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Korea Exchange to Go Paperless in September

Korea Exchange to Go Paperless in September

SEOUL, Jun. 18 (Korea Bizwire) — The Cabinet approved an ordinance Tuesday to introduce an electronic securities system in September, under which listed stocks and bonds do not exist in paper form, officials said. Under the new system, issuance, registration and circulation of securities will be performed on an electronic basis without physical certificates starting [...]

S. Korea Publishes Bond Market Guidebook in English

S. Korea Publishes Bond Market Guidebook in English

SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s bourse operator said Monday that it has released a comprehensive book on the country’s bond market in English to help boost foreign investors’ understanding and convenience. The 136-page book titled “Korea Exchange Fixed Income Market Guide” includes key information and tips for offshore investors and overseas bond-issuing [...]

Samsung Electronics Tops List of Shares Sold by Foreigners, Institutions

Samsung Electronics Tops List of Shares Sold by Foreigners, Institutions

SEOUL, Oct. 8 (Korea Bizwire) — Shares of South Korean tech giant Samsung Electronics Co. topped the list of holdings sold off by foreign and institutional investors in 2018, market data showed Monday. During the first nine months of this year, offshore investors sold shares of Samsung Electronics worth 3.56 trillion won (US$3.15 billion), according [...]

KRX to Tighten Rules on Maximum Per-Case Stock Trading

KRX to Tighten Rules on Maximum Per-Case Stock Trading

SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]

South Korean Bourse Taps Artificial Intelligence

South Korean Bourse Taps Artificial Intelligence

SEOUL, May 4 (Korea Bizwire) — The Korea Exchange announced Thursday that it has initiated a new market surveillance system based on artificial intelligence. The main bourse operator said the construction of the new system, EXIGHT, was complete and a kickoff celebration was held the same day. EXIGHT is a portmanteau of the words “exchange” [...]

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

SEOUL, Apr. 15 (Korea Bizwire) — South Korean brokerages on Saturday forecast that 128 companies listed on the main bourse will post a 16 percent on-year jump in combined operating profit in the first quarter. Local brokerages estimated the 128 listed firms on the Korea Exchange (KRX) will post a combined operating profit of 46.8 [...]

E-Commerce Business First Beneficiary of “Tesla Policy”

E-Commerce Business First Beneficiary of “Tesla Policy”

SEOUL, Dec. 12 (Korea Bizwire) – An e-commerce business has successfully passed the preliminary rounds of a review by the Korea Exchange that, if successful, will see it listed on the KOSDAQ as the first beneficiary of the “Tesla Policy”. The Tesla Policy, set forth by the Korea Exchange, grants companies currently operating in the [...]