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Finance

Markets

Sun, September 15, 2019 | 15:41

Mirae Asset to acquire 15 US hotels for $5.5 bil.

Mirae Asset Global Investments has concluded a deal with China's Anbang Insurance Group to acquire 15 luxury hotels in the U.S., in a package deal worth about 6.7 trillion won ($5.53 billion), the asset management firm said Wednesday.

Jhoo Dong-chan | 2019-09-11 15:17

Will KOSPI remain above 2,000 points?

The benchmark KOSPI is displaying steady gains since it recovered the 2,000-point mark last week thanks to a series of favorable overseas news stories.

Jhoo Dong-chan | 2019-09-11 14:21

Tax agency inspects Korea Investment and Securities

The National Tax Service (NTS) is conducting an audit into Korea Investment & Securities after an employee became entangled in a private equity fund (PEF) scandal involving new Justice Minister Cho Kuk and his wife, according to industry sources and the tax agency, Tuesday.

Lee Kyung-min | 2019-09-10 19:52

Four vying to buy ailing Asiana Airlines

Four parties are expected to compete to take over the debt-ridden Asiana Airlines after being shortlisted as candidates, according to thefinancial authorities and industry sources, Tuesday.

Jhoo Dong-chan | 2019-09-10 17:14

Does Dr. Copper's turnaround signal economic upturn?

A slight rebound of the international copper price recently from a multi-year low does not necessarily hint that the global economy has begun bottoming out, according to domestic analysts and economists, Monday.

Park Jae-hyuk | 2019-09-09 15:40

Brokerages to reduce new hires amid stagnant stock market

Jobseekers will have to undergo a cutthroat competition to enter securities companies in the latter half of 2019 as most firms plan to reduce the number of new employees due to weaker-than-expected performances amid a stagnant stock market, industry officials said Sunday.

Lee Kyung-min | 2019-09-08 17:04

More office buildings up for sale amid downturn

gettyimagesbankBy Jhoo Dong-chanAn increasing number of landmark office buildings in downtown Seoul have been up for sale amid an economic slowdown. Not only offices but also local shopping malls and hotels are now on offer, but they are experiencing difficulties in finding buyers due to growing concerns over the future of the nation's economy.Industry insiders said domestic ...

Jhoo Dong-chan | 2019-09-08 16:07

Concerns grow over shrinking PEF market

Concerns have grown over Korea's private equity fund (PEF) industry, as the market is showing signs of contraction due to controversies involving the collective investment scheme used for limited partners, according to industry officials, Thursday.

Park Jae-hyuk | 2019-09-06 17:12

REITs emerge as centerpiece of Korea's investment market

Domestic real estate investment trusts (REITs) are eyeing an initial public offering (IPO) in the nation's stock market, reflecting investors' mounting interest in the market amid the low interest rate trend.

Jhoo Dong-chan | 2019-09-06 16:55

Central banks flock to gold amid uncertainty

Central banks from emerging market economies are increasing their gold reserves due to heightened uncertainty surrounding the U.S. dollar amid a fragile macroeconomic outlook.

Lee Kyung-min | 2019-09-05 17:08

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