SEOUL, Jan. 24 (Korea Bizwire) – South Korea’s stock market operator said Thursday it will push to introduce a rule that allows it to cancel mistakenly made share trading orders as part of efforts to better guarantee market stability and protect investors. Lee Eun-tae, chief of the KOSPI market division under the Korea Exchange (KRX), [...]
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, Oct. 29 (Korea Bizwire) — Major South Korean financial firms vowed Monday to establish an emergency monitoring system to better respond to market instability, their association said. The pledge came after chiefs of 12 local securities firms and nine asset management companies held an emergency meeting earlier in the day to assess the current [...]
SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]
SEOUL, May 7 (Korea Bizwire) — Investments in stocks carried out using funds loaned to individuals have reached a new record high, according to the Korea Financial Association, which announced yesterday that the balance of loans on margin accounts stood at 1.2 trillion won as of May 3, the highest value ever recorded. The loans [...]
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, Nov. 21 (Korea Bizwire) — The opening of South Korea’s foreign exchange market will be delayed by one hour on the day of the college entrance exam this week, the committee in charge of the foreign exchange market said Tuesday. The foreign exchange market is set to open at 10 a.m. and close at [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean stocks closed slightly lower Friday as institutions and retail investors dumped local stocks offsetting a buying spree by foreign traders. The South Korean won extended its rally against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.8 point, or 0.03 percent, to close [...]
SEOUL, Nov. 17 (Korea Bizwire) – Despite record KOSPI earnings, only a small number of conglomerates have reported significant increases in profits this year. According to reports from the Korea Exchange, the accumulated net earnings of 525 KOSPI-listed companies during the first three quarters were estimated to be around 92.5 trillion won, up 34.2 percent from [...]
SEOUL, Nov. 8 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading food manufacturer, said Wednesday its net profit rose 17.6 percent in the third quarter from a year earlier on the back of brisk sales of its processed food products. Net income came to 263 billion won (US$236 million) on a consolidated basis in [...]