Most Popular
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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Seoul blanketed by heaviest Nov. snow, with more expected
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NewJeans to terminate contract with Ador
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Seoul snowfall now third heaviest on record
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Samsung shakes up management, commits to reviving chip business
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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How $70 funeral wreaths became symbol of protest in S. Korea
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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NewJeans terminates contract with Ador, embarks on new journey
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Treasuries’ yield record low over Fed’s rate hike delay
[THE INVESTOR] The yield on Treasury bonds with maturity of five years or more fell to record lows on June 16 over the US Federal Reserve’s decision to freeze the key interest rate.Market data showed that the yield on five-year Treasury bonds came in at 1.383 percent, while that on 10-year bonds and 20-year bonds closed respectively were in the 1.5 percent and 1.6 percent range. The yield on all three types is the lowest on record. The Fed kept interest rates unchanged on June 15 in a widely exp
June 16, 2016
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DreamT Entertainment to delist from KONEX
[THE INVESTOR] DreamT Entertainment, home to a four-member K-pop girl group Girl’s Day, plans to voluntarily delist from KONEX, the country’s stock exchange for start-ups and SMEs, to join the secondary KOSDAQ on Nov. 18. Idol group Girl's Day.“As the company has started working on TV drama production, we expect additional revenue from our diversified business portfolio,” a Dreamt Entertainment official said. He blamed KONEX market’s low trading volume for the venue change, saying its corporate
June 16, 2016
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Samsung Electronics rebounds to snap 2-day losing streak
[THE INVESTOR] Samsung Electronics’ rebounded on June 15, breaking a two-day losing streak as the stock price due to upbeat analyst assessments about its second quarter earnings.“Thanks to the fall in raw material costs, operating profits of IT and mobile division are expected to reach 4 trillion won, beating existing estimations by 30.5 percent,” said Noh Keun-chang, analyst at HMC Investment & Securities. The brokerage house raised the Price target to 1.41 million won from 1.4 million won. The
June 16, 2016
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Seoul stocks tumble to near 1-month low
[THE INVESTOR] South Korean share prices tumbled to near one-month low on June 16 on the cautious tone of the US Federal Reserve on the global economy amid rising risks involving Britain’s exit from the European Union. The local currency closed at 1,171.4 won against the US dollar, up 1.9 won from the previous session’s close.The benchmark Korea Composite Stock Price Index lost 16.84 points, or 0.86 percent, to close at 1,951.99, booking a sixth straight losing session. Trade volume was at 432.9
June 16, 2016
