SEOUL, Jan. 6 (Korea Bizwire) — Apple Inc. was the top pick by South Korean investors among foreign companies during the fourth quarter of last year as local investors joined the rush to buy shares in the U.S. tech giant on hopes of it making a rally, data showed Monday. Apple outperformed all other market-leading [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea’s banking industry is continuing to shrink. Hundreds of employees have already left or are preparing to leave due to special retirement at the end of the year and the beginning of the year. The country’s five major lenders — KB Kookmin, Shinhan, Woori, KEB Hana, and NH [...]
SEOUL, Jan. 5 (Korea Bizwire) — Smartphones overtook personal computers as the top stock-trading platform in South Korea last year, data showed Sunday. Stock trading via smartphones accounted for an average 40.66 percent of daily trading on the main KOSPI market last year, according to the data by the nation’s bourse operator. In comparison, stock [...]
SEOUL, Jan. 5 (Korea Bizwire) — Debt incurred by households and self-employed businesses in South Korea is estimated to surpass 2,000 trillion won (US$1,713 billion) as of September last year, according to central bank data on Sunday. Outstanding household loans came to 1,481 trillion won at the end of last September, up 13.6 trillion won [...]
SEOUL, Dec. 31 (Korea Bizwire) — Global chip supplier Samsung Electronics Co. was the most favored stock by foreign investors this year, while Hyundai Motor Co. was the target of a foreign selling binge, data showed Tuesday. Offshore investors, who were net sellers in 2018, net bought 1 trillion won (US$836.9 million) worth of local [...]
SEOUL, Dec. 30 (Korea Bizwire) — Foreign investors recently have been scooping up shares of Kakao Corp., the operator of South Korea’s largest messaging app Kakao Talk, on expectations of a rosy earnings outlook, data showed Monday. Foreigners net bought 96.64 billion won (US$83.6 million) worth of Kakao shares in the Dec. 2-27 period, according [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s tax agency has imposed 80.3 billion won (US$69.2 million) in withholding tax on Bithumb Korea, according to the largest shareholder of Bithumb Holdings. Vidente Co., the largest shareholder of Bithumb Holdings, said in a regulatory filing on Friday that it confirmed the decision by the National Tax [...]
SEOUL, Dec. 29 (Korea Bizwire) — Gold has posted stellar returns this year, data showed Sunday, as an economic slump, a lengthy Sino-American trade row and other downside risks chilled the stock market and stoked investors’ flight to safety. According to the data compiled by Daishin Securities, the retail price of 1 don of pure [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc., the world’s second-largest manufacturer of memory chips, hit a yearly high on South Korea’s main bourse on Friday as its improving business outlook attracted strong foreign buying, data showed. As of 10:46 a.m., shares of SK hynix soared to a 52-week high of 97,000 won (US$83), [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korean retail investors, spooked by a bearish run on the local stock market, almost doubled their investment in U.S. stocks this year on hopes for steady gains on the back of strong fundamentals in the world’s largest economy and progress in trade talks between Washington and Beijing, data [...]