KB News DeskAlleged prostitution ring in Chuncheon draws nearly 10,000 visits
Police have uncovered an alleged prostitution ring in Chuncheon, Gangwon Province, that is believed to have recorded nearly 10,000 customer visits over three years and generated more than 500 million…
Cosmax's US bet pays off in record quarter
South Korean cosmetics manufacturer Cosmax posted record revenue and profit this quarter, with its American business notching its first profit after achieving the steepest growth of any region. The company…
Stock rout shakes confidence, not Korea’s fundamentals
Seoul authorities tighten leveraged-ETF rules; Fitch sees limited spillover to broader economy South Korea’s stock-market turmoil has shaken investor confidence but has yet to spill into the broader economy or…
Korea becoming irreplaceable partner as its economy moves up a weight class
Benjamin Graham, widely regarded as the father of securities analysis, famously observed, “In the short run, the market is a voting machine, but in the long run, it is a…
Seoul shares end higher for 2nd day on chip gains
South Korean stocks ended higher for the second straight session on Tuesday as investors scooped up major chipmakers on bargain-hunting. The Korean won gained ground against the US dollar. The…
SK hynix weighs Solidigm IPO to fuel US expansion
Potential Nasdaq listing could unlock $15b in investment capacity with limited impact on SK hynix’s valuation SK hynix’s US NAND subsidiary Solidigm could be moving closer to a Nasdaq debut,…
ETF after-hours trading faces delay over pricing risks
Asset managers warn gaps in derivative pricing and liquidity mechanisms could distort market prices South Korea’s plan to introduce after-hours trading for exchange-traded funds could be delayed, as asset managers…
Korea’s battery trio braces for W1tr ESS price war
Samsung SDI defends cumulative lead as SK On’s lower-cost LFP strategy reshapes competition South Korea’s three largest battery makers are preparing to compete for about 1 trillion won ($706.8 million)…
Luxury, foreign shoppers drive Shinsegae to record first half
Shinsegae said Tuesday it posted its strongest-ever first-half earnings this year as investments in its department stores and efforts to streamline its affiliates improved profitability across major businesses. The retail…
July rate hike was no one-off, BOK deputy governor says
Ryoo Sang-dai backs further tightening as strong growth and persistent inflation outweigh market stabilization The Bank of Korea should keep raising interest rates after its first hike in more than…
