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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

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Markets

Tue, March 28, 2023 | 07:43

Seoul shares end lower amid recession worries

Seoul shares end lower amid recession worries

Seoul shares ended lower Monday as signs of trouble at the major European lender Deutsche Bank renewed concerns over the health of the global financial system. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 5.74 points, or 0.24 percent, to close at 2,409.22. Trading volume was moderate at 465.77 million shares worth 8.4...

2023-03-27 20:54

Local bank stocks hit by shockwaves from SVB, CS collapses

Local bank stocks hit by shockwaves from SVB, CS collapses

Korea's bank stocks are being hit by repercussions from the sequential collapse of overseas financial institutions, with foreign investors dumping major financial shares here en masse this month. Major financial stocks such as Shinhan Financial Group and Hana Financial Group suffered double-digit losses between March 2 and 24, according to data from the Korea Exchange. The KR...

Lee Min-hyung | 2023-03-27 16:14

Kakao seeks to bolster SM's global presence as new owner

Kakao seeks to bolster SM's global presence as new owner

Kakao has successfully acquired its target of a 35 percent stake in SM Entertainment through its tender offer, which was launched on March 7, becoming the largest shareholder of the global K-pop powerhouse.

Anna J. Park | 2023-03-26 16:52

Nonbanking firms' real estate financing risks loom large amid sluggish housing market

Nonbanking firms' real estate financing risks loom large amid sluggish housing market

The loan exposure of nonbanking financial companies to real estate project financing (PF) has spiked to an alarming level in recent years, posing potential credit risks amid a decline in the housing market, industry data showed Sunday.

2023-03-26 11:39

More companies adopt electronic voting amid increase in shareholder activism

More companies adopt electronic voting amid increase in shareholder activism

As shareholder activism becomes the hottest talking point in shareholder meetings, a record-high number of companies are expected to introduce electronic voting systems this year. According to the Korea Securities Depository (KSD), which provides the electronic voting system known as K-VOTE, the number of firms that are using K-VOTE in their shareholders' meetings so far this...

Yoon Ja-young | 2023-03-24 08:52

M&A continues to thrive as companies pressured to sell assets: Samil PwC report

M&A continues to thrive as companies pressured to sell assets: Samil PwC report

The global M&A market is forecast to boom, despite economic recessions and soaring inflation, as companies come under pressure to sell parts of their businesses and cut debt, according to a recent Samil PwC's global M&A trend report.

Anna J. Park | 2023-03-23 16:43

Investment banks compete for HMM sale advisory roles

Investment banks compete for HMM sale advisory roles

Major investment banks, accounting firms and law firms are competing to win advisory roles for an upcoming sale deal of HMM, a global shipping logistics company of which the controlling stake is currently held by Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC).

Anna J. Park | 2023-03-22 16:12

Korean pension fund hit by overseas banking crisis

Korean pension fund hit by overseas banking crisis

The National Pension Service (NPS) has been hit hard by the global banking crisis, as the state-run pension fund holds stocks and bonds worth hundreds of billions of won in ill-fated overseas financial institutions, which are teetering on the brink of collapse.

Lee Min-hyung | 2023-03-22 15:35

[CONTRIBUTION] Activist funds gain influence, power

CONTRIBUTIONActivist funds gain influence, power

Recently, Kakao Entertainment and HYBE engaged in a fierce money game to acquire SM Entertainment (SM), the leading entertainment company in Korea, after which Kakao has emerged victorious.

2023-03-21 17:02

LVMH allegedly joins takeover bid to acquire Missha

LVMH allegedly joins takeover bid to acquire Missha

LVMH Group, the world's largest luxury group, which operates the global beauty store Sephora, has joined a preliminary takeover bid to acquire a controlling stake of Able C&C, the operator of cosmetics brand Missha, according to media reports and sources.

Anna J. Park | 2023-03-21 16:42

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