Financial system weak links stress-tested for dollar flood

Brokerage and insurer dollar deposits are being monitored with extra vigilance as the multi-trillion-dollar economic stimulus packages planned by the Joe Biden administration threaten to flood foreign exchange markets.

2021-01-20

Stocks tumble, ending 5-session winning streak

Stocks tumbled by more than 1.6 percent on Tuesday, putting an end to a five-session winning streak on renewed concerns about the coronavirus. The Korean won fell against the U.S. dollar for the first time in six trading days.

2020-12-08

Companies fear uncertainty and weak greenback

The depreciation of the U.S. dollar is raising red flags at companies that export.

2020-12-07

Kospi breaks another record as buying spree continues

Korea’s main bourse hit another new high on Friday, going above the 2,700 level for the first time in history as foreign investors continued their buying spree, mainly in the semiconductor and internet sectors.

2020-12-04

Record breaking

The closing figure for the Kospi is displayed in a dealing room at Hana Bank in Jung District, central Seoul, on Tuesday. Seoul’s main bourse closing at 2,63.25 after gaining 42.91 points, or up 1.66 percent from Monday.

2020-12-01

Dollar deposits jump as punters bet on currency's rebound

As the dollar drops rapidly on aggressive economic support measures in the United States, speculators are buying up the U.S. currency on hopes of a rebound.

2020-11-23

The Biden effect

An employee stands in front of screens Monday at a dealing room in Hana Bank, Jung District, in central Seoul.

2020-11-09

Seoul stocks up for second session despite Covid-19 spike

Stocks gained Monday for a second consecutive session as investors continued to look for deals despite the resurgence of coronavirus cases nationwide. The won fell against the dollar.

2020-08-24

All about the Benjamins

According to data from the Bank of Korea, foreign exchange reserves came to $416.53 billion as of the end of July, up $5.8 billion from a month earlier.

2020-08-05

Seoul stocks rally after extra budget is passed

Stocks rallied Monday on hopes of economic recovery led by the government's extra budget and possible robust earnings from tech companies. The won rose against the dollar.

2020-07-06

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