Tag: South Korea
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South Korea’s stock market just had one of its worst days ever. Why Morgan Stanley says it’s not breaking down
The Kospi index fell about 10% in Tuesday’s session, marking its worst session since March.
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Here’s why we decided to put money to work in Tuesday’s market pullback
The action on Wall Street looks far more constructive than it appeared at the crack of dawn.
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One factor may keep chip stocks on a roller coaster for foreseeable future
Tech is dragging global stock markets lower Tuesday, with the sell-off driven primarily by chipmakers. Leveraged ETFs could stoke the volatility.
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South Korea’s KOSPI tanks nearly 10% to lead tech-fuelled Asia rout
Samsung and SK Hynix shed more than 12 per cent each, triggering an automatic 20-minute bourse-wide trading halt in the afternoon.
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BigBang’s Daesung denies dating rumours with Kara’s Youngji
The rumours first spread online after the two celebrities were spotted sitting together at K-pop girl group Mamamoo’s recent concert in South Korea.
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North Korea’s Kim vows to accelerate military buildup: KCNA
Kim Jong Un cited efforts by Washington and Seoul to push forward with South Korea’s possession of a nuclear submarine as one justification for accelerating North Korea’s military buildup.
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South Korea market watchdog offers rare mea culpa over leveraged ETFs
SEOUL, June 22 : The head of South Korea’s market watchdog offered a rare mea culpa on Monday, saying it was too hasty in approving leveraged funds tied to some of the country’s best-known chip stocks.The comments from Lee Chan-jin, governor of the Financial Supervisory Service, are some of the starkest yet a
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South Korea watchdog regrets rushed launch of leveraged ETFs, considering measures
SEOUL, June 22 : South Korea is considering introducing stabilising measures as leveraged products tied to semiconductor stocks stoke volatility in the country’s stock market, the market watchdog said on Monday, adding these products were introduced too hastily. Lee Chan-jin, governor of the Financial Supervi
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South Korea ex-minister gets 25 years in jail for role in martial law attempt
Park Sung-jae had held a meeting of justice ministry officials in the early hours of the martial law and checked on prison capacity should the authorities arrest anti-government figures, prosecutors say.
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Massive bonuses for South Korea’s chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
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