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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 [...]

KOSDAQ Invokes ‘Tesla Condition’, Allows Loss-Making Companies to IPO

KOSDAQ Invokes ‘Tesla Condition’, Allows Loss-Making Companies to IPO

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 [...]

Investors Snap up Politics-Themed Stocks After Park Impeachment

Investors Snap up Politics-Themed Stocks After Park Impeachment

SEOUL, Dec. 13 (Korea Bizwire) – Despite an overall market slump, investors are scrambling to bet on stocks related to presidential hopefuls as an early election is deemed inevitable following the impeachment of President Park Geun-hye, data showed Tuesday.  South Korean lawmakers voted overwhelmingly to impeach Park on Friday over a massive corruption and influence-peddling [...]

S. Korea to Open OTC Stock Market for Startups in Nov.

S. Korea to Open OTC Stock Market for Startups in Nov.

SEOUL, Oct. 25 (Korea Bizwire) – An over-the-counter stock market for promising startups will open in South Korea in November to help them raise funds more easily and offer investors a chance to buy their shares, the bourse operator said Tuesday.  The Korea Exchange (KRX) said the stock market, named the KRX Startup Market (KSM) [...]