SEOUL, Dec. 3 (Korea Bizwire) — Shares in Samsung Electronics Co. continued to surge on the Seoul bourse Thursday on the back of rosy outlook for its semiconductor business. Samsung shares advanced 0.29 percent to close at a new all-time high of 69,700 won (US$63). During the session, Samsung shares surpassed the 70,000-won mark for [...]
SEOUL, Nov. 23 (Korea Bizwire) — Shares in major units of South Korea’s top conglomerate, Samsung Group, have risen at double-digit rates since the death of its chief a month ago on hopes for an economic recovery and more dividends from them, data showed Monday. Share prices of Samsung Electronics and six other major subsidiaries [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean brokerage houses expect the local stock market to continue its upturn to reach a new zenith in 2021 on expectations for an economic recovery, sources said Monday. Thirteen securities companies have forecast the upper-end target band for the benchmark Korea Composite Stock Price Index (KOSPI) to range [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean stock investors’ deposits at securities firms have recently surged to a near record high on a strong market recovery, data showed Thursday. The amount of investor deposits came to 63.11 trillion won (US$57.2 billion) as of Wednesday, up 268 billion won from the previous day, according to [...]
SEOUL, Nov. 17 (Korea Bizwire) — Share prices in South Korean chipmakers are expected to rise further as investors bet on a recovery in the memory chip market next year, analysts here said Tuesday. South Korea’s two largest chipmakers — Samsung Electronics Co. and SK hynix Inc. — have been skyrocketing in recent weeks with [...]
SEOUL, Nov. 17 (Korea Bizwire) — The stock value of Lee Kun-hee, the late chief of South Korea’s top conglomerate Samsung Group, has surpassed the 20 trillion won mark for the first time thanks largely to a surge in shares of tech giant Samsung Electronics Co., data showed Tuesday. The value of stocks held by [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s internet banks, including Kakao Bank, are being blamed for failing to meet their original purpose of establishment despite the South Korean financial regulator’s strong desire and support in anticipation of innovation. During the parliamentary audit of the Financial Services Commission (FSC) held last month, Kakao Bank faced [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korean insurance companies will now be obliged to undergo deliberations by internal committees before exercising indemnity rights against minors and economically vulnerable people and the result of the deliberations should be disclosed to the public. This move is part of efforts to prevent the recurrence of a controversy [...]
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, 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 [...]