SEOUL, Sept. 21 (Korea Bizwire) — South Korean retail investors’ expectations for Tesla Motors Inc.’s new battery technology are growing as they have snapped up shares in the world’s top electric vehicle this year, industry sources said Monday. Tesla is slated to hold an annual meeting of stockholders on “battery day” Tuesday afternoon (Pacific time), [...]
SEOUL, Sept. 21 (Korea Bizwire) — The market value of South Korean auto giant Hyundai Motor Group has recovered to the 100 trillion-won (US$85.9 billion) level after more than 28 months thanks to brisk sales of hydrogen and electric vehicles, data showed Monday. The total market capitalization of Hyundai Motor Co. and 11 other listed [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korean retail investors have snapped up Samsung Electronics Co. this year, sharply raising their stake in the global tech giant, industry sources said Thursday. Local retail investors had net bought 147 million shares in the world’s top smartphone and memory chip manufacturer this year as of Wednesday, according [...]
SEOUL, Sept. 14 (Korea Bizwire) – South Korean investors have poured a huge amount of money into initial public offerings (IPO) this year amid ample liquidity, industry sources said Monday. Investor deposits for IPO subscription in Asia’s fourth-largest economy came to 150.9 trillion won (US$134 billion) between January and last week, about 1.5 times the [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s key stock index has posted the second-highest profit rate among its Group of 20 peers since this year’s bottom, helped by robust buying by individuals, the bourse operator said Sunday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,396.69 points Friday, soaring 64.42 percent from [...]
SEOUL, Sept. 11 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in August as they locked in profits following a bull run in the local stock market amid economic recovery hopes, the central bank said Friday. Foreigners sold a net US$890 million worth of local stocks last month, a turnaround from [...]
SEOUL, Sept. 10 (Korea Bizwire) — Kakao Games, the game developing unit of South Korean mobile giant Kakao, made a strong market debut Thursday, finishing at more than double the initial public offering (IPO) price. Kakao Games closed at 62,400 won (US$53), rising by a daily permissible limit of 30 percent, sharply up from the [...]
SEOUL, Sept. 9 (Korea Bizwire) — Electric vehicle leader Tesla Motors Inc. has been South Korean investors’ most-bought issue among foreign shares since July amid an overseas stock buying craze here, data showed Wednesday. Domestic investors bought a net US$1.56 trillion won worth of Tesla shares between July 1 and Tuesday, according to the data [...]
SEOUL, Sept. 7 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in August with their stock ownership hitting a four-year low, the financial regulator said Monday. Offshore investors sold a net 1.07 trillion won (US$900 million) of local shares last month, a turnaround from net buying a month earlier, according to [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean retail investors have net-bought more than 2 trillion won worth of shares in top-cap Samsung Electronics Co. over the past month amid massive selling by foreigners and institutions, data showed Wednesday. Individual investors’ net purchase of Samsung Electronics traded on the main stock market came to 2.01 [...]