SEOUL, Nov. 22 (Korea Bizwire) — South Korean game makers have contributed greatly to the recent boom of the country’s secondary stock market as their stock prices are on an upswing on hopes of rising earnings, industry sources said Wednesday. Driven mainly by strong earnings momentum, the tech-laden KOSDAQ market has been recently on a [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea will extend a tax break to companies listed on the KOSDAQ stock market and revamp listing rules to help small and medium-sized firms raise funds through the junior market, the country’s financial regulator said Monday. Details of the tax incentive, including how much tax will be deducted, [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s top financial regulator said Monday it will draw up measures by the end of this year to encourage the nation’s state pension fund to invest more in the KOSDAQ market. Choi Jong-ku, chairman of the Financial Services Commission, made the remarks during a meeting with executives of [...]
SEOUL, Aug. 18 (Korea Bizwire) — Foreign ownership of stocks traded on South Korea’s secondary stock market has hit a new high, data showed Friday, as offshore investors turn to undervalued tech firms there after exiting the main bourse. As of Thursday, offshore investors held 25.98 trillion won (US$22.8 billion) worth of shares traded on [...]
SEOUL, Jul. 13 (Korea Bizwire) — Samsung Electronics Co.’s market cap has grown to exceed that of the entire secondary bourse and more than make up for the company’s erased stocks this year, data showed Thursday. The market cap of the tech firm as of the end of trading Wednesday was 362 trillion won (US$316.7 [...]
SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backed by improving corporate earnings and resilient exports. The KOSPI main bourse has risen 18 percent in the first six [...]
SEOUL, May 17 (Korea Bizwire) – Foreign ownership of stocks traded on South Korea’s secondary stock market has reached a fresh high on expectations the country’s new government may take steps to boost smaller firms, data showed Tuesday. As of Thursday, offshore investors held 23.3 trillion won (US$20.8 billion) worth of shares traded on the [...]
SEOUL, Jan. 2 (Korea Bizwire) – Private investors were the big losers in last year’s stock market, a contrast to institutional and foreign investors that ended the year on the plus side, financial industry data showed Monday. The top 20 most-purchased stocks by private investors in the main bourse KOSPI ended 33.07 percent down by [...]
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 [...]
SEOUL, Jul. 24 (Korea Bizwire) – The portion of stocks traded on the main bourse through mobile devices has hovered above 30 percent this year, data showed Sunday, with the figure anticipated to continue to grow sharply down the road. According to the data compiled by the Korea Exchange (KRX), the main bourse operator, the [...]