SEOUL, Dec. 30 (Korea Bizwire) — The South Korean government said Wednesday it plans to complete the sale of its 17.25 percent stake in Woori Financial Holdings Co. by 2022, despite a delay in its sale amid the new coronavirus outbreak. The public funds oversight committee, which handles state asset sales, will make efforts to [...]
SEOUL, Dec. 30 (Korea Bizwire) — Lee Jae-young, vice chairman of global tech giant Samsung Electronics Co., has emerged as South Korea’s richest stockholder following his father’s death, a corporate tracker said Wednesday. The value of Lee’s stock holdings came to 9.1 trillion won (US$8.3 billion) as of Tuesday, up from 7.4 trillion won at [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korean retail investors have loaded up on shares in top-cap Samsung Electronics Co. this year, reaping a huge return on their investments, data showed Monday. Local individual investors had bought a net 14.7 trillion won (US$13.3 billion) worth of common and preferred shares in the global tech giant [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korean banks plan to introduce a new service to check the authenticity of its customers’ passports used as an identification method, officials said Sunday. The verification system will be available in 12 local banks starting from Monday and will expand to other banks and savings banks next year, [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean investors have picked Tesla and Apple as the most popular foreign stocks to pass on to their children. Major South Korean brokerage house Samsung Securities Co. held an online conference on Saturday through its official YouTube channel and carried out a survey with a group of local [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korean brokerage houses predicted the local stock market would continue its uptick move in 2021, citing signs of a global economic recovery and growing investor appetite for higher returns, data showed Sunday. Multiple securities companies set their upper-end target band for the benchmark Korea Composite Stock Price Index [...]
SEOUL, Dec. 18 (Korea Bizwire) — The government has completed measures designed to upgrade its money laundering prevention system. The Financial Intelligence Unit (FIU), a special unit that operates under the umbrella of the Financial Services Commission, said Thursday it had started the operation of a next-generation money laundering prevention system. The unit’s money laundering [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korean retail investors loaded up on shares of top-cap Samsung Electronics Co. last week amid a surge in its share price, data showed Monday. Individual investors bought a net 1.26 trillion won (US$1.15 billion) worth of Samsung from Monday to Friday, their top pick among local companies, according [...]
SEOUL, Dec. 8 (Korea Bizwire) — The stock value of Lee Kun-hee, the late chief of South Korea’s top conglomerate Samsung Group, soared more than 21 percent this year due largely to a surge in the share price of group flagship Samsung Electronics Co., data showed Tuesday. The value of stocks held by Lee, who [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korean brokerage houses have raised their target prices of Samsung Electronics Co. on signs of a recovery in global chip demand, sources said Tuesday. Some analysts predict the share price of Samsung Electronics, the world’s top memory chip maker, to rise as high as 90,000 won (US$83) after [...]