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 [...]
SEOUL, Jan. 22 (Korea Bizwire) — The amount of stock sales through block deals on South Korean bourses increased sharply in 2017 from a year earlier, the Korea Exchange (KRX) said Monday. The amount surged to 55.9 trillion won (US$52.3 billion) on the KOSPI main bourse last year, up 37 percent from the previous year. [...]
SEOUL, Dec. 14 (Korea Bizwire) — Gold funds in South Korea have fared poorly over the past months ahead of a U.S. interest rate decision, a market tracker said Thursday. Those funds chalked up an average return of minus 11.6 percent over the three months to Tuesday, the worst performer among local investment funds worth [...]
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 [...]
SEOUL, Nov. 21 (Korea Bizwire) — The opening of South Korea’s foreign exchange market will be delayed by one hour on the day of the college entrance exam this week, the committee in charge of the foreign exchange market said Tuesday. The foreign exchange market is set to open at 10 a.m. and close at [...]
SEOUL, July 31 (Korea Bizwire) – South Korea’s leading conglomerates had some 116 trillion won (US$103.29 billion) in cash or cashable assets as of the end of March this year, an increase of 54 percent from five years ago, data showed Monday, a sign that the companies remain hesitant about investing. Seventy-two companies were analyzed [...]
SEOUL, July 24 (Korea Bizwire) – SK Group has replaced Hyundai Motor as South Korea’s second-largest market cap as of last week, with Samsung Group remaining unchallenged in the No. 1 spot, according to the Korea Exchange on Monday. Samsung Group’s market cap came to 516.57 trillion won (US$461.63 billion) as of Friday’s closing, up [...]
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 [...]
SEOUL, Apr. 17 (Korea Bizwire) — A rise in geopolitical risks surrounding North Korea’s nuclear and ballistic missile provocations is causing a surge in gold prices and fueling trade in the precious metal, the local exchange said Sunday. According to the Korea Exchange (KRX), a gram of gold was trading at 46,840 won (US$41), up [...]
SEOUL, Dec. 14 (Korea Bizwire) – Korea Exchange (KRX) trading board KOSDAQ announced Wednesday that it would start allowing businesses operating in the red to go public if they show positive growth potential – introducing a so-called the “Tesla condition” taken from Tesla Motors, which lacked capital initially but was recognized for its prospects, and [...]