SEOUL, Aug. 4 (Korea Bizwire) — The number of retail investors accessing mobile trading systems (MTS), or smartphone trading, is rapidly rising amid sharp fluctuations in the share prices of secondary battery materials producers. According to industry sources, the daily active users (DAU) for five major brokerages — Mirae Asset Securities Co., Samsung Securities Co., [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korean online lender Kakao Bank said Wednesday its second-quarter net profit soared 44 percent from a year earlier on growth in interest revenue and an expanded customer base. Its net profit stood at 81.9 billion won (US$63.6 million) in the April-June period, up from a profit of 57 [...]
SEOUL, Aug. 1 (Korea Bizwire) — The market capitalization of South Korea’s conglomerates soared more than 350 trillion won (US$273.8 billion) this year amid a bullish trend in the country’s stock markets, data showed Tuesday. The combined value of a total of 338 listed companies owned by 73 business groups reached 1.77 quadrillion won as [...]
SEOUL, July 21 (Korea Bizwire) — The number of South Korean listed firms that merged with or acquired business entities fell on-year in the first half of 2023, data showed Friday. A total of 47 South Korean companies either wrapped up or have been working on corporate mergers and acquisitions (M&As) during the first six [...]
SEOUL, July 19 (Korea Bizwire) — South Korean online lender KakaoBank Corp. said Tuesday it will be introducing a “personal vault” service, allowing users to store documents and photos as computer files. Depending on the level of sensitivity associated with each file, users will have the option to implement additional security measures. For instance, less [...]
SEOUL, July 13 (Korea Bizwire) – The market value of listed firms in South Korea jumped nearly 19 percent in the first half of 2023 amid a bullish stock market, with Samsung Electronics Co. retaining its top-cap status, a corporate tracker said Thursday. The market capitalization of 2,599 companies listed on the country’s main and [...]
SEOUL, July 11 (Korea Bizwire) — Brokerage firms in South Korea are engaged in a marketing war, offering commission discounts to attract individual investors interested in trading stocks overseas. Mirae Asset Securities Co. has launched a promotional event, allowing individual investors to buy U.S. stocks online without paying any commissions until the end of this [...]
SEOUL, June 29 (Korea Bizwire) — Financial regulators have issued a strong warning to certain insurers for engaging in unethical practices by promoting insurance sales based on the Fukushima nuclear disaster and the potential increase in cancer rates due to contaminated water discharge. The Financial Services Commission and the Financial Supervisory Service announced on Thursday [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s stock market has failed to win developed market status from global index provider Morgan Stanley Capital International (MSCI), despite a set of market reform measures earlier this year. The MSCI announced the decision in a press release released Thursday (U.S. time), saying South Korea will stay on [...]
SEOUL, June 18 (Korea Bizwire) — South Koreans’ combined purchase of the Japanese currency at local banks jumped nearly fivefold in May from a year earlier, data showed Sunday, as more people took advantage of a weaker yen. The amount of Japanese currency sold at the country’s four major banks came to 30.16 billion yen [...]