SEOUL, Dec. 4 (Korea Bizwire) — South Korean stocks are likely to continue to face volatility next week as investors take to the sidelines amid the spreading omicron strain of the coronavirus. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,968.33 points Friday, up 1.09 percent from 2,936.44 points a week ago. The [...]
SEOUL, Dec. 1 (Korea Bizwire) – Two major foreign investment banks (IBs) have revised down their targets of South Korea’s key stock index for 2022 amid rising market volatility following the discovery of the omicron coronavirus variant, industry sources said Wednesday. In a recent report on South Korea, Goldman Sachs has cut its 2022 target [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean stocks are likely to continue fluctuating in a tight range next week amid concerns about a rise in new coronavirus cases and the rising inflation pressure. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,936.44 points Friday, down 1.16 percent from 2,971.02 points a week [...]
SEOUL, Nov. 25 (Korea Bizwire) – South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday. The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in [...]
SEOUL, Nov. 22 (Korea Bizwire) — Eugene PE, the private equity firm of South Korea’s Eugene Group, and four others have been chosen to buy a combined 9.3 percent government-held stake in Woori Financial Holdings Co. for 897.7 billion won (US$754.1 million), South Korea’s financial regulator said Monday. The move will put an end to [...]
SEOUL, Nov. 22 (Korea Bizwire) — Samsung Life Insurance Co., South Korea’s top life insurer, said Monday that it has agreed to launch a joint investment fund with the state-run postal agency for overseas investments. In a preliminary deal signed with Korea Post, Samsung Life Insurance said that they will launch the joint investment fund [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korean stocks are likely to continue fluctuating in a tight range next week amid lingering uncertainties about inflation pressure. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,971.02 points Friday, slightly up from 2,968.8 points a week ago. Stocks slumped from Tuesday to Thursday as strong [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s overseas financial assets soared to a new high in the third quarter thanks largely to increased stock investments, central bank data showed Thursday. The nation’s external financial assets came to US$2.10 trillion at the end of September, up $30.6 billion from three months earlier, according to preliminary [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean stock investors will be allowed to trade foreign stocks in decimal points via the securities firms of their choice, starting from the end of this year at the earliest. The Korea Securities Depository (KSD) announced that it had completed the setup of a special infrastructure to enable [...]
SEOUL, Nov. 15 (Korea Bizwire) – The number of small shareholders in global tech giant Samsung Electronics Co. surpassed 5 million amid massive stock investment by local retail investors, data showed Monday. Some 5.18 million investors held shares in the top-cap company as of the end of September, triple the tally a year earlier, according [...]