SEOUL, Feb. 18 (Korea Bizwire) — The market value of Samsung Group units has risen more than 10 percent this year on a strong rally in tech-focused affiliates, a market tracker said Tuesday. The combined market capitalization of Samsung Electronics Co. and 15 other listed firms belonging to South Korea’s top conglomerate came to 524.2 [...]
SEOUL, Feb. 17 (Korea Bizwire) — The prices of South Korea’s preferred stocks have remained bullish this year despite greater market volatility due to the new coronavirus scare, data showed Monday. The price index for preferred shares of the top 20 market-cap companies had climbed 9.11 percent this year as of Friday, according to the [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s state pension provider owns 5 percent or more of over 300 listed companies amid increased shareholder activism by the service, a financial information provider said Monday. The National Pension Service (NPS) held stakes of 5 percent or greater in 313 companies traded on the country’s major and [...]
SEOUL, Feb. 4 (Korea Bizwire) — The craze over purchasing foreign stocks continues among South Korean investors. A rush to buy shares in U.S. tech giants such as Apple Inc. and Tesla Motors Inc. led the craze over purchasing foreign stocks. The Korea Securities Depository reported the value of foreign stock transactions (both buy and [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth. The benchmark Korea Composite Stock Price Index [...]
SEOUL, Jan. 23 (Korea Bizwire) — Research reports published by securities firms are decreasing in line with changes in the business environment in the securities industry. The number of research reports published by securities firms based on financial information provider FnGuide’s tally dropped from a high of 95,215 in 2013 to 76,694 in 2018. In [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of stock trading accounts in South Korea is expected to surpass 30 million soon on the back of the rising popularity of mobile stock trading and a bull run in overseas markets, data showed Monday. According to the data by the Korea Financial Investment Association (KOFIA), 29.45 [...]
SEOUL, Jan. 17 (Korea Bizwire) — Funds that invest in overseas assets such as stocks will see steady growth this year after a stellar performance last year, as investors park more money in such vehicles, market sources said Friday. Overseas investment funds under management in South Korea almost doubled to 183.7 trillion won (US$158.8 billion) [...]
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 [...]
SEOUL, Jan. 6 (Korea Bizwire) — Apple Inc. was the top pick by South Korean investors among foreign companies during the fourth quarter of last year as local investors joined the rush to buy shares in the U.S. tech giant on hopes of it making a rally, data showed Monday. Apple outperformed all other market-leading [...]