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Sat, September 19, 2020 | 10:05

Gyeonggi Province puts brake on Tous les Jours deal

Gyeonggi Province puts brake on Tous les Jours deal

Affirma Capital and JKL Partners are facing bigger difficulties in their bids to buy Tous les Jours from CJ Foodville after the Gyeonggi Provincial Government began supporting the bakery chain's franchisees who oppose the sale.

Park Jae-hyuk | 2020-09-18 17:45

Global stocks retreat on lack of new Fed action

Global stocks retreat on lack of new Fed action

Global stocks and U.S. futures sank Thursday after the Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans.

2020-09-17 21:08

SK Holdings hits jackpot with ESR investment

SK Holdings hits jackpot with ESR investment

SK Holdings said Thursday it had sold a 4.6 percent stake in Hong Kong-based asset management company ESR for 22.5 Hong Kong dollars ($2.90) per share in a block deal to unidentified funds.

Park Jae-hyuk | 2020-09-17 16:04

Investors urged to be wary of 'public subscription craze'

Investors urged to be wary of 'public subscription craze'

Retail investors need to remain wary of jumping on the nationwide craze for the public subscription of shares, as such a seemingly “get-rich-quick” approach is of little use in generating stable revenue over the longer term. It is true that no expert can guarantee whether a certain type of investment is right or wrong. Movements on the stock markets show this, so newcomers ar...

Lee Min-hyung | 2020-09-17 10:16

Securities firms stop providing loans

Securities firms stop providing loans

Amid the current record-low interest rate environment, the idea of investing in stocks with borrowed money is becoming more and more prevalent in Korea, especially among the younger generation. A multitude of retail investors with a small amount of capital have turned to borrowing money from securities firms to make investments in the stock market, which are believed to retur...

Anna J. Park | 2020-09-16 17:44

Investors eye Kakao Bank amid IPO frenzy

Investors eye Kakao Bank amid IPO frenzy

Following a successful initial public offering (IPO) of Kakao Games last week, the nation's top mobile messenger Kakao's financial affiliate Kakao Bank is on its way to going public sometime early next year.

Anna J. Park | 2020-09-15 17:07

Insurers rush to launch data-driven business

Insurers rush to launch data-driven business

Life insurers are scrambling to launch data-driven healthcare products to win licenses for the MyData business at the earliest possible date and enjoy a “first-mover advantage” in the promising business segment, industry officials said Monday.

Lee Min-hyung | 2020-09-14 17:21

JPMorgan may face penalty over 'unfair practices'

JPMorgan may face penalty over 'unfair practices'

After a huge controversy blew up over the “real hidden intention” behind JPMorgan's recent report on major Korean biopharmaceutical firm Celltrion, the local financial authorities might be pressuring the U.S.-based investment bank to correct its alleged “unfair business practices” statement, sources said Monday.

Anna J. Park | 2020-09-14 17:20

BC Card chief tasked with finding new growth engines

BC Card chief tasked with finding new growth engines

BC Card President Lee Dong-myun is tasked with finding the next growth engines for the firm amid its weak earnings and growing uncertainties in the local credit card industry.

Lee Min-hyung | 2020-09-13 19:04

KOSPI logs 2nd-highest bullish move in COVID-19 period

KOSPI logs 2nd-highest bullish move in COVID-19 period

Since the global stock markets crashed back in mid-March amid concerns over the spread of COVID-19, the nation's benchmark KOSPI logged an upward increase of about 64 percent, the second-highest bullish move among G20 countries in the period.

Anna J. Park | 2020-09-13 17:20

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