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Foreign Stock Transactions Continue to Increase in S. Korea

Foreign Stock Transactions Continue to Increase in S. Korea

SEOUL, Feb. 7 (Korea Bizwire) — An increasing number of South Koreans are engaging in direct trading of foreign stocks, bolstered by the strengthening world stock market as well as deeper interest among the public. Brokerage firms, in response, are developing new strategies for foreign stocks to meet customer demand. Between December 2018 and January [...]

S. Korea to Implement Electronic Securities System This Year

S. Korea to Implement Electronic Securities System This Year

SEOUL, Jan. 28 (Korea Bizwire) — Stocks and bonds will no longer exist as paper forms in South Korea starting from September, as the country moves to introduce an electronic securities system, the financial regulator said Monday.  Under the new enforcement ordinance to take effect on Sept. 16, the issuance, registration and circulation of securities [...]

S. Korea Publishes Bond Market Guidebook in English

S. Korea Publishes Bond Market Guidebook in English

SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s bourse operator said Monday that it has released a comprehensive book on the country’s bond market in English to help boost foreign investors’ understanding and convenience. The 136-page book titled “Korea Exchange Fixed Income Market Guide” includes key information and tips for offshore investors and overseas bond-issuing [...]

Agricultural Stocks Surges on Jim Rogers Comments

Agricultural Stocks Surges on Jim Rogers Comments

SEOUL, Jan. 25 (Korea Bizwire) — Agriculture-related stocks rallied on Thursday as famous American businessman and legendary investor Jim Rogers mentioned agriculture as an area of interest. On the same day, shares of ASIA SEED Co., which produces seeds such as cabbage and sweet pumpkin, soared 29.92 percent to closed at 9,770 won. Jim Rogers [...]

S. Korea to Expand Capital Gains Tax on All Equity-linked Derivatives

S. Korea to Expand Capital Gains Tax on All Equity-linked Derivatives

SEJONG, Jan. 7 (Korea Bizwire) — South Korea said Monday that it will impose a 10 percent tax on profits from trading all stock index-related derivatives in the latest move to revise the country’s tax code. The revision — set to take effect in April — covers the KOSDAQ 150 Futures, KOSDAQ 150 Options and [...]

Mortgage Burden Likely to Get Heavier as BOK Lifts Key Rate

Mortgage Burden Likely to Get Heavier as BOK Lifts Key Rate

SEOUL, Nov. 30 (Korea Bizwire) — Households may have to cope with higher mortgage rates as the Bank of Korea (BOK) raised its key interest rate for the first time in a year, market watchers said Friday. In a widely anticipated move to cool property prices, the BOK lifted its key rate by 25 basis [...]

Retail Investors Own Over 3 tln Won of Suspended Samsung Biologics

Retail Investors Own Over 3 tln Won of Suspended Samsung Biologics

SEOUL, Nov. 19 (Korea Bizwire) – Retail investors are estimated to hold more than 3 trillion won worth of Samsung BioLogics Co. shares, whose trading was suspended last week over window-dressing, a corporate researcher said Monday. As of last Wednesday, individual investors owned an estimated 9.6 million shares of Samsung BioLogics, or 14.53 percent, according [...]