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, [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korean online gaming company Krafton Inc.’s planned initial public offering (IPO) is drawing keen interest from potential investors following a recent series of highly successful share sales, industry sources said Wednesday. The market craze follows megahit IPOs by Big Hit Entertainment, the management agency of K-pop phenoms BTS; [...]
SEOUL, Oct. 7 (Korea Bizwire) — The Bank of Korea (BOK) said Wednesday it plans to test-run issuing and circulating a central bank-issued digital currency (CBDC) next year, as the bank will launch a pilot program to study the potential introduction of a new cryptocurrency. In March this year, the BOK began reviewing legal and [...]
SEOUL, Oct. 6 (Korea Bizwire) — Big Hit Entertainment, the management agency of K-pop phenoms BTS, drew a near record-high amount of deposits from retail investors Tuesday, the last day for the subscription for its initial public offering (IPO) next week. Since Monday, retail investors have subscribed for around 1.43 million Big Hit shares, or [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korean banks’ credit loans to individuals grew at a slower pace in September than a month earlier amid financial authorities’ tougher restrictions, industry data showed Tuesday. Outstanding unsecured loans to individuals by five major lenders — KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup — totaled 126.4 trillion [...]
SEOUL, Oct. 6 (Korea Bizwire) — Shares of solar and wind power companies in South Korea have more than doubled thus far this year, the local bourse operator said. The Korea Exchange announced that on the basis of closing prices on Sept. 29, the share prices of the 11 companies recommended by more than three securities [...]