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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Jan. 24 (Korea Bizwire) – South Korea’s stock market operator said Thursday it will push to introduce a rule that allows it to cancel mistakenly made share trading orders as part of efforts to better guarantee market stability and protect investors. Lee Eun-tae, chief of the KOSPI market division under the Korea Exchange (KRX), [...]
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 [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is widely expected to gather ground sharply in 2019 as several large companies are seeking to sell shares for the first time, industry sources said Monday. The market is projected to reach up to 10 trillion won (US$8.9 billion) this year, compared [...]
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 [...]
SEOUL, Nov. 21 (Korea Bizwire) — The Financial Supervisory Service (FSS), in collaboration with KB Kookmin Bank and Amazon Web Services, has developed an AI algorithm that can distinguish smishing. Smishing refers to a combination of SMS and phishing. It is a form of financial fraud where clicking on a certain web address sent via [...]
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 [...]