SEOUL, March 9 (Korea Bizwire) — South Korean vaccine maker SK Bioscience Co. on Tuesday kicked off a two-day public subscription for its initial public offering (IPO), seen as a high-profile share sale during the first half. SK Bioscience, a unit of South Korea’s No. 2 family-controlled conglomerate SK Group, has allowed individual investors to [...]
SEOUL, March 9 (Korea Bizwire) — The average daily transaction amount of cryptocurrencies is skyrocketing on the back of rising investment fever. The combined transaction amount of the nation’s four major cryptocurrency exchanges totaled 445 trillion won (US$389 billion) during the period from Jan. 1 to Feb. 25, far exceeding last year’s yearly total of [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean retail investors’ stock frenzy appears to be going strong with their net stock buying nearing 100 trillion won since January last year, industry data showed Sunday. According to the data, individual investors scooped up a net 99.24 trillion won (US$87.92 billion) since January 2020, with the monthly [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean retail investors pared down their net buying of local stocks in February as the country’s key stock index traded in a tight range following a bull run, data showed Sunday. Retail investors snapped up a net 5.8 trillion won (US$5.24 billion) worth of stocks on the main [...]
SEOUL, Feb. 19 (Korea Bizwire) — Gold prices in South Korea hit a 10-month low as hope of an economic recovery has made the bullion less attractive, data showed Friday. A gram of gold changed hands at 63,900 won (US$57.7) on the domestic market Friday, down 0.48 percent from the previous session, according to the [...]
SEOUL, Feb. 17 (Korea Bizwire) — Major asset management companies in South Korea saw their earnings soar more than 40 percent in 2020 amid a bullish stock market, data showed Wednesday. The combined net income of the country’s 10 leading asset managers came to 381.6 billion won ($346 million) last year, up 44 percent from [...]
SEOUL, Feb. 16 (Korea Bizwire) — Bond yields in South Korea are climbing at a fast pace on hopes of an economic recovery and more stimulus measures in major economies, analysts said Tuesday. The final offer rate on 10-year Treasurys came to an annual 1.871 percent on the local bond market Monday, the highest return [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s state pension fund is estimated to have chalked up massive profits from its holdings of shares in electric vehicle leader Tesla Motors Inc. with the share price rising at an explosive pace in recent years. The National Pension Service (NPS) made its first disclosure that it owned [...]
SEOUL, Feb. 11 (Korea Bizwire) — Foreign investors raked in bio and chemical shares while dumping chip and auto stocks during the past two weeks of adjustment, putting the key stock index in a tight band. The benchmark Korea Composite Stock Price Index (KOSPI) has been in a lengthy adjustment period since Jan. 26, after [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korean retail investors have bet big on global tech giant Samsung Electronics this year, but their investments have failed to pay off due to a recent pullback in its share price, data showed Monday. Local individual investors have purchased a net 13.4 trillion won (US$11.9 billion) worth of [...]