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BTS Agency Stocks Tipped to Come Under Selling Pressure on Institutions’ Sell-offs

BTS Agency Stocks Tipped to Come Under Selling Pressure on Institutions’ Sell-offs

SEOUL, Oct. 18 (Korea Bizwire) — Big Hit Entertainment, the agency of K-pop superstar BTS, may face increased volatility following last week’s rocky stock market debut, as institutional investors are likely to sell part of the company’s stocks. Right after debuting on the country’s main bourse on Thursday, the K-pop entertainment company soared to 351,000 [...]

BTS Agency Listed amid Fanfare on Stock Market

BTS Agency Listed amid Fanfare on Stock Market

SEOUL, Oct. 15 (Korea Bizwire) — Big Hit Entertainment, the management agency of K-pop superstars BTS, debuted on South Korea’s main bourse on Thursday, building a valuation higher than the country’s next three largest entertainment companies combined. Big Hit shares opened at 270,000 won (US$236) on Thursday on the Korea Exchange and jumped by the [...]

Massive Cash Floating Around Stock Markets After BTS Agency’s IPO Subscription

Massive Cash Floating Around Stock Markets After BTS Agency’s IPO Subscription

SEOUL, Oct. 13 (Korea Bizwire) — Tens of trillions of won are floating around stock markets after last week’s fierce competition for the subscription of Big Hit Entertainment, the management agency of K-pop superstar BTS, data showed Tuesday. Retail investors, including BTS fans, chipped in 58.4 trillion won (US$50.8 billion) in the agency’s two-day subscription [...]

Majority of Illegal Short Sellers are Foreigners, but Fines are Negligible

Majority of Illegal Short Sellers are Foreigners, but Fines are Negligible

SEOUL, Oct. 13 (Korea Bizwire) — A majority of investors who were discovered to have committed illegal short-selling turned out to be foreigners. However, the amount of fines levied on them was negligible. According to an analysis of the data that Rep. Kim Byung-wook from the ruling Democratic Party received from the Financial Services Commission, [...]

Major Foreign IBs Cut S. Korea’s Growth Outlook on Virus Resurgence

Major Foreign IBs Cut S. Korea’s Growth Outlook on Virus Resurgence

SEOUL, Oct. 12 (Korea Bizwire) — Major foreign investment banks (IBs) have downgraded their forecasts for South Korea’s economic growth following the resurgence of the coronavirus here, a report showed Monday. As of end-September, nine major global IBs, including Barclays and Goldman Sachs, forecast Asia’s fourth-largest economy to shrink 1.4 percent this year, compared with [...]

Gaming Firm Krafton’s Planned IPO Drawing Investor Interest

Gaming Firm Krafton’s Planned IPO Drawing Investor Interest

SEOUL, Oct. 7 (Korea Bizwire) — South Korean online gaming company Krafton Inc.’s planned initial public offering (IPO) is drawing keen interest from potential investors following a recent series of highly successful share sales, industry sources said Wednesday. The market craze follows megahit IPOs by Big Hit Entertainment, the management agency of K-pop phenoms BTS; [...]