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Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

SEOUL, Jan. 13 (Korea Bizwire) –- Major South Korean cosmetics and duty-free operators traded higher Monday amid hopes that China may lift its retaliatory economic measures under way for years against Seoul’s decision to deploy a U.S. anti-missile system here. Amorepacific Corp., the country’s top cosmetics maker, closed at 232,000 won(US$200), up 5.22 percent from [...]

Smartphones Beat Personal Computers in Stock Trading for 1st Time

Smartphones Beat Personal Computers in Stock Trading for 1st Time

SEOUL, Jan. 5 (Korea Bizwire) — Smartphones overtook personal computers as the top stock-trading platform in South Korea last year, data showed Sunday. Stock trading via smartphones accounted for an average 40.66 percent of daily trading on the main KOSPI market last year, according to the data by the nation’s bourse operator. In comparison, stock [...]

Foreigners Rake in Kakao on Rosy Q4 Earnings Outlook

Foreigners Rake in Kakao on Rosy Q4 Earnings Outlook

SEOUL, Dec. 30 (Korea Bizwire) — Foreign investors recently have been scooping up shares of Kakao Corp., the operator of South Korea’s largest messaging app Kakao Talk, on expectations of a rosy earnings outlook, data showed Monday. Foreigners net bought 96.64 billion won (US$83.6 million) worth of Kakao shares in the Dec. 2-27 period, according [...]

S. Korea Imposes US$69.2 mln in Withholding Tax on Bithumb

S. Korea Imposes US$69.2 mln in Withholding Tax on Bithumb

SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s tax agency has imposed 80.3 billion won (US$69.2 million) in withholding tax on Bithumb Korea, according to the largest shareholder of Bithumb Holdings. Vidente Co., the largest shareholder of Bithumb Holdings, said in a regulatory filing on Friday that it confirmed the decision by the National Tax [...]

SK hynix Hits Yearly High on Strong Foreign Buying

SK hynix Hits Yearly High on Strong Foreign Buying

SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc., the world’s second-largest manufacturer of memory chips, hit a yearly high on South Korea’s main bourse on Friday as its improving business outlook attracted strong foreign buying, data showed. As of 10:46 a.m., shares of SK hynix soared to a 52-week high of 97,000 won (US$83), [...]