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Foreign Ownership of KOSDAQ Stocks Hits Record High

Foreign Ownership of KOSDAQ Stocks Hits Record High

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 [...]

Individuals Shy Away from Bullish Market Led by Large Cap Stocks: Data

Individuals Shy Away from Bullish Market Led by Large Cap Stocks: Data

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 [...]

Foreign Ownership of KOSDAQ Stocks Hits Record High

Foreign Ownership of KOSDAQ Stocks Hits Record High

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 [...]

Private Investors Sole Losers in KOSPI Stock Picks in 2016

Private Investors Sole Losers in KOSPI Stock Picks in 2016

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 [...]

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 [...]

Mobile Devices Take Up 30% of Main Bourse Transactions

Mobile Devices Take Up 30% of Main Bourse Transactions

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 [...]

More Harm Than Good: Korean Companies Start Delisting

More Harm Than Good: Korean Companies Start Delisting

SEOUL, May 11 (Korea Bizwire) – A rising number of Korean companies are voluntarily delisting. The simple logic: there’s more harm than good for companies that remain public. According to the Korea Exchange (KRX), Kyungnam Energy will go through liquidation proceedings and be delisted on May 19. The company’s biggest shareholder, Kyungnam Tech, requested the voluntary [...]

Mobile Giant Kakao Included on FTC Conglomerates Watch List

Mobile Giant Kakao Included on FTC Conglomerates Watch List

SEJONG, April 4 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, has been included on the antitrust watch list as a large business group, with its mutual investments and loan guarantees to be restricted, the watchdog said Sunday. The Fair Trade Commission (FTC) announces a newly updated list of large [...]