The KOSPI index closed higher on August 4 after experiencing volatility, including a brief dip during trading. In contrast, the KOSDAQ surged over 5%, driven by strong buying in the pharmaceutical and biotech sectors. The KOSDAQ market has seen a notable difference in momentum, with a buying sidecar activated for three consecutive trading days.According to the Korea Exchange, the KOSPI finished at 6,358.95, up 101.50 points (1.62%) from the previous trading day. The index opened at 6,351.38, up

Bloomberg has issued a strong warning, labeling South Korea's stock market as 'uninvestable.' The report highlights that government market interventions and the proliferation of single-stock leverage products have intensified volatility, undermining trust in the South Korean market, particularly among individual investors.In a column titled 'South Korea Is Becoming Uninvestable, Too,' Bloomberg columnist Shuli Ren noted on August 3 that the KOSPI index has dropped nearly 40% after 27 trading day

Winia, a major subsidiary of the Daeyu Winia Group, is facing a diminished chance of recovery. Located in Gwangju, Winia is a manufacturer of home appliances currently undergoing liquidation by using proceeds from asset sales to repay debts. Recently, a company interested in acquiring Winia has reportedly decided to withdraw from the deal. According to Yonhap News on August 4, the Gwangju Bankruptcy Court approved a liquidation recovery plan that allowed H Industry, a home appliance distribution

하반기 은행권의 기관영업 경쟁이 한층 치열해질 전망이다. 상반기 최대어로 꼽힌 서울시금고와 국민연금 외화금고 선정이 마무리된 가운데 인천시금고를 비롯한 수조원 규모의 입찰이 대기하고 있다. 전국 지방법원의 공탁금 보관은행도 새로 선정될 예정이어서 시금고와 연기금, 법원 자금을 둘러싼 은행권의 쟁탈전이 본격화하는 모습이다. 4일 인천시와 금융권에 따르면 인천시는 이달 중 시금고 입찰 공고를 낼 계획이다. 4년 전에는 7월 중순에 입찰 공고를 냈지만, 올해는 시금고 관련 조례 개정으로 일정이 다소 늦어졌다. 인천

Despite the government's stringent management of household loans, housing transactions in Seoul increased in the first half of this year compared to last year. The rise is attributed to demand supported by funds from stock and bond sales, as well as gifts and inheritances, referred to as 'non-loan funds.'According to the Korea Construction Policy Institute, as of May this year, the balance of mortgage loans from deposit-taking institutions and the Korea Housing Finance Corporation and Housing Ci

Samsung Card announced the launch of the 'Monimo Pay Card' on August 4, which offers payment discounts for users of Monimo Pay. Monimo Pay is a convenient payment service provided through the Monimo app, a unified financial app from Samsung. Recently, it introduced Magnetic Secure Transmission (MST) technology, allowing users to make payments at physical stores without a physical card, in addition to online transactions. Users who register their cards with Monimo Pay and utilize the convenient p

The implementation of the so-called '8-week rule,' which separately assesses the need for long-term treatment for minor injury victims of traffic accidents, has passed its final hurdle, raising expectations for improvements in auto insurance loss ratios. The insurance industry believes this is an opportunity to address high-cost treatment practices, such as the repeated billing of various traditional medicine treatments, known as 'set billing,' regardless of patient condition.On August 4, the go

The government's youth asset formation support policy, known as the 'Youth Future Savings,' is facing growing dissatisfaction among some participants after a late correction to the eligibility review results. Initially informed that they would receive a 12% government contribution (preferred type), many account holders received a text message stating that their contribution rate had been changed to 6% (general type) after opening their accounts.On August 4, various online communities were floode

국민의힘이 연일 중앙선거관리위원회의 선거 관리 부실 의혹을 제기하며 공세를 펼치고 있다. 지방선거뿐 아니라 21대 대선과 22대 총선에서도 선관위의 투표율 조작이 의심된다며 특검 수사범위에 포함시켜야 한다는 입장이다. 조만간 선관위 개혁 방안을 담은 자체 법안을 마련해 발표할 예정이다. 국민의힘은 4일 국회에서 6·3 국민참정권 침해 진상규명 및 선거관리 개혁 특별위원회(6·3특위) 회의를 열고 선관위 구조개혁 방안을 논의했다. 6·3특위 위원장인 박대출 의원은 이날 "선관위 투표자수 조작