SEOUL, Nov. 8 (Korea Bizwire) — Joe Biden’s election as U.S. president is likely to keep the South Korean currency strong against the U.S. greenback for a while, which will work to trigger foreign capital inflow to the local stock markets, analysts said Sunday. The local currency closed at 1,120.4 won against the U.S. dollar [...]
SEOUL, Nov. 3 (Korea Bizwire) — Payments made with cards in South Korea grew at a slower pace in the first nine months of the year from a year earlier as consumer spending remained tepid amid the new coronavirus outbreak, central bank data showed Tuesday. Spending made with credit, debit and prepaid cards reached a [...]
SEOUL, Oct. 27 (Korea Bizwire) — Credit card loans in South Korea soared more than 34 percent in September as cash-strapped people scrambled to borrow from card firms amid a protracted coronavirus outbreak, industry data showed Tuesday. New loans extended by seven credit card firms — Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte [...]
SEOUL, Oct. 19 (Korea Bizwire) — Shares in Big Hit Entertainment, the creative nest of K-pop superstar BTS, continued to suffer an extended slump on the third day since the company’s market debut as some institutional investors dumped the stocks. Big Hit shares tumbled 5.74 percent to close at 189,000 won (US$165), far underperforming the [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s national debt is expected to soar over the next four years, which may have a negative impact on the country’s creditworthiness, a report said Monday. In particular, Seoul’s interest-bearing state debt is likely to rocket nearly 78 percent over the period based on the government’s 2020-24 fiscal [...]
SEOUL, Oct. 18 (Korea Bizwire) — A number of South Korean companies are in the process of going public in the fourth quarter this year, in a bid to ride on the latest successful initial public offering (IPO) rush, data showed Sunday. After suffering a pandemic-caused market crash in the first half, the local stock [...]
SEOUL, Oct. 18 (Korea Bizwire) — Big Hit Entertainment, the agency of K-pop superstar BTS, may face increased volatility following last week’s rocky stock market debut, as institutional investors are likely to sell part of the company’s stocks. Right after debuting on the country’s main bourse on Thursday, the K-pop entertainment company soared to 351,000 [...]
SEOUL, Oct. 15 (Korea Bizwire) — Big Hit Entertainment, the management agency of K-pop superstars BTS, debuted on South Korea’s main bourse on Thursday, building a valuation higher than the country’s next three largest entertainment companies combined. Big Hit shares opened at 270,000 won (US$236) on Thursday on the Korea Exchange and jumped by the [...]
SEOUL, Oct. 13 (Korea Bizwire) — Tens of trillions of won are floating around stock markets after last week’s fierce competition for the subscription of Big Hit Entertainment, the management agency of K-pop superstar BTS, data showed Tuesday. Retail investors, including BTS fans, chipped in 58.4 trillion won (US$50.8 billion) in the agency’s two-day subscription [...]
SEOUL, Oct. 13 (Korea Bizwire) — A majority of investors who were discovered to have committed illegal short-selling turned out to be foreigners. However, the amount of fines levied on them was negligible. According to an analysis of the data that Rep. Kim Byung-wook from the ruling Democratic Party received from the Financial Services Commission, [...]