SEOUL, Jan. 25 (Korea Bizwire) — Agriculture-related stocks rallied on Thursday as famous American businessman and legendary investor Jim Rogers mentioned agriculture as an area of interest. On the same day, shares of ASIA SEED Co., which produces seeds such as cabbage and sweet pumpkin, soared 29.92 percent to closed at 9,770 won. Jim Rogers [...]
SEOUL, Jan. 24 (Korea Bizwire) – South Korea’s stock market operator said Thursday it will push to introduce a rule that allows it to cancel mistakenly made share trading orders as part of efforts to better guarantee market stability and protect investors. Lee Eun-tae, chief of the KOSPI market division under the Korea Exchange (KRX), [...]
SEJONG, Jan. 7 (Korea Bizwire) — South Korea said Monday that it will impose a 10 percent tax on profits from trading all stock index-related derivatives in the latest move to revise the country’s tax code. The revision — set to take effect in April — covers the KOSDAQ 150 Futures, KOSDAQ 150 Options and [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is widely expected to gather ground sharply in 2019 as several large companies are seeking to sell shares for the first time, industry sources said Monday. The market is projected to reach up to 10 trillion won (US$8.9 billion) this year, compared [...]
SEOUL, Nov. 30 (Korea Bizwire) — Households may have to cope with higher mortgage rates as the Bank of Korea (BOK) raised its key interest rate for the first time in a year, market watchers said Friday. In a widely anticipated move to cool property prices, the BOK lifted its key rate by 25 basis [...]
SEOUL, Nov. 21 (Korea Bizwire) — The Financial Supervisory Service (FSS), in collaboration with KB Kookmin Bank and Amazon Web Services, has developed an AI algorithm that can distinguish smishing. Smishing refers to a combination of SMS and phishing. It is a form of financial fraud where clicking on a certain web address sent via [...]
SEOUL, Nov. 19 (Korea Bizwire) – Retail investors are estimated to hold more than 3 trillion won worth of Samsung BioLogics Co. shares, whose trading was suspended last week over window-dressing, a corporate researcher said Monday. As of last Wednesday, individual investors owned an estimated 9.6 million shares of Samsung BioLogics, or 14.53 percent, according [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s No. 1 conglomerate, Samsung, saw its market capitalization fall nearly 12 percent this year due to losses in tech and bio shares, a corporate tracker said Sunday. The combined market value of its 16 listed companies came to 418.33 trillion won (US$369.5 billion) as of Wednesday, down [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s financial markets will start trading an hour later than usual on Thursday due to the nationwide college entrance exam, the bourse operator has said. Trading on the main KOSPI and secondary KOSDAQ stock markets, as well as the bond market and the over-the-counter (OTC) stock market, will [...]
SEOUL, Nov. 9 (Korea Bizwire) — Being a homeowner has become more difficult for Hwang Jin-kyu, a 38-year-old software engineer who has been trying to buy a three-bedroom apartment in northern Seoul for months. He sought to borrow about 200 million won (US$178,300) from a bank to buy the 79.3-square-meter home, but his application for [...]