SEOUL, Jan. 29 (Korea Bizwire) – South Korea plans to encourage more active investment by its public funds, which collectively manage an estimated 1,400 trillion won (US$981.5 billion), in the country’s secondary KOSDAQ stock market, the budget ministry said Thursday. Under a plan finalized by acting Budget Minister Lim Ki-geun, the government aims to expand [...]
SEOUL, April 10 (Korea Bizwire) — Retail investors from South Korea, who tend to seek high returns by tolerating high volatility, have sold off shares of NASDAQ-listed tech companies, data showed Sunday. Domestic investors purchased smartphone behemoth Apple Inc.’s shares worth US$582.1 million during the period from January 1 to April 7, according to data [...]
SEOUL, Dec. 28 (Korea Bizwire) — The number of newcomers on the country’s tech-laden KOSDAQ market this year reached the highest ever since 2002, the bourse operator said Wednesday. A total of 129 firms made their debuts on the KOSDAQ market this year, the highest since 2002, when 153 companies were newly listed, according to [...]
SEOUL, Sept. 10 (Korea Bizwire) — Kakao Games, the game developing unit of South Korean mobile giant Kakao, made a strong market debut Thursday, finishing at more than double the initial public offering (IPO) price. Kakao Games closed at 62,400 won (US$53), rising by a daily permissible limit of 30 percent, sharply up from the [...]
SEOUL, Aug. 26 (Korea Bizwire) — The Korea Exchange, South Korea’s bourse operator, said Monday it has tentatively decided to delist Kolon TissueGene Inc., an affiliate of Kolon Life Science, from the local stock market as it submitted a false document when it was listed two years ago. But the company is allowed to seek [...]
SEOUL, Jun. 10 (Korea Bizwire) — Short-selling of stocks on the South Korean bourses jumped to a seven-month high in May as local shares remained bearish amid escalating trade tension between the U.S. and China, data showed Monday. Daily stock short-selling averaged 537.5 billion won (US$454.8 million) in the main KOSPI and secondary KOSDAQ markets [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s bourse operator said Wednesday that a tax cut for stock trading will come into effect later this week, with analysts expecting the reduction to revitalize stock transactions, although there may be no sharp rise in trading volume in the long term. Starting Thursday, the transaction tax for [...]
SEJONG, Jan. 7 (Korea Bizwire) — South Korea said Monday that it will impose a 10 percent tax on profits from trading all stock index-related derivatives in the latest move to revise the country’s tax code. The revision — set to take effect in April — covers the KOSDAQ 150 Futures, KOSDAQ 150 Options and [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s financial markets will start trading an hour later than usual on Thursday due to the nationwide college entrance exam, the bourse operator has said. Trading on the main KOSPI and secondary KOSDAQ stock markets, as well as the bond market and the over-the-counter (OTC) stock market, will [...]
SEOUL, Aug. 6 (Korea Bizwire) — Foreigners’ turnover in South Korea’s secondary stock market rose this year, while their proportion in the main bourse moved down, data showed Monday. The overseas investors took up 9 percent of the daily turnover in the tech-laden KOSDAQ market during the first seven months of the year, up 1.6 [...]