Seoul markets reel as political crisis deepens
Seoul’s financial markets reflected the nation’s turbulent political climate on Wednesday, as shares sank for a second day amid the fallout from President Yoon Suk [more…]
Category: South Korea
SCB X betting big on fintech and tech startups
SCB X is no longer your typical bank stuck in the past. Nope, they’ve broken free from the chains of traditional banking and are all [more…]
Philippines’ bold rate cut spurs Asia’s central banks to reconsider
In a move that caught many by surprise, the Philippines’ central bank broke away from the pack, slashing its main policy rate last week. This [more…]
Seoul’s housing market surge sparks new financial fears
The South Korean housing market is heating up again, and the flames are particularly intense in the capital, Seoul. In July, home prices across the [more…]
Hyundai zooms past expectations with record earnings
Hyundai Motor has taken the automotive world by storm with its second-quarter earnings. The South Korean giant cruised past Wall Street’s expectations, leaving analysts scrambling [more…]
South Korea slaps record fines on Credit Suisse for short-selling violations
In a turn of events, South Korea’s financial watchdog has slammed the gavel down on two subsidiaries of the erstwhile Credit Suisse group for their [more…]
Hong Kong market falters as investor confidence wavers
In a turbulent session on Thursday, Hong Kong stocks couldn’t escape the regional equities sell-off, echoing the woes from rising US Treasury yields and persistent [more…]
South Korean stocks react to geopolitical tensions with a 2% drop
South Korean stocks faced a tumultuous day of trading as geopolitical tensions escalated in the Middle East. The benchmark Korea Composite Stock Price Index (KOSPI) [more…]
South Korean stocks surge as currency falters
In a curious turn of events, South Korean stocks soared to a 22-month high on Wednesday, echoing Wall Street’s overnight rally fueled by tech giants, [more…]
South Korea’s exports surge for fifth straight month, fueled by chip shipments
South Korea’s exports continued their upward trend in February, marking the fifth consecutive month of growth. The country’s outbound shipments totaled US$52.4 billion, a 4.8 [more…]
