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Seoul shares rebound from trough on bargain hunting

South Korean stocks closed slightly higher Thursday as investors hunted bargains following a recent market decline triggered by diminished hope for the US Federal Reserve's rate cut. The Korean won gained against the US dollar. The benchmark Korea Composite Stock Price Index climbed 4.14 points, or 0.17 percent, to 2,440.04. Trading volume was moderate at 555 million shares worth 8.12 trillion won ($6 billion), .

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Orion seeks new growth engine via majority stake in LegoChem Biosciences

On Monday, the confectionery and beverage company announced that it would invest 550 billion won ($414 million) to acquire a 25 percent stake in LegoChem. It will secure the stake by participating in LegoChem’s paid-in capital increase and acquiring shares from major shareholders. The payment is due on March 29.

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Regulator s hesitance over bitcoin ETFs triggers controversy

Despite the considerable anticipation among retail investors, it is unlikely that bitcoin exchange-traded funds (ETFs) will be available for purchase or brokerage in Korea for the foreseeable future.

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BOK kicks off 2024 by keeping interest rate steady

The Bank of Korea maintained the key rate at 3.5 percent for the eighth consecutive session at its first rate-setting meeting of the year on Thursday, confirming its unwavering will to combat inflation. The monetary policy board of the central bank decided to hold the rate through a unanimous vote, keeping the rate steady for nearly a year since February 2023. Though potential fallout from project financing loans in .

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Korean Government s Eased Capital Gains Tax on Stocks Fuels Surge in Secondary Battery Investments

Korean Government s Eased Capital Gains Tax on Stocks Fuels Surge in Secondary Battery Investments
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