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 [...]
SEOUL, May 23 (Korea Bizwire) — The collapse of an asset market bubble in South Korea could lead to a more dangerous situation than the crash of the country’s information technology (IT) bubble in the early 2000s, market experts warned Monday. Their doomsday scenario comes amid warnings that a U.S. stock market bubble has begun [...]
SEOUL, May 22 (Korea Bizwire) — Foreign investors have sold nearly 15 trillion won (US$12 billion) worth of South Korean stocks this year through mid-May as they fled to safe haven assets amid growing stagflation worries, the country’s main bourse said Sunday. From Jan. 1 through Friday, foreign selling stood at 14.8 trillion won on [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s main stock market saw its trading volume shrink more than 16 percent this month from a year earlier, data showed Monday, as investors remained on the sidelines amid inflation worries and other negatives. The daily trading volume of the country’s main bourse averaged 940 million shares during [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s bourse operator is weighing the option of launching a futures market for carbon emissions, officials said Thursday. The Korea Exchange (KRX) and the country’s environment ministry opened a bidding for the feasibility study of a carbon emission futures market early this month, according to the KRX officials [...]