Tag: won
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Always-on won: dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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Hanwha to raise stake in Korea Aerospace Industries to 12% by end-2026
(Corrects headline to Hanwha, not Hanwha Aerospace)SEOUL, June 16 : South Korean defence firm Hanwha Aerospace said on Tuesday it will buy 500 billion won ($331.41 million) worth of shares in Korea Aerospace Industries (KAI). This was in addition to Hanwha Aerospace deciding to acquire 499.9 billion w
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New York Knicks win first NBA championship in 53 years
Series MVP Jalen Brunson has led the New York Knicks to another comeback victory over the San Antonio Spurs. The win secured the franchise’s third NBA championship, and its first since 1973.
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Retail investors hit borrowing limits at South Korean brokerages, think tank says
SEOUL, June 10 : Leveraged stock investments by South Korean retail investors have reached their limits set at local brokerage firms as the country’s world-beating stock market rally stretches borrowing capacity, a think tank said on Wednesday. “There are caps at each brokerage firm, which are being strictly
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South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says
SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX’s IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday.The estimated $1.5 billion in orders for dollar purchases has reached its
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Kosovo PM wins snap vote, but with no majority
Sunday’s vote, the country’s third in just over a year, was marked by low turnout. The country’s prolonged political crisis has further debilitated an already ailing economy.
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