as authorities tapped reserves to defend the won amid a prolonged period of dollar strength.
The Korea Exchange, Korea's main bourse operator, said Thursday it plans to host an international conference on corporate governance jointly with a global nonprofit organization in Seoul this month.
The Korean won weakened against the dollar on Thursday, following a sharp gain in the previous session, ahead of U.S. President Donald Trump's scheduled message on the ongoing Iran war.
The Korean won strengthened against the U.S. dollar on Wednesday, rebounding from a steep decline in the previous session, after U.S. President Donald Trump signaled a potential end to the monthlong Iran War.
Korea JoongAng Daily Sitemap
