SEOUL, June 24 (Korea Bizwire) — Investor sentiment has been unduly negative toward Samsung Electronics in light of the company’s strong performance and solid earnings forecast, a chief analyst at a local research firm has said. “I think investor worries are excessive. Limited supply will shore up memory chip prices in the coming months,” Greg [...]
SEOUL, June 10 (Korea Bizwire) — Shares of South Korean mobile payment service Kakao Pay Corp. have plunged following the stock sales through block deal by Alipay Singapore Holdings Pte, which is the company’s second-largest shareholder. Kakao Pay employees owning company stock, in turn, are seeing significant losses. On Wednesday, Kakao Pay shed 15.19 percent to [...]
SEOUL, June 9 (Korea Bizwire) — Foreigners withdrew more money than they injected into South Korea’s stock markets for the fourth straight month in May amid worries over economic slowdowns in major countries and the fallout from the ongoing war in Ukraine, central bank data showed Thursday. Net foreign money outflows from the main bourse, [...]
SEOUL, June 7 (Korea Bizwire) — Securities firms are lowering their forecasts for Samsung Electronics Co.’s share price despite the company’s optimistic projections. The average target price proposed by brokerage houses for the giant chipmaker last Thursday was 93,100 won, down by more than 9 percent over the past 12 months, according to the data [...]
SEOUL, June 6 (Korea Bizwire) — South Korean investors are continuing to buy shares in electric vehicle leader Tesla Inc. despite the plunging price, data showed Sunday. Local investors bought US$1.03 billion worth of Tesla shares last month, the highest since last December, according to the data from the Korea Securities Depository. As such, South [...]
SEOUL, June 1 (Korea Bizwire) — Foreign investors have snapped a monthslong selling streak and turned to a buying mode for South Korean stocks, data showed Wednesday, amid eased worries over a global recession and China’s struggle with COVID-19 outbreaks. Foreigners scooped up a net 1.72 trillion won (US$1.38 billion) on the country’s main KOSPI [...]
SEOUL, May 31 (Korea Bizwire) — Dividend payouts by firms listed on South Korea’s main stock market sank more than 14 percent in 2021 despite a solid rise in their share prices, data showed Tuesday. The combined amount of dividends by top-cap Samsung Electronics Co. and 567 companies listed on the main bourse came to [...]
SEOUL, May 29 (Korea Bizwire) — More than 170 employees from banks and other financial firms have embezzled more than a combined 100 billion won (US$79.62 million) over the past five years, but about a mere 11 percent has been retrieved, data showed Sunday. Calls have grown recently for financial firms and authorities to strengthen [...]
SEOUL, May 26 (Korea Bizwire) — The number of big foreign investors in South Korean stocks has tumbled nearly 30 percent over the past six years, a corporate tracker said Thursday, in a sign the local bourse is increasingly losing its appeal amid a lack of transparent corporate governance. A total of 164 offshore investors [...]
SEOUL, May 26 (Korea Bizwire) — More than 7 out of 10 listed companies in South Korea have suffered stock price setbacks over a one-year period as investors remain disheartened by rate hikes in major economies, data showed Thursday. According to the data from the Korea Exchange, 72.4 percent of the 2,498 firms traded on [...]