SEOUL, Jul. 10 (Korea Bizwire) — South Korean cosmetic maker Tonymoly almost doubled its initial public offering (IPO) on Friday, but erased part of its earlier gains over a mixed outlook on its bid to tap deeper into China as a new growth engine beyond the saturated domestic market. Its shares opened trade at 64,000 [...]
SEOUL, July 1 (Korea Bizwire) – Foreign ownership of South Korean stocks has fallen below the 30-percent level for the first time in nearly four years as market heavyweights preferred by offshore investors underperformed small-caps this year, the nation’s bourse operator said Wednesday. The value of local stocks held by foreign investors was estimated at [...]
SEOUL, Jun. 23 (Korea Bizwire) — The capitalization of the tech-heavy KOSDAQ market surpassed the 200-trillion won (US$181 billion) level for the first time since its launch in 1996, driven by retail investors seeking higher returns and a bright earnings outlook, its operator said Tuesday. The KOSDAQ market index, which tracks the prices of 1,077 [...]
SEOUL, March 26 (Korea Bizwire) — The market value of bio and health care shares listed on the South Korean stock markets surpassed 30 trillion won (US$27.22 billion) for the first time as investors pinned high hopes on their future growth, the bourse main operator Korea Exchange (KRX) said Thursday. The combined market cap of the [...]
SEOUL, Mar. 2 (Korea Bizwire) — Foreign investors turned net buyers of Korean stocks in February, snapping a two-month selling streak on the back of easing uncertainties in Greece and the U.S. central bank’s flexible stance on an interest rate hike, the Seoul bourse operator said Monday. Offshore traders bought a net 1.32 trillion won [...]
SEOUL, Jan. 30 (Korea Bizwire) — Six years after being designated as a public institution, Korea Exchange (KRX) was finally freed from government regulation that included budget controls and audits, effectively freeing it to move forward with expansion in overseas markets. While it was listed as a public institution, KRX’s business activities were been evaluated on an [...]
SEOUL, Sep. 26 (Korea Bizwire) — The market value of Samsung Electronics and Hyundai Motors has decreased to their lowest levels in three years. According to the Korea Exchange on September 24, the combined market capitalization of both companies amounted to 17.6 percent of the total stock market in Korea, the lowest since 2011. The value of Samsung [...]
SEOUL, Aug. 24 (Korea Bizwire) – Korea Exchange Bank said on August 22 that it made the 100th payment of the departure guarantee insurance to a foreign worker on the 21st at its Incheon International Airport office and it would continue paying the insurance money as scheduled. The recipient of the 100th insurance money was a 30-year-old Mongolian man. [...]
SEOUL, Korea, Mar 11 (Korea Bizwire) – As many people are today using smartphones and tablet computers through which they can trade stocks with the tip of their fingers, the amount of stock traded through mobile devices has surpassed a 25-percent threshold, an eight-fold increase from only 3 percent as late as 2010. According to [...]