stock rating
Scope
Date
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Steel
POSCO Holdings posts operating profit of $790 million in Q1
South Korea's POSCO Holdings Inc. has returned to the level of 1 trillion won ($790.5 million) in quarterly operating profit after a year and sales ...
Jul 19, 2023 (Gmt+09:00)
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Debt financing
Korea Investment 1st Korean broker to sell samurai bonds
Korea Investment & Securities Co. on Friday became the first South Korean brokerage company to sell samurai bonds, raising 20 billion yen ($145 ...
Jul 14, 2023 (Gmt+09:00)
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Sovereign wealth funds
KIC up 8.3% in net value of stocks, debts in H1 2023
Korea Investment Corporation (KIC) saw the net value of its traditional assets rise 8.25% in the first half of this year, backed by the strong perfo...
Jul 14, 2023 (Gmt+09:00)
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Central bank
BOK keeps door open for another rate hike on Fed, debts
South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for...
Jul 13, 2023 (Gmt+09:00)
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Korean stock market
Korea's IPO market heats up with higher price cap for new stocks
South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than su...
Jul 13, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong's Nabota exceeds 600,000 customers in US
South Korea's Daewoong Pharmaceutical said on Thursday that its local loyalty program for Nabota (American name: Jeuveau) in the US, a botulinum tox...
Jul 13, 2023 (Gmt+09:00)
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Economy
S&P expects BOK to cut rate by 100 bps in 2024 for growth
South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing fur...
Jul 12, 2023 (Gmt+09:00)
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Batteries
EcoPro’s Q2 earnings lag estimates; share plunges
South Korean battery materials maker EcoPro Co. has logged second-quarter earnings below consensus estimates. Its share price, which has soared more...
Jul 12, 2023 (Gmt+09:00)
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Korean stock market
Speculative bets heat up on to-be-delisted preferred stocks
Preferred stocks of five South Korean companies, including Samsung Heavy Industries Co. and SK Networks Co., have been on a roller coaster ahead of ...
Jul 12, 2023 (Gmt+09:00)
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Korean stock market
Retail investors test EcoPro’s upside as Korea’s GameStop
Shares of EcoPro Co., a South Korean battery materials maker, have skyrocketed this year, rising 848% year to date to break above the 1 million won ...
Jul 11, 2023 (Gmt+09:00)
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Pension funds
Korea’s NPS bets on more local semiconductor stocks in Q2
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund with 975.6 trillion won ($754.2 billion) in assets under...
Jul 11, 2023 (Gmt+09:00)
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Earnings
LG Elec Q2 profit misses forecast on costs; stocks tumble
LG Electronics Inc., the world’s leading home appliance maker, missed quarterly profit projections due to one-time costs related to job cuts, ...
Jul 07, 2023 (Gmt+09:00)
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Pension funds
NPS buys more Hyosung Heavy Industries, LS Electric shares in Q2
National Pension Service (NPS) of South Korea increased investments in local machinery, shipbuilding and semiconductor stocks in the second quarter ...
Jul 05, 2023 (Gmt+09:00)
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Fintech
SK C&C to release Kospi-focused AI investment strategy service
SK C&C, an information and communications technology affiliate of South Korea’s SK Group, will create an artificial intelligence (AI) inve...
Jul 04, 2023 (Gmt+09:00)
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Economy
Korea inflation at 21-month low; BOK may end rate hikes
South Korea’s headline inflation dropped for a fifth straight month to a 21-month low, adding to expectations that the central bank might not ...
Jul 04, 2023 (Gmt+09:00)
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Korean stock market
Korean ETFs’ net asset value doubles in 3.5 years
South Korea’s exchange-traded funds (ETFs) surpassed 100 trillion won ($75.7 billion) in net asset value for the first time on Thursday, 21 ye...
Jun 30, 2023 (Gmt+09:00)
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Pension funds
NPS taps Macquarie, IMM, Hahn & Co. as private equity managers
The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, said on Friday it has hired Macquarie Asset Managem...
Jun 30, 2023 (Gmt+09:00)
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Pension funds
NPS logs 8.6% return on investment as of end-April 2023
South Korea’s National Pension Service (NPS) has logged an 8.63% profit in fund management in January-April this year thanks to strong equity ...
Jun 29, 2023 (Gmt+09:00)
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Automobiles
EVs lack luster in S.Korea’s secondhand car market
Electric vehicles suffered sharper price falls in South Korea’s secondhand car market this year, compared with combustion engine and hybrid ca...
Jun 28, 2023 (Gmt+09:00)
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Retail
7-Eleven’s operator Korea Seven hit by rating cut
The credit rating of Korea Seven Co., which runs the South Korean operations of the convenience store chain 7-Eleven, was downgraded to its lowest l...
Jun 27, 2023 (Gmt+09:00)
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Regulations
3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%
South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...
Jun 22, 2023 (Gmt+09:00)
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Rights offerings
CJ CGV seeks more fund from parent, stocks at 15-yr low
Shares of CJ CGV Co., South Korea’s top multiplex cinema chain, hit the lowest level since the 2008-09 global financial crisis on Wednesday as...
Jun 21, 2023 (Gmt+09:00)
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Corporate bonds
Lotte affiliates’ credit ratings downgraded all at once
The ratings of Lotte's subsidiaries have been downgraded en masse. Lotte Chemical Corp., the group's cash cow, was cut to AA from AA+.NICE Investors...
Jun 20, 2023 (Gmt+09:00)
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Perspectives
China’s hasty rate cut signals trouble ahead for Asia’s 2023
Add officials at the People’s Bank of China to the list of those disappointed by China’s post-COVID-19 reopening boom. On June 13, PB...
Jun 15, 2023 (Gmt+09:00)
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Markets
Japanese yen near 8-year low against S.Korean won
The Japanese yen is nearing its lowest level in eight years against the South Korean won, with their exchange rate hovering around the 9.00 level.It...
Jun 14, 2023 (Gmt+09:00)
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Korean stock market
Goldman Sachs slashes Korean cathode stock targets; market ignores
Goldman Sachs Group Inc. has slashed the target prices of South Korean top cathode stocks, namely EcoPro BM Co. and POSCO Future M Co., by nearly ha...
Jun 13, 2023 (Gmt+09:00)
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Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...
Jun 13, 2023 (Gmt+09:00)
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Korean stock market
S.Korea not ready for developed market status: MSCI
MSCI Inc. regards the South Korean stock market as not ready for its developed market status despite a series of reforms, dampening the country&rsqu...
Jun 09, 2023 (Gmt+09:00)
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Chemical Industry
Hyosung Chemical’s credit rating downgraded one notch
Korea Investors Service downgraded the unsecured bond credit rating of Hyosung Chemical on Thursday from A to A-, saying that its profit-generating ...
Jun 08, 2023 (Gmt+09:00)
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Economy
Korea inflation at 19-mth low; casts doubts over rate hike
South Korea’s headline inflation fell for a fourth straight month in May to a 19-month low amid continuous signs of a slowdown in Asia’s...
Jun 02, 2023 (Gmt+09:00)