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Mega IPOs May Help Shore up Sagging Stock Market

Mega IPOs May Help Shore up Sagging Stock Market

SEOUL, Nov. 3 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of Samsung Group, and Doosan Bobcat Co., an affiliate of power equipment conglomerate Doosan Group, are set to make their market debuts this month, which some analysts say may help the local stock market recover from a recent market turmoil. Last week, Samsung BioLogics, [...]

Foreigner Investors Keep Buying Korean Stocks, but Analysts Say the Streak May Be Temporary

Foreigner Investors Keep Buying Korean Stocks, but Analysts Say the Streak May Be Temporary

SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue.  Shares held by foreign investors as of Tuesday [...]

High-yield Bonds Draw Investor Interest amid Low Rates

High-yield Bonds Draw Investor Interest amid Low Rates

SEOUL, June 10 (Korea Bizwire) – South Korean investors are piling into high-yield corporate bonds with relatively high risk in search of bigger returns as the country’s interest rates are at rock bottom, sources said Friday.   Trading of these so-called mezzanine bonds have recently been active as investors are drawn to debt that offers a higher [...]

Global Experts on Private Equity Funds Pick Investment-Worthy Korean Businesses

Global Experts on Private Equity Funds Pick Investment-Worthy Korean Businesses

SEOUL, June 2 (Korea Bizwire) – “The consumer market in Korea is high developed, so I believe Korea’s services sector is the most promising,” stated Stefan Zuschke, the president of BC Partners.    “If I invested in a Korean business, I would invest in one of Korea’s IT corporations,” claimed VSS executive director Christopher Russell. And [...]

Unemployed 20-somethings Hits New High for H1

Unemployed 20-somethings Hits New High for H1

SEOUL, Jul. 27 (Korea Bizwire) — The number of unemployed South Koreans in their 20s hit a new first-half record, data showed Sunday, adding to concerns over murky employment outlooks for the country’s younger generation. There were 410,000 unemployed people aged between 20 and 29 in the January-June period, the highest level since relevant data [...]

Korean Government to Push Establishment of Micro-Mobility Industry

Korean Government to Push Establishment of Micro-Mobility Industry

SEOUL, Jun. 15 (Korea Bizwire) — The Korean government will spend 5 billion won (US$ 4.48 million) on Korean SMEs to develop  three-wheeled mini EVs until 2016, according to an announcement on June 14. The Ministry of Trade, Industry and Energy (MOTIE) already initiated a 7 billion won (US$ 6.28 million) project last year to develop [...]

Minor Shareholders Side with Elliott Associates in Opposition of Samsung C&T’s Merger

Minor Shareholders Side with Elliott Associates in Opposition of Samsung C&T’s Merger

SEOUL, Jun. 11 (Korea Bizwire) — Minor shareholders of Samsung C&T are siding with Elliott Associates as they agree with the hedge fund’s opposition to a merger proposal between Samsung C&T and Cheil Industries. Over the past two days, minor shareholders have gathered individual consent to give up their voting rights to 670,000 shares so [...]

CNPV to Invest in and Develop Solar Cell & Module Plants in Korea

CNPV to Invest in and Develop Solar Cell & Module Plants in Korea

SEOUL, Jun. 11 (Korea Bizwire) — Chinese solar power company CNPV signed an agreement to develop 300 billion won (US$ 270 million) plant facilities for solar cell and module production in Saemangeum, on June 10 at an investment briefing in Yeouido. CNPV’s ‘Greenfield’ investment is the largest investment in Korea from a Chinese company. According [...]