SEOUL, May 13 (Korea Bizwire) — South Korea’s market for promissory notes issued by mega investment banks (IBs) is expected to grow sharply this year to top the 10 trillion won (US$8.5 billion) mark, industry sources said Monday. The outstanding value of promissory notes floated by two mega IBs — Korea Investment & Securities Co. [...]
SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. is expected to bounce back from its first-quarter earnings shock from the third quarter of this year thanks to a recovery in chip demand, analysts said Thursday. Samsung’s net profit nose-dived 57 percent on-year to 5.04 trillion won (US$4.3 billion) in the January-March period, the lowest [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean brokerages have cut their forecasts for the first-quarter operating profits of major listed firms by 33 percent since earlier this year, as the companies are expected to feel the pinch of slowing global demand and the U.S.-China trade dispute, a market researcher said Wednesday. Brokerages expected 136 [...]
SEOUL, Apr. 10 (Korea Bizwire) — Foreign investors have been increasing their buying of South Korean shares in recent sessions, data showed Wednesday, amid optimism, albeit cautious, over the chip industry and progress in U.S.-China trade deals. According to the data compiled by the Korea Exchange (KRX), foreign investors extended their buying binge to eight [...]
SEOUL, Mar. 17 (Korea Bizwire) — The combined market capitalization of major listed entertainment agencies sharply lost ground since a sex scandal surrounding K-pop stars rose to the surface last month, market data showed Sunday. The combined market capitalization of the top five listed entertainment agencies plunged around 600 billion won (US$527 million) on Friday [...]
SEOUL, Feb. 28 (Korea Bizwire) — Funds that invest in Vietnamese stocks have enjoyed popularity among South Korean investors lured by the Southeast Asian country’s marked economic growth, market data showed Thursday. The 16 investment funds linked to Vietnamese equities in South Korea saw net inflows of 109.8 billion won (US$98.21 million) over the past [...]
SEOUL, Feb. 24 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean conglomerate SK Group, ranked No. 1 among all stocks listed on the main bourse in terms of conversion prices, the Korea Exchange (KRX) said Sunday. The conversion price of SK Holdings was 6,775,000 won (US$6,022) based on Friday’s closing price [...]
SEOUL, Feb. 7 (Korea Bizwire) — An increasing number of South Koreans are engaging in direct trading of foreign stocks, bolstered by the strengthening world stock market as well as deeper interest among the public. Brokerage firms, in response, are developing new strategies for foreign stocks to meet customer demand. Between December 2018 and January [...]
SEOUL, Jan. 28 (Korea Bizwire) — Stocks and bonds will no longer exist as paper forms in South Korea starting from September, as the country moves to introduce an electronic securities system, the financial regulator said Monday. Under the new enforcement ordinance to take effect on Sept. 16, the issuance, registration and circulation of securities [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s bourse operator said Monday that it has released a comprehensive book on the country’s bond market in English to help boost foreign investors’ understanding and convenience. The 136-page book titled “Korea Exchange Fixed Income Market Guide” includes key information and tips for offshore investors and overseas bond-issuing [...]