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 [...]
SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s bourse operator said Monday it will strengthen cooperation with global entities to attract more foreign investment into the country’s secondary stock market so as to turn it into the world’s top trading venue for tech shares. The tech-laden KOSDAQ market marked the 22th anniversary of its establishment [...]
SEOUL, May 28 (Korea Bizwire) — A growing number of South Korean firms listed on the secondary KOSDAQ market are being led by female executives, though men in their 50s who majored in tech dominate the industry, data showed Monday. The number of female CEOs at the country’s 1,269 firms on the tech-laden bourse came [...]
SEOUL, Apr. 18 (Korea Bizwire) — Retail investors have expanded their portfolio in South Korea’s junior KOSDAQ bourse, leading to the market’s recent upturn, data showed Wednesday. On Tuesday, the tech-laden KOSDAQ rose 0.48 percent to close at 901.22, the first time in about two and half months that the index surpassed the 900-point mark. [...]
SEOUL, Feb. 6 (Korea Bizwire) — More than perhaps any other business sector, the phalanx of rules and regulations guarding the gates into financial services for new entrants has been imposing, a reality the government has decided to change in order to encourage the emergence of more specialized actors. Financial Services Commission head Choi Jong-gu [...]
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, Jan. 11 (Korea Bizwire) — The government will give tax breaks to individuals that invest in mutual funds for startups and soften some listing rules for the junior KOSDAQ stock market, officials said Thursday. The move is part of a new policy move to boost the KOSDAQ market and help smaller firms raise funds [...]
SEOUL, Jan. 4 (Korea Bizwire) — Nearly 40 percent of last year’s stock trading in the secondary KOSDAQ market was done on smartphones, gradually phasing out transactions through computers and telephones, data showed Thursday. A daily average turnover of 291.48 million shares, or 39.6 percent of the total, on the tech-laden KOSDAQ was generated over [...]