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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 [...]

Foreign Ownership of Stocks Hit All-time High amid Sound Corporate Earnings: Data

Foreign Ownership of Stocks Hit All-time High amid Sound Corporate Earnings: Data

SEOUL, Jul. 13 (Korea Bizwire) — Foreign ownership of South Korean stocks hit a record high recently, buttressed by sound corporate earnings and expectations of a global economic recovery, market data showed Thursday. The market capitalization of stocks held by foreigners stood at 602 trillion won (US$528 billion) as of Tuesday, the largest ever according [...]