SEOUL, Oct. 5 (Korea Bizwire) — Dividend income earned by South Koreans under the age of 18 has more than doubled over the past four years amid a trend of early gifts among rich people, government data showed Monday. Underage shareholders in the country posted a combined dividend income of around 265 billion won (US$227 [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korean analysts offer a wide range of target prices for Big Hit Entertainment, an agency of K-pop superstar BTS, ahead of the company’s market debut slated for this month. Big Hit Entertainment’s listing, set for Oct. 15, is one of this year’s mega IPO deals, thanks to the [...]
SEOUL, Oct. 1 (Korea Bizwire) — Big Hit Entertainment, the management agency of K-pop superstar BTS, will make its debut on the main bourse this month, arguably emerging as the top entertainment pick by investors this year. The company will open subscription for retail investors Monday and Tuesday at an initial public offering (IPO) price [...]
SEOUL, Sept. 28 (Korea Bizwire) — Big Hit Entertainment, the management agency for K-pop super group BTS, said Monday its initial public offering (IPO) price has been set at 135,000 won (US$115) following last week’s demand forecasting session. The offering price represents the upper end of its IPO price range provided for two-day demand forecasting [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s internet banking services continued to grow in the first half, with the number of users and daily transactions rising to new highs, central bank data showed Monday. The number of internet banking, including mobile banking, came to 164.8 million as of end-June, up 3.5 percent from six [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s No. 1 mobile payment service provider, Kakao Pay, is pushing for an initial public offering during the first half of next year, industry sources said Monday. To that end, Kakao Pay has recently chosen local brokerage KB Securities as the lead manager and is preparing to win [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s main bourse Korea Exchange (KRX) said Sunday it will begin offering English translation services for regulatory filings of 54 major listed firms starting Monday. The KRX has decided to provide the translation services for the filings as the value of listed shares held by foreigners reaches 35 [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s state pension fund will invest US$300 million in an Australian infrastructure fund as it seeks diversification and profitability in its portfolios, a person familiar with the matter said Friday. The National Pension Service (NPS) will join AXA General Insurance, Allianz and APG, the largest pension provider in [...]
SEOUL, Sept. 24 (Korea Bizwire) — Big Hit Entertainment, the management agency for K-pop super group BTS, was to start demand forecasting for domestic and overseas institutions Thursday in the runup to its initial public offering (IPO). Big Hit Entertainment will determine the initial offering price following the two-day forecasting session as one of the [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean life insurance companies are launching mini-plans that come with affordable premiums and simple insurance policies to target young customers. The Korea Life Insurance Association said on Tuesday that mini-plans are becoming a new trend in the insurance industry. Normally, a life insurance plan requires customers to pay [...]