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 [...]
SEOUL, Aug. 31 (Korea Bizwire) — Deposits in South Korean cash management accounts have surged nearly 20 percent this year to reach a fresh record high, industry sources said Monday. The net asset value of cash management accounts offered by local brokerage houses reached 60.4 trillion won (US$51.1 billion) as of Thursday, up from 51.8 [...]
SEOUL, Aug. 25 (Korea Bizwire) — The number of small shareholders in global tech giant Samsung Electronics Co. nearly tripled this year amid massive stock investment by local retail investors, data showed Tuesday. Some 1.45 million investors held a stake of less than 1 percent in the top-cap company as of the end of June, [...]
SEOUL, Aug. 24 (Korea Bizwire) — Despite a recent market seesaw, foreign investment banks have painted a rosy outlook of the South Korean stock market amid signs of improving economic conditions and ample liquidity, sources said Monday. Global investment bank Credit Suisse recently upgraded its outlook for the Korea Composite Stock Price Index (KOSPI) to [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean listed companies saw their first-half earnings plunge sharply, data showed Wednesday, due mainly to the fallout of the new coronavirus pandemic. The combined net profit of 690 listed firms on the main KOSPI bourse reached 25.54 trillion won (US$21.6 billion) in the January-June period, down 34 percent [...]
SEOUL, Aug. 12 (Korea Bizwire) — The daily turnover of South Korea’s gold market hit a record high in July amid a surge in trade in the precious metal, the local exchange said Wednesday. The market’s daily turnover averaged 13.1 billion won (US$11.1 million) in July, more than double the amount of 5.2 billion won [...]
SEOUL, July 31 (Korea Bizwire) — The number of damaged banknotes found in South Korea grew slightly from a year earlier in the first six months of the year, with some people trying to sanitize their money, apparently using the wrong methods, amid fears of the new coronavirus, central bank data showed Friday. In the [...]
SEOUL, July 22 (Korea Bizwire) — Foreign investors have turned to net buyers of top-cap Samsung Electronics Co. this month following months of massive selling, data showed Wednesday. Offshore investors’ net purchase of Samsung shares stood at 1.07 trillion won (US$900 million) in the first 21 days of July, making the tech giant their most-bought [...]