SEOUL, Jan. 22 (Korea Bizwire) — South Korean stocks are forecast to move in a tight range as investors will likely assume a wait-and-see strategy ahead of the Lunar New Year holiday, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,834.29 on Friday, marking the lowest closing price since December [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean investors’ holdings of foreign securities touched a new all-time high in 2021 on an overseas investment boom, data showed Thursday. Local investors had held overseas stocks and bonds worth US$100.59 billion as of end-2021, up 39.3 percent from a year earlier, according to the data from the [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) drew record high demand from retail investors in the public subscription for its red-hot initial public offering (IPO) next week, its underwriters said Wednesday. The company attracted 114.1 trillion won (US$95.8 billion) in deposits from some 4.4 million retail investors [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s state pension fund lowered its exposure to large cap and other domestic shares in 2021 in an apparent bid to boost returns and diversify its portfolio, a corporate tracker said Wednesday. The National Pension Service (NPS) held stakes of 5 percent or more in 265 companies listed [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korean stocks are likely to start gradually picking up next week after the recent plunge from U.S. inflation woes, analysts said Saturday, expecting an increase in chip demand and liquidity in the stock market. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,921.92 points Friday, down [...]
SEOUL, Jan. 13 (Korea Bizwire) — Foreign investors’ net purchase of South Korean securities was the biggest in 12 years last year due largely to their buying spree of local bonds, central bank data showed Thursday. Foreigners bought a net US$38.71 billion worth of Korean securities last year, sharply up from $3.47 billion the previous [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top 100 companies have seen their total market capitalization swell nearly 11 percent over the past one-year period, a corporate tracker said Wednesday. The combined market value of those leading firms came to 2,128 trillion won (US$1.78 trillion) as of Jan. 3 this year, up 10.8 percent [...]
SEOUL, Jan. 10 (Korea Bizwire) — Sales of short-term corporate bonds in South Korea jumped more than 20 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday. Local companies issued 1,243.7 trillion won (US$1.04 trillion) worth of short-term bonds, up 20.6 percent from a year earlier, according to the data [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s bourse operator said Sunday that it will launch a domestic capital market information portal in English this week to provide more information to foreign investors. The service, dubbed Market Data System, will be provided through the website starting Monday, the Korea Exchange (KRX) said. The KRX said [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean stocks are likely to come under downward pressure next week amid concerns that the U.S. Federal Reserve’s tapering policy may be harsher than expected, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,954.89 points Friday, down 0.76 percent from last Thursday, the [...]