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LG Energy Solution Sets Record 114 tln Won in IPO Retail Bids

LG Energy Solution Sets Record 114 tln Won in IPO Retail Bids

SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) drew record high demand from retail investors in the public subscription for its red-hot initial public offering (IPO) next week, its underwriters said Wednesday. The company attracted 114.1 trillion won (US$95.8 billion) in deposits from some 4.4 million retail investors [...]

Hyundai Capital Launches Joint Venture to Provide Auto Finance in France

Hyundai Capital Launches Joint Venture to Provide Auto Finance in France

SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday it has launched a joint venture with CGI Finance, a subsidiary of France’s Societe Generale Group. Hyundai Capital France will provide auto finance, including lease, loan and insurance, for customers of Hyundai Motor Group — Hyundai Motor [...]

Seoul Stocks Likely to Begin Gradual Rebound Next Week: Analysts

Seoul Stocks Likely to Begin Gradual Rebound Next Week: Analysts

SEOUL, Jan. 15 (Korea Bizwire) — South Korean stocks are likely to start gradually picking up next week after the recent plunge from U.S. inflation woes, analysts said Saturday, expecting an increase in chip demand and liquidity in the stock market. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,921.92 points Friday, down [...]

Foreign Purchases of Korean Securities at 12-yr High in 2021

Foreign Purchases of Korean Securities at 12-yr High in 2021

SEOUL, Jan. 13 (Korea Bizwire) — Foreign investors’ net purchase of South Korean securities was the biggest in 12 years last year due largely to their buying spree of local bonds, central bank data showed Thursday. Foreigners bought a net US$38.71 billion worth of Korean securities last year, sharply up from $3.47 billion the previous [...]

Seoul Bourse to Provide Capital Market Info in English

Seoul Bourse to Provide Capital Market Info in English

SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s bourse operator said Sunday that it will launch a domestic capital market information portal in English this week to provide more information to foreign investors. The service, dubbed Market Data System, will be provided through the website starting Monday, the Korea Exchange (KRX) said. The KRX said [...]

Seoul Stocks May Come Under Selling Pressure Next Week: Analysts

Seoul Stocks May Come Under Selling Pressure Next Week: Analysts

SEOUL, Jan. 8 (Korea Bizwire) — South Korean stocks are likely to come under downward pressure next week amid concerns that the U.S. Federal Reserve’s tapering policy may be harsher than expected, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,954.89 points Friday, down 0.76 percent from last Thursday, the [...]