SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top 100 companies have seen their total market capitalization swell nearly 11 percent over the past one-year period, a corporate tracker said Wednesday. The combined market value of those leading firms came to 2,128 trillion won (US$1.78 trillion) as of Jan. 3 this year, up 10.8 percent [...]
SEOUL, Jan. 10 (Korea Bizwire) — Sales of short-term corporate bonds in South Korea jumped more than 20 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday. Local companies issued 1,243.7 trillion won (US$1.04 trillion) worth of short-term bonds, up 20.6 percent from a year earlier, according to the data [...]
SEOUL, Jan. 10 (Korea Bizwire) — Foreign direct investment (FDI) pledges made to South Korea surged 42.3 percent in 2021 from a year earlier to reach an all-time high, data showed Monday. Foreigners pledged to invest US$29.51 billion in South Korea in 2021, compared with $20.7 billion a year earlier, according to the data by [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s bourse operator said Sunday that it will launch a domestic capital market information portal in English this week to provide more information to foreign investors. The service, dubbed Market Data System, will be provided through the website starting Monday, the Korea Exchange (KRX) said. The KRX said [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean stocks are likely to come under downward pressure next week amid concerns that the U.S. Federal Reserve’s tapering policy may be harsher than expected, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,954.89 points Friday, down 0.76 percent from last Thursday, the [...]
SEOUL, Jan. 7 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, said Friday it has begun the process of an initial public offering (IPO) as part of efforts to raise funds to strengthen its foothold as a major digital financial platform. K-Bank sent a request for proposal to local and foreign securities firms earlier [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea plans to announce measures to boost the domestic reserves of key items related to economic security in the first quarter in a bid to cope with risks from strains on the global supply chain, a senior government official said Friday. In a related move, the country plans [...]
SEOUL, Jan. 4 (Korea Bizwire) — Foreign direct investment pledged to South Korea’s free economic zones (FEZs) surged 42.8 percent in 2021, led by the overseas investment in bio and other new industry sectors, data showed Tuesday. The country’s nine FEZs received US$1.31 billion worth of FDI commitment last year, up from $910 million a [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s initial public offering (IPO) market is expected to have another bumper year in 2022 as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts said Sunday. The amount of money raised via IPOs on the main and tech-heavy stock [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korea’s consumer prices grew at the fastest pace in 10 years in 2021 due to surging energy costs and high prices of farm products, data showed Friday, indicating a build-up in inflationary pressure for Asia’s fourth-largest economy. Consumer prices rose 2.5 percent this year from a year earlier, [...]