SEOUL, March 26 (Korea Bizwire) — Insurance companies are coming up with plans that offer compensation for severe allergic reactions to coronavirus vaccines as South Korea begins inoculations. LINA Korea introduced a new short-term, micro-insurance plan on Thursday that offers compensation for various kinds of anaphylactic shock. If a subscriber suffers from anaphylactic shock for [...]
SEOUL, March 18 (Korea Bizwire) — South Korean vaccine maker SK Bioscience Co. made a splash in its debut on the main bourse Thursday, closing at more than two times its initial public offering (IPO) price. Instantly after the opening bell, its stock price soared to the daily permissible ceiling of 169,000 won (US$149.43), up [...]
SEOUL, March 16 (Korea Bizwire) — The number of stock investors jumped nearly 49 percent in 2020 from a year earlier amid a bullish market run, industry data showed Tuesday. A total of 9.19 million investors held shares in 2,352 companies listed on the country’s main and secondary bourses, up 48.5 percent from a year [...]
SEOUL, March 16 (Korea Bizwire) – The market value of cryptocurrencies in South Korea has shot up nearly 10 times over the past three years amid keen investor interest, industry sources said Tuesday. According to local cryptocurrency exchange Upbit, its market index stood at 9,742.62 points as of 5:45 p.m. Monday, almost 10 times the [...]
SEOUL, March 10 (Korea Bizwire) — South Korean vaccine maker SK Bioscience Co. drew a record 64 trillion won (US$56 billion) in investor deposits during a two-day subscription period for its share sale, company officials said Wednesday. According to the officials, the deposits for SK Bioscience’s initial public offering (IPO) surpassed the two previous records [...]
SEOUL, March 9 (Korea Bizwire) — South Korean vaccine maker SK Bioscience Co. on Tuesday kicked off a two-day public subscription for its initial public offering (IPO), seen as a high-profile share sale during the first half. SK Bioscience, a unit of South Korea’s No. 2 family-controlled conglomerate SK Group, has allowed individual investors to [...]
SEOUL, March 9 (Korea Bizwire) — The average daily transaction amount of cryptocurrencies is skyrocketing on the back of rising investment fever. The combined transaction amount of the nation’s four major cryptocurrency exchanges totaled 445 trillion won (US$389 billion) during the period from Jan. 1 to Feb. 25, far exceeding last year’s yearly total of [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean retail investors’ stock frenzy appears to be going strong with their net stock buying nearing 100 trillion won since January last year, industry data showed Sunday. According to the data, individual investors scooped up a net 99.24 trillion won (US$87.92 billion) since January 2020, with the monthly [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean retail investors pared down their net buying of local stocks in February as the country’s key stock index traded in a tight range following a bull run, data showed Sunday. Retail investors snapped up a net 5.8 trillion won (US$5.24 billion) worth of stocks on the main [...]
SEOUL, Feb. 19 (Korea Bizwire) — Gold prices in South Korea hit a 10-month low as hope of an economic recovery has made the bullion less attractive, data showed Friday. A gram of gold changed hands at 63,900 won (US$57.7) on the domestic market Friday, down 0.48 percent from the previous session, according to the [...]