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Thu, February 25, 2021 | 02:23

Seoul stocks dip more than 2 % to nearly 1-month low on foreign selling binge

Seoul stocks dip more than 2 % to nearly 1-month low on foreign selling binge

South Korean stocks tumbled by more than two percent to dip below the 3,000-point threshold Wednesday on massive foreign selling, largely due to concerns over a U.S. bond yield hike that drove the key stock index down for the past few sessions.

2021-02-24 19:12

KTB eyes expansion via IPO

KTB eyes expansion via IPO

KTB Investment & Securities' venture capital subsidiary, KTB Network, plans to proceed with its initial public offering (IPO) on the tech-heavy KOSDAQ within this year.

Anna J. Park | 2021-02-24 15:44

SK Bioscience aims to be dominant player in global vaccine industry

SK Bioscience aims to be dominant player in global vaccine industry

Ahead of its upcoming IPO next month, SK Bioscience, a subsidiary of SK Chemicals focusing on developing and manufacturing vaccines, vows to grow into a major vaccine player in the global market.

Anna J. Park | 2021-02-23 16:38

Tesla chief's bitcoin purchases affecting price: Bank of Korea

Tesla chief's bitcoin purchases affecting price: Bank of Korea

Bank of Korea (BOK) Governor Lee Ju-yeol said Tuesday that Tesla CEO Elon Musk's recent mass purchases of bitcoins caused the price of the best-known cryptocurrency to rise steeply.

Kim Yoo-chul | 2021-02-23 16:22

Mirae Asset shares to bounce back on partnership with Naver

Mirae Asset shares to bounce back on partnership with Naver

The stock price of Mirae Asset Daewoo is expected to bounce back on news of its partnership with Naver amid an optimistic outlook for their collaboration in digital finance, a report by Kyobo Securities said Tuesday.

Lee Min-hyung | 2021-02-23 11:44

Gov't guards against market volatility

Gov't guards against market volatility

South Korea will focus on strengthening financial stability as stock market volatility has increased amid rising bond yields and concerns about inflation, the vice finance minister said Tuesday. First Vice Finance Minister Kim Yong-beom said authorities will work to prevent ample liquidity that was created in the process of tackling the pandemic from hurting financial stabili...

2021-02-23 10:33

Is penny stocks' surge an apparent signal for bubble?

Is penny stocks' surge an apparent signal for bubble?

Is penny stocks' surge an apparent signal for bubble?

Based on ample liquidity in the global market, some penny stocks - stocks that are traded at very low prices - have shown double-digit or triple-digit growth during the past few months or weeks. Cannabis stock Sundial Growers has spiked as high as $3.96 per share from $0.25 just three months ago. The price fell back to $1.53 Friday, yet it's still sitting at 600 percent growt...

Anna J. Park | 2021-02-23 09:13

Gov't guards against market volatility

Hanwha Life chief to extend term

Hanwha Life chief to extend term

Hanwha Life Insurance CEO Yeo Seung-joo is expected to be given another two-year term in recognition of his performance in helping the insurer achieve solid earnings.

Lee Min-hyung | 2021-02-22 17:25

NeoImmuneTech's upcoming IPO at KOSDAQ

NeoImmuneTech's upcoming IPO at KOSDAQ

U.S.-based biopharmaceutical company NeoImmuneTech's CEO Yang Se-hwan speaks during the firm's IPO press conference held at the Conrad Seoul on Yeouido in the capital, Monday. Founded in 2014, the T-cell-focused company is dedicated to the discovery of novel immune-therapeutics in cooperation with major global pharmaceutical companies. The firm's stock allotment subscription ...

Anna J. Park | 2021-02-22 16:53

Will BlackRock divest from Kakao over ESG issues?

Will BlackRock divest from Kakao over ESG issues?

BlackRock appears to be falling into a dilemma over its strategy to prioritize environmental, social and corporate governance (ESG) criteria, after Kakao sparked severe public criticism for an alleged workplace bullying incident, just a few days after the IT firm attracted an additional investment from the world's largest asset management company.

Park Jae-hyuk | 2021-02-22 16:26

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