The government’s forthcoming initiative to tackle the so-called Korea discount is prompting speculation that it may unintentionally encourage investors to dump their stocks in the secondary Kosdaq bourse, thereby causing it to fall sharply.
The Bank of Korea (BOK) is anticipated to leave the policy rate unchanged again in its upcoming rate-setting meeting scheduled for next Thursday, to counter colliding financial ris.
The fluctuating stock prices of firms in the secondary battery sector sent the local stock market on a rollercoaster ride over the last week. Battery materials stocks achieved gains on Friday afternoon after suffering losses in the morning, raising alarms for retail investors who belatedly joined in on a buying spree for EcoPro and Posco shares. Shares of EcoPro closed at 1.10 million won ($863.85) on Friday. It spik.
With the Korean government s economic policy for next year outlined in its official announcement on Wednesday, securities firms forecast that semiconductors, secondary battery, defense, nuclear power generation as well as the content sector will benefit from the policy direction. The 2023 economic policy direction announced jointly by the Ministry of Economy and Finance, along with related ministries, stressed that the government aims to turn Korea into one of the world s top five export powerhouses.
As South Korea enters a bitter presidential race, Hong Hee-jin is one of many young women who feel that the country’s politics have become dominated by discrimination against women, even outright misogyny.
“Women are being treated like they don’t even have voting rights,” the 27-year-old Seoul office worker said.
For years, South Korean women have made slow, but steady progress in the workplace as they confronted an entrenched culture of male chauvinism and harassment, but this extremely tight presidential race, which culminates on March 9, has exposed the fragility of what has been won.
Top conservative candidate Yoon Suk-yeol and his liberal rival